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Socomec India appoints Meenu Singhal as new RMD
Meenu Singhal, a seasoned leader in Industrial automation, has assumed the role of Regional Managing Director w.e.f. 9th January 2023.
Hydrogen generation market to surpass US$ 273.63 billion by 2032
Increasing focus of many countries on the production of green hydrogen owing to its abundance availability in the earth’s crust is anticipated to propel sales.
Battery management system market worth $18.4 billion by 2028
The global battery management system (BMS) market is projected to grow from USD 7.8 billion in 2023 to USD 18.4 billion by 2028, at CAGR of 18.7% during the forecast period, according to a new report by MarketsandMarkets.
Hero Motors raises growth capital from private equity firm GEF Capital Partners
The automaker will use these funds to set up additional technology centers and expand its presence globally by opening new facilities to cater to its customers’ growing demands.
Schneider Electric appoints executive vice president for international operations
Schneider Electric, the global leader in digital transformation of energy management and automation, has appointed Manish Pant as the new Executive Vice-President for its International Operations, effective 1st November 2022.
PTC India concludes 23rd Annual General Meeting, adopts resolutions with shareholders confidence
All the five resolutions proposed by the company regarding Approval of the standalone / consolidated results, final dividend of INR 5.80 / equity share, re-appointment of Directors and appointment of nominee director of Ministry of Power were approved by the shareholders with an overwhelming majority.
3eco Systems and Log9 Materials collaborate to deploy 2000+ InstaChargeable S8Ci EVs
The vehicles’ deployments will be initiated from Bengaluru, Hyderabad and Chennai, and then extended to other metro cities.
NTPC and GE Power sign MoU to reduce carbon intensity from NTPC’s coal fired units
This is a first of a kind step for coal fleet decarbonization in the country. This partnership aims to demonstrate technologies for firing higher percentage of torrefied biomass in NTPC’s coal fired units, methanol firing and ammonia firing.
IREDA signs loan agreement with KFW to finance ‘Access to Clean Energy Projects’ meant for decentralized solar applications
The total sanctioned amount of the agreement is EUR 20 million. EESL has signed loan agreements from multilateral agency – ADB and bilateral agency – KfW, for Decentralized Solar and Electric Mobility.
7,66,478 EVs supported under Phase-II of FAME India Scheme, till 19th December, 2022
6315 e-buses sanctioned across 26 states/UT under the Scheme. 2877 charging stations in 68 cities across 25 states/UTs sanctioned under the scheme.
