Tata Power, however, mentioned that its consolidated profit before exceptional item stood at Rs 259 crore, up 119 per cent, from Rs 118 crore in the previous year

In December 2018, ABB announced a $11-billion deal to sell its power grid business to Hitachi. In his first interview after the announcement, Ulrich Spiesshofer, President and former CEO of ABB Group, talks to Business Today's Rukmini Rao

FAME-II scheme will be implemented over a period of three years with effect from April 1, 2019.

The firm has also tied up with BSES Rajdhani Power Ltd to set up around 3,000 electric vehicle (EV) charging stations in Delhi.

The ministry has made amendments to MBBL 2016 and URDPFI Guidelines 2014, making provisions for establishing EV charging infrastructure.

The state electricity regulatory commissions will fix tariffs for electricity supply from distribution companies to the charging stations at a ceiling of 15% over the average cost of supply

The Centre is preparing a fresh policy for promoting EVs that will first look at creating favourable ecosystems in nine polluted cities with a population of over four million.

To initiate the process to set up charging stations at various locations in identified cities, public sector undertakings in the energy sector like NTPC, Power Grid Corp and Indian Oil are likely to come onboard.

Indian ride-hailing firm Ola's pilot project to test a fleet of electric vehicles in Nagpur was expected to herald a coming revolution in the Indian autos industry. So far, though, it has only exposed fractures in Prime Minister Narendra Modi's ambitions to make all new vehicles electric by 2030.