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Rachita Prasad

Editor - Energy And Infrastructure

Moneycontrol.com

Rachita Prasad heads Moneycontrol’s coverage of conventional and new energy, and infrastructure sectors. She is passionate about energy transition and the global efforts against climate change, with special focus on India. Before joining Moneycontrol, she was an Assistant Editor at The Economic Times, where she wrote for the paper for over a decade and was a host on their podcast. Contact: rachita.prasad@nw18.com

West coast 60 mtpa-mega refinery to be set up in Maharashtra's Ratnagiri

BUSINESS

West coast 60 mtpa-mega refinery to be set up in Maharashtra's Ratnagiri

Maharashtra Industries Minister Uday Samant said that the government has so far acquired 2,900 acres of the total 6,200 acres required for the mega refinery-cum-petrochemicals complex project which was first announced in 2015.

Divestments likely in 12-24 months, in talks with govt for extension of imported coal price pass-through: Tata Power CEO

BUSINESS

Divestments likely in 12-24 months, in talks with govt for extension of imported coal price pass-through: Tata Power CEO

Praveer Sinha says India may slip a little in meeting renewable energy targets for 2030, but directionally will move ahead despite the delay.

Energy security, despondency on global warming targets in focus at COP27: ReNew Power head Sumant Sinha

BUSINESS

Energy security, despondency on global warming targets in focus at COP27: ReNew Power head Sumant Sinha

India is doing a lot for clean energy but needs to turbocharge the sector, says Sumant Sinha

Lower taxes, levies on oil and gas sector can unlock substantial investment: Cairn Oil & Gas CEO Prachur Sah

BUSINESS

Lower taxes, levies on oil and gas sector can unlock substantial investment: Cairn Oil & Gas CEO Prachur Sah

The company plans to invest $5 billion by FY26, of which $3 billion would be in the Rajasthan block, said Prachur Sah

Parth Jindal joins JSW Energy board as company focuses on clean energy

BUSINESS

Parth Jindal joins JSW Energy board as company focuses on clean energy

The son of Sajjan Jindal joins the board soon after the company said it will acquire 1,753 MW of Mytrah Energy’s renewable energy portfolio for an enterprise value of Rs 10,530 crore. The acquisition will fast-track JSW Energy’s aim to have 10 GW of capacity by FY25.

Rajasthan block to get major share of Cairn Oil & Gas $5 billion investment by FY26: Deputy CEO

BUSINESS

Rajasthan block to get major share of Cairn Oil & Gas $5 billion investment by FY26: Deputy CEO

The Rajasthan block, which has had 38 discoveries so far, has an exploration potential resource of 1.3 billion barrels of oil equivalent

Renewable energy faces short-term challenge from global response to energy crisis amid Russia-Ukraine war: International Solar Alliance chief

ENVIRONMENT

Renewable energy faces short-term challenge from global response to energy crisis amid Russia-Ukraine war: International Solar Alliance chief

"I don’t think the freight choke point is going to disappear in the near future. So, I expect the uptick (in solar manufacturing costs) to continue till about 2024-2025.

RIL says weak growth, high inflation, heavy interest to weigh on energy demand

BUSINESS

RIL says weak growth, high inflation, heavy interest to weigh on energy demand

The company said that net profit would have been up 20 percent year-on-year, excluding the impact of the SAED-related costs.

India will examine likely cap on Russian crude price by the West: Oil Minister Hardeep Puri

BUSINESS

India will examine likely cap on Russian crude price by the West: Oil Minister Hardeep Puri

India has been buying discounted crude oil from Russia against the backdrop of high prices internationally and Western nations scaling down their reliance on Russian energy.

Energy crisis makes 'dirtiest fuel' the dearest shelter ahead of green summit

BUSINESS

Energy crisis makes 'dirtiest fuel' the dearest shelter ahead of green summit

India has committed to go net-zero by 2070. But as a country that still derives the majority of its electricity from coal, it has been clear that while renewable energy capacity growth will be high, coal based plants will still play an important role

MC Explains | What is COP27 and why is it crucial for climate change action?

BUSINESS

MC Explains | What is COP27 and why is it crucial for climate change action?

COP27 is being held in Egypt on from November 6 to 18.

