Energy Sector

India's carbon market gathers pace as export markets raise cost of business

India's carbon market framework is moving towards implementation under the CCTS, but experts warn that verification gaps, weak penalties and limited sectoral coverage remain major concerns

India to invest over $20 bn in offshore energy mapping: Hardeep Singh Puri

The state-run upstream companies have invested over $0.5 billion in seismic data acquisition in the last eight years

Siemens Energy India Q4 FY26 results: Net profit jumps 52% to ₹375 crore

Siemens Energy India Ltd (SEIL) on Thursday posted 52.4 per cent rise in net profit at Rs 375 crore for March quarter. It had reported a net profit of Rs 246 crore in the same quarter a year ago, the company said in a statement. Revenue from operations rose 27.4 per cent to Rs 2,394 crore from Rs 1,880 crore in the year-ago period. Siemens Energy India follows October to September as its financial year. "We delivered another strong quarter with a focus on profitable growth and value creation. Despite current global scenario, the company kept its high performance through disciplined execution of its healthy backlog," Managing Director and Chief Executive Officer Guilherme Mendonca said. Demand momentum in India remains strong, driven by electrification, decarbonization and energy security priorities, as well as export opportunities, he added. SEIL provides solutions across the entire energy value chain from power and heat generation, transmission to storage.

PM Modi's UAE visit to focus on energy security, Fujairah cooperation

Prime Minister Narendra Modi's UAE stopover will focus on energy cooperation and Fujairah as India seeks alternatives to the Strait of Hormuz route

Adani calls for India to build, power, and own AI infra on home soil

Billionaire Gautam Adani said on Monday that energy security and digital infrastructure would define geopolitical power in the coming decades, as he called on India to build sovereign capabilities across the artificial intelligence value chain. Addressing the Confederation of Indian Industry's (CII) Annual Business Summit 2026, the chairman of the Adani Group said the assumptions underpinning decades of globalisation were being dismantled amid rising geopolitical fragmentation. "The world that is emerging is not flat. It is fractured and contested," Adani said. "Semiconductors have become instruments of statecraft. Data is being treated as a national resource. Clouds are being weaponised. And Artificial Intelligence is being built behind the protective walls of data centres." Referring to recent geopolitical conflicts and attacks on infrastructure, Adani said "energy security and digital security are now the twin pillars of national power." "The country that controls its energy wil

West Asia conflict highlights need for India to build natural gas reserves

Rising import dependence and supply disruptions amid West Asia tensions underscore the urgency for India to build strategic natural gas reserves and strengthen LNG storage capacity

Oil firms bleed ₹30,000 cr as fuel prices held steady despite energy shock

India's state-run oil marketing companies have bled an estimated Rs 30,000 crore in losses since mid-March as they kept fuel and LPG supplies flowing without raising retail prices despite facing an energy disruption that is bigger than all previous crises combined. Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have maintained uninterrupted supplies of petrol, diesel, LPG, aviation turbine fuel and other petroleum products since the start of the West Asia conflict, without raising retail prices despite a more than 50 per cent surge in input costs. Their supply networks were stretched to the limit, as panic buying triggered a sharp spike in demand after the war disrupted traffic through the Strait of Hormuz, a key route for the majority of India's energy imports. Yet there was no dry out or price increase. In doing so, the three companies together incurred an estimated Rs 30,000 crore in under-recoveries - the

Kimbal raises $22 mn Series B led by GEF to expand grid tech globally

Series B funding led by GEF Capital to support power management systems, expand AMI operations, and drive international growth beyond India's energy markets

Task force suggests measures to boost PNG penetration, reform CGD sector

It has pitched for rolling out 60 lakh new PNG connections by June, states mandating PNG in all new buildings and reduction on Value Added Tax on PNG

Why India needs to develop concentrated solar thermal power plants

India's solar boom has exposed grid and storage challenges, making it essential to scale up concentrated solar thermal power alongside batteries and pump storage for reliable round-the-clock energy

Hardeep Puri meets S&P chief, discusses energy markets, supply resilience

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday met Dave Ernsberger, President of S & P Global, and discussed global energy trends, supply resilience, and India's ongoing transition towards sustainable energy sources.In a post on X, Puri said, "Had a productive meeting with Dave Ernsberger, President, S & P Global. Our discussions centered on the demand supply situation in global energy markets and ways to build resilient energy supply chains. India is moving aggressively on Green Hydrogen, biofuel blending, and a range of alternative fuels, while simultaneously accelerating domestic exploration and production efforts."He added that these initiatives are aimed at building "a resilient, sustainable, and future-ready energy ecosystem for the nation," highlighting India's dual approach of strengthening conventional energy production while expanding clean energy alternatives.Earlier, Pushkar Singh Dhami met Puri at Kartavya Bhavan in New Delhi and raised .

Brookfield platform Evren secures $600 mn to supply 300 MW RE to NTPC

Brookfield-backed Evren raises $600 million for hybrid renewable project integrating solar, wind and storage to supply 300 MW power to NTPC under PPA

India becomes second-largest wind market in 2025, just behind China: BNEF

India records strong wind capacity additions in 2025, driven by hybrid renewable auctions, as it surpasses major markets to become the second-largest globally

PNGRB says LPG pipeline expansion plan to attract ₹12,500 crore investment

Regulator invites bids for LPG pipeline projects to reduce bulk road transport, improve efficiency and support cleaner energy distribution

Govt to launch 15th round of commercial coal mine auctions on April 17

The government will launch the 15th round of commercial coal mine auctions in Mumbai, aiming to boost domestic supply, attract investment, and strengthen energy security

Heavy coal use, RE growth to insulate India from spike in power tariffs

India's reliance on domestic coal and rapid renewable energy expansion could shield it from global power tariff shocks, even as fuel prices surge amid the West Asia conflict

Kalpakkam breakthrough must survive the tough test of time and safety

Few countries have built fast breeder reactors, and many later shut them due to the immense challenges of operating them safely

Cut oil demand, hedge imports: A practical path to India's energy security

India's oil imports (in volume terms) have, in fact, been decelerating. Against an annual average growth rate of 10.8% during 2005-06 to 2009-10, crude oil imports grew 1.9% during 2020-21 to 2024-25

Sergio Gor, Hardeep Puri discuss 'expanding access to American energy'

US envoy Sergio Gor and Hardeep Singh Puri discussed access to American energy and strengthening bilateral ties, a day after PM Narendra Modi's call with US President Donald Trump

India's Behind-the-Meter storage market to cross 39 GWh by 2033: IESA

India's energy storage sector is poised for a breakthrough decade, with Behind-the-Meter (BTM) stationary storage market projected to grow from 32 GWh annual demand in 2025 to over 39 GWh by 2033, a report stated. According to the report by India Energy Storage Alliance (IESA), the BTM systems include on site energy generation and storage located on the customer's side of the utility meter. These BTMs are like rooftop solar panels, battery storage, as well as batteries for backup applications installed with UPSA, inverters, and telecom towers. These systems enable direct use of generated or stored energy without passing through the grid. As the cost of lithium-ion batteries and solar-plus-storage systems continues to tumble, more businesses and consumers across India are turning to on-site energy storage to manage rising grid tariffs and ensure reliable power. In 2024, the levelized cost of energy from a rooftop solar system with storage hovering around Rs 6-7 per kWh, is already