Latest news with #EESL
New Indian Express
2 days ago
- Business
- New Indian Express
Hyberabad Minister Ponnam Prabhakar reviews Hyderabad's monsoon readiness
HYDERABAD: Hyderabad in-charge Minister Ponnam Prabhakar on Wednesday said that the state government would take necessary steps to ensure that residents of the city do not face difficulties due to ongoing rainfall. Prabhakar held a review meeting with Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) managing director K Ashok Reddy and senior officials at the Water Board office in Khairatabad. The meeting focused on the 90-day monsoon plan and ongoing project works. Prabhakar directed officials, from directors to field staff to remain alert during the monsoon season, particularly regarding drinking water supply and sewage management. Stating that GHMC and the Board have identified 146 waterlogging points for regular monitoring, he instructed officials to prevent sewage overflow and ensure the use of residual chlorine to avoid contamination. The minister said notices had been issued to 16,000 residents to construct Rain Water Harvesting Structure (RWHS) pits. He urged those owning properties above 300 square yards within ORR limits to comply. He reviewed the Water Board's financial condition, suggesting measures to boost revenue, curb water wastage and leakages, and take action against illegal sewage connections. Fresh tenders for streetlights maintenance Hyderabad: The GHMC Standing Committee has unanimously approved the call for fresh tenders to maintain 5.42 lakh LED streetlights across the city. Until a new agency is finalised, GHMC's Zonal Commissioners will oversee maintenance, procurement and repairs. Following the expiry of its contract with M/s Energy Efficiency Services Limited (EESL) last month, the GHMC Electrical Wing had placed two proposals before the committee: renewing the EESL contract under revised terms or inviting new tenders
Hans India
2 days ago
- Business
- Hans India
GHMC calls for fresh tenders on street light maintenance
Hyderabad: The Greater Hyderabad Municipal Corporation (GHMC) standing committee, on Wednesday, has unanimously approved calling for fresh tenders for the comprehensive maintenance of LED street lights across the city. The decision was taken during a special committee meeting held at the GHMC head office. The meeting was chaired by Mayor Gadwal Vijayalakshmi. With the expiry of the existing contract with Energy Efficiency Services Limited (EESL), the GHMC electrical department presented two proposals before the committee – either to renew the contract with EESL under revised terms or to call for new tenders through a transparent bidding process for the comprehensive operation and maintenance contract. After detailed discussions, including a presentation by electrical engineer Venugopal Reddy outlining the shortcomings in EESL's previous service and the improvements proposed in the new tender, the committee opted for the latter. The new proposed tender will cover all the terms and condition which covers all the drawbacks and include phased replacement of existing lights, installation of new LED street lights, CCMS (Centralized Control and Monitoring System) boxes, and comprehensive maintenance of the entire street lighting infrastructure. Mayor Vijayalakshmi emphasised the need to ensure uninterrupted street lighting services in the interim and directed zonal commissioners to oversee maintenance until the new agency is on-boarded.
The Hindu
3 days ago
- Business
- The Hindu
GHMC panel against renewing agreement with EESL for LED streetlights' maintenance
A special GHMC standing committee meeting convened by Mayor Gadwal Vijayalakshmi unanimously decided to go for fresh tenders for the maintenance of streetlights, which has been a chronic issue in the city for several years, since the LED lamps were installed. Two options were placed before the standing committee by the Electrical wing of the GHMC, one to revive the agreement with certain modifications with the Energy Efficiency Services Limited (EESL) for streetlight maintenance, and the second to select a new agency for comprehensive operation and maintenance of streetlighting. Additional Commissioner Venugopal Reddy explained the maintenance gaps of EESL and the modifications proposed in the agreement, along with the stipulations of the new tenders, which are said to plug all the loopholes, and ensure phase-wise replacement of all bulbs, installation of new lamps and CCMS boxes, and maintenance of the infrastructure. With the committee unanimously voting for the second option, Ms. Vijayalakshmi instructed the zonal commissioners to ensure purchases and maintenance of streetlights till the new agency takes over. The agreement with EESL for installation and maintenance of LED streetlights has come to an end this month, after seven years of turbulent journey full of complaints about non-functioning streetlights.
