Sterling Generators is optimistic about exports driving its overall business growth, according to Sanjay Jadhav, CEO, Sterling Generators Pvt Ltd.
Transmission line addition during the first five months (April to August) of ongoing fiscal year FY24 fell significantly short of target.
Power Grid Corporation of India Ltd is expected to commission 18 ISTS projects awarded under the regulated tariff mechanism (RTM) route, in the remaining period of this fiscal year.
RecycleKaro, engaged in lithium-ion battery recycling, has planned to set up a facility in Maharashtra to recycle scrap nickel.
The quantum of new transformation capacity added in the first four months of FY24 was less than half of the planned addition.
The first four months of FY24 saw hectic activity in the interstate TBCB power transmission space with as many as 11 new projects getting awarded.
According to latest statistics released by the National Smart Grid Mission (NGSM), contracts have been placed for a little over 20 per cent of the total consumer smart meters sanctioned under the Revamped Distribution Sector Scheme (RDSS), as of around July 14, 2023.
The total quantum of transmission line addition in Q1 of FY24 was just 54 per cent of the planned addition.
In a newly released draft paper, Central Electricity Authority (CEA) has recommended that re-conductoring of transmission lines of the interstate transmission system (ISTS) be carried out under the regulated tariff mechanism (RTM) route as opposed to the tariff-based competitive bidding (TBCB) mode.
The official target for transmission line addition in FY24 represents a 13.5 per cent growth over the actual achievement in FY23. However, the comparable growth in the case of transformation capacity (substations) is much lower at 2.9 per cent.