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New Delhi, Dec 18 (PTI) Siemens Gamesa on Wednesday announced selling its power electronics business to ABB which includes assets in India for an undisclosed amount. The business designs and manufactures converters, inverters and control cabinets for wind, solar and storage industries, Siemens Energy said in a statement. The generators business of Gamesa Electric is not included in the agreement and remains with Siemens Gamesa, it said. "Siemens Gamesa has reached an agreement to sell its power electronics business to ABB. The agreement includes the transfer of around 400 employees, two manufacturing plants located in Spain, as well as additional assets in the US, China, India and Australia," the company said. As part of the transaction, both companies have entered a long-term collaboration agreement through which ABB will provide power electronics to Siemens Gamesa turbines, both onshore and offshore. The transaction is expected to be closed in the second half of 2025 and is subject to regulatory approvals of the respective authorities. "Our primary goal for Siemens Gamesa is to achieve profitability, which requires a dedicated focus on our core business. The make-or-buy decision is a constant consideration for us and in this case Gamesa Electric will be better positioned to thrive under ABB's umbrella," Vinod Philip, Executive Vice President for Wind Power in Siemens Energy, said. "Nevertheless, through this cooperation agreement, we are securing essential capacities. I am pleased that we have found a solution for our nearly 400 employees, providing them with greater confidence and security for the future," Philip added. Siemens Energy is one of the world's leading energy technology companies. Siemens Gamesa is its wind power subsidiary.
Bengaluru, Jul 19 (PTI) Hockey India on Saturday announced a 40-member core probable group for the upcoming senior women's national coaching camp, which will be held at the Sports Authority of India (SAI) Centre here from July 21 to August 29. The camp holds significant importance as the Indian women's hockey team gears up for the women's Asia Cup, set to begin on September 5 in Hangzhou, China. The tournament will serve as a direct qualification pathway for the 2026 FIH Women's World Cup, with only the champion earning a guaranteed spot. All players from the previous camp have been retaine ...Read More >
BANGALORE, India, Sept. 16, 2025 /PRNewswire/ -- izmomicro (www.izmomicro.com), a division of izmo Ltd., today announced a major breakthrough in high-performance motor control technology with the launch of its latest in-house innovation designed for demanding industrial, electric vehicle, and next-generation energy applications. The company has developed a Galvanic Isolated Hex Bridge Inverter with integrated controller and drivers for three-phase Servo/BLDC motors, capable of delivering 100 amps of continuous current at 48 VDC while ensuring galvanic isolation for safety and reliability. Bui ...Read More >
New Delhi, Dec 16 (PTI) Inox Wind on Tuesday said it has secured a repeat order for 100 MW from Jakson Green. This order is for the supply of IWL's 3.3 MW turbines for projects being developed by Jakson Green in Gujarat, a company statement said. Additionally, IWL will provide limited-scope EPC services for the project along with multi-year Operations & Maintenance (O&M) services post the commissioning of the turbines. With the addition of this order, total order inflow for FY26 now stands at 600 MW, with an additional 2.5 GW of framework agreement to be executed over the next three years. ...Read More >
New Delhi [India], April 8 (ANI): Union Minister for New and Renewable Energy and Consumer Affairs, Food and Public Distribution, Pralhad Joshi, on Wednesday said India has surpassed Brazil to rank third globally, in Renewable Energy Installed Capacity, according to the Renewable Energy Statistics 2026, a press release by the Ministry of New and Renewable Energy said. Joshi said India's total power generation during 2025-26 (up to March 2026) reached 1,845.921 BU. The share of non-fossil fuels in total generation reached 29.2% in 2025-26 (538.97 BU). India achieved the milestone of 50% of its ...Read More >
New Delhi, Jul 15 (PTI) Two people died and four others were injured after a fire broke out at a house in east Delhi's Old Govindpura area on Tuesday evening, an official said. Police have identified the deceased as Tanveer (28) and Nusrat. A call was received at Jagatpuri police station at 8.46 pm regarding a fire incident at Band Gali, Old Govindpura, Deputy Commissioner of Police (Shahdara) Prashant Gautam said. When a police team reached the spot, it found that 10 people were trapped inside a residential building that caught fire, the DCP said. With the help of police personnel and fir ...Read More >
