Energy

India's Oct power consumption dips 6% to 132 billion units on mild weather

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 enters transformer manufacturing with 51% Transcon stake

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

Blue Energy signs pact with Maharashtra to set up ₹3,500 cr facility

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

Ola Electric announces entry into ₹1 trillion BESS market with Ola Shakti

With India's BESS market projected to grow to over ₹3 trillion by 2030, Ola Electric expects its annual BESS consumption to scale up to 5 GWh in the next few years

India–Mongolia bilateral meet: 10 key agreements signed; know details

During Mongolian President Khurelsukh Ukhnaa’s visit to New Delhi, both nations deepened cooperation in defence, energy, culture, and spiritual exchanges.

Can market coupling enable fair price discovery at power exchanges?

Supporters of the market coupling point to higher efficiencies and optimal price discovery, its critics argue that it will eliminate competition and innovation at power exchanges

India to boost people-to-people ties with Mongolia, provide free e-visas

Both sides exchanged MoUs for cooperation in humanitarian aid, restoration of heritage sites in Mongolia, cooperation in immigration, and sharing of digital solutions

JVs, tech tie-ups can help cut India's trade gap with Qatar: GTRI

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

Nayara Energy recovers operations, sales after sanctions, executive exit

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

Meghalaya cabinet clears excise rule changes, accepts MeECL inquiry report

The Meghalaya cabinet on Thursday approved amendments to the state's excise rules, a move expected to generate an additional Rs 90 crore in revenue, officials said. The cabinet also accepted the independent inquiry committee report on Meghalaya Energy Corporation Limited and gave its nod for the financial closure of major central power schemes. Chief Minister Conrad K Sangma said the amendments were aimed at making the state more competitive with neighbouring states. "We want our rates and pricing to reflect market realities. This will make us more attractive to consumers and increase our revenue," he told reporters after the meeting. On the power sector, the CM said the cabinet has accepted the independent inquiry committee report on MeECL covering procurement, AT&C losses and HR management. "We have directed the power department to take steps to implement the recommendations. The report will also be uploaded on the government website to ensure full transparency," he said. The .

GST reforms to strengthen clean-energy transition: Environment minister

Union Environment Minister Bhupender Yadav on Thursday described the government's overhaul of the Goods and Services Tax (GST) as a "historic Diwali gift" that will strengthen India's clean-energy transition. In a post on X, Yadav said, "The GST rationalisation ensures that renewable energy remains the backbone of India's climate strategy." In another post, he termed the move "GST Reforms for a Green India" and said it would help advance clean and green power adoption, improve waste management, lower emissions and protect ecosystems, while maintaining fiscal balance. A steady adoption of solar, wind and waste-to-energy projects is critical for meeting India's Net Zero 2070 pledge and Nationally Determined Contributions (NDCs) under the Paris Agreement, he added. The reforms, announced on Wednesday, include tax cuts on solar panels, wind turbines and related devices to reduce project costs and support domestic manufacturing, lower GST rates on effluent treatment services to boost ..

Best of BS Opinion: India's tariff woes will need careful handling

Today's Opinion Page is dominated by the issue of US tariffs, and what India can do to mitigate its effects. How will it impact India's GDP, and is turning to China really a wise call. Read on.

India, Kuwait discuss avenues to deepen ties in trade, defence, energy

India and Kuwait on Tuesday undertook a comprehensive review of the bilateral relations during a key meeting, as the two sides also discussed avenues to further deepen the strategic partnership in trade, defence, energy, culture, and people-to-people ties. The seventh round of Foreign Office Consultations between India and Kuwait was held in Delhi. "Both sides discussed the various ongoing initiatives and avenues to further deepen our strategic partnership in various spheres, including political, trade, investment, defence, energy, culture, and people-to-people ties," the Ministry of External Affairs said. During the meeting, both sides undertook a comprehensive review of the bilateral relations and exchanged views on regional and international issues of mutual interest, it said. The consultations were co-chaired by Additional Secretary (Gulf) in the MEA, Aseem R Mahajan, and Assistant Foreign Minister for Asia Affairs in the Ministry of Foreign Affairs, Kuwait, Sameeh Essa Johar .

