What NTPC, GAIL and other govt entities doing under Green Hydrogen Mission
New Delhi: Various government-owned entities including NTPC and GAIL are taking a number of steps to aid the ambitious National Green Hydrogen Mission by setting up projects, Parliament was informed on Thursday. In January, the Centre approved the mission with an outlay of Rs 19,744 crore.

Adani family plans USD 1 bn investment in green energy arm
Billionaire Gautam Adani and his family plan to inject USD 1 billion into the conglomerate’s renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals while facing maturing bonds next year.

Vizag Steel Plant forges deal with JSPL for Rs 900 cr working capital
The Rashtriya Ispat Nigam Ltd, known as Vizag steel plant, has forged a deal with Jindal Steel and Power Ltd to get an infusion of working capital up to Rs 900 crore in a bid to propel sales revenue, monthly turnover and slash losses.

Hindustan Copper hits over 11-year high, surges 12% on stable outlook

The stock of the state-owned copper manufacturer was quoting at its highest level since November 2012. It had it a record high of Rs 658 on January 20, 2010.

Gold slips Rs 50; silver jumps Rs 600
Gold on Thursday slipped Rs 50 to Rs 63,050 per 10 grams in the national capital amid bearish trade in the overseas markets, according to HDFC Securities. In the previous close, the yellow metal had ended at Rs 63,100 per 10 grams.

Petrol & diesel prices decline in India, rise in neighbouring & western countries
While petrol and diesel prices in India have come down between November 2021 and November 2023, the prices of the two fuels went up in the neighbouring as well as advanced western countries, according to data released by the central government on Wednesday.

Swan Energy gets one-year extension to pay Reliance Naval dues
Mumbai: Swan Energy has received a one-year extension on payment of second tranche of ₹312 crore due to Reliance Naval and Engineering lenders. As per the Resolution Plan, the company was to pay the dues to the lenders on Saturday. However, NCLT has approved one-year extension for paying the dues along with applicable interest and the new deadline now will be December 23, 2024.

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.

Russia oil imports rise 44% in October
 

Oil companies installing charging infrastructure is good, but they should be at right points: Tata MD
The government is putting up charging infrastructure through oil marketing companies (OMCs) at various locations is good, but they should be at the right locations so that electric vehicle (EV) penetration can reach at a higher level, a top official at Tata Motors said on Thursday.

POWERGRID acquires two transmission projects in Rajasthan under TBCB process
Gurugram: Power Grid Corporation of India Limited (POWERGRID) has recently acquired two Project Special Purpose Vehicles (SPVs) viz. Ramgarh II Transmission Limited and Beawar Dausa Transmission Limited for the Transmission System Projects for evacuation of power from REZ in Rajasthan (20GW) under Phase-III, Part C1 and Part H respectively after competing with various private sector players and emerging as successful bidder in Tariff Based Competitive Bidding (TBCB) process. Ramgarh II Transmission Limited shall implement a Transmission System comprising of a new 765/400kV sub-station at Ramgarh along with STATCOM at Ramgarh, 765kV D/C Transmission Line and associated bays extension works at other existing Sub-station (Bhadla-III) in the state of Rajasthan. The sub-station and transmission line elements are to be commissioned in 18 months while the STATCOM is to be commissioned in 24 months. This Project shall facilitate evacuation of RE power of 2.9 GW from Ramgarh complex for onward dispersal of power to various beneficiaries on ISTS network.

Trying to bring normalcy at inundated solar project, under construction plant in Tamil Nadu: Thermax
Thermax on Thursday said the company is trying to restore normal functioning at a solar power project and an under construction plant of its step down subsidiary in Tamil Nadu which were inundated by floods. "Heavy rainfall and subsequent flooding in Tamil Nadu have led to inundation of the Solar Power Plant of our step down subsidiary, First Energy 4 Pvt Ltd and under construction plant of step down subsidiary, First Energy 6 Pvt Ltd located in Tamil Nadu," a BSE fling said.

Suzlon bags order from KP Group to develop 193.2-MW wind energy project in Gujarat
Renewable energy solutions provider Suzlon Group on Thursday said it secured a contract from KP Group to develop a 193.2-MW wind energy project in Gujarat. The new order for the development of a 193.2 MW wind power project for the KP Group will be part of wind-solar hybrid and STU's (State Transmission Utility) tariff-based project for increasing renewable energy contribution in Gujarat, Suzlon Group said in a statement.

Adani Green Energy plans to raise up to $1.5 billion via equity warrants, debt
Mumbai: Adani Green Energy plans to raise up to $1.5 billion in equity and debt to spend on expanding capacity, sources familiar with the plan said. In an exchange filing, the company said it would meet on December 26 to consider a proposal to raise funds through issue of equity shares or equity-related securities on a rights or preferential basis. It did not specify the amount. Sources indicated that it would raise up to $1 billion in the form of warrants convertible to equity and up to $500 million in the form of debt.

India's top solar panel maker Waaree to invest $1 billion in Texas factory
India's top solar panel maker Waaree Energies on Thursday said it would invest up to $1 billion to build a factory in Texas to take advantage of soaring U.S. demand for clean energy.

DRI initiates probe into parts imports by wind energy companies

New Delhi: The Directorate of Revenue Intelligence (DRI) has initiated a probe into imports of equipment by wind energy companies over possible misdeclaration and underpayment of customs duty, said people with knowledge of the matter.

Rajasthan and Andhra Pradesh have commissioned higher capacity under solar park scheme
Two states – Rajasthan and Andhra Pradesh – have deployed higher capacities through the solar park scheme. The Scheme for “Development of Solar Parks and Ultra Mega Solar Power Projects” was rolled out in December 2014 with an aggregate capacity of 20,000 MW. Further, the capacity of the Solar Park Scheme was enhanced to 40,000 MW in March 2017 to set up at least 50 Solar Parks. The timeline of the scheme is up to 2023-24.