India Hydrogen Alliance gets seven new industry members
New Delhi, Industry body India H2 Alliance on Tuesday said it has expanded its membership with seven new industry members. The India H2 Alliance is an industry coalition of global and Indian companies committed to the creation of a hydrogen value-chain and economy in India.

Most LNG import terminals in India underutilised

Most of India's liquefied natural gas (LNG) import terminals are deeply underutilised as capacities have expanded at a far faster pace than the domestic gas demand.

Assam CM calls on Union Minister for Petroleum & Natural Gas, discusses issues for transforming Assam into major energy hub

Assam Chief Minister, Himanta Biswa Sarma called on Union Minister for Petroleum & Natural Gas, Hardeep Singh Puri at Parliament House on Tuesday.

Hindalco plans INR 800 cr investment to set up battery foil manufacturing unit in Odisha
The company also plans to significantly expand its capacity of making fine-quality aluminium foil which is used in rechargeable batteries, Hindalco said in a statement.

Gold declines Rs 150 to Rs 61,900 per 10 grams
Gold declined Rs 150 to Rs 61,900 per 10 grams in the national capital on Tuesday amid a fall in precious metal prices internationally, according to HDFC Securities. The yellow metal had settled at Rs 62,050 per 10 grams in the previous trade.

NCLT defers matter; PC Jeweller & SBI exploring the possibility of settlement

Delhi-based jeweller PC Jeweller Ltd. and State Bank of India are exploring the possibility of settlement, the parties informed the National Company Law Tribunal on Tuesday.

Tamil Nadu Pollution Control Board issues directions to Chennai Petroleum Corporation Limited (CPCL) on Ennore Creek oil spillage
The Tamil Nadu Pollution Control Board issued certain directions to Chennai Petroleum Corporation Limited (CPCL) to identify hotspots in Buckingham Canal, Ennore Creek and adjoining areas where the oil deposits or oil slicks are stagnated and take necessary remedial measures on war footing basis.

India bought Russian oil at $84.2/bbl in October, highest since December
The average price of Russian oil delivered to top buyer India in October rose to $84.20 per barrel, way above the $60 price cap set by the Group of Seven nations in December last year, preliminary Indian government data showed.

Oil prices hold as investors still wary
New Delhi: Oil prices were steady on Monday as worries persisted around crude oversupply despite OPEC+ cuts and softer fuel demand growth next year.

Ethanol blending yields 509 cr litre petrol saving, INR 24,300 cr forex benefit in 2022-23: Govt
New Delhi: In a significant step towards energy self-sufficiency and agricultural support, Public Sector Oil Marketing Companies (OMCs) have saved approximately 509 crore litres of petrol, translating to over INR 24,300 crore in foreign exchange, during the Ethanol Supply Year (ESY) 2022-23 under the Ethanol Blended Petrol (EBP) Programme, said Minister of state for Petroleum and Natural Gas Rameswar Teli.

Macquarie Capital buys into India’s ChargeZone
Macquarie Capital, the investment arm of Australia's leading investor Macquarie Group has acquired a minority stake in ChargeZone, a leading Indian EV charging company, said a company release.

GreenH, Medha to build hydrogen production, refuelling station at Jind
GreenH Electrolysis (GreenH) on Monday announced signing an agreement with Medha Servo Drives Pvt Ltd (Medha) to build a hydrogen production and refuelling station at Jind in Haryana. Indian Railways has awarded a contract to Medha for a pilot project to retrofit diesel-electric multiple unit rake on the Sonipat-Jind section from diesel to a hydrogen-powered train, GreenH said in a statement.

Thermax arm wins INR 500 cr for setting up 5 bio-CNG plants
Energy and environment solutions provider Thermax Ltd on Tuesday said one of its subsidiaries has bagged an order worth more than INR 500 crore from a leading energy conglomerate to set up five bio-CNG plants across the country.

Coal India capex rises 7.6% on year so far in FY24
Coal India Ltd’s capital expenditure rose by 7.6% on year in the eight months of the ongoing financial year to Rs 10,492 Crores. The target of the company for the fiscal is Rs 16,500 crore.

Power sector imports 35 MT coal during Apr-Oct; 13.6 MT for blending: RK Singh
The domestic power sector imported 35.3 million tonnes (MT) of coal during the April-October period of the current fiscal, Parliament was informed on Tuesday.

Thermax betting big on renewable energies, clean solutions
Mumbai: Thermax Ltd is betting big on green and renewable energies as well as cleaner technologies for its traditional boiler business, as it enters a new phase of growth. The company is pouring in money into research and development and according to Managing Director Ashish Bhandari the aim is to take the R&D spend to about 2 per cent of its revenue from less than 1 per cent now. The R&D, which is scattered now among different businesses, will be consolidated, he said. The company showcased its innovative solutions at Thermax Fest in Pune.

Adani Group to invest $100 billion on shift to green energy over 10 years

The Adani Group will invest a total of $100 billion over the next ten years as it transitions to using green energy, with five of its group companies aiming to be net zero on carbon emissions by 2050.

₹11 lakh spent under Green Hydrogen Mission to date against ₹100 crore provision in FY24
 

Analysis | India, China providing more climate finance to other developing countries than rich nations
Some developing countries, including India, China and Brazil, contribute more climate-related finance through multilateral development banks than many countries in the Global North, according to an analysis by a U.K.-based website reporting on climate science and policy.