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Daily Archives: September 20, 2012

Suzlon shares fall on bond repayment extension plea

According to reports, shares of India’s largest wind turbine maker Suzlon Energy today declined 4% to close at Rs 16.45 on Bombay Stock Exchange  after the company sought four extra moths to redeem bonds.  The scrip touched a low of Rs 16.25 in intra day trade. Suzlon has issued zero-coupon foreign curency convertible bonds(FCCB) worth $200 million which are due next month. Following its inability to tie  up the requisite funds, the company is meeting bondholders on October 10 to ... Read More »

Blackouts Spur $18 Billion Power Grid Upgrade: Corporate India

According to reports, Power Grid Corp. of India Ltd., the nation’s largest electricity transmission company, may exceed a 1 trillion rupee ($18 billion) spending plan to upgrade its network and avoid a repeat of the world’s biggest blackout. Revenue of the state-owned company, which is doubling expenditure in the five years through March, 2017, may rise fourfold in the period following completion of transmission projects, R.P. Sasmal, director of operations said in an interview. The grid aims to boost its market share to ... Read More »

Mysore City Corporation vehicles to run on biodiesel

According to reports, the Mysore City Corporation (MCC) has started using biodiesel, an eco-friendly fuel, for running some of its vehicles. The Biofuel Information and Demonstration Centre, set up by the Karnataka State Biofuel Board with the support of National Institute of Engineering (NIE) on the NIE campus here, will provide biodiesel to the corporation. It will be blended with diesel. NIE-CREST and Biofuel Information and Demonstration Centre jointly organised a function to launch the programme here on Monday. MCC Commissioner M.R. ... Read More »

Ahmedabad Municipal Corporation ropes in IIM-A startup for LED streetlights

According to reports, the Gandhi bridge in Ahmedabad will soon get eco friendly streetlights, courtesy a venture by an Indian Institute of Management, Ahmedabad (IIM-A) alumni. IIM-A alumnus Akshat Khare and his partner Dhaval Shah, a Nirma University graduate, through their startup-Nessa Illumination Technologies, will run a pilot project on Gandhi bridge by replacing 10,000 conventional street lights with LED lights. “Ahmedabad Municipal Corporation (AMC) spends about Rs 12-15 crore annually on external lights in the city. Our business model ... Read More »

Paryavaran Bhawan, Chandigarh’s first green building, unveiled

According to reports, Chandigarh has taken a step towards making Chandigarh a Model Solar City in the country with the inauguration and commissioning of the 50 KWp Solar Photovoltaic Power Plant at the UT Secretariat building, Sector 9, Chandigarh. The 50 KWp Solar Photovoltaic Power Plant at the UT Secretariat building was today inaugurated by the Governor of Punjab and Administrator, UT, Chandigarh, Shivraj V Patil. This plant will generate about 185-200 units (kwhr) of electricity per day. The total project ... Read More »

Suzlon subsidiary REpower bags windfarm project in Austria

According to reports, Suzlon Group subsidiary REpower Systems today said it has signed a 25.6-MW contract with Windkraft Simonsfeld to supply eight turbines for its windfarm project in Austria. “REpower signed a contract with the Austrian operator Windkraft Simonsfeld for supplying eight 3.2 M114 wind turbines,” the company said in a statement. The turbines, each with a rated power output of 3.2 MW and a hub height of 143 metres, will be supplied for the Poysdorf-Wilfersdorf III windfarm in Austria. “With ... Read More »

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