Swan Energy Results: Latest Quarterly Results & Analysis

As per media sources, BPCL and Coal India plans to jointly invest in a Rs 12,000 crores coal gasification project in Chandrapur district of eastern Maharashtra. Coal India and BPCL will hold 51% and 49% in the JV, respectively. The project will have debt to equity ratio of 70:30 or 65:35, with both the partners contributing equity commensurate with their shareholding.

Based on the findings of the study by CSIR - Neeri, Government is reassessing it's initiative that mandates coal-fired power plants to install flue gas desulphurisation (FGD) systems to reduce sulphur emmisions. Due to the high costs associated with foreign technology and unavailability of manpower, of 540 power stations required to implement FGD, only 8% have implemented FGDs. With the sulphur content at the Indian power plants at only 0.5% vs 0.5%-5% globally there is no advantage in installing FGD at Indian power plants. The study said coals high ash content was a bigger problem for power plants. The officials are considering deployment of locally manufactured electrostatic precipitators, which remove fine particles like dust and smoke from emissions. These cost approximately one-fifth of FGD systems.

As per DGTR (Department General of Trade Remedies), the government has initiated a probe into the imports of Non-Alloy and Alloy flat steel products into the country. This includes Hot rolled coils, sheets, and plates, HR plate mill, Cold Rolled (CR) coils and sheets, metallic coated steel coils and sheets, and colour coated coils and sheets. The period of investigation of steel imports is between 1st Oct’23 to 30th Sept’24. Moreover, the domestic steel manufacturers have sought imposition of safeguard measures for a period of 4 years.

In a press release, Steel Strips Wheels Limited (SSWL) has announced that it has received a nomination for a steel wheel supply contract from a leading European OEM, valued at approximately €15 million (~₹ 135 crore) over six years, with series supplies expected to begin by the end of calendar year 2026.

Bajaj Auto has officially launched the Chetak 35 series, an upgraded version of its classic electric scooter, in India on December 20. This new series consists of three models: Chetak 3501, 3502, and 3503. While maintaining the iconic look of the original Chetak, the updated models feature significant enhancements, including a 3.5 kWh battery mounted under the floorboard, which allows for increased storage space and improved ride comfort. The Chetak 3501 is priced at ₹1.27 lakh and the 3502 at ₹1.2 lakh (ex-showroom). A standout feature of the Chetak is its impressive range of 153 km on a single charge, with quick charging capabilities that allow it to reach 80% in just three hours. Additionally, the scooter boasts a robust metal body, a spacious 35 litres of boot space, and advanced features such as a smart touchscreen console, document storage, music playback, and geofencing technology for enhanced tracking. Bookings are open online and at Bajaj dealerships, with deliveries for the 3501-model starting in late December 2024 and for the 3502 in January 2025, accompanied by a warranty of three years or 50,000 km.

Ministry of Defence (MoD) has signed a contract with Larsen & Toubro (L&T) for procurement of 100 K9 VAJRA-T Self-Propelled Tracked Artillery Guns. The procurement of the 155 mm/52 calibre guns will catalyse the artillery modernization and enhance the overall operational readiness of the Indian Army. The total contract size is Rs 7,628.7 crore.