JSW Energy raises INR 5,000 crore from Abu Dhabi Investment Authority, others
New Delhi: JSW Energy Limited has raised INR 5,000 crore by selling shares to institutional investors, including Abu Dhabi Investment Authority (ADIA), to accelerate its growth plans. In a regulatory filing on Friday, the company informed that it has successfully completed its INR 5,000-crore Qualified Institutions Placement (QIP).

Adani to invest INR 2.3 lakh crore in renewable energy, manufacturing capacity
Adani Group will invest about INR 2.3 lakh crore through 2030 in India's most ambitious renewable energy expansion and solar and wind manufacturing capacity addition ever as it shrugs off a short-seller attack to pursue its trademark rapid growth plans. Adani Green Energy Ltd, India's largest renewable energy company, will invest about INR 1.5 lakh crore in expanding capacity to generate electricity from solar energy and wind power at Khavda in Gujarat's Kutch to 30 gigawatts from 2 GW currently and another INR 50,000 crore in 6-7 GW of similar projects elsewhere in the country, a top company official said.

Adani New Industries Ltd (ANIL), a unit in the group's flagship Adani Enterprises Ltd, will invest close to INR 30,000 crore in expanding solar cell and wind turbine manufacturing capacity at Mundra in Gujarat.

Blackrock, ADIA, domestic funds hike stake in Vedanta
 

Tata Steel FY24 sales jump 6% on strong auto, rail demand
Tata Steel India has announced that its FY24 sales increased by 6% to 19.90 million tonnes (MT), mostly due to increased demand from the retail, automotive, and railway sectors. Tata Steel said in a statement on Saturday that the business produced 18.85 MT of steel in India during the previous fiscal year, 2022–2023.

Tata Steel to stop operations of coke ovens at Port Talbot plant

In a regulatory filing, the company said the decision followed a deterioration of operational stability. Tata Steel UK will increase imports of coke to offset the impact of the coke oven closures.

Vedanta Aluminium expands alumina refining capacity
 

Gold price slips Rs 10 to Rs 71,280, silver falls Rs 100 to Rs 83,400
Source Credit: Business Standard

The price of 24-carat gold slipped Rs 10 in early trade on Monday, with ten grams of the precious metal trading at Rs 71,280, according to the GoodReturns website. The price of silver declined Rs 100, with one kilogram of the precious metal selling at Rs 83,400.
 

OMCs to post strong earnings in Q4; concern over Q1
State-owned oil marketing companies (OMCs) are expected to show improvement in EBITDA and net profits in the last quarter of the financial year 2023-24 on a sequential basis, analysts say. The improvement in earnings will be driven by healthy gross refining margins and better diesel marketing margins.

DS Group sets up solar-powered EV charging stations for employees
Dharampal Satyapal Group (DS Group), a multi-business corporation and a leading FMCG conglomerate announced the installation of electric vehicle (EV) charging stations powered by solar energy in the open parking area at its headquarters in Noida.

Former Gazprom unit rejects GAIL demand for compensation of $1.8 billion

In a stock exchange filing, GAIL said SEFE Marketing Trading Singapore Pte Ltd has stated that it does not owe anything other than the defaulted cargoes.

NTPC aims for 40 MMT coal production in FY25
New Delhi: State-owned power giant NTPC, on Sunday, said it has set a 40 million metric tonnes (MMT) coal production target from its captive mines for 2024-25. The target will help NTPC achieve a 17 per cent y-o-y growth in captive coal production, the company statement said. The company has achieved a coal despatch of 34.15 MMT, and the production stood at 34.38 MMT at the end of March 31, 2024.

India's coal import rises 13% in February
New Delhi: India's coal import rose by 13% to 21.64 million tonnes (MT) in February as some buyers took fresh positions to replenish stocks ahead of summer, according to online marketplace mjunction. The country's coal import was 19.15 MT in the corresponding month of FY23.

NTPC targets 17% growth in coal production by FY25
On Sunday, National Thermal Power Corporation (NTPC) announced that it has established a 40 million metric tonnes (MMT) production target for coal production from its owned mines by 2024–2025. According to an NTPC statement, the ambitious goal will assist NTPC in achieving a notable 17% annual growth in captive coal output.

AGEL to invest $5 bn on expanding RE capacity at Khavda by 2026
Ahmedabad: Adani Green Energy (AGEL) will invest around ₹41,400 crore, or roughly $5 billion, in expanding the solar and wind power capacities at its flagship renewable energy (RE) park in Gujarat by 2026. The renewables arm of the mining-to-energy Adani Group is setting up the world’s largest RE plant with 30 gigawatt (GW) of renewables capacity by 2030 near Khavda village in Kutch district.

Adani to invest Rs 2.3 trillion in renewable energy, manufacturing capacity
Adani Green Energy Ltd, India's largest renewable energy company, will invest about Rs 1.5 trillion in expanding capacity to generate electricity from solar energy and wind power at Khavda in Gujarat's Kutch to 30 gigawatts from 2 GW currently and another Rs 50,000 crore in 6-7 GW of similar projects elsewhere in the country, a top company official said.

Adani begins commercial output of wafers, ingots for solar power
Adani begins commercial output of wafers and ingots for solar power
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https://www.livemint.com/industry/energy/adani-begins-commercial-output-of-wafers-and-ingots-for-solar-power-china-solar-imports-gujarat-11712495913584.html