Siemens' India arm to list energy business into separate entity
Shareholders of Siemens Ltd will receive one share of Siemens Energy India for every share held, the company said.
Shareholders of Siemens Ltd will receive one share of Siemens Energy India for every share held, the company said.
President Paudel said that the installed electricity generation capacity of the country has reached 3,940 MW and 98 per cent of the people have access to electricity.
he company, which follows October-September financial year, had logged a profit after tax (PAT) of Rs 516 crore in the year-ago quarter, Siemens said in a statement.
The India Pavilion, set up by the Ministry of New and Renewable Energy is said to be one of the largest pavilions at the Summit.
Cairn's Reserve plus Resource additions have surpassed production, resulting in a Resource Replacement Ratio (RRR) of 533 per cent, a five-fold increase from the previous fiscal year's RRR of 108 per cent.
Coal import in March FY24 also rose to 23.96 MT, over 21.12 MT in the corresponding month of the previous fiscal.
The drop in Indian cane production due to the global climate phenomenon El Niño led to a halt in ethanol production from syrup and BHM from mid-December 2023.
A peak shortage of 14 GW is forecast in June during nighttime hours, when solar capacity is offline, the Central Electricity Authority, the country's planning body for the power sector, told Reuters in a statement.
"I am confident that in the coming 2-2.5 years India will be able to make its own carbon fibre T100 which can be used in manufacturing of hydrogen cylinders, missiles, launch vehicles, aircraft, bullet proof jackets and construction of bridges.
Addressing an election rally in support of BJP leader and Union minister Giriraj Singh in Begusarai, Gadkari said, "India imports fossil fuel every year... soon, our farmers will produce green fuels."
Solar maintained its status as the world’s fastest-growing electricity source for the nineteenth consecutive year, adding more than twice as much new electricity worldwide as coal in 2023.