Govt, country leaders from 20 countries to be part of Indian Energy Storage Week
The IESW aims to bolster India's commitment to its net-zero emissions goal while enhancing the country's influence in the global markets for Energy Storage, EV, Clean Tech, and Green Hydrogen.

MNRE exempts SEZ, EOU-based renewable plants from ALMM for green hydrogen production
New Delhi: The ministry of new & renewable energy (MNRE) has issued a directive exempting renewable energy plants located within special economic zones (SEZs) or export oriented units (EOUs) from the approved list of models and manufacturers (ALMM) requirements, provided they exclusively supply power for green hydrogen production.

Tata Steel earmarks capex of Rs 17,000 crore for FY25
Tata Steel has guided for a capex of  Rs 17,000 crore for FY25, of which a large majority would be spent in India, including for the ongoing expansion at Kalinganagar. With many projects on track, the Tata Group firm is also expecting FY25 to be better than FY24, its CEO & MD T V Narendran said.

JSW Steel expects Rs 1,000 crore in revenue from JSW Magsure this year
Industrialist Sajjan Jindal-led JSW Steel has started commercial production of zinc-magnesium-aluminium alloy-coated steel, branded as JSW Magsure, and expects it to add another Rs 1,000 crore in revenue this year.The firm, which is the only Indian company to manufacture the product, intends to capture 50% domestic market share within a year and increase it to 75% in two years, JSW Steel coated business executive vice president Ashwani K Sharma said.

No better story than steel in reviving private capex: Tata Steel MD & CEO

Steel spot spreads have improved and the blast furnace relining in the Netherlands, which was dragging the performance, is complete. Do you expect a better Q1?

JSW Steel launches indigenous coated steel to reduce imports
 

JSW Steel invests ₹500 crore to set up 9 lakh tonne of Magsure capacity
JSW Steel has made an investment of ₹500 crore to set-up nine lakh tonne of highly corrosion resistant speciality steel -- JSW Magsure -- produced from its factory at Vasind and Vijayanagar in Maharashtra and Karnataka, respectively. The company said it targets to capture 50 per cent market share of steel supplied roof-mounted solar projects in the first year of operations while primarily targeting the solar projects being executed in India.

Oil dips on concerns about demand, US stockpiles data awaited
Oil prices eased on Thursday after resilient U.S. economic activity pointed to borrowing costs staying higher for longer in a potential blow to demand.

ONGC, EverEnviro form JV to set up 10 CBG plants
 

Peak power demand hits new high of 250 GW
India’s peak electricity demand touched a new high of 250 GW on Thursday as the temperatures rose across states, according to data provided by the power ministry.

Thermal plants fire up coal as capacity addition lags, private sector interest wanes
A growing demand-supply mismatch in the power market, triggered by a slowdown in the pace of new capacity addition of coal-fired power plants at a time when the lack of effective storage options to counterbalance the variability of the surging renewable capacities, has increased the pressure on the country’s grid managers. With soaring temperatures forcing power demand to surge, failure to augment baseload capacity is compounding problems posed by the variability of renewable energy.

NTPC Green IPO to fetch over `8,000 cr, says CMD
NTPC would seek to raise around “a billion dollars” – over `8,300 crore – at current exchange rate through the initial public offering (IPO) of its wholly-owned subsidiary NTPC Green Energy (NGEL), chairman and MD Gurdeep Singh told FE. The NGEL issue is scheduled to hit the market early in the second half of the current fiscal, Singh added.

Jindal Power to partner with Venezuelan state oil company: Report
India’s Jindal Power Ltd. will partner with Venezuela’s state oil company in a crude venture just months after securing a contract to run the country’s largest iron-ore complex, according to people familiar with the agreement.