Thermal Power

BHEL's robust outlook reflected in valuations after strong Q1 turnaround

The engineering major's improving execution, expanding order book and healthy margin recovery support growth prospects, but much of the optimism appears priced into the stock

ONGC drills second geothermal well in Ladakh, advances India's first pilot

State-run Oil and Natural Gas Corporation (ONGC) has completed drilling its second geothermal well in Ladakh's Puga Valley, marking another step towards developing India's first pilot geothermal power plant. The company's research and development arm, ONGC Energy Centre, drilled the well to a depth of 1,000 metres at an altitude of more than 14,000 feet in about a month, improving on the timeline and cost of its first geothermal drilling campaign, ONGC said in a social media post. The latest well builds on the success of ONGC's first geothermal well in Puga, which produced steam at temperatures above the boiling point of water, demonstrating the area's geothermal resource potential, the company said. ONGC said the second well would support the development of India's first 1-megawatt electric (MWe) pilot geothermal power plant and could pave the way for commercial exploitation of geothermal energy in the country. The project's next phase includes plans to set up a 1-megawatt electri

Adani Power targets 23.7 GW capacity addition by FY32 with ₹2 trn capex

The company plans to add 23,720 MW of thermal power capacity by FY32 through brownfield and greenfield projects, while Adani Energy Solutions outlined its expansion pipeline

Govt extends Section 11 directions for Tata Power's Mundra plant till Sept

Ministry of Power extends validity of directions for the 4,150 MW Gujarat-based thermal plant by three months to ensure adequate electricity supply

NTPC floats EoI for flexible thermal generation to balance renewable power

State-run NTPC seeks technology providers and EPC partners to develop flexible thermal power units capable of supporting renewable energy integration and grid stability

Odisha risks losing low-cost power after thermal policy amendment

Odisha's move to cut low-cost power entitlement from future private thermal projects has drawn criticism from experts over long-term energy security risks

Uttar Pradesh govt approves thermal power project of ₹33,000 crore

Apart from ramping up thermal power, the state government is also boosting its solar and renewable energy portfolio

Coal India lines up ₹1 trillion capital expenditure push over 5 years

Focus on overhauling and diversifying operations: CMD

India's power demand likely to grow by 5 to 5.5% in FY27, says Icra

Rating agency ICRA on Thursday said power demand will rise by 5.0-5.5 per cent in 2026-27 as against a tepid one per cent growth in 2025-26, supported by continued momentum in industrial and commercial activity. The country's power demand growth in 2026-27 is likely to be supported by agricultural and household sectors given the expectation of sub-par rainfall amidst a potential El Nino, along with demand from industries as well as from emerging sources like electric vehicles and data centres, ICRA said in a statement. The all-India thermal plant load factor (PLF or capacity utilisation) level fell to 65-66 per cent in 2025-26 amid demand moderation and is likely to remain around 65 per cent in 2026-27, given the healthy growth in generation expected from the renewable sources and 6-GW capacity addition likely in the thermal segment. Ankit Jain, Vice President & Co-Group Head - Corporate Ratings, ICRA, said in the statement that the thermal power sector in India is witnessing a ...

India curtailed 31 GW of renewable energy capacity in Q4 FY26: CREA

India curtailed 31 GW of renewable energy in Q4 FY26 due to inadequate transmission capacity and system flexibility, even as peak power demand hit a record 256 GW

Why India needs to develop concentrated solar thermal power plants

India's solar boom has exposed grid and storage challenges, making it essential to scale up concentrated solar thermal power alongside batteries and pump storage for reliable round-the-clock energy

Strong order book points to improved outlook for Bhel on rising demand

Robust order pipeline and improving execution position BHEL for strong revenue growth, though rising input costs and geopolitical risks may weigh on margins

Adani Power shares rise 5% after securing 1,600 MW MSEDCL supply contract

Adani Power stock was trading at ₹151.35, up by 3.3 per cent from the previous session's close of ₹146.57

Over 24,000 MW coal, lignite-based power capacity in planning stages: Govt

Over 24,000 megawatt of coal and lignite-based power generation capacity is at various stages of planning in the country, Parliament was informed on Monday. A total of 39,545 MW of thermal capacity (including 4,845 MW of stressed thermal power projects) is currently under various stages of construction, Union Minister Shripad Naik said in a written reply to Rajya Sabha. While contracts of 22,920 MW have been awarded and is due for construction, another 24,020 MW of coal and lignite-based candidate capacity has been identified, which is at various stages of planning in the country, the Minister of State said. He said the projected thermal (coal and lignite) capacity requirement by the year 2034-35 is estimated at approximately 3,07,000 MW as against the 2,11,855 MW installed capacity as on March 31, 2023. To meet this requirement, the Ministry of Power has envisaged to set up an additional minimum 97,000 MW coal- and lignite-based thermal capacity, Naik said. The minister also said

M&A activity in power sector gathers pace as PPAs drive up valuations

Accelerating power demand, revival of long-term PPAs, stronger plant load factors and attractive valuations are triggering a fresh wave of M&A activity across thermal and renewable assets

India aims to cut thermal coal imports by 30% for power plants in 2026

Government has long sought to cut coal imports for the power sector, but those efforts have failed as power plants have been unable to burn lower-quality local coal

L&T arm to sell 1,400 Mw Nabha power plant to Torrent for ₹3.7K cr

The coal-based Nabha power plant houses two supercritical units of 700 Megawatt capacity each at Rajpura in Patiala district, Punjab

BHEL rallies 44% in 4 months, hits 17-mth high; brokerages see more upside

BHEL stock is well placed to gain from the need for building base load thermal coupled with strong revenue visibility in the medium term, believe analysts.

World's first solar-thermal power plant commences in China's Gobi Desert

The thermal power station, built by the China Three Gorges Corporation, is located in Guazhou County and utilises two towers to feed a single turbine system, marking a first for the plant

Digging deep: India's geothermal policy should be pursued with care

India's geothermal endowment is significant, though its share in the energy mix remains negligible