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India Needs Annual Investments of INR 3 Trillion to Achieve 440GW RE Capacity by 2030

wirecableSeptember 26, 2024September 26, 2024

September 26, 2024September 26, 2024

As per ICRA Limited, in order to achieve an installed renewable energy capacity of 440 GW by 2030, India will need investments of more than INR 3 lakh crore for the next five-six years. Sep 23, 2024 India will need annual investments exceeding INR 3 trillion to achieve an installed......

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ICRA Revises Steel Industry Outlook to Negative, Estimates Demand Fall by 20 Percent in FY21

wirecableMay 21, 2020May 21, 2020

May 21, 2020May 21, 2020

According to official data, India consumed 100 million tonnes of steel during financial year ended March 2020. May 19, 2020 Rating agency ICRA has revised steel industry outlook to negative from stable as back-to-back extensions of lockdown is likely to result in a severe steel demand slowdown which is estimated......

Subsidies for power distribution companies to rise to Rs 60,000 crore

wirecableSeptember 19, 2013April 28, 2016

September 19, 2013April 28, 2016

August 28, 2013 Subsidies for state-run power distribution companies are projected to rise to Rs 60,000 crore by the end of this fiscal even after benefits from financial restructuring, says a research report. Besides, the power sector remains increasingly vulnerable to both the rupee-dollar exchange rate and international coal prices......