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Power consumption in the country fell by 6 per cent to 132 billion units in October from 140.47 BUs in same month last year, mainly on account of less use of cooling appliances. The October month also saw rains in various parts of the country. The decline in power consumption was attributed to unseasonal rainfall during the month in some parts of the country coupled with onset of winter season, which kept temperatures in check, experts said. The peak power demand met during October was at 210.71 GW, lower from 219.22 GW recorded in October 2024. The peak power demand had touched an all-time high of about 250 GW in May 2024. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. However, this summer (April onwards), the record peak power demand was 242.77 GW in June. Experts said the power demand and consumption are likely to be subdued in November as well due to moderation in temperature levels, which would reduce use of cooling appliances.
Premier Energies on Thursday announced its foray into transformer manufacturing by acquiring a majority 51 per cent stake in Transcon Industries for a total consideration of Rs 500.3 crore. The acquisition is a key milestone in its strategy to become a fully-integrated clean energy solutions provider, Premier Energies said in a statement. The renewable energy player said it has entered into definitive agreements to acquire a 51 per cent ownership interest in Transcon Industries for a total consideration of Rs 500.3 crore. "This investment marks our foray into the fast-growing transformer business on the back of surging renewable power capacity addition and growing electrification of the economy," Premier Energies MD & CEO Chiranjeev Saluja said. The acquisition of Transcon, which manufactures a wider range of transformers, including solar and distribution, will help Premier Energies move further downstream, offering integrated and bundled solutions to power producers, DISCOMs, and
LNG and electric heavy truck manufacturer Blue Energy on Thursday said it has signed an initial pact with the Maharashtra government to set up a new facility with a capacity of 30,000 trucks at an investment of Rs 3,500 crore. Anirudh Bhuwalka, Founder and Managing Director of Blue Energy Motors Ltd, said the company has so far invested USD 50 million in the plant. "Our target is to do 30,000 units (sales) of both heavy-duty electric and LNG-powered trucks cumulative in the next five years," Bhuwalka told PTI here. Earlier in the day, the company rolled out its first heavy-duty electric truck with a swappable battery and the country's first electric corridor between Pune and Mumbai. Fadnavis inaugurated the Mumbai-Pune corridor, which is the first step in the company's plans to electrify all major national highway corridors over the next three years. The Mumbai-Pune corridor is the first step in building a nationwide network of sustainable logistics, driving India's green freight
Joint ventures in energy infrastructure, technology collaboration, and cross-border investments can help reduce India's trade deficit with Qatar, think tank GTRI said on Sunday. India's trade with Qatar stood at USD 14.15 billion in 2024-25. The trade relationship remains heavily skewed toward energy imports, with petroleum crude and gas products making up nearly 90 per cent of India's total imports from Qatar, the Global Trade Research Initiative (GTRI) said. India's exports to Qatar totalled USD 1.68 billion, while imports surged to USD 12.46 billion, producing a substantial trade deficit of USD 10.78 billion in the last fiscal. "The figures underscore the energy-centric nature of India's commerce with the Gulf nation, with hydrocarbons making up the bulk of inbound shipments," GTRI founder Ajay Srivastava said. Imports from Qatar were overwhelmingly composed of petroleum crude and gas products, amounting to USD 11.08 billion, about 88.9 per cent of the total imports. Key energ