Government sets price band between Rs 225 – Rs 245 per share in CIL’s IPO

November 12, 2010 7:20 am0 comments
Government sets price band between Rs 225 – Rs 245 per share in CIL’s IPO

The government has set the price band between Rs 225 – Rs 245 per share for investors who are willing to bid for the shares in Coal India Limited’s (CIL) initial public offering (IPO). The Government is selling 63.16 crore shares or 10 per cent of its stake in the […]

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Spain’s Gamesa announces new contracts with Chinese firms

November 11, 2010 12:08 pm0 comments
Spain’s Gamesa announces new contracts with Chinese firms

Spanish wind giant and world’s leading wind turbine group, Gamesa  has announced three new contracts with China. The contracts have been signed as part of a surge in investments in the country to meet its rising demand for clean energy. Gamesa’s wind turbine division signed the deals with two of […]

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China’s wind power capacity may reach 230 GW by 2020

10:20 am0 comments
China’s wind power capacity may reach 230 GW by 2020

Media reports indicate that China’s wind power can reach up to 230 GW of installed capacity by 2020. In a new report jointly released by Greenpeace, the Chinese Renewable Energy Industries Association (CREIA), and the Global Wind Energy Council (GWEC)- China Wind Power Outlook 2010 said by 2020 China’s total […]

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India and Germany to enhance co-operation in energy

November 9, 2010 10:28 am0 comments
India and Germany to enhance co-operation in energy

With an aim to boost ties between India and Germany in the key areas like ICT, energy including renewable energy, cutting edge technology including environmental and green technology, Anand Sharma, Union Minister of Commerce and Industry discussed the possibility of strategic partnership in these sectors with German Federal Minister of […]

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Suzlon crosses 5,000 MW of wind power installations in India

9:56 am0 comments
Suzlon crosses 5,000 MW of wind power installations in India

Suzlon Energy Limited (SEL), India’s largest wind turbine manufacturer, announced crossing 5,000 MW of cumulative installations in India, underlining the strong momentum in India’s fast growing wind energy market. This cumulative power generation capacity has the potential to light up four million homes annually. In the key states of Tamil […]

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Government threatens to cancel coal block allotments

9:20 am0 comments
Government threatens to cancel coal block allotments

Government now has threatened to cancel coal block allocations to eight companies, including the country’s largest power company National Thermal Power Corporation Limited (NTPC) after repeated reminders to develop blocks allotted years before.The coal ministry has prepared a list of 93 captive coal blocks where development has not been up […]

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Suzlon announces 168.5 MW of new orders in India

9:15 am0 comments
Suzlon announces 168.5 MW of new orders in India

India’s largest wind turbine manufacturer, Suzlon Energy Limited (SEL) cumulatively announced new orders for developing 168.5 MW. Most of these orders are repeat orders and have come from corporate, SMEs and public sector undertakings. These orders are in addition to the previously announced Techno Group order of 202 MW and […]

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Durgapur Power plant’s trouble with Chinese equipment

November 8, 2010 10:07 am0 comments
Durgapur Power plant’s trouble with Chinese equipment

State-owned Durgapur Projects Ltd (DPL) faced operational problems with a turbine supplied by Chinese firm Dong Fang.According to reports, the corporation has approached BHEL for carrying out repair and recommission of a 300-MW thermal power plant in West Bengal. In view of Chinese technology, BHEL had to resort to reverse […]

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Suzlon’s big plans for China

10:03 am0 comments

Suzlon Energy, the wind turbine major, has plans to set up a research and development centre in China. Besides, the company is planning to list its Chinese subsidiary, Suzlon Energy (Tianjin) Ltd, on the Hong Kong Stock Exchange, in a few years. The move is to take advantage of the […]

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Coal mining norms to be relaxed

9:55 am0 comments
Coal mining norms to be relaxed

The government is likely to dilute tough norms proposed by the environment ministry that would have prevented companies from mining coal in large parts of the country, and boosting the prospects of an initial public offer (IPO) from a state-owned company that has monopoly rights to mine coal for commercial […]

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