Netherlands pledges €2 billion for Tata Steel’s green transition
Mumbai: The Dutch government has agreed to provide €2 billion in support for Tata Steel Netherlands’ (TSN) decarbonisation project. Additionally, TSN has made an application to the EU Innovation Fund for €0.3 billion. The remaining amount is expected to be funded by a combination of cash generated and contributed by Tata Steel Nederland, as well as debt and funding procured by Tata Steel. The deal was part of extensive discussions among the Government of the Netherlands, the province of North Holland, Tata Steel, and Tata Steel Nederland.

Steel giants turn cautious on iron ore mine bids amid high premiums, remote locations
Mumbai: India’s biggest steelmakers have tamped down their bids for iron ore mines over the past two years as aggressive bid premiums and the remote location of some of the recently auctioned assets clouded the benefits of acquiring them.

Gold hits all-time high of $3,800/oz on continued dollar weakness
Gold jumped to a record high above $3,800 per ounce on Monday, supported by a weaker dollar and growing expectations that the Federal Reserve will cut interest rates further this year.

Vedanta clarifies as $750 mn bond plan sparks mystery over $600 mn loan proceeds
On Monday, when ratings agency Moody's disclosed that Vedanta Resources Ltd (VRL) is looking to raise $750 million through unsecured dollar bonds to refinance a $550 million loan, short-seller Viceroy Research had a pointed question.

India's industrial output up by 4% in August, credits to mining sector: Govt data

New Delhi: The country's industrial production grew at 4 per cent in August, mainly due to better performance by the mining sector, according to government data released on Monday. 

Andhra Pradesh power sector turns around, to refund ₹895 crore to consumers
Hyderabad: Andhra Pradesh power sector, which has long been debt-ridden, has achieved turnaround with savings of ₹895 crore during the financial year 204-25 and will be refunding the same amount to the consumers.

Anand Rathi’s renewable bets: Two stocks set for over 30% upside—Are these the next big power plays?
The domestic brokerage firm Anand Rathi Research initiated coverage on key renewable energy sector stocks. The brokerage house focused on the solar Panel Voltaic (PV) manufacturing value chain, calling this segment the ‘Wafers to Watts’ plays. Premier Energies and Waaree Energies are their top picks in this segment. 

India initiates anti-dumping probe into Chinese solar components, mobile covers after industry complaints
The Commerce Ministry's arm DGTR has initiated an anti-dumping probe into the import of a solar component and mobile covers from China, following complaints by RenewSys India and All India Mobile Cover Manufacturer Association.

Kalpa Power launches ‘WATTBANK’ BESS, promises 50% peak tariff savings
Pune: Pune-based Kalpa Power Private Limited, one of India’s leading solar energy management companies, has introduced WATTBANK, the country’s first productized Battery Energy Storage Service (BESS) designed for commercial and industrial (C&I) consumers. WATTBANK enables businesses to achieve 50 per cent savings on evening peak tariffs, translating into direct annual benefits of ₹80 lakh to ₹1 crore for a typical 1 MW facility. The system stores solar power during the day and seamlessly supplies it during costly evening hours.

Nayara Energy restores operations after sanctions, leadership shake-up
Chennai: Nayara Energy is gradually restoring operations and sales after being hit by European Union sanctions in July that triggered a sharp slowdown in refinery activity, disrupted exports, and prompted the exit of several top executives.

Delhi: Tehkhand waste-to-energy plant set to undergo Rs 900 crore expansion