Bharat Heavy Electricals Ltd. (BHEL) has received a ₹13,500 crore order from NTPC Ltd. for the main plant package of the 3x800 MW Telangana Stage-II supercritical thermal power project, the company said in an exchange filing on Monday, March 30. The Notification of Award (NOA) pertains to the project located in the Peddapalli district of Telangana. The scope of work includes design, engineering, manufacturing, supply, erection, commissioning, and testing of the main plant package, covering bo ...Read More >
BHUBANESWAR: Vedanta chairman Anil Agarwal has approached Odisha Chief Minister Mohan Charan Majhi to seek support in fast-tracking clearances and accelerating the implementation of the company's ambitious USD 20-billion aluminium project. Vedanta has already committed Rs 1.27 lakh crore investment for a 3 million tonne per annum (MTPA) aluminium smelter in Dhenkanal district and Rs 1 lakh crore investment for a 6 MTPA refinery in Rayagada district. In a letter to the chief minister, Agarwal sa ...Read More >
Mumbai, Sep 15 (PTI) Sterling Gtake E-Mobility Ltd (SGEM) has partnered with Chinese firm Landworld Technology for the local manufacturing of the on-board chargers and DC/DC converters as well as power distribution units. SGEM, a subsidiary of the automotive components maker Sterling Tools, expects the collaboration to generate around Rs 450 crore in business by FY30, the company said. SGEM also said it will manufacture these units at its electric vehicle campus in Faridabad under a technology licence and supply pact with Landworld. The move is a part of Sterling Gtake's plans to expand the ...Read More >
New Delhi, Apr 2 (PTI) Shares of power solutions provider Powerica Ltd on Thursday made a tepid market debut, listing with a discount of over 7 per cent from the issue price of Rs 395. The stock was listed at Rs 366, slipping 7.34 per cent from the issue price on the NSE. On the BSE, it debuted at Rs 375, registering a decline of 5.06 per cent against the issue price. The company's market valuation stood at Rs 4,684.95 crore on the NSE. The listing comes amid a weaker broader trend, with benchmark indices trading lower, with the 30-share BSE Sensex plunging 1,494.27 points, or 2.04 per cen ...Read More >
A three-year safeguard duty on steel imports, initiated by DGTR due to increased imports and declining domestic profits, faces strong opposition. GTRI's report suggests this duty could negatively impact auto, engineering, and construction sectors by raising input costs. Stakeholders argue that the duty will harm export competitiveness and create sourcing challenges, despite domestic steelmakers' profitability. The three-year safeguard duty on steel imports by Directorate General of Trade Remedie ...Read More >
NTPC Green Energy has commissioned 212.5 MW of solar capacity at the Khavda-I Solar PV Project in Gujarat and 52.8 MW of wind capacity. These additions, declared commercially operational in August 2025, increase the NTPC group's total installed and commercial capacity to 83,242 MW, reinforcing its commitment to renewable energy. State-owned NTPC on Wednesday said that its arm NTPC Green Energy has commissioned 212.5 MW of solar and 52.5 MW of wind capacities, taking the group's installed and com ...Read More >
New Delhi, Jun 6 (PTI) Surat-based KP Group on Friday said it has inked three strategic initial pacts with energy and power management solutions provider Delta Electronics India. This collaboration spans three high-impact areas: Battery Energy Storage Systems (BESS), Green Hydrogen and EV Charging Infrastructure and Solar PV Inverters, a statement said. The Memoranda of Understanding (MoUs) were signed by Niranjan Nayak, Managing Director of Delta Electronics India, and Faruk Patel, Chairman and Managing Director of KP Group, marking a significant step toward co-developing future-ready energ ...Read More >
The government mandates using major wind turbine components from the Approved List of Models and Manufacturers (Wind), renamed from RLMM, to ensure quality and energy security. This amendment strengthens cybersecurity by requiring data centers within India. Exemptions are provided for existing projects and new manufacturers to promote innovation and domestic manufacturing in the wind sector. New Delhi, The government has made the use of major wind turbine components from the Approved List of Mod ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 GW of renewable projects, while exploring new opportunities in other states. The Group has already e ...Read More >
