Page 8 - Energy Sector

Nuclear energy can help power India's economic growth, private push welcome

For decades, state control was justified by concerns over radiation safety, misuse of nuclear material, and strategic security

Maharashtra inks MoUs worth ₹42,893 cr; projects to create over 28k jobs

The Maharashtra government on Tuesday signed memoranda of understanding (MoUs) worth Rs 42,893 crore with various companies for data centre and solar energy projects in the state. Speaking on the occasion, Chief Minister Devendra Fadnavis said the state is emerging as the data centre capital and solar energy integration capital of India. Eight MoUs for various investments and two strategic agreements, including a partnership with the UK to attract foreign investments, were signed. The MoUs worth Rs 42,893 crore are expected to generate 28,558 jobs, it was stated. The chief minister said these investment commitments reflect the trust of investors and the leadership of Prime Minister Narendra Modi. Fadnavis assured investors that the state government will offer full support from start to finish to ensure smooth implementation of the projects. He also announced renewed momentum for the state's ambitious hyperloop project, now progressing with the involvement of IIT Bombay and IIT ..

Rajasthan rides the crest of renewable energy wave, attracts investments

The state emerges as the top destination for new investment projects in Q1FY26, displacing the more advanced states of Maharashtra and Gujarat

NTPC becomes first PSU to adopt global standard for power supply continuity

Energy firm NTPC becomes first PSU in India's power sector to adopt ISO 22301:2019-based business continuity plan, ensuring uninterrupted operations during disruptions

PM Modi's I-Day speech highlights: GST reforms, Sudarshan Chakra, and more

Here are the top highlights from PM Modi's Independence Day speech, which lasted for 103 minutes

PM Modi's I-Day speech: India working on self reliance in energy sector

PM Modi said the country is working towards energy self-reliance through 'samudra manthan' as it scouts for oil and gas reserves in mission mode

Sanctions-hit refiner Nayara in talks with Indian govt to sustain ops

The private refiner, majority-owned by Russian companies including Rosneft, was sanctioned by the EU last month as part of a package targeting entities linked to Russian oil

Govt likely to allow private cos to mine uranium to help nuclear expansion

Prime Minister Narendra Modi's government plans to expand nuclear power production capacity by 12 times by 2047

Juniper Green Energy gets ₹1,739 cr debt funding from Ireda for renewables

Juniper Green Energy on Wednesday said it has secured Rs 1,739 crore in debt financing from Indian Renewable Energy Development Agency Ltd (IREDA). This funding will support the growth and development of Juniper Green Energy and its subsidiaries, enabling the execution of large-scale renewable projects and strengthening its operational capacity, a company statement said. According to the statement, Juniper Green Energy has successfully secured Rs 1,739 crore in debt financing from IREDA. This round of financing follows Juniper Green Energy's successful USD 1 billion debt raise last year, from leading financial institutions, including Power Finance Corporation Ltd (PFC), DBS Bank, HSBC Bank, and IREDA. "This funding from IREDA marks another important step in our growth journey. We remain committed to scaling renewable energy infrastructure that is sustainable and aligned with India's energy goals," Parag Agrawal, Chief Financial Officer, Juniper Green Energy, said. Juniper Green En

European Union sanctions cloud lenders' confidence in Nayara Energy

SBI halts trade, foreign currency transactions to avoid adverse action

Over 1.67 million households benefitted under solar scheme: Govt to RS

A total of 16.78 lakh households have been benefitted with rooftop installations under the PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY) and over Rs 9,000 crore has been disbursed as Central Financial Assistance (CFA) to the beneficiaries, Parliament was informed on Tuesday. The Ministry of New & Renewable Energy (MNRE) is implementing PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY) across the country since February 2024. The scheme targets to achieve rooftop solar installations in one crore households in the residential sector by 2026-27. "A total of 16.78 lakh no. of households have been benefitted with rooftop solar installations under the scheme as on 05.08.2025 and amount of Rs 9,280.88 crore has been disbursed as Central Financial Assistance (CFA) to the beneficiaries," Minister of State (MoS) for New and Renewable Energy and Power Shripad Yesso Naik said in a reply to the Rajya Sabha. The MNRE had launched Grid Connected Rooftop Solar Programme Phase-II in March 2019. In ...

