BUSINESS
Record domestic production cuts India's coal import by 8% in FY25, saving $7.93 billion in forex
The lower coal import for FY25 has also resulted in foreign exchange savings of approximately $7.93 billion or Rs 60,681.67 crore for the fiscal.
BUSINESS
Amid tariff turmoil, FIEO says businesses targetting export of goods and services worth $1 trillion in FY26
To boost exports, Centre had on May 26 restored the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme benefits for SEZs and other export-centric hubs, with effect from June 1.
BUSINESS
Resonia betting big on power transmission, to invest Rs 1 lakh crore by FY32: Chairperson Pratik Agarwal
Sterlite Electric expects a turnover of about Rs 6,500 crore in FY26 and plans to double in the next three to four years by expanding into high-end cable manufacturing, Agarwal has said
BUSINESS
Coal ministry surpasses asset monetisation target by Rs 63,000 crore
The record numbers indicate renewed confidence in the coal sector as the Indian government seeks to ensure energy security for the country through thermal power till the time firm renewable energy becomes affordable.
BUSINESS
Electricity trade between India-Bangladesh to continue amid other curbs
At 2.5 GW, Bangladesh is the biggest electricity export market for India as of now. Not just that, the neighbouring country uses India’s power grid to import electricity from Nepal.
BUSINESS
Adani, Tata, Vedanta make a power play for coal-fired projects after five-year lull
The government expects Rs 6.67 lakh crore investment in thermal power by FY32 as firms rush to meet rising demand.
INDIA
Jal Jeevan Mission: Govt's tap water scheme to be completed by 2028, says Minister Patil
Patil said the biggest challenge under the mission is about purity of water
INDIA
'Hard to call it river’: CR Patil slams state of Yamuna in Delhi, sets 3-year goal for drinkable water
Patil said that after the Bharatiya Janata Party (BJP) won the Delhi Assembly elections, Prime Minister Narendra Modi convened a meeting to discuss cleaning of the river
BUSINESS
JSW Energy Q4 net profit rises 16% to Rs 408 crore; increases power generation target to 30 GW
The company unveiled 'Strategy 3.0' targeting 30 GW of generation capacity by 2030 along with 40 GWh of energy storage, up from the previous goal of 20 GW generation capacity.
WORLD
EAM Jaishankar says IWT in abeyance till terror stops, after Pakistan seeks talks on water pact
The only thing to be discussed on J&K is the vacating of illegally occupied territory by Pakistan, and India is open to that discussion, External Affairs Minister S Jaishankar said on May 15.
BUSINESS
Tata Power open to investing in thermal power again, says CEO Praveer Sinha
Tata AutoComp Systems will manufacture batteries and provide them to Tata Power, which will execute all renewable energy power projects with battery energy storage systems, Tata Power CEO and MD Praveer Sinha told Moneycontrol.
WORLD
Operation Sindoor: Crude oil rules India’s trade with Azerbaijan
India's crude oil imports from Azerbaijan fell to $733.09 million in 2024, as per UN Comtrade data. Despite the drop, Azerbaijan remains a key player in India’s diversified energy sourcing strategy.
BUSINESS
Deals over dinner rolls in Davos; ReNew to invest Rs 22,000 cr in Andhra
A slew of renewable energy players opted out of the state between 2019 and 2023, but the Chandrababu Naidu administration is trying to change that with a new clean energy policy. Project approvals and land for ReNew's 2.5 GW project with 1 GWh of battery storage was cleared by the government in four months.
BUSINESS
Makers of wind turbines, solar modules eye a slice of UK's $20 billion clean energy market
India and the UK are also going to collaborate on round-the-clock power supply technologies, industrial decarbonisation, and offshore wind supply chains and financing models, senior government officials told Moneycontrol.
INDIA
'Paani aur khoon...': PM Modi's stern message to Pakistan on Indus Waters Treaty suspension
Going forward India plans to use the Indus, Jhelum and Chenab rivers to address irrigation and water needs of its own states.
BUSINESS
Hydropower generation from Jammu and Kashmir may increase by 30% this season
Under the Indus Waters Treaty, India could neither fill its reservoirs to the designed capacities, nor could it flush the waters beyond certain levels, thereby impacting power generation at hydropower plants.
BUSINESS
Govt sacks SECI CMD RP Gupta amid raft of controversies
Gupta was at the helm of SECI from June 2023 and his tenure was supposed to end next month. The sudden termination order came even as the government is yet to initiate the process of finding a replacement.
INDIA
Foreign secretary Vikram Misri says critical infrastructure intact, Pakistan attack claims 'tissue of lies'
Crisis management plans have been activated for all critical infrastructures — from power plants to refineries — to avert any mischief from across the border
INDIA
J&K LG Sinha, CM Abdullah begin relief measures for victims of Pakistan shelling
While lieutenant governor Sinha went to Uri, chief minister Abdullah drove down to Jammu from Srinagar to assess the damage and reach out to the residents who have borne the brunt of cross-border shelling.
POLITICS
India warns Pakistan of consequences if its infrastructure is targeted
India has beefed up its security for its strategic infrastructure such as power plants and refineries, even as the foreign secretary warned Pakistan against any attack on Indian assets.
BUSINESS
India, EFTA trade deal likely to be operational by September
While, the trade and investment deal between India and EFTA nations was inked on March 10, 2024, it is yet to be implemented given lengthy ratification processes.
BUSINESS
India-UK FTA: India reserves the right to retaliate if UK introduces CBAM, say govt sources
CBAM won’t restrict market access to Indian industries. Besides, some mechanism of being taxed in India before the goods are exported to the UK could also be considered to avoid CBAM, a government official said.
BUSINESS
India-UK FTA: Text to be finalised by 3 months paving way for deal signing
However, given Britain's ratification process the deal may take over a year to become operational, officials said.
POLITICS
Govt approves transmission network for biggest hydropower plant on Indus river system
The approval was notified in a record 40 days. The government usually takes several months to issue such clearances for hydropower projects, a ministry official said.