India added 20.1 GW of renewable energy (RE) capacity in the first five months of FY2026 (April-August 2025), marking a robust 123% growth compared to 9 GW during the same period last year, according to a recent report by ICRA. This includes 17.5 GW of solar and 2.6 GW of wind capacity additions. ICRA highlighted that this record growth -- driven by a strong project pipeline and favorable market conditions -- positions the sector to exceed 35 GW of new capacity in FY2026. The growth momentum follows a strong performance in FY2025, when RE capacity addition rose to 28.7 GW from 18.5 GW in FY2 ...Read More >
The 7th edition of Windergy India 2025 is set to take place in Chennai from October 29 to 31. This international trade fair and conference focuses on wind energy, aiming to stimulate the sector and promote discussions on India's renewable energy goals. Over 350 exhibitors from more than 20 countries are expected to participate, drawing an anticipated 15,000 visitors. India's wind energy sector has seen significant growth, with installed capacity increasing by 153% from 21 GW in 2014 to 53.2 GW c ...Read More >
New Delhi, Aug 26 (PTI) India's wind energy capacity is estimated to reach 107 GW by 2030, compared to the government target of 100 GW, according to a report by the Global Wind Energy Council (GWEC) released on Tuesday. The latest report, Wind at the Core: Driving India's Green Ambitions and International Influence, was unveiled in the presence of New & Renewable Energy Secretary Santosh Kumar Sarangi. The report details how installed wind capacity in India can more than double from 51 GW at present to 107 GW by 2030, in line with state-level Resource Adequacy Plans (RAP). This is pivotal t ...Read More >
New Delhi, Nov 14 (PTI) Inox Wind Ltd (IWL) on Friday posted 43 per cent rise in consolidated net profit to Rs 121 crore for September quarter FY26, mainly on the back of higher revenues. The company had logged a net profit of Rs 84 crore a year ago, a statement said. Revenue rose to Rs 1,162 crore in the quarter from Rs 744 crore in the same period a year ago. IWL's order execution during the quarter increased to 202 MW, with order book at 3.2 GW providing revenue visibility of 18-24 months. The company had won 400 MW of orders from multiple new as well as existing customers. Its new man ...Read More >
BENGALURU: As Karnataka's economy grows by leaps and bounds, recent data from the Ministry of Statistics and Programme Implementation shows the state also leads in hydroelectric power generation, with 3.63 gigawatt of power. It also tops in small hydro power project generation with 3,726MW in 2024-25. The ministry's National Statistics Office (NSO) on March 30 released the annual Energy Statistics India 2026 report, which noted that India has a huge potential for generation of renewable energy, ...Read More >
New Delhi, Aug 14 (PTI) Inox Wind on Thursday said its consolidated net profit more than doubled to Rs 97.34 crore in the June quarter compared to the year-ago period, mainly due to higher revenues. It had posted a consolidated net profit of Rs 41.59 crore in the year-ago period, a BSE filing showed. Total income rose to Rs 862.56 crore during the quarter from Rs 654.64 crore in the same period a year ago. Its order execution during the quarter increased to 146 MW, with order book at 3.1 GW. The company added an equipment supply order from First Energy to its well diversified order book co ...Read More >
ITANAGAR, 25 Oct: The NHPC Limited launched the wet commissioning of the unit-1 (250 MW) of its ambitious 2,000 MW Subansiri Lower Hydroelectric Project (HEP) on 24 October, following a successful mechanical run of the turbine, marking the beginning of operation of the project. Attending the event, NHPC Chairman Bhupender Gupta described the achievement as more than a project milestone, stating that it symbolizes India's unstoppable march towards a cleaner, greener, and self-reliant energy future, he added. "This milestone is a shining testament to the NHPC's engineering prowess and India's ...Read More >
New Delhi [India], June 7 (ANI): Delhi police have lodged an FIR against anti-social elements involved in spreading misinformation about the demolition drive on the basis of a complaint filed by the Delhi Urban Shelter Improvement Board (DUSIB), a release said. Chief Minister Rekha Gupta had earlier issued an order to take strict legal action against those spreading misinformation about the demolition drive. Also Read | Indus Waters Treaty Suspension: Desperate Pakistan Wrote 4 Letters to India, Pleading Reinstatement of IWT, Say Sources. The complaint highlights that a list of 675 JJ Basti ...Read More >
