India only country where petrol, diesel prices declined in last three years: Hardeep Singh Puri
 

Customs duty cut on silver likely to give Centre breather for now
The steep cut in Customs duty on silver in the FY25 Budget to 6 per cent from 15 per cent may provide the government temporary relief by checking the spurt in silver imports from the United Arab Emirates (UAE) under the Comprehensive Economic Partnership Agreement (CEPA).

Vedanta Nico signs pact for supplying nickel to US-based AEsir Technologies
The global demand for nickel in batteries is projected to reach 500,000 tonnes by 2025 from 150,000 tonnes in 2020 due to the expanding EV market adoption.

Hindustan Zinc to focus on batteries for energy transition
Hindustan Zinc to explore avenues of zinc applications in batteries: Hebbar

OVL seeks US exemption for its oil-for-dividends Venezuela plan
ONGC Videsh Ltd (OVL) has sought waiver from US sanctions to take possession of oil cargoes that Venezuela has promised in lieu of dividends worth $600 million, two people familiar with the matter said.

HPCL’s Q1 FY25 net profit plummets 91%, gross refining margin declines
On a sequential basis, the net profit of the oil marketing company (OMC) was down by 77 per cent. HPCL’s consolidated total income during the April-June quarter this fiscal year stood at around ₹1.22 lakh crore compared to roughly ₹1.22 lakh crore in Q4 FY24 and ₹1.20 lakh crore in Q1 FY24.

No plan to mandate blending of ethanol with diesel: Govt
Elaborating further, the minister said the reason is that oil marketing companies have tested up to 7% of ethanol in diesel in collaboration with the Automotive Research Association of India and select original equipment manufacturers.

Adani Total Gas Q1 results: PAT up 15% to Rs 172 cr on strong CNG demand
Bengaluru: Adani Total Gas reported a jump in first-quarter profit on Monday, helped by strong demand for the cleaner-burning compressed natural gas (CNG), sending its shares 2% higher.

Power company CESC acquires 64% stake in Purvah Green Power for Rs 205 cr
New Delhi: Power company CESC Ltd on Monday said it has acquired 63.91 per cent equity shares in Purvah Green Power for Rs 205 crore.

Adani Energy Solutions likely to divest Dahanu unit to Adani Power

The move is in line with past asset sales within group entities.

Serentica Renewables aims to add 2 GW capacity in FY25
Serentica Renewables, part of Vedanta Group, plans to add close to 2 giga watt (GW) capacity in FY25 with its capex target set at Rs 15,000 crore for the fiscal year. The company currently has 4 GW capacity under construction and aims to sign power purchase agreements for another 4 GW capacity in the next two quarters,  CEO Akshay Hiranandani told Arunima Bharadwaj in an interview. Serentica is  seeking  a tie-up for an energy storage project and intends to enter the green hydrogen segment in some time. With  Rs 5,000 crore to be arranged from a private equity investor and around Rs 18,000-20,000 crore by way of bank debt, the company is confident of financing the Rs 25,000 crore Capex for the 4 GW capacity under execution. On the plan to raise an additional $300 million via sale of minority stake, Hiranandani said this would be done at the right time.

Gruner Renewable Energy secures $60 million to expand CBG projects
New Delhi: Gruner Renewable Energy said on Monday that it has secured $60 million in funding, which will enable the company to further expand its presence in the green energy domain as it moves ahead to establish new compressed biogas (CBG) plants across the country. The company is committed to enhancing its research and development (R&D) efforts as it aims to make substantial contributions toward Prime Minister Narendra Modi’s vision of energy independence and sustainability for India.