REC raises CBDT notified zero coupon bonds of Rs 5,000 crore

​ZCB are issued at deep discount and are redeemed at face value. Since these ZCBs are CBDT notified, investors are benefitted in the form of lower taxation as redemption of ZCB on maturity is treated as long term capital gain and is accordingly taxed at much lower rate of 12.5 per cent per annum.

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Govt subsidies, falling battery prices to make EVs more accessible: Axis Securities

According to the analysis, although the initial cost of an EV may be higher, over time, the lower operational costs (such as lower electricity prices and less maintenance expenditures) make them more cost-effective.

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NLCIL produces 1,234 crore units of clean power as it treads green path

To achieve the target of 10,000 MW, NLCIL has formed new subsidiaries--NLC India Renewables Ltd (NIRL) to focus on asset monetisation and NLC India Green Energy Ltd (NIGEL) to spearhead clean energy initiatives.

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Gujarat leads with 14.7 GW solar capacity, eyes 31.9 GW hybrid projects: Arun Mahesh Babu

Speaking at the The Economic Times Energy Leadership Awards, Babu detailed how Gujarat’s solar and wind energy projects are contributing to India's national goal of reaching 500 GW of non-fossil energy capacity by 2030.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/kEfZ4v2

Top climate negotiators urge tougher targets, but outsiders say they aren't cutting back themselves

At the United Nations, the troika of the current and next two presidents of UN climate conferences told other leaders to make their required climate-fighting targets - due next February - much more ambitious.

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Saatvik Solar to raise ₹1,000 crore for expansion, plans IPO

Saatvik Solar currently has a module production capacity of 1.8 GW, which is projected to increase to 3.8 GW by November. The planned investment of ₹2,200 crore over the next two years is expected to further enhance the company's module-making capacity to 7.8 GW and cell manufacturing capacity to 2 GW.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/hsz3OEH

Energy compacts garner $1.4 trillion to tackle global electricity and clean cooking crisis by 2030

This substantial financial pledge was highlighted in the third edition of the Energy Compacts Annual Progress Report, released at the EnergyNow SDG7 Action Forum held on the sidelines of the UN General Assembly.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/laomgJ3