Page 9 - Energy Sector

Centre denies issuing advisory to halt new clean energy financing

The clean energy ministry's letter rattled solar manufacturers in the country, with many raising concerns that the move could choke financing for the entire sector

C&I RE capacity may rise to 60-80 GW by 2030, says MNRE secretary

MNRE secretary Santosh Sarangi said C&I renewables could rise to 60-80 GW by 2030, with this year's installations likely above 5-6 GW via bids and contracts

Commercial & Industrial renewable capacity to hit 60-80 GW by 2030

The official said that by 2030, C&I RE capacity will be between 60 GW and 80 GW

Strains in Australian met coal supply raise energy risks for India: Report

Strains in Australian metallurgical (met) coal supply has heightened energy security risks for India, which depends on imports for 90 pc of its needs, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The Indian government and steelmakers have begun reducing reliance on Australian met coal but India needs to go further to prevent India's steel sector from being weighed down by long-term energy security challenges, it noted. India aims to reach a crude steel production capacity of 300 million tonnes per annum by 2030. Much of this growth is driven by the blast furnace (BF) technology that uses met coal. As a result, the Indian steel sector depends heavily on imported met coal since domestic met coal does not meet quality requirements due to its high ash and sulphur content. India currently imports around 90 pc of its met coal, primarily from Australia. However, concerns are mounting over the reliability of the future supply from Austral

As India transitions to clean energy, it must empower states for task

The success of net-zero transition depends less on national mandates and more on local innovation

Singapore's energy firm Sembcorp plans IPO of Indian unit, says report

Sembcorp's Indian arm, Sembcorp Green Infra, operates businesses in wind, solar and energy storage, and competes with the likes of Adani Green Energy and Avaada Group

Govt working on ways to reduce energy consumption in AC sector: DPIIT Secy

The government is exploring measures to curb energy consumption in the air conditioning sector, as demand in this segment is expected to spike in the coming years, a senior official said on Monday. Secretary in Department for Promotion of Industry and Internal Trade (DPIIT), Amardeep Singh Bhatia said that in this area, the government is not only looking at introducing new technologies, but also talking about transfer of technologies to promote domestic manufacturing. "As far as the energy consumption side is concerned, there are various areas where you can reduce energy consumption. So there are a number of steps we are looking at...our energy consumption demand is going to be huge in the AC sector in the coming times," he said here at an event. He said these measures are aimed at reducing energy consumption footprint in the country. "So that is something we are designing. We are working with the World bank on it. We are not only looking at introducing new technologies, but also .

Balanced public-private role vital for India's energy sector: Suman Bery

Niti Aayog Vice Chairman Suman Bery on Thursday said a balanced mix of public and private participation is crucial to achieve efficiency, resilience, and innovation in the energy sector. Berry made the remarks while addressing the Energy Security Conference organised by the Confederation of Indian Industry (CII) here. "The structure of our energy market, particularly in hydrocarbons, needs careful rethinking. A balanced mix of public and private participation will be critical to achieving energy efficiency, resilience, and innovation," a statement quoted the Vice Chairman as saying. Bery called for a review of the current market structure of India's energy sector, saying the traditional dominance of public-sector enterprises in hydrocarbons and electricity generation must evolve to reflect the changing realities of the energy transition, CII said in a statement. He said energy security is not just about ensuring supply, it is about affordability, diversification, and resilience. Th

PM Narendra Modi promises timely completion of India-Bhutan railway links

During his Bhutan visit, PM Modi announced a Rs 4,000-crore credit line for Thimphu's energy sector and promised timely completion of two India-Bhutan rail links approved in September

Tata Power to invest ₹25,000 crore in renewable projects by FY27

Tata Power will set up 4 GW of new renewable capacity by FY27, explore 10 GW ingot and wafer manufacturing, and develop a 1,125 MW hydro project in Bhutan

Polar vortex threat may push up winter energy bills in US, Europe, Asia

A deep freeze would likely mean higher prices for power and natural gas, adding to the cost burden for ratepayers as inflation remains stubbornly high and major economies show signs of persistent weak

KP Energy Q2 results: Net profit rises 44% to ₹36 cr on high revenues

KP Energy on Friday posted 44 per cent growth in its net profit to Rs 35.95 crore in September quarter compared to a year ago mainly on the back of higher revenues. "The company has recorded its highest-ever Q2 Profit After Tax (PAT) on a consolidated basis for Q2FY26 at Rs 35.94 crore in comparison to that for Q2FY25 at Rs 24.94 crore representing a growth of 44 per cent," said a regulatory filing. The company has reported a total revenue of Rs 303.47 crore in Q2FY26 reflecting a significant growth of about 50 per cent to Rs 202 crore in Q2FY25. This also marks the highest ever total revenue achieved in any second quarter, it stated. The reported quarterly basic EPS of the Company has increased from Rs 3.74 in Q2FY25 to Rs 5.36 in Q2FY26 representing an increase of about 43 per cent. The board also approved and declared second Interim Dividend at 5 per cent i.e. 25 paise per equity share having face value of Rs 5/- each of the company, for the financial year 2025-26. The Record

