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Valeo launches fully integrated compact electric powertrain system in India
This advanced powertrain technology from Valeo will aid electrification at an affordable cost for small mobility vehicles like two-and three-wheelers that are extensively used for first and last mile connectivity in the country.
Idemitsu invests in European Open Innovation Venture Capital Fund from Emerald
Idemitsu Kosan (Headquarters: Tokyo, Japan), has decided to invest in an open innovation evergreen fund, managed by Emerald Technology Ventures, a Swiss clean technology-focused venture capital organization (Headquarters: Zurich, Switzerland). In addition, Idemitsu has decided to establish a new open innovation promotion base in Switzerland. For new business creation, Idemitsu strengthens its efforts to accelerate innovations with start-up companies, not only in Japan, but around the world.
IREDA’s gross Income jumps 17% to INR 2372 crore in FY 2019-20
The state-controlled renewable energy and energy efficiency lender sanctioned loans of INR 12,696 crore and disbursed INR 8,785 crore supporting capacity addition of 5673 MW during the year.
Littelfuse launches DC disconnect switch product line
Offered in both 250 and 400 amperage ratings, these switches prevent shock hazards when isolating circuits or repairing systems.
Hitachi ABB Power Grids in India: Q3 shows recovery, revenue nears pre-pandemic levels
Orders were up 56.9% quarter-on-quarter (QoQ) despite restricted business activity, and revenue up 46.9% at INR 932 crore.
13th Urban Mobility India Conference on emerging trends in urban mobility inaugurated
Hardeep S. Puri, housing and urban affairs minister, stated that future mobility is about striving towards environment-friendly, integrated, automated and personalized travel on-demand.
NTPC aims for 32 GW of renewables capacity by 2032
Currently, NTPC has 2,404 MW of RE projects under implementation, out of which 237 MW comes from floating solar projects located in reservoirs at NTPC’s existing stations.
CRISIL upgrades Tata Power Long Term rating to ‘AA/Stable’
The rating factors in management’s intent to keep net debt to EBITDA sustainably below 3.5 times including by divesting majority stake in the renewable portfolio through a proposed Infrastructure Investment Trust (InvIT).
Morgan Stanley and Ernst & Young were top M&A financial advisers by value and volume in power sector for Q1-Q3 2020
In GlobalData’s ranking, Morgan Stanley gained top spot in terms of value by advising on seven deals worth $10.6bn, which was the highest value among all advisers. Meanwhile, Ernst & Young led by volume having advised on 20 deals worth $1bn.
NextChem and Indian Oil sign India’s first circular economy MoU
As per the agreement, IndianOil and NextChem will jointly explore opportunities for the recovery of waste using NextChem technologies for upcycling and waste-to-chemicals of plastic waste.
