Meta, YouTube and other sites collected more data than most users realized, a new report by the Federal Trade Commission finds.
Online Passport Renewal and Digital Driver’s Licenses: A Travel Docs Update (19-09-2024)
New options have arrived, for both U.S. passports and driver’s licenses, that may give travelers more flexibility.
Arvind Kejriwal to join AAP’s Haryana poll campaign with roadshow in Jagadhri (19-09-2024)
Arvind Kejriwal will kick off AAP’s campaign in Haryana with a roadshow in Jagadhri on September 20. He will participate in 13 events across 11 districts. The AAP is contesting all 90 seats after talks with Congress failed. Haryana Assembly elections are on October 5, with results on October 8.
Jungle raj: Congress slams Bihar government over setting ablaze of houses (19-09-2024)
The Congress criticized the NDA government in Bihar for the burning of houses in Nawada, calling it evidence of ‘jungle raj’ and injustice against Bahujans. While Congress claims over 80 houses were destroyed, police report 21. Rahul Gandhi condemned the incident and accused BJP and NDA allies of suppressing Bahujans.
Verbal duel at Parliament panel meet on Waqf Bill (19-09-2024)
A legal expert and AIMPLB representatives opposed the Waqf (Amendment) Bill 2024 during a parliamentary panel discussion. A verbal duel ensued between BJP member Medha Kulkarni and legal expert Faizan Mustafa. The Pasmanda Muslim Mahaz suggested several amendments to the bill, while AIMPLB and Mustafa expressed their opposition.
Bengaluru suffering, says Piyush Goyal; Unwarranted comment, retorts MB Patil (19-09-2024)
Karnataka’s industries minister MB Patil criticized Union minister Piyush Goyal’s comment about aspiring for a new Silicon Valley, asserting Bengaluru already holds that status. Goyal responded, blaming the state government for inadequate infrastructure and urging focus on developing Tumakuru industrial township into a Silicon Valley.
Shakti Pumps – solar shakti (power)! (19-09-2024)
When I read the latest concall, I understood that Shakti Pump Management has been also moving into “EV Mobility” with investment of 114.3 crores.
My question is, aren’t they moving away from their core business (talking of solar pumps only), which still has huge untapped market to capture in India and at the same time much more in Europe and/or Americas. I feel like management is diversifying its focus, which might be detrimental to the innovation and brand in medium term.
Maybe someone can comment, am I right in thinking like this?
Investing Basics – Feel free to ask the most basic questions (19-09-2024)
@BuyRightSitTight @aadhar.aggarwal
There’s some mismatch in info.
As per my calc:
| Mar’23 | P&L | Issue | Others | Sep’23 | |
|---|---|---|---|---|---|
| Share capital | 1833.79 | 0 | 284.96 | 0 | 2118.75 |
| Reserves | 2570.07 | 97.78 | 2051.712 | -103.762 | 4615.8 |
| 4403.86 | 97.78 | 2336.672 | -103.762 | 6734.55 |
However, the issue amount amount is not matching with the amount in CFS.
| Proceeds from issue as per cash flow statement | 4388.38 | ||
|---|---|---|---|
| Proceeds from issue as per above calculation | -2336.672 | ||
| Difference (shown as bonus issue in CFS) | 2,051.7 |
What this difference figure signifies is not clear
Green Hydrogen as a Fuel – Indian Companies leading the Green Revolution (19-09-2024)
Support for Green Energy Surges While Developers Struggle with Grid Delays.
Green Energy Receives $386 Billion Funding, But Can Grid Access Issues Be Solved?
India’s journey towards a greener and more sustainable energy future is making significant advancements, supported by large-scale investments, ambitious projects, and favorable policies along with various challenges and concerns.
Let us demystify it understand it.
Two major renewable energy conglomerates Adani and Torrent, both are actively engaged in the business of power generation through solar, wind and hydro.
Adani New Industries Limited
Adani New Industries Limited (ANIL) the wholly owned subsidiary of Adani enterprise Limited have heavily invested in various projects. Let us find about it’s Green energy ambitions.
