On October 28, the Jammu and Kashmir government announced that the provision of 200 units of free electricity for poor households will be contingent upon the installation of rooftop solar panels. This initiative is part of the PM Surya Ghar: Muft Bijli Yojana, targeting Antyodaya Anna Yojana families. Approximately 2.22 lakh families have been identified […]
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 […]
Adani Energy Solutions Limited (AESL) reported a 16 per cent YoY increase in total income to Rs 13,793 crore in the first half of this fiscal (H1 FY26) and 6% YoY increase to Rs 6,767 crore in Q2 FY26. The company’s adjusted PAT in H1 FY26 increased by 42% YoY to Rs 1,096 crore, resulting […]
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 […]
SAEL Industries Ltd. (“SAEL”), an integrated renewable energy company, announced that it is expecting to procure ~20 lakh tonnes of paddy waste with the onset of the harvesting season this year and convert it into clean electricity through its fuel aggregator. This scale of paddy waste procurement addresses the pressing concerns of stubble burning and […]
A report by the Energy and Resources Institute (TERI) suggests that solar power combined with storage is more cost-effective than constructing new thermal plants for round-the-clock electricity supply. The study analysed the per-unit cost of meeting the demand of BSES Rajdhani Power Limited (BRPL) using solar power combined with battery energy storage systems (BESS) and […]
EIB Global has announced $60 million in the India Energy Transition Fund, a new greenfield infrastructure fund, aiming to attract $300 million in private investment for India’s sustainable energy sector. The fund, managed by EAAA Alternatives, will invest in renewable energy, energy efficiency, transmission, electric vehicles, and circular economy projects. The fund aims to channel […]
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 […]
India and the United Arab Emirates (UAE) have agreed to strengthen their Comprehensive Economic Partnership Agreement with a target of $100 billion for non-oil bilateral trade amid changing dynamics in world trade triggered by the sharp hike in US tariffs announced by US President Donald Trump. The issue was discussed at a meeting held by […]
Gujarat Chief Minister Bhupendra Patel met with Gurdeep Singh, Chairman and Managing Director of National Thermal Power Corporation (NTPC), in Gandhinagar on Wednesday and explored opportunities for collaboration in green and renewable energy projects. The discussions centred on expanding collaboration between the state and NTPC in mutually beneficial projects, particularly in the fields of renewable […]
