Page 11 - Energy Sector

Naveen Jindal Group forays into nuclear energy with a new company

"This strategic initiative aligns with the Government of India's Union Budget 2025 announcement, which targets 100 GW of nuclear power capacity by 2047'' the company said

Reliance Power Q3FY25 results: Firm records Rs 41.95 crore net profit

The company stated that it reduced the debt-to-equity ratio from 1.61:1 in FY24 to 0.86:1 in Q3FY25

Govt likely to flag deportation by US military aircraft during Modi's visit

Discussions between the two sides will also cover the entire gamut of issues from trade, energy security to increased security cooperation, sources said

Nuclear focus promising but risky; strong regulatory measures key

While accelerating nuclear adoption and private sector involvement, the government must ensure strong regulatory measures to maintain safety

The nuclear option: Budget bets big on nuclear power, but questions remain

Budget bets big on nuclear power but questions remain

Emphasis on green transition to strengthen India's clean energy leadership

The Budget's focus on green transition will strengthen India's position as a global clean energy leader and meet decarbonization goals, industry players said. Girish Tanti, Vice Chairman, Suzlon said by strengthening Aatmanirbhar Bharat across manufacturing and agriculture, with a focus on clean tech, wind, solar, EV, and battery storage, the budget aims to accelerate self-reliance in wind and solar manufacturing. Pratik Agarwal, Managing Director, Sterlite Power and Chairman, Serentica Renewables, said there is continued focus on domestic manufacturing of generation and storage equipment, there is new-found mention of high-voltage transmission equipment. Given that there are global deficits in this product category, focusing on this sub-segment is a very sound move. Goldi Solar Managing Director said the National Manufacturing Mission's targeted support for all renewable energy sources is a welcome move, as it reinforces India's commitment to a level playing field and ambitious ...

Budget 2025: 'Made in India' energy transition gets boost with duty cuts

Customs duties on input goods for electric vehicles, solar panels slashed

Budget 2025: Energy stocks rally up to 9% on Nuclear Energy Mission plan

Budget 2025 highlights: Development of at least 100 gigawatt of nuclear energy by 2047 is essential for our energy transition effort, FM Sitharaman said on Saturday during Union Budget 2025 speech

Vedanta Q3 FY25 results: Net profit rises 76.2% to Rs 3,547 crore

During the quarter, the metals and oil & gas company reported a consolidated net profit of Rs 3,547 crore, compared to Rs 2,013 crore a year ago

Critical mineral mission shows India's effort for energy security: Deloitte

Consulting firm Deloitte India has welcomed the government's approval to Rs 16,300-crore National Critical Mineral Mission stating that it is well-timed and signals a commitment to strengthen energy security in the face of global uncertainties. "The Cabinet's approval of the National Critical Mineral Mission, accompanied by a significant financial outlay, is a major step forward for India's energy security. Given the country's vulnerability to geopolitical shifts surrounding critical minerals, this mission addresses a key area of concern. It is a well-timed and highly welcome move by the government," Rakesh Surana, Partner, Deloitte India, said in a statement. What stands out most about this initiative is its holistic approach that covers the entire value chain. The focus is not just on the exploration of critical minerals, but also on crucial elements such as processing and recovery from end-of-life products, he said. "This multi-faceted approach will likely drive significant ...

Adani Power Q3FY25 results: Net profit rises 12% to Rs 3,057 crore

Board approves fund-raising plans of Rs 5000 crore through equity sale, enhances NCD limit to Rs 11000 crore

Suzlon Energy Q3FY25 results: Net profit rises 90% to Rs 387 crore

Revenue from operations rose 91 per cent to Rs 2,968.81 crore for Q3FY25, compared with Rs 1,552.91 crore in the corresponding period last year

Shyam Metalics and Energy Q3 results: PAT rises 56% to Rs 197 crore

Integrated metal-producing company Shyam Metalics and Energy Ltd (SMEL) on Tuesday reported a 56.3 per cent rise in consolidated Profit After Tax (PAT) at Rs 197 crore for the quarter ended December 31, 2024. The company had posted a consolidated PAT of Rs 126 crore in the year-ago period, SMEL said in a statement. The revenue of the company during the third quarter rose to Rs 3,753 crore over Rs 3,315 crore in the year-ago period. "We are delighted to report an exceptional performance in Q3FY25, with profitability soaring....to Rs 197 crore. Quarterly revenues increased...to Rs 3,753 crore while Operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached Rs 456 crore. "The consistent growth of our value-added product portfolio further reinforces our commitment to diversification and strengthening our market position," the company's Vice Chairman and Managing Director Brij Bhushan Agarwal was quoted as saying in the statement. Shyam Metalics is an ..

