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India's Commercial & Industrial (C&I) energy storage market will increase from less than 1 GWh in 2025 to about 2231 GWh by 2032, supported by rising electricity tariffs and rapid adoption of renewable energy, a study by industry body India Energy Storage Alliance (IESA) said on Thursday. The report attributes this exponential growth to rising electricity tariffs, the need for reliable, high-quality power, rapid adoption of renewable energy (RE), cost-optimisation demands, and India's ambitious decarbonisation goals, an IESA statement said. The study details two growth scenarios: a Business-as-Usual (BAU) path, with ESS reaching 22-23 GWh by 2032, and a Rapid Adoption (RA) scenario, in which market-friendly reforms and technological advances could propel installations to 31 GWh. The BAU assumes 5-6 per cent annual C&I load growth and 15 per cent RE CAGR; RA anticipates 18 per cent RE CAGR, reflecting the impact of supportive policy and falling battery costs. "With ...
The Iran war's global energy shock is causing some nations in Africa and Asia to boost nuclear power generation and spurring atomic energy plans in non-nuclear countries on both continents. Asia, where most of the Middle Eastern oil and natural gas was headed, was hit first and hardest by disruptions to shipping routes carrying those fuels - swiftly followed by Africa. The US and Europe are also feeling the pinch as the conflict drives up energy costs. African and Asian nations with nuclear plants are increasing their output as they scramble for short-term energy supplies, while non-nuclear countries are accelerating long-term nuclear plans to safeguard against future fossil fuel shocks. Nuclear power isn't a quick fix for the current energy crisis. Developing atomic energy can take decades, especially for nuclear newcomers. But long-term commitments to nuclear power made now will likely lock it in to countries' future energy mixes, said Joshua Kurlantzick of the Council on Foreign
Coal India arm SECL on Wednesday said it has registered a 5.26 per cent growth in production and 4.6 per cent increase in offtake, the volume of dry fuel supplied, in 2025-26, signalling steady progress amid rising energy demand. SECL recorded the total coal production of 176.2 million tonnes (MT) in FY26, up 5.26 per cent from 167.4 MT produced in 2024-25. The company's coal offtake in FY26 stood at 178.6 million tonnes compared to 170.7 MT in FY25. With 364.3 million cubic metres of overburden removal from mining pits, SECL achieved its highest-ever OBR, it said in a statement. "South Eastern Coalfields Limited (SECL) has achieved a significant milestone in FY 2025-26, emerging as the only subsidiary of Coal India Limited to register positive growth across all three key performance parameters -- coal production, offtake and overburden removal (OBR)," it said. Despite numerous operational and geographical challenges, the company's workforce has consistently delivered, ensuring ..
CBIC Chairman Vivek Chaturvedi on Friday said the government will review the special additional excise duty or windfall tax on diesel and ATF every fortnight. The move to levy special additional excise duty (SAED) is to ensure domestic availability of diesel and ATF, Chaturvedi said, while briefing the media. The revenue gain from SAED is estimated at Rs 1,500 crore in the first fortnight, he added. The government on Thursday imposed an export duty of Rs 21.5 per litre on diesel and Rs 29.5 per litre on aviation turbine fuel (ATF) to discourage exports and improve domestic supply. The SAED is a levy first introduced in July 2022 to curb windfall gains by refiners following Russia's invasion of Ukraine. It was withdrawn in December 2024. Besides, the government has slashed excise duty on petrol and diesel by Rs 10 per litre each, a move aimed at shielding domestic consumers from a surge in global oil prices triggered by the Middle East conflict. Revenue loss due to the excise duty
Adani Electricity Mumbai Ltd has received a AAA credit rating, becoming the first privately owned power distribution company in India to achieve a rating on par with the sovereign, according to India Ratings. "The rating upgrade reflects strong regulatory support, improving credit metrics and sustained deleveraging, supported by stable cash flows under a cost-plus regulatory framework," India Ratings said in a statement. Acquired in 2018 from Anil Dhirubhai Ambani Group, Mumbai utility has seen a sharp turnaround under the Adani Group. Since the acquisition, the company has more than doubled its asset base to over Rs 10,000 crore, through sustained capital expenditure to meet rising electricity demand in India's financial capital. India Ratings cited "timely and cost-reflective tariff orders issued by the Maharashtra Electricity Regulatory Commission," adding that these have enabled "full recovery of past regulatory assets, including carrying costs, restoring regulatory balances to
India's global energy engagement has undergone a quiet but decisive shift over the past three decades, evolving from a hydrocarbons-centric dialogue anchored by the Petrotech conference to a broader, integrated and transition-ready platform under India Energy Week. The fourth edition of India Energy Week (IEW) will take place from January 27-30, 2026, in Goa, bringing together the global energy community to drive dialogue, collaboration and innovation across the energy value chain. IEW now occupies a "unique position on the global energy calendar," according to Oil Minister Hardeep Singh Puri. Unlike other international conferences, IEW deliberates on all forms of energy - from fossil fuels to biofuels and hydrogen. The foundations of India's global engagement were laid in the mid-1990s with the launch of biennial Petrotech, which for over two decades (from 1st edition in 1995 to 13th and last in 2019) served as India's principal interface with the global oil and gas industry.. At
A USD 780 million contract to import crude oil from Brazil and a pact to build large ships to carry ethane are among the agreements likely to be signed at the India Energy Week (IEW) starting January 27. State-owned Bharat Petroleum Corp Ltd (BPCL) will buy 12 million barrels of oil for USD 780 million from Brazil's Petrobras in 2026-27 fiscal year, twice the size of its contract in the previous fiscal, as part of India's strategy to diversify crude procurement. BPCL and Petrobras will sign a term contract for the crude supply during the IEW, a government statement said. Brazil is among the geographies that India, the world's third largest oil importing and consuming nation, is tapping to diversify its crude procurement. The diversification will help hedge risks of relying on just a few sources for buying crude oil - the raw material for making fuels like petrol and diesel. During the four-day conference, Oil and Natural Gas Corporation (ONGC) and its Japanese partner Mitsui OSK Li
Electricity demand will rise much faster than overall energy growth in the coming decades, underscoring the need for diversified energy sources, according to an analysis released Wednesday. The report by the International Energy Agency said renewable energy, led by solar power, will grow faster than any other major source in the next few years and that coal and oil demand will likely peak globally by the end of this decade. The report noted that many natural gas projects were approved in 2025, due to changes in US policy, indicating worldwide supply will rise even as questions remain about how it will be used. Meanwhile, global nuclear power capacity is set to increase by at least a third by 2035 after being stagnant for years. The release of the annual World Energy Outlook coincided with UN climate negotiations in Brazil this week, where global leaders are calling for ways to curb the planet's warming. Regional dynamics ------------------------ The IEA says building greater ...