The Hindu
18-05-2025
- Business
- The Hindu
How ceiling fans could aid in mitigating climate change?
Ceiling fans are a staple in almost every Indian home, but most of them are shockingly inefficient. In this episode of The Climate Economy, host Kunal Shankar uncovers how replacing conventional fans with energy-efficient BLDC (Brushless Direct Current) models could save up to 15% on individual electricity bills and slash India's national power demand by nearly 5%. To understand the issue better, we speak with Vishal Kapoor, CEO of Energy Efficiency Services Limited (EESL), about the massive untapped potential of fan replacement, the behavioural and market barriers holding consumers back, and how smarter policies, subsidies, and innovations like IoT-enabled fans could change the game. This episode dives into the intersection of everyday appliances, climate goals, and economic opportunity. Host: Kunal Shankar Editing: Aniket SIngh Chauhan Camera: Johan Sathyadas, Sabika Syed and Vishnoo Jotshi
The Print
08-05-2025
- Business
- The Print
Exide to fund EESL capex through internal accruals amid operational cashflow dip in FY25
Receivables rose to Rs 314 crore from just Rs 13 crore in FY24, while inventory levels more than doubled to Rs 578 crore, exerting pressure on working capital. The company reported cash flow of Rs 1,297.9 crore from operations in FY25, down from Rs 1,996.5 crore a year ago, largely due to a sharp rise in receivables and inventory, the official said. Kolkata, May 8 (PTI) Battery major Exide Industries will rely predominantly on internal accruals to fund the remaining capex for Phase I of its lithium-ion cell manufacturing venture, even as its cash flow from operations dipped in FY25, a company official said. 'The cash flow generation for FY25 was in line with expectations and has lowered mainly due to an increase in working capital, which we look at bringing back to an optimal level in the next 3–6 months. The operating cash flow (pre-working capital movement) in FY25 was, in fact, better than FY24 by approximately Rs 55 crore,' the Exide official told PTI, declining to be quoted. Exide, which invested around Rs 1,000 crore in its wholly owned subsidiary Exide Energy Solutions Ltd (EESL) during FY25, has infused an additional Rs 300 crore in April 2025. This takes the total equity investment in EESL to Rs 3,602.23 crore, including amounts infused in the erstwhile merged entity EEPL, the official said. Exide estimates a capex of Rs 5,000 crore in the first phase of the project that is slated to be commercialised in FY'26. The company said its lithium cell manufacturing project is progressing steadily, with construction and equipment installation nearing completion. To fund the remaining capex of around Rs 1,400 crore for Phase I, Exide will invest an additional Rs 1,200 crore into EESL through internal accruals. 'Exide in April decided to further invest up to Rs 1,200 crore in the equity capital of EESL. This will be done, in one or more tranches, through internal generation, and the rest of the requirement will be met by EESL through bridge loans 'from time to time', the spokesperson said. 'As of now, we do not see the need for borrowing except for some bridge loans by EESL,' the company stated on whether it will resort to debt after the fall in operating cash flows. Exide is a debt-free storage battery major. During the January–March quarter, Exide's EBITDA margin moderated, primarily due to rising input costs, including a sharp spike in antimony prices. Sequentially, EBITDA rose 4 per cent. For the full fiscal year, EBITDA and profit-before-tax margins stood at 11.4 per cent and 8.7 per cent, respectively, compared to 11.7 per cent and 8.8 per cent a year ago. Despite muted OEM and industrial demand, the company saw double-digit growth in the auto replacement, industrial UPS, and solar verticals, and expanded its presence in international markets. Exide expects a pickup in demand going forward and aims to commercialise operations of the lithium cell project in FY26. PTI BSM RG This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
