Rajasthan Cabinet approves construction of 2,300 MW power projects jointly with SCCL
 

BPSL restructuring to unlock margin gains for JSW Steel: Analysts
JSW Steel’s decision to move Bhushan Power and Steel (BPSL) into a 50:50 joint venture with JFE Steel is set to sharpen its margin profile as the company enters the next phase of its capacity cycle, analysts said. Experts see the deal as both a balance sheet clean-up and a more efficient way of capturing BPSL’s earnings contribution.

Debt reduction, JV benefits with JFE seen as positives for JSW Steel
 

Gold seizures fall, but smuggling remains a challenge: DRI report
New Delhi: Gold smuggling seems to have come down with the Directorate of Revenue Intelligence (DRI) data showing that the volume of seizures dipped over 21 per cent. The volume of gold seized too has dipped. However, in its annual report, DRI admitted that despite reduced import duties, gold and precious stone smuggling into India remained a major challenge in FY24–25

WGC projects up to 30% jump in gold prices next year amid global uncertainty
 

Petronet to earn ₹5,000 crore gross revenue from 15-year ethane storage deal with ONGC
New Delhi: State-run entities Petronet LNG (PLL) and ONGC have entered into a 15-year Ethane Unloading, Storage and Handling (USH) Services deal, through which the former is expected to earn a gross revenue of ₹5,000 crore. The USH binding term sheet will commence between October–December 2028 and end on the 15th anniversary of the commencement date, Petronet LNG said.

ONGC’s long-awaited recovery falters as performance slips back
For most of this year, the country’s largest oil and gas explorer ONGC spoke the language of revival. After over a decade of declining output, slipping offshore fields and delayed deepwater dreams, the company claimed it was finally turning a corner. New wells would lift gas volumes. The flagship KG-DWN-98/2 field would ramp up sharply. Mumbai High — India’s most famous oilfield and ONGC’s pride — would be revived with British Petroleum’s (BP) help. And for the first time in years, the company set a guidance for production of 21 million tonnes of crude oil and 21.5 BCM of gas in FY26.

Diesel consumption hits six-month high driven by GST rate cuts, higher industrial offtake
Chennai: November saw steady freight movement and rising industrial activity even as retail vehicle sales moderated from October’s festive peak. Diesel demand surged to a six-month high, agricultural vehicle categories remained resilient, and EV three-wheelers continued to expand despite the seasonal dip, as per The Shriram Mobility Bulletin for November.

Centre to review West Bengal's coal demand for 1,600 MW power project
 

Tata Power expects Mundra plant operations to resume by Dec 31
Mumbai: Tata Power Company anticipates resuming operations of its supercritical thermal plant in Mundra by December 31, 2025, it said in a release on Thursday. The power producer said it continued to take the necessary measures to resume operations at the plant, which has been shut since July.

Power demand cools in Nov, spot prices down 9%
India’s power demand cooled down an estimated 0.3% to 123 billion units (BUs) in November compared with 124 BUs a year ago due to lower temperatures. This comes after a nearly 6% on-month degrowth in October, according to Crisil Intelligence. 

‘Cheaper imports ebb as new rules boost company’s position’: Q&A with Suzlon CEO
Suzlon Energy is looking to set up smart factories to accelerate execution and improve logistics efficiency. In an interview, group CEO JP Chalasani speaks to Raghavendra Kamath about the company’s operations and its outlook for the wind energy sector.

States free to float clean energy tenders even as 50GW lies unused with Centre
New Delhi: India's central government cannot stop states from building clean energy projects even as federal agencies struggle with nearly 50 gigawatts (GW) of unsold renewable power, a top official said on Thursday. Central clean energy projects have remained unsold due to unfinished transmission lines, legal and regulatory delays, Reuters had earlier reported, resulting in state power utilities delaying signing purchase agreements with them.

Suzlon unveils plan for three new AI-enabled smart blade units
Suzlon to set up AI enabled smart factories
The Financial Express

KPI Green Energy secures 142 MW floating solar project from Gujarat government
 

MNRE plans new scheme for floating solar power projects with battery storage, seeks up to Rs 8,000 crore VGF from Finance Ministry
 

Suzlon announces new AI-driven blade plants, plans ₹500–550 cr annual capex
Renewable energy major Suzlon Energy has announced the setting up of three new AI-driven smart-blade manufacturing facilities and the upgrading of existing facilities. The expansion will help the Pune-based wind solutions provider scale production to execute its orderbook of 6.2 Gigawatts (GW). JP Chalasani, Chief Executive Officer, Suzlon Group, said the company has earmarked an annual capex of ₹500-550 crore, which will be dynamically invested across all of Suzlon’s manufacturing facilities. The facilities are planned for phased construction and operation, and the precise capacity additions and investment amounts cannot be defined, he explained. The facilities will entirely cater to company’s 3 MW series of wind turbines.

India's nuclear power generation capacity to reach 21,880 MW by 2032: Govt
New Delhi: India's nuclear power generation capacity is set to rise from the current 8,780 megawatt (MW) to 9,480 MW by the end of the current financial year 2025-26, 13,480 MW by 2029-30 and 21,880 MW by 2031-32 as projects under implementation get commissioned, the government said in a written reply in Parliament.

Opening up nuclear power sector to private firms - An overview
Source Credit: Shilpa Samant, The Economic Times

India's nuclear energy landscape is poised for a turnaround, with amendments to two major laws set to be taken up during the ongoing Parliament session. From private sector participation, supplier and operator liability, and fuel supply to spent fuel logistics and arbitration, the Atomic Energy Bill, 2025, will attempt to address all existing concerns, while aiming for a 100 GW capacity by 2047.

Rationale behind opening the sector
Net zero targets, rising consumption and data centres have contributed to rising interest in nuclear energy globally. The renewed interest is also based on new technologies such as small modular reactors and large reactors with more safety features, on top of growing energy demand. India, with its projection of being a developed economy by 2047, expects a corresponding rise in energy demand and, therefore, plans an energy mix with nuclear energy in it.

Why private investment is needed
For a ten-fold rise in nuclear energy capacity over the next two decades, private sector involvement is essential as the public sector alone cannot do it. Small modular reactors (SMRs) are convenient for captive consumption in hard-to-abate sectors such as steel and cement and data centres.
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📝  Thyssenkrupp steel head puts restructuring costs at several hundred million euros
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