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At present, the state’s total installed power generation capacity from renewable energy sources solar, wind, hydel, biomass and bagasse is about 13,152MW
AHMEDABAD: Gujarat is making rapid strides into the renewable energy (RE) sector with a slew of mega green energy projects. These projects relate not just to electricity generation but also to equipment manufacturing. Backed by policy initiatives and strong investor support, Gujarat’s renewable power generation capacity is expected to jump to 38,466MW by 2025 and 61,466MW by 2030, according to the state government’s estimates.
At present, the state’s total installed power generation capacity from renewable energy sources solar, wind, hydel, biomass and bagasse is about 13,152MW.
Mukesh Ambani-controlled Reliance Industries Limited (RIL), which has proposed hiving off its oil to chemicals (O2C) business into an independent subsidiary, on Tuesday said it had received an approval from the Securities and Exchange Board of India (Sebi) and stock exchanges to create this subsidiary. The company now requires the approval of equity shareholders and creditors, regulatory authorities, and the income-tax authority, besides the National Company Law Tribunals (NCLTs) in Mumbai and Ahmedabad. RIL said the approval process had commenced and was expected to be completed by the second quarter of the 2021-22 financial year. In a presentation to investors on Tuesday, RIL said that the creation of this subsidiary would facilitate value creation through strategic partnerships and attract dedicated pools of investor capital. The ongoing talks with Aramco for a stake sale in RIL were also mentioned in this presentation. When finalised, the deal is expected to be one of the la
RIL to hive off O2C business Mukesh Ambani-controlled Reliance Industries Limited (RIL), which has proposed hiving off its oil to chemicals (O2C) business into an independent subsidiary, on Tuesday said it had received an approval from the Securities and Exchange Board of India (Sebi) and stock exchanges to create this subsidiary.
Former TRAI chief Rahul Khullar passes away Former chairman of the Telecom Regulatory Authority of India (TRAI) Rahul Khullar passed away Tuesday morning in New Delhi owing to a prolonged illness. Khullar, a 1975-batch Indian Administrative Service (IAS) officer, was appointed as TRAI chief in May 2012. He served at TRAI for three years. Before being appointed as TRAI chief, he was a secretary of the Ministry of Commerce and Trade.