Coal Ministry readies new amnesty scheme for surrender of idle mines
NEW DELHI: In a repeat of the May 2022 amnesty scheme, central and state public sector undertakings would be allowed to surrender non-operational coal mines without forfeiting their bank guarantees and without having to provide a reason. The proposed amnesty scheme is to ensure that the surrendered coal blocks are brought back into auction to new bidders so as to enhance production. It is expected that nine coal blocks could get surrendered involving performance securities totalling Rs 80 crores, said a Coal Ministry official. Surrendered mines would be auctioned with disclosed operational challenges, ensuring that only capable and committed bidders participate, he added.

JSW Steel to set up scrap recycling facility in Chennai
Mumbai: JSW Steel plans to open a scrap processing facility in Chennai to source and recycle scrap from various sources, including automobile and white goods manufacturers, for use at its steel-making plants.

Steelmakers battle low prices as demand slips, stocks grow
 

Bhilai Steel Plant in Chhattisgarh conducts captive 5G network trial
 

Gold prices today: Drop continues for sixth straight day after Dhanteras, 24K gold slips by Rs 7690 in a week, check city wise here
Source Credit: Vanshika Tyagi, DNA

Gold and silver extend decline for second straight day as global and Indian prices fall further
 

Reliance set to stop Russian crude purchases after US sanctions on Moscow oil giants
Mukesh Ambani’s Reliance Industries is poised to close the tap on Russian crude with the US hitting two of Moscow’s biggest oil producers with sanctions, setting the stage for a dramatic reduction in India’s Russian oil imports.

Reliance recalibrating Russian oil imports to align with India's guidelines
Reliance Industries may consider halting Russian oil imports: Report
The Financial Express

US sanctions threaten to cut India’s Russian oil imports to near-zero
 

Grain-based ethanol makers allege bias in OMC bids
 

India’s reliance on imported crude oil creeps up further on demand growth amid stagnant domestic production
 

India needs dual strategy, global cooperation on rare earth metals: NITI Aayog's Arvind Virmani
 

Rajasthan to make 8 mines operational this year, fast-tracks clearances
 

SCCL to tap rare earth minerals opportunity
 

Power Grid Corporation bags two transmission projects worth Rs 3,375 crore
State-owned Power Grid Corporation of India on Thursday said it has acquired two key projects worth Rs 3,375 crore, which will strengthen energy transmission network in the country.

Vikram Solar bags 148.9 MW order from Sunsure Energy, expands renewable footprint across Maharashtra and Uttar Pradesh
Vikram Solar, a leading solar PV module manufacturer, has received an order of 148.9 MW solar modules. In an exchange filing, the company stated that it has received an order from Sunsure Energy, a renewable energy solutions provider.

Juniper Green Energy commissions 64 MW RE capacity in Gujarat, Maharashtra
New Delhi: Juniper Green Energy on Thursday announced the commissioning of 64 MW of renewable energy capacities in Gujarat and Maharashtra. The capacities are part of its two key projects spanning the two states -- Gujarat and Maharashtra, the company said in a statement. Juniper Green Energy has commissioned 28 MW of wind power capacity from its 70 MW wind power project in Devbhumi Dwarka, Gujarat, through its subsidiary Juniper Green Kite Pvt Ltd.

Syrma SGS and Premier Energies to acquire solar inverter manufacturer KSolare Energy
Chennai: Syrma SGS Technology Ltd, along with Premier Energies Ltd, has entered into definitive agreements to acquire 100 per cent ownership of KSolare Energy Private Ltd – a leading solar inverter manufacturer – in the ratio of 49-51 per stake, respectively, for a total consideration of ₹170 crore.  Founded over 13 years ago, KSolare is an established player in India’s solar inverter industry, with FY25 revenue of ₹342 crore. The company operates a manufacturing facility in Pune with a production capacity of 5,00,000 inverters per annum. It specialises in designing and manufacturing a wide range of solar inverters, including on-grid, off-grid, and hybrid models, mainly for the residential market. 

Waaree Energies sees limited liability in US anti-dumping probe
Waaree Energies, India’s largest solar module manufacturer, said its internal review indicates limited liability exposure amid ongoing anti-dumping duty (ADD) investigations in the US, even as it restructures its global supply chain to ensure compliance and reduce tariff impact in that market.