Growing pains: NTPC expansion spawns companies and CEOs in equal measure

The power conglomerate is increasingly looking at downstream renewable energy projects and is creating new companies and chief executives to run them in without PSU-culture constraints

Motilal Oswal bets on India's wind sector, recommends buying this stock

Key growth drivers include India's sizeable underutilised manufacturing base-currently operating at only 20-25 per cent of its ~18GW annual WTG capacity-and strong domestic engineering expertise.

Govt plans to ease petrol pump licensing norms amid energy security push

The government is considering further easing the norms for setting up petrol pumps in the world's fastest-growing fuel market, in light of the evolving energy security paradigm and commitment to decarbonisation, according to an official order. The government had in 2019 relaxed the norms for setting up petrol pumps, opening the door for non-oil companies to enter the fuel retailing business. At that time, companies with a net worth of Rs 250 crore were permitted to sell petrol and diesel, provided they committed to setting up infrastructure for at least one new-generation alternative fuel, such as CNG, LNG, biofuels, or EV charging, within three years of beginning their operations. For companies wanting to sell petrol and diesel to retail and bulk consumers, the networth criteria was set at Rs 500 crore. The Ministry of Petroleum and Natural Gas has now constituted an expert committee to review the 2019 guidelines for granting authorisation to market transportation fuels. The expe

Chhattisgarh govt inks agreement with NHPC to develop 1800 MW PSP

NHPC inked the pact on August 8 with the Chhattisgarh government and Chhattisgarh State Power Generation Company Limited (CSPGCL) for developing the pumped storage projects

The stealth reform of India's electricity sector gains quiet traction

To ease utility opposition and win approval, renewables are framed as captive generation-meant to meet the developer's own energy needs

SECI sees record-low price of ₹55.75 per kg in first green ammonia auction

This holds significance as low-priced green ammonia is pivotal for India to reduce reliance on imported natural gas for fertiliser production, lower carbon emissions, and enhance energy security.

Nuclear power-focused Core Energy Systems raises ₹200 crore funding

Engineering, procurement and construction services provider Core Energy Systems on Wednesday announced a Rs 200 crore fund raise from a clutch of investors. The over 20-year-old EPC company, which is currently refurbishing India's oldest nuclear facility at Tarapur near here, aims to utilise the funding for expanding infrastructure and manufacturing and strengthening its capacity to deliver large-scale nuclear projects. The funding will also reinforce efforts supporting India's Small Modular Reactor (SMR) and Bharat Modular Reactor (BMR) programmes, a statement said. Pankaj Prasoon and Ashish Kacholia, along with a consortium of "strategic investors aligned with India's long-term national goals", have invested Rs 200 crore in the company as part of the current round, it said. "This investment gives muscle to our commitment to shaping India's civil nuclear future," the company's managing director, Nagesh Basarkar, said. The statement said given the country's ambitions of upping nuc

60% women in energy sector seek gender-based policies: IESA report

About 60 per cent of women respondents in the energy sector have called for gender-responsive policies to boost the country's 500 GW renewables target by 2030, a report by industry body India Energy Storage Alliance (IESA) said. The study, conducted across 26 states highlighted the urgent need for strong policy and regulatory frameworks to foster participation of women in India's energy sector, an IESA statement said. The report revealed that 60 per cent of women in energy sector sought gender-responsive policies to boost India's 500 GW clean energy target by 2030. With robust government schemes and initiatives such as the PM Surya Ghar, PM KUSUM, and National Green Hydrogen Mission, the industry is striving towards unlocking the full potential of women's engagement in the sector. IESA President Debmalya Sen said in the statement, "Women are not just participating in the energy transition -- they are leading it from the frontlines." The IESA is a premier industry body dedicated to

Running on clean hopes, dirty fuel: India's renewable plans face key risks

India's renewable plans read bold, but shortfalls in generation, grid gaps, and sluggish execution risk dimming the big switch