solar power, renewable energy

The state government plans to generate 7,000 megawatts of solar power by 2026 to provide daytime electricity supply to farmers which could also reduce the burden of cross-subsidy on industries, said the Maharashtra State Electricity Distribution Company Limited (MSEDCL) on Friday.
Addressing a press conference here, MSEDCL's independent director Vishwas Pathak said farmers now get electricity for irrigation at night and find it troublesome. Under the Mukhyamantri Saur Krishi Vahini Yojana  2.0 (MSKVY 2.0), the government will ensure daytime supply by installing solar panels near agricultural feeders, he said.
This will provide reliable electricity supply to farmers during the day. Their demand of many years will be fulfilled, he said.
Pathak said that Chief Minister Eknath Shinde and Deputy CM Devendra Fadnavis have decided to implement MSKVY 2.0 in the state with the aim of running at least 30 per cent of agricultural feeders in each district on solar energy by December 2025.
Unde

solar panel, solar, solar energy, sunlight, energy, renewable energy

SJVN's arm SJVN Green Energy has awarded a Rs 132.64 crore contract for a balance-of-system package for its 100 MW solar project in Punjab to BVG India.
The company's wholly-owned subsidiary SJVN Green Energy Ltd (SGEL) has entered into an agreement for a balance-of-system (BOS) Package for a 100 MW solar project in Punjab, Nand Lal Sharma, Chairman and Managing Director, SJVN, said in a statement.
The firm has entered into an agreement with BVG India Ltd -- SGEL's first awarded BOS contract, amounting to Rs 132.64 crores, it stated.
The BOS encompasses all components of a photovoltaic system other than the photovoltaic panels. This includes wiring, switches, a mounting system, one or many solar inverters, a battery bank and a battery charger.
The contract also includes the operation and maintenance of the solar PV plant for a period of three years.
SJVN bagged the project through tariff based competitive bidding process on a build, own and operate (BOO) basis through e-reverse ..

Modhera, Gujarat, solar panels

Residents of India's first solar-powered village hope for reduced bills, iconic Sun Temple gets light show boost

renewable, energy, power, solar

For any procurement by the Central government agencies and nodal departments, the preference would be given to local products for which there is sufficient local capacity

solar, energy, clean energy, green, renewable, power, project, pollution, environment, conservation, emission

Power and New & Renewable Energy Minister R K Singh on Thursday said his ministry has proposed to impose basic custom duty (BCD) from August 1, this year on solar equipment

solar power

Ministry officials said they have received several representations from several industry bodies and they are being studied

Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City.
This is also the first wide body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).
In a release, the airline said the transaction was facilitated by its wholly-owned subsidiary AI Fleet Services Ltd (AIFS) and is also the first financing transaction from the orders for 470 aircraft that were made earlier this year.
Tata Group-owned Air India, which has embarked on an ambitious transformation plan, expects the first A350-900 aircraft to arrive in India by the end of this year.
According to the release, the airline has successfully acquired India's first Airbus A350-900 aircraft through a finance lease transaction with HSBC.
"This landmark transaction marks the beginning of our aircraft leasing business from GIFT IFSC, as AIFS will be the primary Air India Group .

Air India

The six units being planned to be listed are Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Limited

Vedanta

The counter that hit a 52-week low of Rs 42.39 on August 29, 2023, traded at a record low of Rs 37.96 in March 2009. It had hit a record high of Rs 581.24 in December 2007

Real estate

Shares of GMDC hit a record high of Rs 323.70 as they rallied 14%, surpassing its previous high of Rs 316.18 touched on November 12, 2007

Lignite

1 out of every 25 shares from the Nifty 500 index has more-than-doubled investors wealth in 2023 so  far, with Apar Industries, Mazagon Dock and JBM Auto as the top movers.

Wealth-Manager

Here is the best of Business Standard's opinion pieces for today

Budget

According to Ravi Nathani, an independent technical analyst, the 'buy the dips' strategy seems particularly relevant in the current market conditions.

stocks, stock call, buy, sell, trading ideas, buy sell ideas

Israeli airstrikes hit several targets in the Gaza Strip on Tuesday, the country's military said, after Palestinian protesters flocked for the 12th straight day to the enclave's frontier with Israel  demonstrations that have devolved into violent clashes with Israeli security forces.
There were no reports of casualties in Gaza from the Israeli airstrikes.
The Israeli army said that it used a drone, helicopter and tank to strike multiple posts in northern and southern Gaza belonging to the strip's militant Hamas rulers in response to what it described as violent riots at the separation fence between Gaza and Israel. The protests involve Palestinians throwing stones and explosive devices, burning tires and, according to the Israeli military, shooting at Israeli soldiers.
Palestinian health officials reported that Israeli forces shot and wounded 11 protesters during Tuesday's rally.
Hamas, the Islamic militant group that seized control of Gaza in 2007, has said that young Palestinians

Gaza violence

Maharashtra state marketing minister Abdul Sattar on Tuesday said a meeting called here for discussing onion traders' demand to slash the 40 per cent export duty on the kitchen staple ended without any decision as the concerned Union secretary was not present.
The meeting was attended by Sattar, deputy Chief Minister and Finance Minister Ajit Pawar, and representatives of onion traders.
A Union secretary was not present, hence no major solution was found on the issue of slashing 40 per cent export duty. The next meeting is scheduled for September 29 in Delhi which we will attend. I am hopeful that an amicable solution will be found, he said.  Asked if the Maharashtra government has issued any directive to onion traders, Sattar said, The state has asked the traders to procure onions from farmers.  Agencies such as NAFED will also start buying onions.

