Shifting focus towards local manufacturing is a win
The industry, which today is worth more than Rs.36,000 crore, is expected will grow to Rs.64,000 crore by 2020. This is primarily because of huge government and private investment planned in segments such as smart cities, modernisation of railways, highways, Digital India campaign, and Power for All by 2022.
Debi Prasad Dash, Director - India Energy Storage Alliance (IESA), Customized Energy Solutions, speaks about how Indian solar companies are eyeing to diversify their business into the energy storage space.
CMI bags orders over Rs 30 crore
CMI Limited has been awarded orders worth more than Rs 30 crore from East Central Railways and BHEL, to provide railway signalling cables and HT XPLE cables, respectively.
CMI Ltd. bags order worth Rs 36 crore from GETCO
CMI Limited, has been awarded an order worth Rs 36.24 crore by Gujarat Energy Transmission Corporation Limited (GETCO). for supply of 66 kV XLPE cables. The order is revenue accretive and will be delivered within two quarters of FY2017-18. The cables for the new order will be manufactured at CMI’s newly acquired facility at Baddi, Himachal Pradesh.
Replacement Market to Drive BTG Demand
While the government is bullish on capacity additions to meet the rising energy demand, the focus is clearly shifting from thermal to renewable energy. On one hand, the government is harping on the excessive capacity addition during the 12th Plan Period, on the other, it is taking a giant leap in building renewable energy capacity.
Road to the top!
Public utilities have played a significant role in India´s growth story. Be it garnering wealth for the nation, ensuring planned development, contributing to public exchequer, working towards sustainability and social empowerment or initialising corporate governance, they have always been in the forefront. Here, we look at the power sector PSUs and their contribution to the country.
Centre okays Bhadradri thermal project
The Ministry of Power cleared the 1,080 MW (4x270 MW) Bhadradri Thermal Power Project (BTPP) in Kothagudem district, Manuguru. The plant is being established with sub-critical thermal generation technology.