Govt plans long-term exemption for green hydrogen projects from its manufacturers shortlist for solar panels
New Delhi: The Ministry of New and Renewable Energy (MNRE), a key player in the Indian government’s decarbonisation goals, has proposed an exemption for green hydrogen developers from adhering to its list of authorised manufacturers to enable them to import solar PV modules and wind turbine models from China.

Mines ministry proposes new set of royalties for 12 critical minerals
New Delhi: The Mines Ministry plans to propose a new set of royalty rates across 12 recently identified critical minerals that include ones like beryllium, cadmium, tungsten, and cobalt, among others.

COP28: India silent on fossil fuels phase-down despite green push
Dubai: In a departure from its proactive efforts in Sharm El-Sheikh, India has been silent on the question on phasing out or down of fossil fuels at COP28.

Gautam Adani details green elements of Rs 7 lakh cr investment planned across verticals
Adani group will spend Rs 7 lakh crore in capital expenditure over the next 10 years and its billionaire chairman Gautam Adani has shared some details of the plans which will further consolidate the conglomerate's position as infrastructure leader in India.

Bimal Dayal appointed as CEO of Adani Infrastructure India
Adani Energy Solutions' transmission business chief Bimal Dayal has been appointed as the CEO of Adani Infrastructure India. Dayal will oversee the implementation of the pipeline of infrastructure projects in thermal, renewable energy and green hydrogen by Adani Infrastructure India, Adani Energy Solutions Ltd (AESL) said in a statement on Friday.

Can't phase out coal power until storage, tech viable: Power Ministry

New Delhi: Diverting focus away from reduction of emissions to singling out a particular fossil fuel like coal will undermine the fight for reduction of emissions, the power ministry said while giving its view on an initiative to phase out unabated coal to be proposed at COP28, said people with knowledge of the matter.

Jewellery recycling to touch 150 tn as gold prices soar
Mumbai: With gold prices testing new highs, jewellery recycling is all set to hit 100-150 tonnes this month against 80 tonnes logged last month. Gold prices have jumped ₹1,863 per 10 gram to close at ₹62,415 on Friday against ₹60,579 on November 7. It had hit a new high of ₹63,281 last Monday amid intense volatility on back of firm trend in the global markets on the expectations of US Fed cutting lending rates sooner than expected.

Nayara to start PP plant in first half of 2024
With wide applications in segments like packaging, automotive applications, consumer durables and lifestyle products, the demand for polypropylene (PP) is projected to rise.

RITES enters into pact with Oil India
Transport infrastructure consultancy and engineering firm RITES Ltd has signed a pact with Oil India Ltd to develop Duliajan Township in Assam as a mini smart city, according to an exchange filing. As part of the Memorandum of Understanding (MoU), RITES will undertake an extensive study, review the existing system and prepare a suitable, feasible design to develop the township which is managed and operated by Oil India.

As petroleum-free future looms, oil companies eye investing in renewables
Petroleum producers are looking for off-ramps to take them off the petrol and diesel highway and turn to renewable sources, both as a survival tactic in a world of petroleum-free transportation and as a gesture to the vociferous climate change chorus.

India working to prevent disruption of ethanol supplies for gasoline blending
India is working to ensure supplies of ethanol for blending with gasoline are not disrupted, government officials said on Friday, a day after curbs were placed on ethanol production from cane juice to boost sugar supplies.

BPCL, Tata Passenger Electric Mobility to setup 7,000 EV chargers
Bharat Petroleum Corporation (BPCL) and Tata Passenger Electric Mobility have signed an MoU, which will leverage BPCL’s widespread fuel stations network and TPEM’s insights from Tata EVs on the roads, to set up chargers at locations frequently visited by Tata EV owners. Additionally, BPCL will gather insights on charger usage to improve customer experience.

How OPEC+ saw its hold on global oil markets fray despite extra production cuts
The OPEC+ coalition’s grip on global oil markets is looking less secure by the day.

India's coal imports drop over 4% to 148 million in April-Octber period
India's coal imports dropped 4.2 per cent to 148.13 Million Tonnes (MT) in the April-October period of the ongoing financial year. The country's coal imports were 154.72 MT in the corresponding period of the previous fiscal.

