$350 million raised by Samvardhana Motherson via bonds

MNRE Announces Green Hydrogen Incentive Guidelines

The Ministry of New and Renewable Energy (MNRE) has announced guidelines for disbursing incentives aimed at boosting green hydrogen production to 450,000 metric tons per annum under Component II of the Strategic Interventions for Green Hydrogen Transition (SIGHT) program. The SIGHT program is a critical element of India?s ?130.5 billion ($1.57 billion) National Green Hydrogen Mission, which aims to stimulate the growth of the green hydrogen sector from fiscal year 2025-26 to 2029-30. The program includes two components: Component I, which provides incentives for electrolyzer manufacturing with..

THDC India Seeks Consultants for Nationwide Floating Solar Projects

THDC India has announced a call for bids to empanel a technical consulting agency to prepare feasibility reports for floating solar power projects across various locations in India over the next three years. The ambitious initiative will span multiple states, including Uttarakhand, Uttar Pradesh, Chhattisgarh, Madhya Pradesh, Karnataka, Kerala, Rajasthan, and Maharashtra. Interested bidders must submit their proposals by August 5, 2024. The bids will be opened the following day. As part of the submission process, bidders are required to provide an earnest money deposit of ?86,000 (~$1,029). Th..

Congress Vows Gurugram-Manesar Metro Extension if Elected

In a recent conference with Congress workers, former Haryana Chief Minister Bhupinder Singh Hooda announced that if the Congress party wins the upcoming state assembly elections, they will extend the metro line from Gurugram to Manesar. Hooda emphasized Congress's previous successes, claiming they were responsible for bringing the Delhi Metro service to key cities in Haryana, including Gurugram, Faridabad, Ballabhgarh, and Bahadurgarh. Hooda criticized the current BJP government, stating that the metro expansion projects halted after they assumed power. He accused the BJP of neglecting the dev..