Torrent Power acquires 50 MW solar plant for Rs 416 crore in Telangana

The Gujarat-based integrated power utility Torrent Power has completed acquisition of a 50 megawatts (MW) solar power plant in Telangana from SkyPower Group. The enterprise value for this acquisition is approximately Rs 416 crore, consequent to closing adjustments. Torrent Power, pursuant to securities purchase agreement (SPA) with SkyPower Southeast Asia III Investments Limited and SkyPower […]

Read more

Chana procurement in India already exceeds 2.12 million tonnes against a target of 2.9 million tonnes

The government’s procurement of chana (gram), which has a share of more than 50% in the country’s pulses production, has crossed 2.12 million tonnes (mt) in the current rabi season (2022-23) so far, compared to just 0.6 mt in the same period last year. Sources told Financial Express that procurement of chana, which is being […]

Read more

Wheat procurement this year likely to hit a 13-year low; drops by 54% to 18.65 million tonnes

The government’s wheat procurement in the current year has fallen by more than 54% year-on-year to 18.65 million tonnes (mt) till last week. Government’s purchase of wheat by the Food Corporation of India (FCI) and other agencies at the Minimum Support Price may not touch 19 mt against 43.34 mt purchased last year during rabi […]

Read more

ONGC becomes first natural gas producer to trade on gas exchange, IGX

State-owned Oil and Natural Gas Corporation (ONGC) said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange, trading unspecified volumes from its eastern offshore KG-DWN-98/2 block. In a statement, ONGC said it will increase volumes slowly. “ONGC has become the first exploration and production (E&P) company in India to trade […]

Read more

Rising crude and supply disarray hits petrol pumps of Reliance, Shell and Nayara outlets in Gujarat

Over 160 fuel outlets of Reliance Industries Ltd. (RIL) across Gujarat are facing supply problems for petrol and diesel. In fact, some of the pumps have been forced to halt sales temporarily in the state. Amid unconfirmed reports of sales at Jio-BP petrol stations being temporarily shut from Sunday evening, Jio-BP issued a statement that said, “As […]

Read more

Tata Power Renewables commissions 120MW solar project in Gujarat

Tata Power’s 100 percent subsidiary Tata Power Renewable Energy Limited (TPREL) has commissioned a 120 megawatts (MW) solar project in Mesanka, Gujarat, said a company statement. The project will produce 305247 megawatt-hour (MWh) annually for the Gujarat government. In the installation, approximately 3.81 lakhs modules were used and the project will reduce up to 1.03 […]

Read more