Solar power to become cheaper than coal
22/04/2017 , by in ALLIED

India’s solar power prices may be set to fall below those of thermal (coal) energy. This is based on an expected cost of around Rs2.90 per unit for the solar power projects at Bhadla in Rajasthan that have received 51 bids. This price is less than the average rate of power generated by the coal... Read more...

Construction work in Chennai hit
Apr 2017 , by in ALLIED

Sand prices have doubled in a month, giving nightmares to the realty sector. A cubic foot of river sand now costs between Rs70 and Rs80 against the Rs35 -Rs40 a few weeks ago. Manufactured sand (M Sand), an alternative to river sand, is sold at Rs60 per cubic foot. While closure of quarries and inc... Read more...

Wipro Lighting wins award
Apr 2017 , by in ALLIED

Wipro Lighting announced that it has won the Red Dot Award: Product Design 2017 for its lighting product – VERGE LED, in the product design category. VERGE LED is Wipro’s lighting product for modern work-spaces designed by the company’s industrial designer Prajakta Rokade. Anuj Dhir, Vic... Read more...

Green energy firms explore portfolio mergers
Apr 2017 , by in ALLIED

India’s clean energy project developers are in talks to merge their portfolios as part of a strategy to achieve scale for selling the assets to overseas investors scouting for large investment opportunities in the country. A case in point is Ravi Jhunjhunwala’s LNJ Bhilwara Group, which is in... Read more...

India Cements Q4 up by 14.4 per cent
Apr 2017 , by in ALLIED

KR Choksey has come out with its fourth quarter (January-March) earnings estimates for the Cement sector. The brokerage house expects India Cements to report net profit at 40.4 crore up 14.4% quarter-on-quarter. Net Sales are expected to increase by 4.7 percent Q-o-Q (up 1.5 percent Y-o-Y) to Rs ... Read more...

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