Budget Reactions
Aditya V Agarwal, Director, Emami Group

The Budget will have a positive impact on the cement sector with infrastructure investments and affordable housing to drive demand. Cement companies are expected to see superior volume growth given the government’s focus on housing for all, smart cities (99 already identified) and building toilets under Swachh Bharat Abhiyan (to constru READ MORE.....
Tata Trusts’ FISE hunts for innovators, entrepreneurs
Tata Trusts launches the first nationwide hunt for innovators and entrepreneurs; invites entries for ‘Social Alpha Energy Challenge’.

In a first-of-its-kind nationwide search, Tata Trusts’ Foundation for Innovation and Social Entrepreneurship (FISE) – which supports technology-based solutions for social impact through their lab-to-market journey – has announced the ‘Social Alpha Ene READ MORE.....
Sterlite Power acquires 28.4pc stake from SCPE
-  Company acquires stake from Standard Chartered Private Equity for `1,010-cr.
-  Highest absolute return in the Power and Utilities sector in India.
-  Standard Chartered set to make 2x returns in a short span of 3.5 years.

Sterlite Power has acquired the 28.4 per cent stake in its transmission infrastructure business from Standard Charter READ MORE.....
Sterlite Power commissions two Lines in Telangana
Company commissions the 400KV D/C Nizamabad-Shankarapally and 400KV Maheshwarm-Mehboobnagar Lines.

-  The project allows ~1000 MW incremental capacity of power off take.
-  Maheshwaram Transmission Limited (MTL) will Build, Own, Operate and Maintain the two lines with a total line length of 236 Km for 35 years. READ MORE.....
RIL wins golden Peacock Award 2017 for CSR activities
Reliance Industries Limited (RIL) has won the Golden Peacock Award 2017 for the success of its Corporate Social Responsibility initiatives and, in particular, for the transformative work done by Reliance Foundation (RF), the CSR arm of the Company. RIL was recognized by the Awards Jury under the Chairmanship of Justice (Dr.) Arijit Pasayat, former Judge, Supreme Court of India.

One READ MORE.....
MIAL wins prestigious award
MIAL conferred Award for Excellence in ‘Air Traffic Management Productivity in Indian Aviation’ at CAPA India Airport and Airspace Summit 2018.

GVK Mumbai International Airport Private Limited (MIAL), the company that manages the Chhatrapati Shivaji International Airport (CSIA), was bestowed with the coveted Award for Excellence in ‘Air Traffic Management productivity in Indi READ MORE.....
Hartek Power achieves 1-GW milestone
-  Hartek Power connects 545-MW solar projects to grid in six states in current financial year.
-  From 598 MW in March 2017 to 1,143 MW now, Hartek Power registers phenomenal growth of 91.1 per cent in its solar grid EPC business in 10 months.

The power systems EPC portfolio of Hartek Power Pvt. Ltd., one of India’s fastest growing Engineering,  READ MORE.....
Twenty lakh LED lamps to light up streets in Maharashtra
-  Urban Development Department signs MoU with EESL.
-  Nearly 400 ULBs across the state to be benefitted by the scheme.
-  Energy bills to go down by at least 50 per cent.

Energy Efficiency Services Ltd (EESL) has signed a MoU with Urban Development Department (UDD), Government of Maharashtra for replacing all the conventional streetlights under the Urb READ MORE.....
BEML advances delivery of the first intermediate car unit to BMRCL
BEML Ltd., a Public Sector Company under the Ministry of Defence and the premier manufacturer of Metro Cars, has delivered the first intermediate car unit to BMRCL. This intermediate car unit shall be integrated with the existing 3-car train sets to form 6-car train sets, which will eventually double the present passenger carrying capacity of the Metro.

At a function held recently a READ MORE.....
CG bags largest order of `107-cr from EESL
Avantha Group Company, CG Power and Industrial Solutions Limited (CG), has bagged an order worth `107-crore from Energy Efficiency Services Limited (EESL), Power Ministry, Government of India, New Delhi for Low Voltage Motors. EESL had invited its first tender for energy efficient IE3 Motors from all the major Motor manufacturers. CG was the only manufacturer to receive more than 50 per cent of th READ MORE.....
Siemens Gamesa bags 326MW wind power orders
-  This order entails the EPC construction of 326 MW of wind power facilities on several sites across India (26 in total, with installed capacity ranging between 2 MW and 60 MW).

-  Siemens Gamesa to install 135 units of its G114-2.0 MW wind turbines and 28 units of its G97-2.0 MW wind turbines across different sites which are set for commissioning by March 2018. READ MORE.....
SAP, Siemens join hands
To digitally revitalize India’s Energy and Utilities Sectors.

SAP SE and Siemens have announced extension of their global agreement in smart metering to jointly go-to-market in India and support the Government’s target of installing 130 million Smart Meters by 2021