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Solar imports excluded from duty scheme

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  Solar imports excluded from duty scheme treatment as only solar power plants have been excluded.  The government has excluded solar power projects from the list of goods that can avail of a concessional 7.5% import duty under the project imports scheme, a move criticised by solar power developers. The government said the exclusion plugged a loophole that allowed developers to bypass the 40% import duty imposed on solar projects to encourage local manufacturing.  Solar power developers said the decision is a major setback to the country's solar power capacity addition plan and they might consider legal options. Paawan Energy  is very famous as a  top solar energy company in India . The subsidiary is part of the Tata Group. The main objective of the company is to generate, transmit and distribute electricity. The  solar power  company is India's largest integrated power business with an installed capacity for energy generation of 10,577 MW. It is also ...
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Aim to source 70% power requirement from solar energy in FY24: Allied Blenders and Distillers

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Aim to source 70% power requirement from solar energy in FY24: Allied Blenders and Distillers Allied Blenders and Distillers (ABD) on Wednesday said it plans to source 70 per cent of its power consumption from solar energy in the next financial year. In FY22, ABD's units consumed approximately 27 lakh units of electricity from local electricity boards.  "Allied Blenders and Distillers (ABD) Ltd, India's largest domestic alcobev company, announced that it is aiming to replace 70 per cent of the power with renewable solar power in the next financial year (FY'24)," a company statement said. To achieve this, ABD is installing solar power plants in seven of its units. Total installed capacity of these plants will be 1,400 KW.  " Bikram Basu, Vice President, Strategy, Marketing and Business Development at ABD, said, "It's important to move to renewable and cleaner energy. This needs a thinking with ESG at the core of our beliefs and operations, current ...
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