Interview | Hero Future Energies will expand offerings, geographies after KKR funding: CEO 

BUSINESS

Interview | Hero Future Energies will expand offerings, geographies after KKR funding: CEO 

Company is waiting for the government's green hydrogen policy and in the meantime is in active discussions with customers in India and the UK for pilot projects in green hydrogen, says Srivatsan Iyer.

Suzlon to weigh selling off non-core assets after Rs 1,200-crore rights issue

BUSINESS

Suzlon to weigh selling off non-core assets after Rs 1,200-crore rights issue

The management said that the main objective of the rights issue was essentially to pare debt so that Suzlon Energy can get over its past of huge debt.

UP authority blames advanced traffic management system contractor for Purvanchal Expressway cave-in

BUSINESS

UP authority blames advanced traffic management system contractor for Purvanchal Expressway cave-in

A senior official from the National Highways Authority of India (NHAI) told Moneycontrol that it is looking into the collapse of the expressway.

Suzlon may announce new CMD this week ahead of rights issue: Sources 

BUSINESS

Suzlon may announce new CMD this week ahead of rights issue: Sources 

Suzlon had a leadership meeting on October 4, which was attended by senior executives holding key positions across global operations.

Tulsi Tanti single-handedly created wind industry in India, ReNew Power's Sumant Sinha remembers

BUSINESS

Tulsi Tanti single-handedly created wind industry in India, ReNew Power's Sumant Sinha remembers

Sinha, who served as the chief operating officer of Suzlon Energy in 2008-2010, says Tanti was very supportive when he started his own company. A lot of renewable energy industry veterans have cut their teeth at Suzlon

Suzlon Energy: Rights issue will help firm get over its past of huge debt, says CFO

BUSINESS

Suzlon Energy: Rights issue will help firm get over its past of huge debt, says CFO

Promoter group has expressed their intention to subscribe to the full extent of their rights entitlement, CFO Himanshu Mody said.

Tulsi Tanti: The wind whisperer who battled storms

BUSINESS

Tulsi Tanti: The wind whisperer who battled storms

Coming from modest beginnings, the pioneer of India’s wind energy sector had managed weather both fair and foul. His untimely demise may have cut short his life, but not his story, which is up there.

Avaada Group will be an integrated green molecule business: Founder Chairman Vineet Mittal

BUSINESS

Avaada Group will be an integrated green molecule business: Founder Chairman Vineet Mittal

The group is adding capacity across its different verticals and aims to become a 30 GW firm by 2030. Mittal said its current business plan is fully funded.

Crude slips below $85 a barrel but OMCs may not cut fuel prices. Here’s why

BUSINESS

Crude slips below $85 a barrel but OMCs may not cut fuel prices. Here’s why

Oil marketing companies have incurred huge losses on petrol and diesel retail sales this year and may take more time to recover the past losses

Serentica Renewables in talks with investors, plans to set up 1,500 mw green energy capacity 

BUSINESS

Serentica Renewables in talks with investors, plans to set up 1,500 mw green energy capacity 

Serentica Renewables is 100% owned by Twinstar Overseas Ltd, run by Volcan Investments Ltd, Bahamas, the holding company of the family trust of billionaire Anil Agarwal. 

Reducing logistics cost to 8% of GDP in five years will be a mini revolution: Vinayak Chatterjee

BUSINESS

Reducing logistics cost to 8% of GDP in five years will be a mini revolution: Vinayak Chatterjee

Lauding the initiative, the storied investor and founder and managing trustee of The Infravision Foundation said that we also need to focus on aerotropolises and air shipments for transporting high value goods like gems and jewellery, pharmaceuticals, etc.

National Logistics Policy | Govt to integrate 30 systems from different ministries for faster, cheaper services

BUSINESS

National Logistics Policy | Govt to integrate 30 systems from different ministries for faster, cheaper services

The policy introduces an integrated digital system (IDS) that will integrate on one platform the digital data belonging to various ministries, helping in smooth cargo movement

Government keen on reviving west coast 60 mtpa-mega refinery project: Minister Hardeep Singh Puri

BUSINESS

Government keen on reviving west coast 60 mtpa-mega refinery project: Minister Hardeep Singh Puri

The $50 billion-mega refinery project in western Maharashtra has been stalled since 2018 due to disputes over land acquisition.