Karnataka’s first gas based power plant in Yelahanka expected to produce 370 MW
Bengaluru: Karnataka’s first gas-based power plant, Yelahanka Combined Cycle Power Plant (YCCPP) was inaugurated on Tuesday. The new plant is expected to generate 370.05 GW and was built at an estimated cost of ₹2500 crore.

Fire mishap in Visakhapatnam Steel Plant
One employee sustained severe burn injuries in a fire mishap in Visakhapatnam Steel Plant on Tuesday.

NMDC’s strong market position provides buffer against price volatility: CMD Amitava Mukherjee
New Delhi: State-owned NMDC, the country’s largest iron ore merchant miner, will invest ₹2,200 crore in FY25 on setting up a slurry pipeline and new processing plants. The investment comes in the backdrop of the company’s 100 million tonne (mt) production target by 2030. 

Indian steelmakers urge government for protective measures against rising Chinese imports
New Delhi, September 24 India’s steelmakers have written to Finance Minister Nirmala Sitharaman, seeking safeguards for their committed investments and protection against predatory-priced imports from China. Citing global examples, the steelmakers are seeking trade actions such as anti-dumping duties, import tariff increase, among others, similar to measures taken by the US, Canada, LatAm nations and Europe.

Aluminium futures: Resistance holds, retain short trade
Aluminium futures (September series) on the Multi Commodity Exchange (MCX) has been charting a sideways trend over the past few sessions. The chart shows that the contract is facing a stiff resistance at ₹234. This is the barrier which capped the rally that began at ₹218 two weeks ago. In order to establish another leg of rally, aluminium futures ought to break out of ₹234. If such a move occurs, the contract can rise to ₹242. Resistance above ₹242 is at ₹250.

India's power sector has potential of INR 40 trillion investment over next decade: Motilal Oswal
Power sector in India holds investment opportunities estimated upwards of INR 40 trillion over the next decade, brokerage Motilal Oswal asserted in a report.

L&T bags mega order to build advanced grid systems in Middle East
Larsen and Toubro (L&T) on Tuesday announced that its Power Transmission & Distribution (PT&D) vertical has bagged new orders in the Middle East for expanding and strengthening the electricity grids at high voltage levels. 

Execution pickup likely to translate into further gains for BHEL's stock
As the only EPC major in the thermal projects space, Bharat Heavy Electricals (BHEL) has a growing order book. There’s an estimated 15 gigawatt (GW) of thermal capacity under tendering, and 30GW at the clearances stage. Given improved execution, BHEL could improve profitability from the third quarter of financial year 2025 (Q3FY25) and deliver annual growth of 34 per cent in revenues and 150 per cent in operating profit over FY24-26. Despite the green focus, the government is aiming to add 93GW of thermal power capacity and BHEL is the only bidder across all tenders. Other prospective bidders like L&T, Thermax, GE Power, Toshiba, have shown less interest.

NHPC to raise ₹2,300 crore to fund its expansion
New Delhi: State-run hydropower company NHPC Ltd is set to raise about ₹2,300 crore this financial year, surpassing its initial target of ₹2,000 crore, as part of the Union government’s monetisation target and to fuel its expansion. 

NTPC Green Energy urges Sebi to expedite approval for Rs 10K crore IPO

NTPC Green Energy has nudged market regulator Securities and Exchange Board of India (Sebi) to expedite the approval of its Rs 10,000-crore initial public offering (IPO), said people in the know. The wholly-owned subsidiary of the country’s largest power generating company NTPC had filed its draft red herring prospectus (DRHP) with Sebi last week.

Green energy transition: Up to 5% green hydrogen can be blended in piped natural gas, finds study
The initial findings of a study by the State-run Engineers India (EIL) suggests that up to 5 per cent green hydrogen can be blended with piped natural gas (PNG).

L&T looking for big bucks in offshore wind contracts abroad
L&T recently won its first international order worth $100 million in a new business – offshore wind. The order has got the engineering major thirsting for more. The company is now smacking its lips for encores.  Not much has been revealed about the order though. “In 2-3 months, we will be able to give more details,” Subramanian Sarma, Wholetime Director and President-Energy, told businessline recently.  It is understood that L&T is to supply the jacket for offshore structures. Jackets are the steel tubes with legs buried in the sea floor, on which the platforms stand. L&T has long years of experience in supplying jackets and platforms for the oil and gas industry; it wants to leverage that experience for the offshore wind sector. 

Bright days ahead for solar sector
As the 4th RE-Invest event in Gandhinagar, Gujarat, concluded, solar power took centre stage with significant commitments announced. Prime Minister Narendra Modi, during the event, referred to India’s solar revolution as a golden chapter in its renewable energy journey. RE-Invest 2024 saw major commitments from India Inc to increase the country’s renewable capacity by 570 GW, with manufacturers pledging 340 GW of solar modules and 240 GW of solar cells.