Govt to auction another 20 critical mineral blocks soon
New Delhi: The government plans to put up another 20-odd critical mineral blocks for auction in the next round by the end of June, Secretary of the Ministry of Mines VL Kantha Rao said on Monday.

Copper futures: Retain the longs
Copper futures (May expiry) on the Multi Commodity Exchange (MCX) by closing at ₹858 last Friday, posted fifth straight weekly gains. The uptrend appears steady, and the contract could rise more before it takes a U-turn. From the current level, the contract could touch ₹880. Note that ₹886 is the all-time high for copper futures in the domestic market which was made in March 2022. So, there is a good chance for participants to book some profits between ₹880 and ₹886, which can lead to a correction in price.

India's gems & jewellery exports decline to a three-year low in FY24

Oil prices steady on Hamas ceasefire talks
Oil prices were little changed on Monday as Israel-Hamas peace talks in Cairo tempered fears of a wider conflict in the Middle East, while U.S. inflation data dimmed the prospects of interest rate cuts anytime soon.

India’s natural gas consumption to surpass 64 BCM in 2024
New Delhi: Natural gas consumption in India is expected to grow by 7 per cent y-o-y to 64.35 billion cubic meters (BCM) in the current calendar year aided by lower prices and rising demand from power and industrial sectors. According to the International Energy Agency (IEA), India is expected to see an increase in LNG imports due to the decline in spot LNG prices in 2024. However, this growth could be tempered by the increase in domestic gas production from ONGC’s Krishna-Godavari field.  

Indian power plants on full steam riding crash in global coal prices
New Delhi : If there could be some degree of respite for the common folk during this year’s overheated summer, it might be fewer electricity outages. And they might want to thank China for that.

Amid govt's renewables push, coal-fired power plants hold their own
New Delhi : As India embarks on its ambitious energy transition goals, the government's heading in the opposite direction to meet the country's ravenous energy needs, with plans to set up six thermal power generation hubs with a cumulative capacity of 30 GW.

Envision Energy join hands with Hero Future Energies for boosting renewable energy sector
Envision Energy and Hero Future Energies have entered into a framework agreement aimed at advancing cooperation in the renewable energy sector. The agreement encompasses various aspects, including the supply of Wind Turbine Generators (WTGs), Battery Energy Storage Systems (BESS), and Green Hydrogen technologies.

PVV Infra announces 1:5 bonus

The company offers end-to-end EPC services and complete energy management solutions for installation of industrial, residential, commercial, and floating solar rooftop systems in India.

Serentica to invest up to Rs 30,000 cr by FY27
Serentica Renewables, part of Vedanta Group, is looking to invest up to `30,000 crore by FY27 in its projects, including the existing ones.

India may become 3rd largest market for utility-scale batteries by 2030: IEA
India is likely to become the world’s third-largest market for utility-scale batteries by 2030 with capacity additions projected to accelerate considerably over the next seven years to reach nearly 9 GW, supported by cost reductions, according to a report by IEA (International Energy Agency).