Page 8 - Energy Sector

Serentica plans ₹1 trn investment to boost capacity to 17 GW by 2030: CEO

Akshay Hiranandani talks about about Serentica's future roadmap, and the current market scenario

Solex Energy net profit up 390% at Rs 42.79 cr in FY25 on higher revenues

Solar solutions provider Solex Energy on Tuesday posted 390 per cent jump in its net profit to Rs 42.79 crore for the fiscal year 2024-25, mainly on the back of higher revenues. The company's Earnings Per Share (EPS) rose to Rs 43.82, reflecting a 301 per cent year-on-year growth, a company statement said. According to the statement, Solex Energy also reported a remarkable 390 per cent increase in Profit After Tax (PAT), soaring to Rs 42.79 crore from Rs 8.73 crore in the previous year. The company delivered a robust performance, with consolidated revenues reaching Rs 665.82 crore, a significant 81 per cent year-on-year growth compared to Rs 368.02 crore in FY 2023-24, it stated. The stellar growth was driven by increased demand for solar modules, strategic execution of large-scale EPC projects, and geographical expansion in Maharashtra, Tamil Nadu, Uttar Pradesh, and Rajasthan, it added. Chetan Shah, Chairman & Managing Director, Solex Energy, said, "Our FY 2024-25 performance is

Adani Power Q4 results: Net profit falls 3.7% to ₹2,637 cr, revenue up 6.5%

The electricity producer's net profit was recorded at Rs 2,637 crore, down from Rs 2,737.96 crore a year ago

These 3 energy shares look promising as Nifty Oil & Gas nears major hurdle

The Nifty Oil & Gas index is approaching its 200-DMA after a gap of six months, breakout can lead the index to 12,450 levels; suggests technical charts. Here are 3 oil & gas stocks poised for a rally.

Delhi's power demand peaks at 6,015 MW, highest on Apr 28 in last 3 yrs

The peak power demand of Delhi, pushed by the hot weather, crossed 6,000 MW for the first time this season on Monday, said discom officials. According to the State Load Dispatch Centre, Delhi's peak power demand reached 6,015 MW at 3.30 pm -- the highest on April 28 in the last three years. Earlier, the highest peak demand on April 28 was 6,050 MW in 2022. The peak demand on April 28 in 2024 and 2023 was 4,994 MW and 4,428 MW. The maximum temperature in Delhi reached 40.4 degrees Celsius on Monday. BSES discoms -- BRPL and BYPL -- successfully met the demand of 2590 MW and 1290 MW in their distribution areas, said a spokesperson of the company. He said more than 2,100 MW of green power will play an important role in ensuring a smooth supply in Delhi during the summer months. Delhi is on the cusp of another historic power milestone, the SLDC said, adding that after clocking a record power demand of 8,656 MW in 2024, Delhi's peak power demand during the summers of 2025 may clock th

Adani Total Gas Q4 results: Profit falls 8% on higher gas purchase costs

The company, a joint venture of Adani Group and French oil major TotalEnergies SE, said its consolidated net profit fell about 8 per cent to Rs 1.55 billion

Adani Energy Solutions Q4 results: Net profit rises 79% to ₹647.15 cr

The company said that the recovery of past regulatory asset charges was recorded at ₹221.23 crore, which was added to the revenue from operations

Saudi Arabia, India to deepen energy ties, to set up two oil refineries

An accord was reached to establish two oil refineries in India through a joint venture between the countries, India's Ambassador to Saudi Arabia Suhel Ajaz Khan said in a briefing

IMEC, energy ties in focus as PM Narendra Modi begins Saudi Arabia visit

Possibility of pacts being explored in logistics, clean energy, data cooperation

JSW Energy aims for 30Gw generation capacity by 2030, revises target

Mamata Banerjee to lay foundation stone of firm's ₹16,000 cr Salboni plant on Monday

Adani Green's solar project in Andhra Pradesh gets regulatory clarity

CERC has refused to intervene in the substitution of agreements issue, citing it does not fall in the purview of tariff regulations of the Electricity Act 2003

Statsguru: Coal reigns supreme as India's clean energy remains elusive

The share of coal in India's total final energy consumption (TFEC) inched up from 31.08 per cent in FY23 to 33.01 per cent in FY24

Energy storage sector to attract Rs 4.79 trn investment by 2032: IESA

India's energy storage sector is likely to attract Rs 4.79 lakh crore investment by 2032, industry body India Energy Storage Alliance (IESA) said on Sunday. At the 5th Edition of International Conference on Stationary Energy Storage India (SESI) 2025 concluded last week at Gandhinagar, in Gujarat, industry body IESA projected that India's energy storage sector is poised to expand five-fold between 2026 and 2032, a statement said. The National Electricity Plan (NEP), projected that India will need an energy storage capacity of 16.13 GW (7.45 GW PSP (pumped storage project) and 8.68 GW BESS (battery energy storage system) with a storage capacity of 82.37 GWh (47.6 GWh from PSP and 34.72 GWh from BESS) by 2026-27. By the year 2031-32, the storage capacity demand is projected to increase to 73.93 GW (26.69 GW PSP and 47.24 GW BESS), with storage of 411.4 GWh (175.18 GWh from PSP and 236.22 GWh from BESS). "India's energy storage sector is projected to expand five-fold between 2026 and

Govt rationalises registration fee for Coal Import Monitoring System portal

The government on Thursday said it has rationalised the registration fee for the Coal Import Monitoring System portal. The move is aimed at further promoting ease of doing business and ensuring uniformity across import monitoring platforms. The Coal Import Monitoring System (CIMS) is a digital platform developed to streamline the reporting of coal imports, ensuring timely and accurate data for effective policy formulation and sectoral analysis. The registration fee has been revised to a flat rate of Rs 500 per consignment, effective from Tuesday. This replaces the earlier fee structure, which ranged from Rs 500 to Rs one lakh per consignment. Rationalisation in registration fee aligns CIMS with similar Import Monitoring Systems such as the Steel Import Monitoring System, Non-Ferrous Import Monitoring System (NFIMS), and Paper Import Monitoring System, all of which operate under a flat fee model "By enabling real-time monitoring and informed decision-making in coal imports ...

Rajasthan govt sets sights to become energy surplus, says minister

According to the plan, the state government aims to produce 30 gigawatts (Gw) of solar power by the end of the financial year 2025-26 (FY25)

NTPC to add 30 Gw coal-based thermal capacity by 2032 to meet demand

All the additional capacity will come as brownfield expansion of its current thermal power units across the country

Construction major L&T incorporates arm to develop green hydrogen projects

Green hydrogen is a clean, renewable form of hydrogen gas produced by using electricity from sources like solar, wind, or hydropower

India lead in new coal proposals in 2024, says Global Energy Monitor

Approximately 60 per cent of the 38.4 GW of India's new proposals are backed by state-owned entities (SOEs) using public funds

NTPC seeks interest from global companies for nuclear power plant tech

According to the company, the move is aligned with the national objective of self-reliance in nuclear technology and localisation of the nuclear power plant supply chain

Moment to unleash new generation of entrepreneurs, says Anil Agarwal

Despite India's immense natural wealth, he pointed out that 60 per cent of the country's imports are driven by natural resources such as oil, gas, gold, copper, and diamonds