KP Green Engineering net profit more than doubles to ₹58 cr in H1FY26

KP Green Engineering's net profit more than doubled to Rs 58 crore in first half of the fiscal ended September 2025 compared to a year ago, mainly on the back of higher revenues. "Profit After tax (PAT) growth of 112 per cent at Rs 58 crore during H1 FY26, as compared to Rs 27 crore in the corresponding period H1 FY25," company stated in a regulatory filing. Consolidated total income in the first half of FY26 surged by 101 per cent to Rs 536 crore as compared to Rs 266 crore recorded in the year-ago period. Earnings Per share (EPS) touched Rs 11.66 in the reporting period, up 112 per cent against Rs 5.50 per share in H1 FY25. The company's debt-to-equity ratio stood at 0.09 times in H1FY26, indicating a lowered long-term leverage, enhancing its capability to leverage in future for business growth, it stated. Net worth has strengthened further to Rs 382 crore in H1FY26 from Rs 279 crore a year ago, the company stated. The borad also approved and declared an interim dividend at 5 p

Premier Energies enters transformer manufacturing with 51% Transcon stake

Premier Energies on Thursday announced its foray into transformer manufacturing by acquiring a majority 51 per cent stake in Transcon Industries for a total consideration of Rs 500.3 crore. The acquisition is a key milestone in its strategy to become a fully-integrated clean energy solutions provider, Premier Energies said in a statement. The renewable energy player said it has entered into definitive agreements to acquire a 51 per cent ownership interest in Transcon Industries for a total consideration of Rs 500.3 crore. "This investment marks our foray into the fast-growing transformer business on the back of surging renewable power capacity addition and growing electrification of the economy," Premier Energies MD & CEO Chiranjeev Saluja said. The acquisition of Transcon, which manufactures a wider range of transformers, including solar and distribution, will help Premier Energies move further downstream, offering integrated and bundled solutions to power producers, DISCOMs, and

Govt says India's renewable energy sector has entered consolidation phase

Government says renewable sector is transitioning from rapid expansion to a consolidation phase, focusing on grid integration, dispatchable energy, and market reforms

Core sector growth slips to 3-month low of 3% in Sep as energy output fall

Core sector growth eased to a 3-month low in September as output in coal, crude oil, refinery, and gas declined, even as steel demand stayed robust

Coal may singe net-zero journey as India readies updated climate pledge

Indian policymakers are drawing up an updated climate change pledge to be presented to the UN by early November. The world's watching closely

NTPC begins commercial operations of 38 MW solar capacity in Gujarat

State-owned NTPC Ltd on Sunday said it began the commercial operation of a 38-MW solar power capacity of its step-down subsidiary in Gujarat. The new unit is part of the 300-MW Khavda Solar Energy Project of NTPC Renewable Energy Limited, a step-down subsidiary of NTPC through its subsidiary NTPC Green Energy Limited, the public sector power generator said in an exchange filing. The first part capacity of 142.2 MW, second part capacity of 32.8 MW and third part capacity of 49.125 MW have already been declared commercially operational with effect from June 28, June 30, and August 22 this year, respectively, NTPC said. "...the fourth part capacity of 37.95 MW out of 300 MW Khavda Solar Energy Project under 450 MW Hybrid Tranche V Project in Gujarat of NTPC Renewable Energy Limited, a stepdown subsidiary of NTPC Limited through its subsidiary NTPC Green Energy Limited", has been declared commercially operational on October 19, the filing said. A total capacity of 262.07 MW has been ..

India developing 200 MW nuclear reactors to power commercial ships

India is developing 200 MW nuclear power reactors, compact in size that can be deployed on commercial ships. "Nuclear power is generated by causing nuclear fission to create heat that leads to electricity production. You can put the reactor wherever you want, even on a ship," a senior official said here. He said scientists at the Bhabha Atomic Research Centre (BARC) are developing two nuclear power reactors of 55 MW and 200 MW that could be deployed at captive power plants used by energy-intensive companies such as cement manufacturers. "These nuclear reactors are very safe and can even be used to power merchant navy ships," the official said, sidestepping questions of their use to power nuclear submarines. He said these Bharat Small Modular Reactors (BSMR) will be the mainstay in the expansion of the share of nuclear power in India's energy mix. Currently, India operates two home-built nuclear submarines -- INS Arihant and INS Arighaat -- which are powered by 83 MW reactors. A th

ACME Solar, Tata Power sign PPA for 50 MW firm and dispatchable project

ACME Solar Holdings on Friday announced signing an agreement with Tata Power Company Ltd for a 50 MW firm and dispatchable renewable energy project. An FDRE project integrates advanced solar, wind and battery energy storage systems (BESS) to enable reliable energy dispatch during peak demand. In a statement, ACME Solar Holdings said its "SPV has signed a 25 years Power Purchase Agreement (PPA) with the Tata Power Company Limited (Tata Power-D) for its 50 MW Firm and Dispatchable Renewable Energy (FDRE) project on 16 October 2025." The project was awarded in September 2025. The PPA has been signed at a tariff of Rs 4.43 per unit for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and four hours of peak-hour supply with 90 per cent availability on a monthly basis. This project would combine multiple renewable energy technologiesincluding Solar and Battery Energy Storage System (BESS) to meet the supply obligations as per the PPA. With this, the company has signed PP