Govt approves Rs 5,400-crore viability gap funding to develop 30 GWh battery storage
The ministry of power on Tuesday approved Rs 5,400 crore in viability gap funding (VGF) to develop 30 gigawatt hour (GWh) of battery energy storage system.

Govt to float 30 GWh BESS tender by August 2025 to optimise thermal power capacities and grid infrastructure
Ministry of Power is aggressively pushing for setting up solar and wind power capacities complemented with battery energy storage systems (BESS) and pumped storage projects (PSPs).

A month after imposition of safeguard duty, India’s steel imports down 40% y-o-y in May
 

Vedanta Aluminium signs financing MoU with Central Bank of India for MSME customers
Vedanta Aluminium has signed a Memorandum of Understanding (MoU) with the Central Bank of India to provide collateral-free financing to its downstream customers, primarily Micro, Small, and Medium Enterprises (MSMEs), through its unit Bharat Aluminium Company (BALCO).

Copper cathode imports have fully stabilised; no supply side rigidity: Mines Ministry
“On an annual basis, even though there was a decline in the import of copper cathode from 363 kt in FY 2023-24 to 239 kt in FY 2024-25, it was covered by domestic production. There was a ramp up in domestic production from 509 kt in FY 2023-24 to 573 kt in FY 2024-25 (12.6% growth y-o-y). Monthly import of refined copper has now increased to 32 kt in April 2025, compared to 24 kt in April 2024. Thus, the import of copper cathode has fully stabilized,” the ministry added.

TruAlt Bioenergy gains OMC status, plans 100+ flex-fuel outlets across India
TruAlt Bioenergy has been authorised as an Oil Marketing Company (OMC), enabling it to market and retail ethanol, Bio-CNG, petrol, diesel, and electric vehicle (EV) services across India. The company will roll out more than 100 flex-fuel retail outlets initially in Karnataka and Maharashtra.

Oil prices rise as markets watch US-China trade talks
Oil prices climbed on Tuesday as investors awaited the outcome of US-China talks that could pave the way for easing trade tensions and improve fuel demand.

Avaada Electro eyes 12 GW module & cell manufacturing capacity by FY27 at Butibori facility
Avaada Group's manufacturing arm Avaada Electro is looking to scale up module and cell manufacturing capacity to 12 Gigawatt (GW) each at its Butibori facility in Nagpur.

ACME Solar commissions 75 MW additional capacity at Sikar Solar project