Energy Sector

Power Grid eyes long growth runway as transmission opportunity expands

A ₹2.2 trillion order book, GEC III, HVDC, intrastate transmission and storage projects underpin growth, though land acquisition and competitive bidding remain key risks

Govt plans mandatory energy storage rules for power distributors by March

Details of the policy, including how much storage distributors will be required to buy, are still being discussed, Power Secretary Pankaj Agarwal said on Thursday

Cabinet clears ₹14,500 crore VGF scheme for 92 GWh energy storage capacity

The scheme will support 92 GWh of grid-scale energy storage capacity by FY31, including pumped storage and battery projects, with an estimated investment of ₹97,600 crore

Green hydrogen push faces reality check as projects struggle to take off

Nearly four years after launch, India's green hydrogen mission faces high costs, slow execution, and uncertain demand. Experts say bankable contracts and purchase mandates hold the key to success

GAIL Q2 net profit jumps to ₹4,650 cr as gas marketing revenue rises

GAIL's September-quarter profit more than doubled to ₹4,650 crore as gas marketing revenue rose 31%. The company also approved plans to list subsidiary GAIL Gas through an IPO.

2026 an inflection point resembling 1991: CEA V Anantha Nageswaran

Nageswaran calls for building strategic leverage for geopolitically contested resources

JSW Energy Q2FY27 results: Net profit grows over 38% to ₹1,141 crore

JSW Energy on Wednesday reported an over 38 per cent year-on-year rise in consolidated net profit to Rs 1,141 crore in the September quarter, driven by higher revenues. The company had posted a net profit of Rs 824 crore in the second quarter of the preceding financial year, JSW Energy said in an exchange filing. During July-September, the company's total income rose to Rs 6,657.71 crore from Rs 5,361 crore in the year-ago period. The board of JSW Energy also approved raising of long-term funds up to Rs 5,000 crore through the issuance of rated and listed non-convertible debentures on a private placement basis, in one or more tranches, and authorised the Finance Committee to decide on all matters relating to the issuance of the debentures, from time to time, including finalisation and approval of the detailed terms of issue, the filing said. The company's current installed capacity stands at 15,147 MW, of which renewables account for 9,189 MW, or 61 per cent. The renewable portfoli

Singapore diversifies energy supplies as Indonesia cuts gas exports

The remarks came as Indonesia began reducing natural gas exports to the city-state from Saturday, as President Prabowo Subianto seeks to bolster domestic supply

Swelect Energy plans ₹4,500 cr investment, eyes ingot-wafer manufacturing

Swelect Energy plans to expand its independent power producer portfolio to 1 GW over two years and enter ingot and wafer manufacturing as part of its renewable energy push

Adani Total Gas Q2 profit rises 3% to ₹167 cr as revenue jumps 34%

Adani Total Gas' Q2FY27 net profit rose 3% to ₹167 crore, while revenue jumped 34% to ₹2,102 crore, driven by higher CNG and PNG sales despite a 43% rise in natural gas costs.

Tata Power to set up ₹54 crore GCC in Odisha for next-gen energy solutions

Tata Power's new global capability centre in Odisha will develop AI-driven solutions for the energy sector, with an investment of Rs 54.31 crore and plans to create 110 skilled jobs.

Trump's sanctions waiver offers India temporary relief, no certainty: GTRI

US President Donald Trump's waiver from sanctions, restrictions and tariffs under the Sanctioning Russia and Iran Act (SRIA) gives India temporary relief but offers no lasting certainty, and New Delhi should safeguard its energy security and buy oil on commercial terms, think tank GTRI said on Saturday. It said that the move gives India relief from threatened additional duties of up to 100 per cent linked to Russian oil purchases. "But the relief is reversible. Washington can restore the tariffs anytime, leaving India and other buyers uncertain about future US action," the Global Trade Research Initiative (GTRI) said. It also said SRIA remains a law, leaving Washington free to revive the tariff threat to extract concessions in bilateral trade talks. The think tank added that Russia's share of Indian oil imports fell from 51 per cent in July to 44 per cent in August as India bought more from the US, despite higher prices, and from the UAE. "For India, the waiver buys time but offer

IGX receives regulator's approval for LNG capacity booking platform

The platform will allow LNG terminal operators to list unused regasification capacity and enable buyers to book available slots, improving transparency and infrastructure utilisation

Canadian subsurface engineering firm VZFOX set to enter Indian market

The subsurface engineering firm plans a five-member Bengaluru team and will focus on mature-field revitalisation, reservoir optimisation, EOR, IOR and carbon-storage projects

From roads to solar: DBL plans ₹15,000 crore energy infrastructure push

Dilip Buildcon plans to invest ₹6,572 crore in Madhya Pradesh solar projects, with its overall energy portfolio expected to generate lifetime revenue of ₹68,000 crore

Spot electricity prices double amid demand surge and coal crunch

Most NTPC plants have coal stocks for just 7 days

Adnoc-backed AIQ secures deal to enter India's oil and gas markets

AIQ will deploy its technology across the refineries, gas stations and digital stores of an Indian oil and gas conglomerate

Nobody is allowed to put cap on sales: Oil Secretary Neeraj Mittal

'Phase of anxiety' not over for India, but consumers remain insulated from energy price shock: Puri

US happy to become provider as India diversifies energy sources: Official

India-US ties have grown significantly over the past year, with Washington emerging as an important energy supplier to New Delhi as it diversifies its sources, a senior US official has said. US Department of State Deputy Assistant Secretary Bethany Morrison on Thursday said the relationship between the two countries now spans energy, defence, commercial cooperation and multilateral engagements, with South Asia becoming a major priority for the Trump administration. "When you look at India, just over the last year with the US-India partnership, the scale and breadth of that relationship has grown from last year," Morrison said at a roundtable organised at the New York Foreign Press Centre. She also cited the 10-year defence framework agreement between India and the US and new initiatives in the energy sector as examples of the expanding partnership. "India for the first time in 20 years reformed their nuclear regulatory environment by passing the SHANTI Act, and now we're moving ...

India vows to protect energy security, warns US tariffs could hit ties

India remains firmly committed to ensuring energy security for its 1.4 billion people, and it will continue to do so through diversified sourcing, the Ministry of External Affairs (MEA) said on Thursday while reacting to the US' Russia sanctions legislation. The US House of Representatives has passed the Lindsey O Graham Sanctioning Russia and Iran Act that authorises President Donald Trump to impose sanctions on Russia and steep tariffs on its trading partners such as India and China in the oil and gas sector. "As stated on several earlier occasions, India remains firmly committed to ensuring energy security for its 1.4 billion people," the MEA said in a statement. "It will continue to do so through diversified sourcing and on the basis of evolving market dynamics," it said. The MEA said the issue has been "discussed at high levels in recent months with various US interlocutors". "Its potential implications for not just the bilateral relationship but also the international energy