- 10 GW solar manufacturing plant
- 5 GW wind turbine manufacturing plant
- 5 GW Electrolyser manufacturing plant
- 10 GW green hydrogen production facility in which Hydrogen capacity is 0.5 million metric tons per annum (MMTPA) and ammonia production is 2.8 million metric tons per annum (MMTPA).
Green Hydrogen, which is the next best alternative to traditional fuels is highly significant. Adani’s 0.5 MMTPA capacity for green hydrogen and 2.8 MMTPA for green ammonia will not only help reduce India’s carbon footprint but could also make the country a major exporter of green energy products.
This ambitious initiative aims to position Adani New Industries Limited at the forefront of India’s renewable energy push, with an eye toward both domestic consumption and export markets.
Torrent Power Limited
Torrent Power has also made substantial commitments to renewable energy development. In a regulatory filing, the company announced investments totaling ₹64,000 crore ($7.7 billion USD) for integrating renewable energy. This investment has the potential to create 26,000 jobs directly and indirectly.
The ‘Shapath Patra’ ie. Affidavit which was submitted to the Government by the Company accommodated some of the commitments which are mentioned below
- 10 GW of Installed Renewable Energy Capacity by 2030
The investments that are made for this is around 57,000 crores . A MoU has been signed with the Gujarat Government to execute a 5 GW solar, wind, or hybrid project in Dwarka district. - Green Ammonia Production Facility
Investments of around 7,200 crores is pledged for the capacity of 100,000 kilotons per annum (KTPA).
This focus on green ammonia is aligned with global trends, as ammonia is a crucial ingredient for sustainable energy systems and a key part of the hydrogen economy.
Government Support
India’s green energy efforts have not gone unnoticed by financial institutions. REC , a state-owned power sector lender, has pledged ₹6 lakh crore for renewable energy projects, with additional support from IREDA and the State Bank of India , each committing ₹5 lakh crore .
Such financial support is pivotal in pushing renewable energy initiatives, ensuring that companies like Adani and Torrent Power have the resources to carry out their plans. Funding is not only the key as infrastructure and supply chain hurdles also needs to be taken in to consideration.
Major Challenge
As promising as these investments are, one of the most pressing challenges for India’s renewable energy sector is the lack of adequate grid access and transmission infrastructure . A surge in global demand for high-voltage direct current (HVDC) transformers, essential for integrating renewable energy into power grids, is causing significant delays for developers. In simple terms HVDC is technology that efficiently transmits electricity over long distances using direct current, reducing power loss compared to traditional alternating current (AC).
According to industry insights, transformer lead times have increased dramatically, from 50 weeks in 2021 to 120 weeks in 2024 , creating a bottleneck in scaling renewable energy projects. The availability of transformers, land, and legal clearances are further stalling the development of transmission infrastructure, especially in key states like Rajasthan and Gujarat . These delays could potentially derail the government’s target of adding over 50 GW of renewable energy capacity annually to meet its 500 GW target by 2030 .
Another issue is that, the Power Grid Corporation of India (PGCIL) is constrained by a mandate to source transformers domestically, requiring at least 60% local value addition , due to which the production of new transformers have been slowed down, which in turn disrupts the supply chain.
Conclusion
India’s renewable energy sector stands at a crossroads, with massive investments and government backing on one side, and significant infrastructure and supply chain hurdles on the other. Companies like Adani New Industries Limited and Torrent Power are leading the charge in green hydrogen, solar, and wind energy projects, but they, along with others in the industry, must navigate the complexities of grid access delays and equipment shortages.
Meeting India’s ambitious target of 500 GW of renewable energy by 2030 will require not only financial resources but also innovative solutions to infrastructural bottlenecks. The government’s role in creating a more enabling environment, coupled with strategic industry responses, will ultimately determine whether India can lead the world in green energy while maintaining a sustainable and balanced approach to growth.
Do share your thoughts and Views.
Torrent Power (19-09-2024)
Support for Green Energy Surges While Developers Struggle with Grid Delays.
Green Energy Receives $386 Billion Funding, But Can Grid Access Issues Be Solved?
India’s journey towards a greener and more sustainable energy future is making significant advancements, supported by large-scale investments, ambitious projects, and favorable policies along with various challenges and concerns.
Let us demystify it understand it.
