Energy Sector

Shera Energy eyes 25-30% revenue growth in FY27, bets on capacity expansion

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

India opens nuclear power sector to proven foreign reactor technology

Draft rules allow private companies to seek in-principle approval for vendor tie-ups, land, and preliminary work, while nuclear projects will face stage-wise regulatory scrutiny

PM Modi flags energy security, critical minerals as key future priorities

The Prime Minister said rising demand from chips, AI and data centres makes energy security crucial, while India is also working to secure critical mineral supply chains

Tighter energy norms to cut profitability of urea makers by a qtr: Crisil

Crisil said impact will not be uniform, as it will be sharper for manufacturers with greater dependence on legacy urea ops and for plants that benefited most from earlier efficiency-linked savings

India needs to boost strategic storage capacity: BP India head Dube

BP India Chairman Kartikeya Dube says India should expand strategic reserves, diversify energy sources and increase domestic oil and gas production to enhance energy security

Weekly economy wrap: Factory growth accelerates as govt unveils energy push

Industrial and services activity strengthened, while fiscal spending, energy security and export competitiveness dominated the policy agenda

Cabinet clears ₹84K cr scheme to boost offshore energy exploration

The National Offshore Exploration Scheme aims to boost domestic oil and gas production through seismic surveys, deepwater drilling and shared offshore infrastructure

Solar met over 20% of peak power demand in June quarter: CREA report

Solar generation rose 37 per cent year-on-year in Q1FY27 and met more than one-fifth of peak electricity demand as renewable energy's role in India's power mix expanded

Energy diversification cushions India against Strait of Hormuz turmoil

Despite the 14-point memorandum of understanding signed between the US and Iran on June 18 to end conflict, carriers have preferred to use land routes from ports east of the Strait of Hormuz: Experts

India's energy intensity falls 30% since 1991, easing oil shock risks

This means that while the economy may use larger amounts of energy on an absolute basis as it grows, it is now generating more output per unit of energy consumed than before

Telecom, energy, and commodities may lead Q1FY27 earnings growth

Reliance Industries, Hindalco Industries and ONGC are expected to lead the growth charts in revenue

India's energy storage requirement to hit 888 GWh by 2035-36: Report

India will require 888 GWh of energy storage system capacity by 2035-36, up from 1 GWh currently, according to an industry report released on Wednesday. The report highlighted how energy storage is now the key pillar in strengthening grid reliability and enabling the country's renewable energy ambitions, a statement said. India will require 888 GWh of energy storage system (ESS) capacity by 2035-36, from the existing 1 GWh scale, according to the 'India BESS Market Review' released by India Energy Storage Alliance (IESA) and Customized Energy Solutions (CES) at India Energy Storage Week (IESW) here on Wednesday. The inaugural session of IESW 2026 featured industry leaders and delegates from 15 countries. Debmalya Sen, President of IESA, said on the occasion that the IESW 2026 is more than an industry summit; it's a testament to how far India has come on its clean energy journey. The 888 GWh target by 2035-36 signals a new era where energy storage is at the centre of our energy ...

India's energy stress test: How agile policy kept the economy moving

That was no small achievement. India imports nearly 90 per cent of its crude oil and around 60 per cent of its LPG, much of it normally arriving from the Gulf

Strengthening India's energy security beyond the Strait of Hormuz crisis

We can hope for peace opening the Strait of Hormuz, but must prepare for war closing it

India's emission record improved in 2025: Global climate consultants

India recorded its slowest rise in carbon emissions since the pandemic, aided by slower fossil fuel use and rapid renewable energy growth, a global report shows

Rajasthan govt fast-tracks green building code with EV, renewable focus

Draft code mandates rooftop renewables and EV-ready parking for large commercial buildings as Rajasthan speeds up green construction norms with incentives and penalties

Adani Green says 2,000 GW capacity vital for India's energy security

India must add nearly 2,000 gigawatts of new power generation capacity over the next two decades to meet rising energy demand while reducing dependence on imported fuels, Adani Green Energy Executive Director Sagar Adani said, calling electrification the country's clearest pathway to energy security. Speaking at the inaugural Adani Green Electrification Dialogue here, Adani said India faces the dual challenge of meeting surging electricity demand while ensuring energy remains affordable, accessible and increasingly clean amid growing geopolitical uncertainty. "We are talking about a structural leap, adding nearly 2,000 gigawatts of new capacity over the next two decades. All while ensuring that this energy remains affordable, accessible, and increasingly clean. That is the scale of the opportunity. And that is India's defining challenge," he said. Adani said India consumed about 10,000 terawatt-hours of energy across all fuel sources in 2024, compared with 32,810 terawatt-hours in .

India to host BRICS energy ministers' meeting in Gurugram on June 25-26

India will host the 11th BRICS Energy Ministers' Meeting under its 2026 Chairship, focusing on energy security, sustainability, innovation and universal access to energy

India may ease emergency fuel curbs once global tensions ease: Official

Measures on LPG monitoring, gas allocation and fuel hoarding were imposed to protect domestic supply after disruptions around the Strait of Hormuz

India needs to diversify crude import routes more: S&P Global Energy

The West Asia crisis has exposed India's import-linked energy security risks, making diversified crude routes and deeper storage buffers more urgent, S&P said