Sterlite Power on Wednesday announced completion of merger of its arm Sterlite Power Grid Ventures Ltd with itself. Sterlite Power, a leading global power transmission player, has announced the completion of merger of its wholly-owned subsidiary Sterlite Power Grid Ventures Ltd with the parent entity, the company said in a statement. With this merger, the company further strengthens its position in the marketplace by integrating operations and streamlining the corporate structure, the statement added. After the merger, Sterlite Power has announced the audited annual results for the financial year 2019-20 recording outstanding growth in revenue and profit. The consolidated profit after tax jumped 280 per cent year-on year (y-o-y) at Rs 942 crore in the financial year 2019-20 (ended on March 31, 2020). Similarly, the consolidated revenue rose 44 per cent y-o-y at Rs 5,158 crore in 2019-20 (post merger).
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Germany’s Transition To Renewables, What Can India Pick Up?
A developing economy like India, though mainly agriculture based, can take lessons from success as well as failures of other countries, while executing its own energy agenda.
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India is sprinting towards renewable energy as bankable source for the near future. As per a paper published by NITI Ayog, India aims to achieve 175 gigawatts (GW) of its energy from renewables by 2022. Prime Minister, Narendra Modi reaffirmed India’s goal to achieve this target during U.N. New York Climate Week in September 2020. To achieve this goal, India must tread its paths carefully and take all the right steps.
Minister takes to task officials coming unprepared to KDP meeting
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Deputy Chief Minister and district in-charge Minister Govind Karjol chairing a meeting to review Karnataka Development Programmes at Mahatma Gandhi Hall at Gulbarga University in Kalaburagi on Friday.
Officials coming unprepared on subjects related to their department listed on the agenda of the quarterly review meeting of Karnataka Development Programmes (KDP) faced the ire of Deputy Chief Minister and Kalaburagi district in-charge Minister Govind Karjol here on Friday.
Questioning National Rural Drinking Water Project (NRDWP) officer Azizuddin about total mini water supply schemes, piped water supply schemes and hand pumps in the district, the Minister charged the officer with failing to provide details of defunct and working water schemes. The government had earmarked ₹ 1,757 lakh for 203 works, of which 172 works were completed by spending ₹ 1,116.24 lakh.
CM Shivraj told the officials what is the benefit of making schemes that do not reach the field naidunia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naidunia.com Daily Mail and Mail on Sunday newspapers.