Energy Firms

Oil India Ltd, the nation's second biggest state-owned explorer, has roped in French energy giant TotalEnergies to provide technical assistance in finding oil and natural gas reserves in deep and ultra-deepwater areas. "OIL and TotalEnergies inked a technology service agreement on November 19, 2025 in New Delhi to strengthen strategic collaboration for exploration activities in deep and ultra-deepwater offshore frontiers of Indian sedimentary Basins, including the stratigraphic wells as mandated by the government of India," OIL said in a statement on Wednesday. The agreement puts in place a framework to leverage TotalEnergies' expertise in deep and ultra-deepwater exploration value chain across OIL's current and future offshore portfolio. It includes the ongoing appraisal programme of gas find in the shallow offshore blocks in Andaman basin as well as exploration in OIL's ultradeep water blocks in Mahanadi and Krishna Godavari Basins. It also covers evaluation of opportunities under

ReNew on Monday reported over 5 per cent decline in its net profit to Rs 467.5 crore for the September quarter. It had clocked a net profit of Rs 493.9 crore in the second quarter of FY25, the company said in a statement. "Net profit for Q2 FY26 was Rs 4,675 million (USD 53 million) compared to Rs 4,939 million (USD 56 million) for Q2 FY25," ReNew said. Its total income (or total revenue) for Q2 FY26 was Rs 3,855.7 crore (USD 434 million) compared to Rs 2,988.7 crore a year earlier. The total revenue from solar module and cell manufacturing operations stood at Rs 10,12.8 crore in Q2 FY26. The revenue from the sale of power was Rs 2,607.6 crore in the second quarter compared to Rs 2,600.8 crore in the year-ago period. Adjusted EBITDA was Rs 2,624.0 crore against Rs 24,20.9 crore. In H1 FY26, the company recorded a total income of Rs 7,971.5 crore compared to Rs 5,471.3 crore in the year-ago period. Its net profit for H1 FY26 was Rs 980.6 crore against Rs 533.3 crore a year ago.

The solar project has reached a ready-to-build status, and construction will begin shortly. It is expected to start operations in December 2026

ACME Group is planning to invest Rs 5,000 crore to set up a direct reduced iron (DRI) facility, according to industry sources. A capacity of 1.2 million tonnes per annum (MTPA) will be set up in the first phase to produce green HBI/GRI (Green Hot Briquetted Iron and Green Direct Reduced Iron for use in making green steel), sources close to the development said. "Our greenfield facility will produce some of the lowest carbon emission green HBI and DRI products, underscoring our unwavering commitment as a leader of clean technology solutions in India," ACME Group Chairman Manoj Kumar Upadhyay said without divulging information related to the investment being planned for the project. On the location of the proposed facility, he said the project is being considered in India or Oman, near one of the group's existing sites. ACME Group is currently in the process of setting up a green hydrogen facility in Odisha and is already in advanced stages of constructing another green hydrogen ...

Operations are also returning to normal, allowing the company to go beyond meeting its domestic commitments, supplying its more than 6,500 fuel outlets

Solar solutions provider Orb Energy on Friday announced its collaboration with Safal Group firm Mabati Rolling Mills to accelerate Kenya's green transition through large-scale solar adoption. The collaboration underscores the vital role of solar power in helping energy-intensive industries reduce their carbon footprint while ensuring long-term energy security and cost competitiveness, Orb Energy founder and CEO Damian Miller said in a statement. According to the statement, the Orb Energy, a solar energy solutions provider in India and Africa, has partnered with Safal Group firm Mabati Rolling Mills to accelerate Kenya's green transition through large-scale solar adoption. As part of this partnership, Orb Energy has successfully installed a 2.9 MW rooftop solar system at Mabati Rolling Mills' (MRM) Mariakani facility which is one of the largest rooftop solar installations in Kenya, Miller said. The system will generate approximately 4,200 MWh of clean electricity annually, the compa

Blue Energy Motors raised $30 mn from Nikhil Kamath and Omnitex to expand LNG and EV truck output, boosting capacity to 10,000 units with Essar and FPT as backers

Sunsure Energy on Thursday said it has inked a pact with NTPC Vidyut Vyapar Nigam for 500 MWh peak power supply from battery energy storage system to Uttar Pradesh Power Corporation. Sunsure Energy, renewable energy solutions provider for businesses and utilities transitioning to green power, is proud to announce the signing of a Battery Energy Discharge Purchase Agreement (BEDPA) with NTPC Vidyut Vyapar Nigam Ltd (NVVN), a wholly owned subsidiary of NTPC Ltd, securing a capacity of 125MW/500MWh, a company statement said. Backed by a 15-year agreement, Sunsure will supply power to NVVN with Uttar Pradesh Power Corporation Ltd (UPPCL) being the end procurer. Under the agreement, Sunsure will set up a standalone Battery Energy Storage System (BESS) under the buildownoperate model at Garautha substation (400/220 kV) in Jhansi, Uttar Pradesh. The project marks Sunsure's first long-term power supply agreement through BESS. Through the agreement, Sunsure will deliver 4 hours of on-deman

Amara Raja Energy & Mobility Ltd on Thursday reported a 33 per cent decline in consolidated profit after tax at Rs 164.8 crore in the first quarter ended June 30, 2025, impacted by higher expenses. The company had posted a consolidated Profit After Tax (PAT) of Rs 249.12 crore in the corresponding period of last fiscal, Amara Raja Energy & Mobility Ltd said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 3,401.08 crore as against Rs 3,263.05 crore in the year-ago period, it added. Total expenses in the quarter under review were higher at Rs 3,190.66 crore as compared to Rs 2,957.93 crore in the same period a year ago. Cost of materials consumed was higher at Rs 1,800.68 crore as compared to Rs 1,692.77 crore in the same period a year ago, the company said. The lead acid batteries and allied products segment clocked revenue of Rs 3,279.79 crore as compared to Rs 3,137.3 crore in the same period last fiscal. New energy business ...