Smart meters to aid Adani Energy, Tata Power in power purchase pacts
Power distribution companies like Adani Energy and Tata Power will expedite deployment of smart meters to bring greater operational efficiency by aligning power purchase with real time demand.

India's power consumption grows nearly 9 pc to 1,099.90 billion units in April-November
Power consumption has increased by nearly nine per cent to 1,099.90 billion units (BU) in the country during April-November this fiscal compared to the same period a year ago, showing a surge in economic activities. The power consumption in the country was 1,010.20 BU in April-November 2022-23, higher than 916.52 BU recorded in the same period of 2021-22.

IndiGrid raises INR 670 cr via institutional placement
New Delhi: Infrastructure investment trust IndiaGrid has raised USD 670 crore through institutional placement. IndiGrid, India's first publicly listed power sector Infrastructure Investment Trust (InvIT) has successfully raised USD 670 crore through an Institutional Placement process as laid out by SEBI, a statement said.

NCLAT stays CCI penalty on NTPC for non-disclosure on acquisition of Ratnagiri Gas & Power shares
New Delhi, The National Company Law Appellate Tribunal (NCLAT) has stayed a CCI order that imposed a penalty on state-owned power producer NTPC for not disclosing the acquisition of 35.47 per cent equity share capital in Ratnagiri Gas & Power Private Ltd. The Competition Commission of India on August 22, 2023, imposed a penalty of Rs 40 lakh on NTPC for non-disclosure of its acquisition of 35.47 per cent of the equity share capital in Ratnagiri Gas & Power Private Ltd (RGPPL).

Tata Power sixth group company to hit Rs 1 trillion m-cap
Mumbai: Tata Power has become the second infrastructure and sixth company from the Tata Group to achieve a market capitalisation exceeding ₹1 trillion (lakh crore). The stock, which witnessed a surge of over 56% in 2023, reached a market capitalisation exceeding ₹1 lakh crore on Friday.

Adani firm raises offer for Lanco Amarkantak Power for second time

Mumbai: Adani Power gave a revised, improved offer of ?4,100 crore to lenders of Lanco Amarkantak Power, the thermal power company undergoing insolvency proceedings, said people with knowledge of the matter.

Renewable energy capacity to reach 170 GW by March 2025 on moderation in module prices: Icra analyst
India will add another 38 gigawatt (GW) of renewable energy capacity by March 2025 to touch 170 GW-mark, aided by moderation in solar module prices, an Icra analyst said on Thursday. The country's installed renewable energy capacity was at 130 GW as of October 2023, Vikram V, Vice President & Sector Head - Corporate Ratings, Icra, said in a webinar.

Adani Group secures second global rank among large-scale solar PV developers
Chairman of AdGroup, Gautam Adani, expressed elation as Mercom Capital's recent rankings positioned the conglomerate as the second-largest global player among large-scale solar PV developers.

IndiGrid raises ₹670 crore via institutional placement
 

Toshiba, Rohm to invest USD 2.7 bn to jointly produce power chips
Toshiba and Rohm said on Friday they would invest 388.3 billion yen ($2.7 billion) to jointly produce power chips, the first collaboration since Rohm's participation in a $14 billion buyout of Toshiba.

EU condemns 'out of whack' OPEC attempt to block COP28 fossil fuel deal
The European Union's climate chief on Saturday heavily criticised an attempt by OPEC to derail a COP28 deal on phasing out fossil fuels, calling the move by the oil producers' club "unhelpful" and "out of whack".

COP28 clashes over fossil fuel phase-out after OPEC pushback
Some countries are resisting a proposed pledge to phase-out fossil fuels in a COP28 climate deal, jeopardising attempts for U.N. climate talks to deliver a hard commitment for the first time in 30 years on ending the use of oil and gas.

Sprott, HanETF launch copper miners ETF focused on lower carbon footprint
HanETF and Sprott Asset Management on Thursday jointly launched an exchange-traded fund in Europe that tracks copper miners with a lower carbon footprint, in what will be their third fund to be unveiled together in the last two years.

Endeavor Energy explores sale for as much as USD 30 bn -sources
Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin, the top U.S. oilfield, at between USD 25 billion and USD 30 billion, according to people familiar with the matter.