Energy security among top priorities amid global tensions, says govt

The government considers energy security to be among its "top priorities" and has taken all necessary steps to ensure access to affordable energy for people, Lok Sabha was informed on Friday. External Affairs Minister S Jaishankar in a written response to a query also said the government pursues a "multi-pronged strategy" that includes diversifying supply sources, enhancing domestic production of oil and gas, expanding the adoption of alternate energy sources and advancing the energy transition. He was asked details of the steps taken by the government to safeguard the country's strategic and energy interests amid global tension, and also whether the government has raised concerns with countries like the US regarding the "impact of sanctions" on India's petroleum imports from Russia and Iran. Last week, US President Donald Trump had announced 25 per cent reciprocal tariffs on India that came into effect from August 7. The US president on Wednesday also signed an executive order ...

Siemens Energy India Q3 results: Net profit surges 80% to ₹263 crore

Siemens Energy India on Monday posted an over 80 per cent rise in its net profit to Rs 263 crore in June quarter compared to a year ago, mainly on the back of higher revenues. It had a net profit of Rs 146 crore in the quarter ended June 2024, a company statement stated. The company follows the financial year from October to September. Revenues from operations rose to Rs 1,785 crore in the quarter from Rs 1,484 crore in the same period a year ago. New orders during the quarter rose to Rs 3,290 crore from Rs 1,693 crore recorded a year ago. The company explained that the new order growth was primarily due to large orders received during the quarter given the robust demand both in domestic as well as export markets. The company announced an investment of Rs 280 crore in a phased manner in manufacturing capacity expansion of high-voltage switchgear products at its Aurangabad factory. This expansion will enable the company to meet the growing demand for power transmission equipment,

NTPC Green looks to develop RE, battery storage projects in Bihar

State-owned NTPC Green Energy Limited has plans to set up renewable energy and battery energy storage projects (BESS) in Bihar, a move which will increase the company's portfolio and presence in the clean energy space. The company has signed a Memorandum of Understanding (MoU) with Bihar State Power Generation Company Limited (BSPGCL) to take forward its plans. The MoU with BSPGCL aims for development of Battery Energy Storage Projects and Renewable Energy Project for decarbonisation and energy transition in Bihar, NTPC Green Energy Limited (NGEL) said in a statement on Saturday. The agreement was signed between Sarit Maheswari, CEO (NGEL), and Abdesh Kumar Singh, Director Technical (BSPGCL), in the presence of Minister of Energy, Planning & Development of Government of Bihar Bijendra Prasad Yadav and other senior officials from the state government. NGEL is an umbrella company for the green business initiatives of NTPC and it undertakes projects through organic and inorganic ...

MoS Margherita holds talks with Eswatini energy minister Lonkhokhela

Union Minister of State for External Affairs Pabitra Margherita held talks with Prince Lonkhokhela, Minister of Natural Resources and Energy, Eswatini, on Saturday.The two held talks on increasing cooperation in the energy sector.In a post on X, Margherita said, "Glad to meet HRH Prince Lonkhokhela, Hon'ble Minister of Natural Resources & Energy, Kingdom of Eswatini. Discussed ways to increase cooperation in the energy sector."Earlier, in an attempt to increase energy cooperation, Minister of Natural Resources and Energy of the Kingdom of Eswatini, Senator Peter Bhembe, with a three-member delegation consisting of the Managing Director of Eswatini Electricity Company, Acting Chief Geologist and Chief Mining Engineer, visited Delhi, Kolkata and Ahmedabad to study iron and steel production units in India in November 2019.Earlier in the day, Margherita met Mandla Tshawuka, Minister of Agriculture of Eswatini.The two leaders held talks on enhancing relations in the agricultural ...

India's fuel demand declines 4.7% to 20.31 MMT in June, shows govt data

India is the world's third-largest consumer and importer of oil. The data is a proxy for the country's oil demand

Tech Talk: Schneider Electric MD & CEO on Powering India's AI-Driven, Energy-Smart Future

In this exclusive Tech Talk, Pranjal Sharma sits down with the MD & CEO of Schneider Electric India to explore how the company is powering an AI-driven, energy-smart future for the nation.

Axiscades, Europe's MBDA join hands to set up defence unit Bengaluru

Homegrown Axiscades on Friday said it has signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka. The pact has been inked through its wholly owned subsidiary Axiscades Aerospace and Technologies to set up the unit at the Aerospace Park near Kempegowda International Airport, Bengaluru, Axiscades Technologies (Axiscades) said in a statement. "The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," it said. The agreement was signed on the sidelines of the ongoing Paris Air Show 2025 in France. In May, Axiscades CEO and MD Alfonso Martinez said, "As we approach FY26, our priority is to capitalise on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defence technologies, including unmanned warfare, to bring about non-linear, product-led, ...