Page 2 - Energy Industry

India Energy Week: Enhancing Safety and Sustainability

Key Insights from the India Energy Week 2025 Panel on HSE

The Unstoppable Transition: Green Hydrogen and the Future of Clean Energy

The transition to a clean energy future is becoming increasingly urgent, and green hydrogen is fast emerging as a cornerstone of the said transition.

India must free gas pricing, unbundle marketing, transportation biz: IEA

International Energy Agency (IEA) on Wednesday asked India to free up its pricing of natural gas and unbundling of marketing and transportation business to help increase usage of the fuel in the economy. IEA in the India Gas Market Report: Outlook to 2030 projected the country's gas consumption rising by 60 per cent to 103 billion cubic metres (bcm) annually by the end of the decade. As India targets raising the share of relatively cleaner natural gas in its energy basket to 15 per cent by 2030 from just above 6 per cent currently, IEA prescribed a set of policy reforms to usher in its greater use. Pricing of gas, which is used to generate electricity, make fertilisers and turned into CNG to power automobiles and piped to household kitchens for cooking, is skewed. Gas from legacy fields of state-owned firms like ONGC and Oil India Ltd is currently capped at USD 6.5 per million British thermal unit while there are limits also imposed on fuel from difficult and high costing fields lik

Energy security, the global transition: A deep dive into future challenges

Energy security, affordability, and the global energy transition amidst an increasingly complex geopolitical landscape were some of the issues discussed at the inaugural session.

India's energy future: Balancing growth, innovation, and sustainability

At India Energy Week 2025, Minister Hardeep Singh Puri highlighted India's push for innovation, balancing renewables and hydrocarbons.

India Energy Week: We are committed to global sustainability, says PM Modi

Prime Minister Narendra Modi reiterates India's commitment to energy solutions that fuel growth while protecting the environment

KP Green Energy Q3 results: Net profit grows to Rs 25 crore on high income

KP Green Energy on Thursday posted a more than two-fold rise in standalone net profit to Rs 25.17 crore in the December quarter, driven by a growth in income. It had reported a Rs 9.21 net profit for the October-December period of the preceding financial year, the company said in an exchange filing. In the quarter under review, its total income rose to Rs 204.28 crore, from Rs 82.20 crore a year ago. While expenses were at Rs 171.45 crore as against Rs 69.84 crore in the third quarter last fiscal.

'Trump may be interested in Indian firms signing contracts for US LNG'

US LNG is usually sold with a Henry Hub plus formulae, which has been used since Cheniere started exporting in 2016

Biden signs executive order aimed at growing AI infrastructure in US

President Joe Biden on Tuesday signed an ambitious executive order on artificial intelligence that seeks to ensure the infrastructure needed for advanced AI operations, such as large-scale data centres and new clean power facilities, can be built quickly and at scale in the United States. The executive order directs federal agencies to accelerate large-scale AI infrastructure development at government sites, while imposing requirements and safeguards on the developers building on those locations. It also directs certain agencies to make federal sites available for AI data centres and new clean power facilities. Those agencies will help facilitate the infrastructure's interconnection to the electric grid and help speed up the permitting process. In a statement, Biden said AI will have profound implications for national security and enormous potential to improve Americans' lives if harnessed responsibly, from helping cure disease to keeping communities safe by mitigating the effects o

Waaree Energies board approves Rs 850 cr investment in energy facilities

Waaree Energies Ltd on Monday said its board has approved three investment proposals aggregating Rs 850 crore to set up electrolyser and storage cell manufacturing facilities. The board also approved capital expenditure (capex) of Rs 130 crore in invertor business through its wholly-owned subsidiary Waaree Power Private Limited. The board approved "capital expenditure of Rs 551 crore and investment of Rs 200 crore for 300 MW electrolyser manufacturing plant in its wholly-owned subsidiary Waaree Clean Energy Solutions, under the PLI Scheme," Waaree Energies said in an exchange filing. It also approved a capital expenditure of Rs 2,073 crore and an investment of Rs 650 crore for setting up a 3.5 GWh Lithium-Ion Advanced Chemistry Storage Cell manufacturing plant in its wholly-owned subsidiary Waaree Energy Storage Solutions. The capex will be funded by a mix of debt and internal accruals, the company said. The board further approved the appointment of Amit Paithanka, Chief Executive