Two major renewable energy conglomerates Adani and Torrent, both are actively engaged in the business of power generation through solar, wind and hydro.
Adani New Industries Limited
Adani New Industries Limited (ANIL) the wholly owned subsidiary of Adani enterprise Limited have heavily invested in various projects. Let us find about it’s Green energy ambitions.
- 10 GW solar manufacturing plant
- 5 GW wind turbine manufacturing plant
- 5 GW Electrolyser manufacturing plant
- 10 GW green hydrogen production facility in which Hydrogen capacity is 0.5 million metric tons per annum (MMTPA) and ammonia production is 2.8 million metric tons per annum (MMTPA).
Green Hydrogen, which is the next best alternative to traditional fuels is highly significant. Adani’s 0.5 MMTPA capacity for green hydrogen and 2.8 MMTPA for green ammonia will not only help reduce India’s carbon footprint but could also make the country a major exporter of green energy products.
This ambitious initiative aims to position Adani New Industries Limited at the forefront of India’s renewable energy push, with an eye toward both domestic consumption and export markets.
Torrent Power Limited
Torrent Power has also made substantial commitments to renewable energy development. In a regulatory filing, the company announced investments totaling ₹64,000 crore ($7.7 billion USD) for integrating renewable energy. This investment has the potential to create 26,000 jobs directly and indirectly.
The ‘Shapath Patra’ ie. Affidavit which was submitted to the Government by the Company accommodated some of the commitments which are mentioned below
- 10 GW of Installed Renewable Energy Capacity by 2030
The investments that are made for this is around 57,000 crores . A MoU has been signed with the Gujarat Government to execute a 5 GW solar, wind, or hybrid project in Dwarka district. - Green Ammonia Production Facility
Investments of around 7,200 crores is pledged for the capacity of 100,000 kilotons per annum (KTPA).
This focus on green ammonia is aligned with global trends, as ammonia is a crucial ingredient for sustainable energy systems and a key part of the hydrogen economy.
Government Support
India’s green energy efforts have not gone unnoticed by financial institutions. REC , a state-owned power sector lender, has pledged ₹6 lakh crore for renewable energy projects, with additional support from IREDA and the State Bank of India , each committing ₹5 lakh crore .
Such financial support is pivotal in pushing renewable energy initiatives, ensuring that companies like Adani and Torrent Power have the resources to carry out their plans. Funding is not only the key as infrastructure and supply chain hurdles also needs to be taken in to consideration.
Major Challenge
As promising as these investments are, one of the most pressing challenges for India’s renewable energy sector is the lack of adequate grid access and transmission infrastructure . A surge in global demand for high-voltage direct current (HVDC) transformers, essential for integrating renewable energy into power grids, is causing significant delays for developers. In simple terms HVDC is technology that efficiently transmits electricity over long distances using direct current, reducing power loss compared to traditional alternating current (AC).
According to industry insights, transformer lead times have increased dramatically, from 50 weeks in 2021 to 120 weeks in 2024 , creating a bottleneck in scaling renewable energy projects. The availability of transformers, land, and legal clearances are further stalling the development of transmission infrastructure, especially in key states like Rajasthan and Gujarat . These delays could potentially derail the government’s target of adding over 50 GW of renewable energy capacity annually to meet its 500 GW target by 2030 .
Another issue is that, the Power Grid Corporation of India (PGCIL) is constrained by a mandate to source transformers domestically, requiring at least 60% local value addition , due to which the production of new transformers have been slowed down, which in turn disrupts the supply chain.
Conclusion
India’s renewable energy sector stands at a crossroads, with massive investments and government backing on one side, and significant infrastructure and supply chain hurdles on the other. Companies like Adani New Industries Limited and Torrent Power are leading the charge in green hydrogen, solar, and wind energy projects, but they, along with others in the industry, must navigate the complexities of grid access delays and equipment shortages.
Meeting India’s ambitious target of 500 GW of renewable energy by 2030 will require not only financial resources but also innovative solutions to infrastructural bottlenecks. The government’s role in creating a more enabling environment, coupled with strategic industry responses, will ultimately determine whether India can lead the world in green energy while maintaining a sustainable and balanced approach to growth.
Do share your thoughts and Views.