West Asian Energy again? Geostrategic shifts, reconstruction reshape region

Following the sabotage of the Nord Stream pipelines and suspension of supplies via the Yamal pipeline through Poland, Russia has to compete for access to European markets mainly through LNG exports

Global mining sector needs $1.7 trn funding to transition energy: HZL cheif

The global mining sector requires an estimated investment of USD 1.7 trillion to facilitate energy transition, Hindustan Zinc's (HZL)Chairperson Priya Agarwal Hebbar has said. "For the energy transition to happen successfully...we need $1.7 trillion in mining investment. We see an opportunity in India. India is in a sweet spot where it can thrive in this sector," she said. At the recently held World Economic Forum in Davos, Hebbar addressed the critical topics surrounding the global energy transition on multiple occasions. She spoke about the importance of critical minerals, the future of climate action strategies, embedding sustainability across the value chain, prioritising women's health and driving India's workforce revolution. She was amongst the few Indian women entrepreneurs representing Vedanta and Hindustan Zinc at the esteemed forum, where industry stalwarts, political leaders, academicians and scholars create dialogues with the mission to improve the state of the world.

India Energy Week 2025 to be 2nd largest global energy event: Hardeep Puri

The third edition of the four-day India Energy Week, which is scheduled to take place in the National Capital from February 11, will be the second-largest energy event globally in terms of participation, exhibition space, and sessions, Union Minister Hardeep Singh Puri said on Friday. Addressing the media here ahead of the four-day event, Puri, who is the Minister for Petroleum and Natural Gas, said that a Clean Cooking Ministerial will also be hosted on the sidelines of the India Energy Week 2025. The Ministerial will serve as a vital platform to strengthen collaborative efforts for accelerating the global adoption of clean cooking solutions and further amplify India's leadership role in ensuring access to sustainable and affordable energy solutions, reinforcing its global commitment to energy equity, the government said. India's highly successful Pradhan Mantri Ujjwala Yojana (PMUY) will take centre stage, showcasing valuable insights and best practices as a global template for ..

'India's gain lies in Donald Trump's peace deals in Gaza, Ukraine'

The expansion in US LNG capacity could lead to a global oversupply by the decade's end, potentially lowering prices

Trump 2.0: More US energy exports to India likely, says Hardeep Singh Puri

Trump's energy push may lead to increased American crude oil, LNG shipments to the country

Adani Energy Solutions' order book grows to Rs 54,700 cr with new projects

Adani Energy Solutions Ltd, India's largest electricity transmission and distribution company, has won two new transmission projects, helping swell its order book to Rs 54,700 crore -- more than three times of the work order it had at the start of current fiscal in April 2024. In October-December 2024 -- the third quarter of the fiscal year April 2024 to March 2025 (FY25), won two new transmission projects worth Rs 28,455 crore in Rajasthan, related to the renewable energy park, Jefferies said in a report. The orders include the 25,000-crore Bhadla-Fatehpur HVDC project, which is AESL's largest order win till date. These order wins have pushed up the company's market share in TBCB (tariff-based competitive bidding) orders to 24 per cent, from 17 per cent in the second quarter. AESL's current order book now stands at Rs 54,700 crore, as compared to Rs 17,000 crore in the beginning of the current financial year. This is the highest order book amongst all private sector transmission .

U'khand govt inks pact with Iceland's firm for growth of geothermal energy

Through his virtual presence, CM Dhami described this MoU as a milestone in the field of energy security and sustainable development of Uttarakhand as well as the country