Onion, Onions

Canada is India's main import source of lentils, a protein-rich staple used to make daal curry

India Canada

Tata Steel on Friday commissioned a 10.8-MW capacity floating solar power project on the upper cooling pond of its Jamshedpur plant in Jharkhand.
A total of 20.34 MW of solar projects have been commissioned in various facilities at Tata Steel in Jamshedpur, the company said in a statement.
The floating solar project was commissioned by Tata Power under an agreement with the steel major for the installation of a total of 41MW with a combination of rooftop, floating and ground-mounted solar panels across its locations.
Earlier, rooftop solar projects at the central warehouse, cold rolling mill, wire rod and hot strip mills, totalling 7.65 MW and a 2 MW ground-mounted solar project at Sonari Airport have already been commissioned.

Solar Energy, Renewable Energy, Green Energy

The Chhattisgarh Police has arrested two people in connection with a Rs 20-crore burglary from a jewellery store in New Delhi earlier this week and recovered around 18.5 kg of gold and diamond ornaments from them, a senior official said on Friday.
A joint team of officials from the anti-crime and cyber unit and the Civil Line police station in Bilaspur district carried out the operation while probing a series of thefts in Bilaspur city, Superintendent of Police Santosh Singh told PTI.
Those arrested have been identified as Lokesh Srivas (32), who is allegedly involved in several thefts in Bilaspur, and Shiva Chandravanshi (23), he said.
The value of gold and diamond ornaments recovered from Srivas is estimated at Rs 12 crore but the exact value was yet to be ascertained, he added.
Acting on a tip-off about Srivas being present in Kawardha town of Chhattisgarh's Kabirdham district, the team conducted a raid there on Wednesday and arrested Chandravanshi along with ornaments worth Rs 

Police in Gurugram due to communal violence

The Gujarat High Court on Friday reserved its order in the review plea filed by Delhi Chief Minister Arvind Kejriwal in a matter related to Prime Minister Narendra Modi's degree after arguments concluded.
After hearing both the sides, Justice Biren Vaishnav kept the judgement reserved.
Earlier in June, Kejriwal, who also heads the Aam Aadmi Party (AAP), approached High Court seeking a review of its recent order setting aside the Central Information Commission's directive to the Gujarat University to provide information on Prime Minister Narendra Modi's Master of Arts (MA) degree to him.
In March, Justice Vaishnav had allowed Gujarat University's appeal against the CIC order and had also imposed a cost of Rs 25,000 on Kejriwal.
One of the key contentions raised by Kejriwal in his review plea is that contrary to Gujarat University's claim about Modi's degree being available online, no such degree is available on the university's website.
During Friday's hearing, senior lawyer Percy 

Gavel, Law & Order

The Uttar Pradesh Real Estate Regulatory Authority on Friday allowed a realtor to complete a stuck housing project in Greater Noida.
The UP RERA approved the promotor's plan with the consent of a majority of allottees to complete the remaining construction and development work of Elegant Ville project in Techzone 4 area of Greater Noida West.
According to RERA officials, the project with 761 units was scheduled to be built in four phases and delivered by 2019 but got stuck.
"To protect the interests of the allottees of Elegant Ville, a stuck project of Gautam Buddh Nagar, UP RERA has authorized the promoter to complete the remaining construction and development work under provisions of section 8 of the RERA Act with the consent of its majority of allottees," UP RERA said.
"For this, the promoter of the project, Elegant Infracon Private Limited, has collaborated with Floral Realtech Private Limited and presented a plan of project rehabilitation according to which the project will be

Real Estate, Realty sector, Construction, Realty

Maruti Suzuki India on Friday said it has received a show cause notice from the GST Authority proposing to demand interest and impose penalty, besides appropriating tax already paid, amounting to Rs 139.3 crore.
The notice pertains to the matter of tax liability under reverse charge basis on certain services for the period of July 2017 to August, 2022, Maruti Suzuki India said in a regulatory filing.
"The company will file a reply to the show cause notice before the Adjudicating Authority," it said, adding that there was no impact on its financial, operation or other activities due to the notice.
The company also said it has received a favourable order from the High Court of Punjab and Haryana wherein appeals filed by the Central Excise Department for the period June 2006 to March 2011 have been dismissed.
The Central Excise Department had filed appeals before the high court against an earlier tribunal order of August 2016, which was passed in favour of the company in which input .

India solar policies

Maha plans to generate 7,000 MW solar power for farmers by 2026: MSEDCL

BVG India bags BOS order for 100 MW solar project of SJVN Green Energy

Gujarat's Modhera village basks in the sun, awaits solar power benefits

Local preference move unlikely to give push to solar gear makers

Customs duty on solar equipment may hit SEZ manufacturing units: Experts

Solar manufacturing schemes face hurdles over subsidy, WTO rules