Niti Aayog suggests ₹6,000 cr VGF, PM-Suryaghar-like scheme for MSMEs
 

Steel minimum import price: SC overturns 2018 Delhi HC order
In a key judgment on Wednesday, the Supreme Court clarified that companies can be subjected to trade restrictions only after the relevant rule is officially published in the Government Gazette, and not merely from the date of a government announcement or a notice uploaded on a website.

Jharkhand, Tata Steel signs Rs 11,000 crore pact for Green Steel
 

Gold, silver continue to be on fire on hardening US-EU standoff

Mumbai: Gold and silver have remained on fire for the umpteenth session, with the yellow metal rallying 4.72%, or Rs 7,205 per 10 grams, to hit a new high of Rs 1,58,270 for the February futures contract, while silver futures for March delivery surged 3.46%, or Rs 11,190 per kg, to Rs 3,34,862 on Wednesday on the MCX.

Gold soars near Rs 1.6 lakh/10g; silver hits record Rs 3.34 lakh/kg on global buying rush

According to the All India Sarafa Association, the precious metal of 99.9 per cent purity soared by Rs 6,500, or 4.24 per cent, to Rs 1,59,700 per 10 grams (inclusive of all taxes).

Falling crude prices cut India’s oil import bill by 8.5% in December
Chennai: India’s crude oil import bill declined sharply in December, offering relief to the country’s external account as softer global oil prices offset a marginal rise in import volumes. Data from the Petroleum Planning and Analysis Cell shows that the oil import bill fell 8.5 per cent year-on-year to $9.7 billion in December, compared with $10.6 billion spent in the same month last year. This decline came despite India importing a higher volume of crude, underlining the impact of lower international prices on the overall import cost.

Power ministry seeks stakeholder comments on draft National Electricity Policy 2026
The Ministry of Power on Wednesday sought stakeholder comments on the draft National Electricity Policy (NEP) 2026, which aims to address high losses and debt of discoms, non-cost-reflective tariffs, and high cross-subsidisation.A non-cost-reflective tariff is a pricing structure in which the rate charged to a particular consumer category is below the utility’s average cost of generating, transmitting, and distributing electricity to that category.

NEP 2026: Power sector to offer 24x7 reliable supply; compensation for non-compliance
New Delhi: The draft National Electricity Policy (NEP 2026) aims to check the poor service levels in Indian cities – which continue to lag global standards – with 24x7 reliable power coupled with compensation for non-compliance, and the timely resolution of grievances. The Power Ministry released the draft NEP 2026 with the aim that electricity supply matches pace with demands of a developed economy – the target of a $30-trillion economy – and eventually moves towards energy independence.

Rays Power Infra Limited bags INR 1,912 crore order from one of India's Maharatna PSUs

Mumbai: Rays Power Infra Limited is proud to announce the award of a 300 MW renewable energy (RE) project from one of India's Maharatna public sector undertakings (PSUs). This project will add INR 1,912 crore to the company's existing order book, which exceeds INR 8,000 crore. It will be developed under the company's Co-Development Business Model, with the scope encompassing land acquisition, interstate transmission system (ISTS) connectivity, and complete engineering, procurement, and construction (EPC) execution. The project will be established in one of Rays Power's upcoming renewable energy parks in Karnataka and is targeted for commissioning within the next three years.

New national policy pegs ₹200 trn investment for power sector by 2047
 

India to be green hydrogen hub, targets 5 mt annually by 2030: Pralhad Joshi at Davos

Davos: Union Minister for New and Renewable Energy Pralhad Joshi has said that India’s agenda at Davos is that transition is not a burden for growth, it is an engine for growth and noted how the renewable movement, started by Prime Minister Narendra Modi is bringing down the cost of electricity in India. In an interview with ANI, the Minister also said India will be the hub of green hydrogen and that people want to study the Indian model of energy production. “India’s agenda at Davos is that transition is not a burden for growth, it is an engine for growth. And because of that, the cost of renewable energy has come down in India. Because of this renewable movement, which the Prime Minister started almost from 2015-16 and very aggressively from almost 2019, it is bringing down the entire cost of electricity in India. Now, Andhra Pradesh has said we are going to reduce the cost of electricity,” he said.

Waaree Energies Q3 profit surges 124% on strong solar module, EPC sales
 

SWELECT Energy enters BESS business for residential and large-scale customers