India attracts USD 6.1 bn FDI in renewable sector, boosting green power drive
New Delhi: India's renewable energy sector has attracted Foreign Direct Investment (FDI) of $6.1 billion from April 2020 to September 2023, Union minister for new & renewable energy and power R K Singh said in a written response to a question in the Rajya Sabha.

India urges G7 to delay ban on Russian diamonds as rules lack clarity
India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.

India's steel import to be elevated at 6MT in FY24 on strong demand: Crisil
India imported 4.26 MT finished steel in April- November 2023 and the import may touch 6 MT mark in the current fiscal mainly on account of strong domestic demand, according to a report by Crisil. The report comes at a time when steel players are registering strong concerns of surging imports.

Steel ministry seeks to tighten import control
India’s steel ministry, in a bid to control imports, especially from China, may consider setting up a quality testing lab at the JNPT port, off Mumbai.  Other safeguard measures mooted include reconsideration of the ‘lesser duty rule’, and imposition of tariff quotas on the lines of the European Union.   The ministry has also reached out to industry bodies and user industries seeking justification for such safeguard measures.  

Gold jumps Rs 300; silver rallies Rs 800
Gold price jumped Rs 300 to Rs 63,100 per 10 grams in the national capital on Wednesday amid strong cues in international markets, according to HDFC Securities. The precious metal had closed at Rs 62,800 per 10 grams in the previous trade.

EVRE to invest ₹200-250 crore to set up commercial EV charging hubs
Third-party B2B charging solution provider EVRE plans to invest ₹200-250 crore in setting up 800-1,000 commercial electric vehicle (EV) charging hubs in the next two years. Currently, it operates 120 charging hubs in eight cities. 

PNGRB invites bids for 875 Km natural gas pipeline connecting Ennore to Barshi
The Petroleum and Natural Gas Regulatory Board (PNGRB) has invited bids for laying an 875 km-long natural gas pipeline between Ennore in Tamil Nadu and Barshi in Maharashtra.

MSEDCL nod to power for 25EV charging stations
The Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has given its mandatory consent to provide power for the 25 proposed EV charging points at the new bus depot being set up by the Nashik Municipal Corporation (NMC) at Adgaon in Panchavati division.

Indian Gas Exchange (IGX) plans to introduce LNG contracts to boost distribution in unconnected areas
Indian Gas Exchange (IGX) is planning to offer liquefied natural gas (LNG) contracts on its platform, which will benefit buyers in areas that are not connected by pipelines, its CEO Rajesh Mediratta said.

Bharat Petroleum to invest ₹5,044 crore to set up polypropylene unit at Kochi refinery
Bharat Petroleum Corporation Ltd (BPCL), India’s leading oil and gas company, Wednesday said it has received the approval of a polypropylene unit project at its Kochi refinery in Kerala.

Supreme Petrochem resumes production at Chennai plant
Bengaluru: Supreme Petrochem Ltd has informed the stock exchanges that it has commenced production at its Chennai plant, which was disrupted due to floods caused by cyclone Michaung .

ONGC, Oil India poised for growth amid shifting oil dynamics
 

Uday A Kaole appointed chairman-cum-managing director of Coal India arm MCL
Uday A Kaole has assumed the charge of the Chairman-cum-Managing Director (CMD) of Coal India arm Mahanadi Coalfields Ltd (MCL). Prior to joining MCL as its CMD, Kaole was the Director (Technical) at Bharat Coking Coal Ltd (BCCL).

India expected to be surplus in coal production by FY26: Govt
New Delhi: The country is likely to be surplus in coal production by FY26, Parliament was informed on Wednesday. India may be surplus in coal production except for some high quality fossil fuel and coking coal needed for the steel industry and imported coal-based power plants.

Rashmi Group gets coal mining rights in WB
Kolkata: City-based business conglomerate Rashmi Group has bagged the first-ever private coal mining rights in West Bengal.

India's coal production to cross 1 bn tonnes in FY24: Coal and Mines Minister Pralhad Joshi
Coal and Mines Minister Pralhad Joshi on Wednesday expressed confidence that the country's coal production will cross one billion tonnes in the ongoing financial year. The country's production target of the fossil fuel for 2023-24 is 1,012.14 MT.

Use of imported coal by power sector to decline to 2% in FY25: Pralhad Joshi

He expressed confidence in India’s coal production efforts with a target to cross 1 billion tonnes of production of the critical fuel, the mainstay of India power generation sector, in the current financial year. The estimated demand of coal in the current fiscal year is around 1,196 million tonnes.

Gas demand from power sector to grow 30-40% y-o-y in FY24: IGX

Power consumption in India, which witnessed an all-time high peak power demand of 241 gigawatts (GW) on September 1, has grown by more than 20 per cent during August, September, October and November 2023.

JSW Energy arm to provide bank guarantee for availing loan of Rs 954 cr

Barmer Lignite Mining Company is a joint venture of JSW Energy (Barmer) Ltd and Rajasthan State Mines & Minerals Ltd. The JSW Energy arm holds 51 per cent stake in the JV.

Atal Jyoti Yojana: About 2.72 lakh solar street lights installed across India
About 2.72 lakh solar street lights were installed under two phases of the Atal Jyoti Yojana, stated R.K. Singh, the Union Minister of New and Renewable Energy, in a written reply to the Rajya Sabha during the winter session of the parliament. Delving into the details, the written reply stated that 1.35 Solar street lights were installed in the first phase, while 1.37 lakh street lights were installed in the second phase. 

Adani Green Energy announces incorporation of subsidiary Arasan Infra Two

The incorporated company has an authorised and paid-up capital of Rs 100,000. In a regulatory filing, Adani Green said the incorporation was completed on December 19.

Govt notifies rules for leasing of seabed to offshore wind power developers
The Ministry of External Affairs (MEA) on Monday notified rules for leasing the sea bed for offshore wind power projects with the lease being valid for 3 years for resource measurement, which can be further extended by an additional period for two years. For the construction and operation of offshore wind energy farms, the lease period will be for 35 years, which can be extended further on a case-to-case basis.

Denmark to end green energy scheme due to EU law conflict
Denmark will shut down the so-called "open door scheme" for new applications to install renewable energy projects over conflict with EU regulations, the Danish Climate, Energy and Utilities Ministry said on Tuesday.

Brazil to raise mandatory biodiesel mix, halt imports
Brazil will increase the country's mandatory biodiesel mix into diesel from early next year, bringing forward previously set blending targets, the country's energy policy council CNPE decided on Tuesday, also halting biofuel imports until further notice.