How to trade Nifty Pharma, Energy indices today, Dec 11? Check levels here

Stock market today: What are the key support, resistance levels for the Nifty Pharma, and Energy indices? What should be the trading strategy? Here is your trading guide for stock market today

How one of the tiniest oil markets cost Trafigura Group over $1 bn

This week, the company admitted it faces a loss in Mongolia of up to $1.1 billion, linked in part to suspected fraud by its own employees

Nifty Energy, FMCG indices shows signs of consolidation; key levels here

The Nifty Energy Index is currently in an oversold zone, as suggested by technical indicators like the MACD and RSI.

India emerging as clean energy superpower, delivering beyond expectations

By 2026, the country will be able to assembly 172 GW of panels per year, according to Mercom India Research, a renewables consultancy

BPCL plans refining, petchem projects over 5-7 years to meet energy demand

India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4-5 per cent and 7-8 per cent in the 'foreseeable future'

Gail, Petron sign pact to explore setting up bio-ethylene plant in India

State-owned gas utility GAIL (India) Ltd on Thursday said it has signed an agreement with US biofuel producer Petron Scientech Inc to jointly explore setting up of a 500 kilo tonnes per annum bio-ethylene plant in India. The memorandum of understanding provides for the two firms looking at setting up the plant based on bioethanol in a 50:50 joint venture, GAIL said in a statement. While GAIL is India's largest natural gas transportation and marketing company, Petron specializes in setting up biomass and grain processing biorefinery projects to produce ethanol, bio-ethylene, bio-chemicals (ethylene oxide / mono ethylene glycol, Methanol) and various bio-fuel projects worldwide. "In line with the MoU, GAIL and Petron will jointly undertake feasibility studies to ascertain technical viability and financial prospects of the project. Both the parties endeavour to secure investment approval from their respective management for investment in the project and forming a JV company," the ...

India should have a strategy that's focused on strengths: Jeffrey Goldmeer

Goldmeer illustrates how gas-fired generators can be the third leg of an energy storage tripod, with the other two being battery and pumped storage

Inox Wind secures 201 MW project from Integrum Energy Infrastructure

Wind energy solutions provider Inox Wind on Tuesday said it has secured an order for a 201 MW project from Integrum Energy Infrastructure. This is an equipment supply order for IWL's latest 3 MW Wind Turbine Generators (WTGs), a company statement said, adding that Inox Wind will also provide post-commissioning multi-year operations and maintenance (O&M) services. The project will be executed across four states -- Madhya Pradesh, Rajasthan, Karnataka and Maharashtra. According to the statement, Inox Wind has bagged an order for 201 MW from Integrum Energy Infrastructure Ltd, a leading C&I (Industrial and Commercial) player. Inox Wind CEO Kailash Tarachandani said, "Integrum has been a longstanding partner for us, and we are delighted that they have reaffirmed their faith in our product and solutions with this large equipment supply order for 201 MW". Integrum Energy founder and CEO Anand Lahoti said, "Integrum is on a strong growth journey, focusing on providing hybrid ...

How 'islands of energy' could help Israel build wartime resilience

Israel's energy transition plan has been in the works for years but took on greater urgency when war broke out on several fronts

Industry body seeks PLI expansion, cut in GST on batteries, charging infra

Industry body India Energy Storage (IESA) has demanded that the government reduce the goods and services tax (GST) on batteries and electric vehicles charging infrastructure services as well battery swapping. Ahead of the India Energy Storage Week 2024 (IESW) in New Delhi from July 1-5, 2024, the IESA also suggested expansion of production-linked incentive (PLI) schemes for battery components and battery raw materials processing industry, in a wishlist submitted to the government, a statement said. "Lithium ion batteries current GST rate is 18 per cent and other batteries is 28 per cent. We want all batteries to come under the 18 per cent GST bracket. Charging infra services and battery swapping services should be reduced to 5 or 18 per cent from the existing 28 per cent," IESA President Rahul Walawalkar said in the statement. He lauded the government for the initiatives like advanced chemistry cell battery (ACC-PLI), Auto-PLI, Auto Components PLI, etc. He suggested further expansi