12 Gw pumped storage hydropower projects get govt's green signal
This marks the largest tranche of these new-tech energy storage projects to be approved in one go in the country. The clearance has been granted for eight projects, with an investment of Rs 81,981 crore, spread across five states, according to the notifications posted on the Parivesh portal of MoEFCC. 

Tata-owned Agratas in talks for green loan of up to USD 500 million
Agratas Energy Storage Solutions Pvt Ltd. is in talks with a group of banks to raise as much as USD 500 million via green loan, according to people familiar with the matter.

Cabinet approves Coal India power projects through JVs
Coal India's venture into power generation gets Cabinet approval

Jindal Stainless expects impact on exports in Q4 following continued slowdown in Europe, crisis in Red Sea
New Delhi: Jindal Stainless Ltd, India’s largest stainless steel player, has cut down export guidance following the Red Sea crisis, and prevailing demand slump in Europe and the US. From 15 per cent-odd, the company is now expecting exports to be in the range of 12-13 per cent of its turnover volumes. However, the full-year guidance has not been revised and the company is looking at a volume growth of 20 per cent in FY24, with EBITDA per tonne being in the range of ₹19,000-20,000, Abhyuday Jindal, Managing Director, told businessline.

Jindal Stainless Q3 net profit rises 34.5 per cent to Rs 691 crore
Jindal Stainless (JSL) has posted a 34.5% rise in consolidated net profit at Rs 691 crore for the third quarter ended December, beating Street estimates, mainly driven by growth in the domestic market.

Tata Steel to cut 3,000 jobs in Wales: source
Tata Steel to shut blast furnaces at Port Talbot plant, 3,000 jobs at risk

Steel products manufacturer Goodluck India raises Rs 200 crore via QIP

Its board on Wednesday approved the issue and allotment of 21,27,659 equity shares to Qualified Institutional Buyers (QIBs) at an issue price of Rs 940 per share at a premium of Rs 938 per share, aggregating to nearly Rs 200 crore, the company said in a statement.

Gold price falls Rs 330 to Rs 62,620, silver declines Rs 400 to Rs 75,500
The price of 22-carat gold slipped Rs 300, with the yellow metal selling at Rs 57,400.

OMC stocks recover off lows after OPEC's bullish demand forecast; BPCL up 3%, IOC, HPCL hit 52-week highs
Shares of Indian oil marketing companies (OMCs) recovered off lows and scored record-high levels on Thursday, January 18, a day after the the Organistation of Petroleum Exporting Countries (OPEC) provided a bullish demand growth forecast for oil markets, despite the ongoing geopolitical conflicts.

Union Minister Hardeep Puri discusses opportunities in India's Exploration and Production sector at WEF Davos
On the sidelines of the World Economic Forum in Davos, Union Minister for Petroleum and Natural Gas Hardep Puri met Vicki Hollub, President and CEO of Occidental Petroleum and discussed opportunities in India's Exploration and Production sector.

Oil prices rise on strong IEA and OPEC demand estimates
Oil prices rose on Thursday as the IEA joined producer group OPEC in forecasting relatively strong growth in global oil demand this year, with price impetus also coming from disruption to U.S. output and geopolitical risks in the Middle East.

Coal India to foray into critical minerals
In an ambitious move to diversify into critical mineral mining, Coal India Limited (CIL)is considering starting exploration and mining of lithium, a key element in India’s energy security strategy.

Equity investments of ₹5,607 cr by Coal India arms get CCEA nod
CCEA approves Rs 5,607 cr investments by Coal India in two power projects

India's Nuclear Power Corporation to commission new reactor every year
Source Credit: Nandini Singh, Business Standard

New Delhi: India's Nuclear Power Corporation of India Limited (NPCIL) is on a mission to commission a nuclear power reactor every year, Chairman and Managing Director BC Pathak said. In an interview with The Hindu, he also outlined the progress and future plans of the country's nuclear power sector.
 

Japan to help India cut power sector emissions
New Delhi : Japan International Cooperation Agency (JICA), the country’s development aid agency, is working with India on a roadmap to reduce carbon emissions in the power sector, Saito Mitsunori, the chief representative of the agency’s India Office said.

RACL Geartech invests ₹140 lakh in Sunsure Solarpark
Bengaluru: RACL Geartech Ltd has informed the exchange that its board has approved an investment of up to ₹140 lakh in the equity shares of Sunsure Solarpark Ten Pvt Ltd for captive solar power consumption.

Inox Wind appoints Akhil Jindal as Group CFO
Bengaluru: Inox Wind has appointed Akhil Jindal as its Group Chief Financial Officer. Akhil Jindal is an engineering graduate and an MBA from IIM Bangalore. He has over 30 years of experience in engineering, corporate finance, banking, strategy, mergers and acquisitions, and investor relations. Before Welspun, Jindal worked in S. Kumars, where he was in charge of the 400 MW Hydro Project in Madhya Pradesh, and completed multiple acquisitions, such as Reid & Tailor and Iwerks in Hollywood (USA).

Adani Green gets shareholders’ nod to raise ₹9,350 crore
Adani Green Energy, the renewable energy arm of Adani Group, got shareholders’ approval to raise ₹9,350 crore through issuance of preferential warrants to promoters with a whopping 99.9% majority.