MC²+ IGNITE will support up to 30 deep-tech energy start-ups working on energy-transition technologies. The accelerator is co-hosted by IndianOil, Venture Center and CSIR-National Chemical Laboratory (CSIR-NCL). Each selected start-up can receive up to Rs 50 lakh in convertible funding. Top-performing ventures could receive an additional Rs 1.5 crore at Demo Day. This takes the […]
India’s Petroleum Minister Hardeep Singh Puri announced that India’s oil refining capacity is expected to rise from 258 MMTPA to around 310 MMTPA by 2030, with long-term goals of reaching 400-450 MMTPA, positioning India as a global refining hub. He highlighted that 20% of existing global refining capacity may close by 2035, creating an opportunity […]
Coal India Limited (CIL) has signed a memorandum of understanding (MoU) with the Indian Institute of Technology Madras to establish the Centre for Sustainable Energy. The Centre will serve as a hub for R&D and capacity-building initiatives in sustainable energy technologies, focusing on developing solutions for repurposing coal mines, creating low-carbon technologies, and reimagining coal […]
Indian Renewable Energy Development Agency Limited (IREDA) reported a 41% increase in Q2 net profit to Rs 549 crore for Q2 FY26, compared to Rs 388 crore in Q2 FY25. The largest pure-play green financing NBFC in India, IREDA, recorded a 26% increase in revenue from operations to Rs 2,057 crore. Loan sanctions for the […]
Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and India’s leading NBFC in the power sector, has signed a loan agreement of EUR 150 million, with KfW on 21st August 2025. KfW is Germany’s largest promotional bank and is committed to improving economic, social and environmental conditions across the globe on behalf of the Federal […]
Hindustan Petroleum Corporation Limited (HPCL), one of India’s largest integrated oil refining and marketing company, has signed a Heads of Agreement (HOA) with Abu Dhabi Gas Liquefaction Company (ALNG) a subsidiary of ADNOC Gas for procurement of Liquefied Natural Gas (LNG) for a 10-year term. ADNOC Gas is a world-class, large-scale integrated gas processing […]
Amaravati, July 22 (IANS) The Green Hydrogen Valley proposed by the government of Andhra Pradesh aspires to become India’s green hydrogen capital by 2030, promoting the country’s largest eco-system for production of green hydrogen and its derivatives in partnership with industry and academia. It also aims to accelerate domestic R and D and capacity building in […]
