NEW DELHI (Reuters) – The central Indian state of Madhya Pradesh has secured India’s lowest-ever price for buying solar power backed by battery storage in a clean energy auction, a top state official said, in a deal that could reshape how states buy power. CEIGALL India and ACME Solar won the tenders to supply clean…
By Sethuraman N R (Reuters) -Indian billionaire Gautam Adani’s group will build and operate a $3 billion coal-fired power plant in Bihar state with a 2.4 gigawatt capacity, it said on Thursday, the biggest coal plant constructed in India via private investment in a decade. The first of three units at the plant will be…
(Reuters) -China’s Alibaba Group is likely to exit India’s Eternal in a block deal valued at 53.75 billion rupees ($613 million), CNBC-Awaaz reported on Wednesday, citing sources. Alibaba’s unit Antfin Singapore, which had a 2.08% stake in Eternal as of June-end, will offload all of it at a floor price of 285 rupees, the report…