Kolkata-based Stone India Ltd said it will enter solar power projects through its recently created special purpose vehicle (SPV) called Stone Solar Pvt Ltd.
Stone Solar will set up a number of solar farms at rooftop locations and vacant lands. It has submitted its initial proposal of 1 MW plant at West Bengal for pre-registration under Jawaharlal Nehru National Solar Mission scheme.
On a medium term, in addition to setting up of such solar projects, Stone Solar will venture into manufacturing of photovoltaic module (PV) modules, grid connected converters as well as consulting & execution of turnkey projects, the company said in a regulatory filing.
On Wednesday, Stone India shares fell 2.6% to Rs63 on the Bombay Stock Exchange, while the Sensex ended at 0.3% down at 17,938 points.
Tata Power Ltd said it registered its Khandke Wind Farm in Maharashtra with the United Nations Framework Convention on Climate Change (UNFCCC) as a clean development mechanism (CDM) project.
The company’s 50.4MW Khandke Wind Farm was commissioned in December 2007.
The project is expected to earn 85,000 certified emission reductions (CERs) annually from UNFCCC, it said in a regulatory filing.
CDM is an instrument established under the Kyoto Protocol to achieve both sustainable development and contribute to the cost effective mitigation of climate change.
On Wednesday, Tata Power shares closed 0.1% up at Rs1,326 on the Bombay Stock Exchange, while the Sensex ended at 0.3% down at 17,938 points.
Engineering company GEI Industrial Systems Ltd said it won two orders, worth Rs64 crore, from the power sector for the supply of air cooled steam condensers.
The company will set up power plants for Ind-Barath Thermal Power Ltd at Tuticorin in Tamil Nadu. It will also set up a captive power plant for Shree Renuka Sugars Ltd at Gandhidham in Gujarat, it said in a regulatory filing.
On Wednesday, GEI shares closed 0.8% up at Rs132 on the Bombay Stock Exchange, while the Sensex ended at 0.3% down at 17,938 points.