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Collaboration on advanced energy storage technologies, resilient supply chains, and timely access to critical minerals is key to achieving renewable energy targets, industry body IESA told BRICS countries on Tuesday. The India Energy Storage Alliance (IESA) handled the technical coordination at a virtual event which was attended by representatives from Brazil, Russia, the United Arab Emirates, and other members of BRICS - a forum of emerging economies. The event, organised by the power ministry, was aimed at accelerating India's clean energy transition by deepening international collaboration on advanced energy storage technologies and developing resilient local supply chains. According to a statement, IESA has urged BRICS nations, including Brazil, Russia, and the UAE, to strengthen energy cooperation and mineral security. It also submitted recommendations to the Indian government. India's clean industrial investment pipeline has reached an estimated USD 433 billion, placing the .
Jaipur-based Shera Energy is targeting 25-30 per cent revenue growth in the current financial year, supported by capacity expansion and foray into new value-added products to cater to the power and renewable energy sectors, according to a top company official. The NSE-listed company, which is also into recycling, began operations in 2003 with aluminium winding wires and had annual revenues of around Rs 20 crore during its early years, its Chairman and Managing Director Naseem Sheikh said in an interaction with PTI. In FY26 Shera Energy reported annual turnover of Rs 1,640 crore. The company manufactures winding wires and other electrical products using copper, aluminium and brass, catering primarily to transformers, motors and other electrical equipment. "This year, we intend to grow another 25-30 per cent on our revenues and bottom line," Sheikh said. To achieve its goal, Shera Energy is expanding its product portfolio into higher value-added segments, including solar ribbon and
The Industrial Transition Accelerator (ITA) on Thursday said it has selected 11 Indian projects that will receive tailored support as part of its India Project Support Programme to accelerate critical clean industrial projects. The ITA is a global multi-stakeholder initiative launched at COP28 to fast-track industrial transition across energy-intensive industry and transport sectors. The selected projects, led by companies including Jindal Steel, JSW Steel, ACME Group, Yamna, Circular Urban Energy (CUE) and ReNew, represent more than USD 18 billion in potential investment and could deliver over 7.8 million tonnes of annual carbon abatement across multiple sectors, a statement said. "In a world shaped by geopolitical volatility, the ability to produce clean materials domestically and competitively will be a key driver of both economic resilience and long-term growth," James Schofield, Managing Director, Industrial Transition Accelerator, said in the statement. Across in-country ...
The Ministry of Home Affairs (MHA) has issued a set of guidelines prohibiting any new solar, wind and hybrid renewable energy projects within 1 km of the Line of Control, the Line of Actual Control, and the International Border. The guidelines issued by the ministry's Internal Security wing also bar the engagement of engineers, staff, employees and labour from land border countries, especially Pakistan, Bangladesh and China, for project implementation without the permission of the central government. Under these guidelines, areas within 50 km of the Line of Control (LoC), Line of Actual Control (LAC), or the International Border have been designated as "sensitive areas". This includes areas within 20 km of the International Border for which a separate no-objection certificate (NOC) will be required from the Ministry of Defence. Projects that are required to reapply under these guidelines will also be subject to these provisions. "All solar, wind and hybrid energy projects within 5
Union minister Pralhad Joshi on Thursday said India's non-fossil fuel electricity generation capacity has already crossed the 300 GW mark and the nation is on track to achieve its target of having 500 GW of renewable energy by 2030. Speaking at the 7th CII International Energy Conference & Exhibition here in the capital, the minister informed that between January to June, in just six months, 30.58 GW of non-fossil fuel-based electricity generation capacity was added, which is 25 per cent higher than the corresponding period of the last year. In the last two years, India added 90 GW of renewable energy or non-fossil fuel-based capacity. The Union New & Renewable Energy Minister said, "Our non-fossil fuel-based capacity has crossed 300 GW, and we are firmly on our path to achieve 500 GW by 2030." The minister also urged the industry leaders to invest more in Research & Development. He also stated that India has already crossed the 50 lakh household milestone under the PM ...