Tags: COVID 19

Coronavirus Crisis: KEI Industries pledged Rs 2 crore to the PM Care Fund

The country’s wire and cable manufacturer, KEI Industries has pledged Rs 2 crore to the PM Care Fund supporting the call of fighting against the ongoing COVID-19 pandemic in India. The company recognizes the current situation in India and across the world is of grave concern and needs immediate action.  KEI has in the past risen […]

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Coronavirus Crisis: Power Finance Corporation contributes Rs 200 crore to “PM CARES Fund”

Power Finance Corporation Ltd (PFC), the leading NBFC in the power sector, has pledged to contribute Rs 200 crore to the “Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund” (PM-CARES Fund) to support the battle against COVID-19. Furthermore, PFC’s employees will voluntarily contribute a day’s salary to ‘PM-CARES Fund’ to further strengthen the […]

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Coronavirus Crisis: Battery supplier MOLL files for insolvency

The Akkumulatorenfabrik MOLL GmbH + Co KG has announced that it is forced by current developments to apply for the opening of insolvency proceedings after 75 years of operation. The sudden, massive, and permanent decline in sales caused by the Corona crisis leaves no other choice, said the company in a statement. The battery supplier […]

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COVID19 lockdown to impact electricity demand and discoms: Report

The nationwide lockdown is set to dent electricity demand by a fourth as economic activity sputters to a grinding halt, analysts from ICRA in a report said. They warned that this will impact discoms and power generating companies alike. Signs of the same are already visible, with domestic brokerage Emkay saying power demand declined by 22 […]

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Clean Energy Projects Get Huge Relief Amidst COVID 19: Dhir & Dhir Associates

The Indian solar industry is heavily dependent on imports for meeting its requirement of the solar modules and solar cells of which around 80 percent is sourced from a single country i.e. China and the remaining 15 percent is sourced from South-east Asian countries like Malaysia, Vietnam, Taiwan, Thailand, and South Korea.   The spread of […]

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COVID 19: Renewable Energy projects to get extension of time says MNRE Sec.

Renewable Energy projects under implementation will be given extension of time considering period of lockdown and time required for re-mobilisation of work force, Ministry of New and Renewable Energy (MNRE) Secretary Anand Kumar said. Kumar made the announcement through a tweet following Prime Minsiter Narendra Modi’s announcement for a complete lockdown across the country for […]

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COVID-19: Geneva car show cancelled, forces makers to rethink car launches

In a bid to contain coronavirus ( COVID – 19) Swiss authorities announced the cancellation of the Geneva car show on Friday. The announcement propelled the car makers scramble to reorganise press conferences and vehicle presentations. Switzerland on Friday banned large events that is expected to draw more than 1,000 people to try to curb […]

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