Bengaluru - Tenneco Clean Air India Limited, part of the US headquartered Tenneco Group, a key global Tier I automotive component supplier (Source: CRISIL Report) has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). Tenneco Mauritius Holdings Limited, Tenneco (Mauritius) Limited, Federal-Mogul Investments B.V., Federal-Mogul Pty LTD, and Tenneco LLC are the promoters of the company. The offer comprises an Offer for Sale aggregating up to ₹3000 crore by Tenneco Mauritius Holdings Limited ("Promoter Selling Shareholder"). The face value of each equi ...Read More >
New Delhi: India's power sector added a net capacity of about 6.9 GW in April and May, most of it in the renewable energy space. Data from the Central Electricity Authority showed 6.45 GW of renewable energy capacity was added in the first two months of this financial year. This is more than double the 3 GW of renewable energy capacity added in the corresponding months of 2024-25. About 700 MW of nuclear power capacity and 200 MW of large hydro capacity were also added in April and May. No thermal capacity was added in April and May, while about 430 MW capacity was retired. Installation of ...Read More >
Bengaluru's long-awaited Yellow Line is finally nearing its launch, with the Bangalore Metro Rail Corporation Limited (BMRCL) receiving a critical safety certification for its train and signalling systems. According to a report by Deccan Herald, the Independent Safety Assessment (ISA), mandatory for driverless train operations, was submitted to BMRCL on Thursday evening. The certification was issued by Italcertifer, a state-owned Italian firm tasked with evaluating the safety of the system. "We ...Read More >
NEW DELHI: In a renewed effort to put economic pressure on Russia, the European Union on Friday unveiled a fresh package of sanctions, which includes lowering the price cap on Russian crude oil and sanctioning Nayara Energy Ltd, an India-based refinery linked to Russian energy giant Rosneft. This marks the first time the EU has imposed sanctions involving India, a country that has heavily relied on discounted Russian crude since the start of the Russia-Ukraine war in 2022. Nayara Energy Ltd, formerly known as Essar Oil Ltd, operates a 20-million-tonne-per-year refinery in Vadinar, Gujarat, an ...Read More >
PRNewswire Bangalore (Karnataka) [India], September 16: izmomicro (www.izmomicro.com), a division of izmo Ltd., today announced a major breakthrough in high-performance motor control technology with the launch of its latest in-house innovation designed for demanding industrial, electric vehicle, and next-generation energy applications. The company has developed a Galvanic Isolated Hex Bridge Inverter with integrated controller and drivers for three-phase Servo/BLDC motors, capable of delivering 100 amps of continuous current at 48 VDC while ensuring galvanic isolation for safety and reliabil ...Read More >
Premier Energies and Syrma SGS Technologies will be in focus on October 24 after announcing a joint acquisition of Pune-based solar inverter maker KSolare Energy for Rs 170 crore. Premier Energies will take a 51% stake and Syrma SGS 49%, with KSolare becoming a subsidiary of Premier Energies. The deal is expected to close within 90 days, subject to approvals. Shares of Premier Energies Limited and Syrma SGS Technologies Limited are expected to be in focus on Friday, October 24, after the two com ...Read More >
New Delhi : Igniting the next wave of renewable innovation, Informa Markets in India, the nation's foremost curator of B2B growth platforms, proudly announces the 18th edition of Renewable Energy India (REI) Expo, Asia's largest and most influential clean energy congregation. Scheduled from October 30 to November 1, 2025, at India Expo Mart, Greater Noida, REI 2025 will once again be co-located with the 3rd edition of The Battery Show India, together advancing India's vision for a cleaner, greener tomorrow. Building on the resounding success of its 17th edition in 2024, which celebrated nearly ...Read More >
Mumbai, Apr 7 (PTI) The Air India group on Tuesday said it will impose fuel surcharge ranging from Rs 299 to Rs 899 for domestic flights and USD 24 to USD 280 for international flights (excluding some routes). The revised fuel surcharge, effective from April 8 will be applicable for flights operated by the airline's low-cost subsidiary Air India Express as well, Air India said in a statement. Revisions to fuel surcharge on flights to and from Bangladesh and Far East destinations such as Japan, Hong Kong, and South Korea, will be advised in due course subject to the requisite regulatory appro ...Read More >