The investment will cover manufacturing of ingots, and wafers
Oyster Renewable will develop a 48 MWp solar-wind hybrid project in Andhra Pradesh for MS Agarwal Foundries, generating an estimated 12.2 crore units annually and avoiding 86,620 tonnes of CO₂
The attacks followed recent Houthi advances along Yemen’s western coastline, including the capture of Perim Island at the entrance to the Red Sea
Brent crude futures rose $3.21, or 3.1 per cent, to $107.82 a barrel by 1218 GMT, after touching an intraday high of $108.65
Oil movements through the region have continued despite the conflict, but further attacks on tankers or infrastructure could increase the risk of more significant disruptions
Shipments from Asia, including India, are expected to total between 1.8 million and 2 million metric tonnes, equivalent to roughly 13.4 million to 14.9 million barrels, during August
Brent crude futures rose $2.11, or 2.40 per cent, to $90.20 a barrel, while US West Texas Intermediate (WTI) crude gained $1.89, or 2.27 per cent, to $85.30 a barrel
Brent crude futures fell 0.7 per cent to $87.24 a barrel in early trade, marking a fourth consecutive session of losses
Crude prices have risen more than 50 per cent this year as the six-month conflict between the US and Iran has disrupted shipments of crude oil and refined petroleum products from the Middle East
It will be Oyster Renewable’s third project in Gujarat
The project is being developed by KPI Green Energy under the IPP model and is backed by a long-term power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL)
The funds will primarily support the company’s growth plans, including acquisitions
The company has received a Rs 476 crore order from Vikran Engineering Limited for the supply of solar photovoltaic modules
Both benchmarks had settled more than $1 higher on Tuesday, reaching their highest closing levels since July 31
