Page 2 - Energy Industry

India drew $36 bn investment from pre-2014 NELP bid rounds: Oil ministry

India attracted over USD 36 billion investment from nine NELP bid rounds held before 2014, and has so far yielded 177 oil and gas discoveries, according to a report commissioned by the Petroleum Ministry. Under the New Exploration Licensing Policy (NELP), blocks were awarded to bidders promising maximum exploration, allowing them to recover investments from oil and gas they discover and produce before sharing profits with the government. In 2016, this was replaced by a revenue-sharing model, where blocks go to firms offering the highest share of output to the government. The 254 blocks awarded in nine bid rounds of NELP between 1999 and 2010 attracted USD 17.6 billion investment in exploration that led to 67 oil discoveries and 110 gas finds, and another USD 18.64 billion in development of some of those discoveries. The 144 blocks awarded in eight big rounds of Open Acreage Licensing Policy (OALP) from 2018 to 2022 saw USD 1.37 billion investment in exploration, leading to 6 oil ..

INOXGFL Group to list INOX Clean Energy in FY26, eyes Rs 5,000 cr IPO

INOXGFL Group is planning to list INOX Clean Energy on the domestic stock exchanges in the upcoming financial year and garner Rs 5,000 crore from the issue, sources said. INOX Clean Energy will be the fifth entity of the USD 12 billion group to be listed on the bourses. "The INOXGFL Group is preparing to take INOX Clean Energy public, aiming to raise 10-15 per cent from the public at a valuation of Rs 50,000 crore (USD 6 billion), industry sources said. Once completed, the IPO will be among one of the largest fundraising initiatives in the country's private renewable energy sector. The IPO is expected to hit the market in the third quarter of the 2025-26 financial year, sources said. Sources also said INOXGFL has appointed five leading investment banks to manage the issue. An email query sent to INOXGFL Group remained unanswered. INOX Clean Energy is an integrated renewable platform spanning solar manufacturing, including cells and modules, and an Independent Power Producer (IPP

Dems target Trump's energy emergency after his pro-oil and gas moves

President Donald Trump began dismantling his predecessor's climate change and renewable energy policies on his first day in office, declaring a national energy emergency to speed up fossil fuel development a policy he has summed up as drill, baby, drill. The declaration calls on the federal government to make it easier for companies to build oil and gas projects, in part by weakening environmental reviews, with the goal of lowering prices and selling to international markets. Democrats say that's a sham. They point out that the U.S. is producing more oil and natural gas than any other country and the Biden administration's Inflation Reduction Act boosted renewable energy at a critical time, creating jobs and addressing the climate change threat 2024 was Earth's hottest year on record amid the hottest 10-year stretch on record. It would also set a horrible precedent, that a president of either party can invent a sham emergency and then grab away from Congress powers that Congress h

Make in India or Made in India'? Industry Leaders Discuss India's Path as a Green Manufacturing Powerhouse

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India Energy Week 2024: Pioneering the Energy Transition Through Financial Innovation

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Transformative Integrated E-Mobility Ecosystems in Emerging Economies

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India Energy Week 2025 Day 3 Charts the Future of Global Carbon Markets

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India Energy Week: Cairn dives into deepwater exploration with KG basin

Vedanta-backed firm plans to rope in global players for offshore drilling

Bridging the Energy transition's investment gaps

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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