The discussions centred on the 3.0 gigawatt solar cell project in the state's Narmadapuram district, which is expected to create over 700 jobs

BP's Castrol division could fetch $8-10 billion, drawing interest from Reliance, Aramco, and private equity firms in one of the year's biggest energy deals

Sterling and Wilson Renewable Energy Ltd (SWREL) on Thursday reported a manifold rise in consolidated net profit to Rs 55 crore in the March quarter, on account of higher income. It had posted a net profit of Rs 1.40 crore in the January-March period of the preceding 2023-24 fiscal year, the company said in an exchange filing. During the fourth quarter of FY25, the company's total income surged to Rs 2,506.45 crore from Rs 1,211.40 crore in the same period a year ago. Expenses stood at Rs 2,419.73 crore as against Rs 1,177.66 crore in the fourth quarter last fiscal. For the entire financial year 2024-25, SWREL reported a net profit of Rs 85.55 crore. It had a loss of Rs 210.79 crore in FY24. Total income rose to Rs 6,341.46 crore in the fiscal, from Rs 3,120.79 crore a year ago. In a statement, the company's Global CEO C K Thakur said "We are poised for a significant growth across markets considering the commendable pipeline of projects both in the domestic and international reg

Essar Energy Transition's EET Fuels on Monday said it has appointed Prashant Janaswamy as its Chief Information Officer. Prashant will lead the development and implementation of EET Fuels' digital transformation strategy, with an aim to modernise the company's technology infrastructure and enhance data-driven decision-making, a company statement said. According to the statement, Essar Energy Transition's EET Fuels (the trading name of Essar Oil (UK)) announced the appointment of Janaswamy as Chief Information Officer. His expertise includes digital transformation, technology modernisation, and data-driven decision-making. He brings over 25 years of global experience across the UK, the US, India, and the Middle East, having held senior roles such as CIO, CTO, and Chief Data and Automation Officer at leading companies in the energy, oil and gas, and manufacturing sectors. EET Fuels CEO Deepak Maheshwari said, "Prashant's appointment demonstrates our commitment to leveraging cutting-

BluPine Energy on Tuesday said it has secured Rs 1,787 crore in funding from the National Bank for Financing Infrastructure and Development (NaBFID). The collaboration with NaBFID will help in lowering debt servicing costs, improving cash flow, and enabling financial flexibility, BluPine said in a statement. "BluPine Energy has successfully closed a structured financing deal of Rs 1,787 crore with NaBFID to strengthen renewable energy portfolio," it said. The funds will be deployed towards repowering existing solar assets, enhancing their efficiency and operational effectiveness, the company added. The financing will drive long-term portfolio expansion, improving the internal rate of return (IRR) and supporting BluPine Energy's sustainability goals. BluPine Energy CEO Neerav Nanavaty said, "This transaction strengthens our financial foundation, allowing us to scale operations while contributing to India's renewable energy goals". BluPine Energy is a leading renewable energy servi

The state-run energy transmission company's consolidated net profit fell 4% to 38.62 billion rupees ($443.5 million) in the three months to Dec. 31

Concerns over US stance on clean energy have weighed on shares of Premier, which have lost about 23% since hitting a peak in December, after listing in September

That represents an 11.5 per cent premium to the stock's closing price of $6.34 on Nasdaq on Dec. 10. The offer's valuation is based on a total of 398.61 million diluted shares outstanding as of Aug 1

Adani Energy Solutions on Monday said it has acquired a 298-km special purpose vehicle (SPV) of the Khavda Phase IV Part-A transmission project entailing an investment of Rs 4,091 crore. Khavda IVA Power Transmission Ltd, an SPV, was set up by REC Power Development and Consultancy Ltd (RECPDCL) to evacuate 7 GW of renewable energy from Khavda RE park, the company said in a statement. Adani Energy Solutions (AESL) will commission the project in Gujarat in the next 24 months on BOOT (build, own, operate and transfer) basis, it said. The company will invest Rs 4,091 crore to build the 298 km (596 ckm) transmission project, as per the statement. The project also includes setting up 300 MVAr STATCOM and 3x1500 MVA, 765/400 kV Inter-connecting Transformer (ICTs) with 1x330 MVAr, 765 kV and 1x125 MVAr, 420 kV bus reactors, it said. AESL won the project through the tariff-based competitive bidding process and will commission the project in the next 24 months on BOOT (build, own operate, a

Leading names in the energy sector Tata Power, JSW Energy, ReNew, Hero Future Energies, and Sterlite Power have announced plans for a dedicated C&I business vertical

UN Secretary-General Antnio Guterres called Wednesday for a windfall tax on profits of fossil fuel companies to help pay for the fight against global warming, calling them the godfathers of climate chaos. Guterres spoke in a bid to revive the world's focus on climate change at a time when elections, inflation and conflict in places like Ukraine, Gaza and Sudan have seized the spotlight. In a speech timed for World Environment Day, the UN chief drew on new data and projections to make a case against Big Oil. The European Union's Copernicus service, a global reference for tracking world temperatures, said that last month was the hottest May ever, marking the 12th straight monthly record high. The service cited an average surface air temperature of 15.9 Celsius (60.6 Fahrenheit) last month or 1.52 degrees Celsius higher than the estimated May average before industrial times. The burning of fossil fuels oil, gas and coal is the main contributor to global warming caused by human ...