BUSINESS
RIL, Adani, Tata, others look to partner NPCIL in nuclear energy push to lower emissions
The government has called bids for setting up Bharat Small Reactors to decarbonise high-emission industries such as steel and aluminium. It expects at least Rs 35,000 crore in investments from the private sector
BUSINESS
No PLI scheme for leather, footwear and toys planned: Govt tells Parliament
Union minister of state for commerce and industry Jitin Prasada stated in the Parliament that in 2024-25, India's total export of leather, leather products and footwear was $4,828.97 million. Of this, 35.17% or $1,698.59 million worth of exports went from Tamil Nadu alone.
BUSINESS
Govt plans battery storage for thermal power plants amid renewable energy fluctuations
Operating thermal power plants at low capacity to allow higher injection of renewable energy into the grid during the day is expensive and leads to higher per unit cost of coal-fired electricity
BUSINESS
Rare earth crisis may see India push through new minerals bill in the monsoon session
The bill may also enable the National Mineral Exploration Trust to use its funds for mine development, apart from exploration in India as well as overseas.
BUSINESS
Wind turbine maker Envision Energy to open 3rd manufacturing unit in India
The company’s MD said that the union government's proposed mandate to localise within six months of the finalisation of guidelines for OEMs could jack up the price of wind turbines in India.
BUSINESS
Amendments to nuclear laws still in the works, unlikely this monsoon session
The overhaul of India's nuclear laws to bring in private participation also raises questions over accountability for the imported reactors that would be supplied by a foreign technology or design partner.
BUSINESS
Cabinet relaxes investment norms for NLC India Ltd in a push for renewable energy
The exemptions aim to support NLCIL’s target of developing 10.11 GW of renewable energy capacity by 2030 and taking it to 32 GW by 2047
BUSINESS
Cabinet increases investment limit to Rs 20,000 Cr for NTPC Ltd to accelerate renewable projects
The increased investment limit approved by the CCEA will help the NTPC Group in its short-term goal of having a renewable energy capacity of 19 GW by FY27, which will require at least Rs 1 lakh crore in investments.
BUSINESS
Explained: Centre's U-turn on installing anti-pollution systems in thermal power plants
Justifying its reversal of the mandate, the environment ministry said current exposure levels provide no credible evidence to suggest that sulphur dioxide (SO₂), under prevailing ambient conditions, is a major public health concern.
BUSINESS
Guard The Grid: India to bar sharing wind project data with China, others for national security
Attackers can enter the network through wind installations and move on to other high-value assets. India thwarted nearly two lakh cyberattacks targeting its power sector during Operation Sindoor.
BUSINESS
Centre offers subsidy on electric trucks under PM E-Drive scheme
A dedicated provision for 1,100 e-trucks registered in Delhi has been made, with an estimated outlay of Rs 100 crore, aimed at addressing the capital’s serious air quality challenges.
BUSINESS
HD Kumaraswamy says Rs 1,345-crore incentive scheme to make rare earth magnets in India soon
The move comes after China, the world’s dominant supplier, imposed export restrictions in April this year on seven rare earth elements and finished magnets
BUSINESS
Critical minerals central to India-Australia partnership, defence in focus too: Austrade commissioner
Defence and aerospace are other new areas where Australia is interested in collaborating with India, Australia’s trade and investment commissioner Nathan Davis told Moneycontrol.
BUSINESS
Electricity prices in spot market fell 26% in June as early monsoon lowered demand
India's peak power demand touched 243 GW this year, much lower than the previosuly projected 270 GW. Senior power ministry officials now expect to see the current year's peak power demand in September, courtesy an early onset of monsoon and pre-monsoon rains during summers.
BUSINESS
India to add 8,500 MWh battery energy storage by 2027-end
The government will commission 3000 MW of pumped storage projects this year, according to Chairperson, Central Electricity Authority (CEA) Ghanshyam Prasad.
BUSINESS
Govt mandates automatic weather stations at renewable energy projects to ensure grid stability
Going ahead, all bids for solar and wind power projects will include a clause for the installation of automatic weather station on the site, the Central Electricity Authority stated in its guidelines.
BUSINESS
Explained: How PM Modi’s South America visit deepens India’s strategic ties amid global trade shifts
India is seeking to expand market access and secure critical supplies through deeper trade and investment ties with Argentina, Brazil, Chile, and Peru.
BUSINESS
India-US trade deal: Social security agreement not under discussion, say govt sources
India is pushing for sustained preference over competing countries in labour-intensive areas such as textiles and leather.
BUSINESS
‘No deadlines, only national interest’: India firm on fair trade talks, says Piyush Goyal
“India negotiates trade deals on its own terms. Our priority is what benefits the country,” Goyal said, adding that ongoing negotiations are underway with the EU, New Zealand, Oman, Chile, and others.
BUSINESS
Centre's environment panel clears Adani Power, NLC India and GMR Group's expansion plans for coal-fired power plants
The expert appraisal committee (EAC) of the environment ministry, however, rejected projects of NTPC Ltd, Jindal Power and JSW Energy.
BUSINESS
A year on, India's maiden green ammonia tender remains a non-starter
State-owned Solar Energy Corporation of India has given a record 11th extension to its 724,000-tonne green ammonia tender, with the last date for submission of bids now set as July 10 (online) and July 14 (offline).
BUSINESS
Andhra's Rs 82,000-crore Godavari diversion project runs into environmental hurdle
The plan is being opposed by the neighbouring Telangana, which says the project will deprive it of its rightful share of Godavari waters. Andhra government says Telangana interests will not be affected
BUSINESS
India puts an end to 100% waiver on inter-state transmission charges for solar and wind projects
'The waiver of ISTS charges will gradually be phased out until June 2028 for solar and wind projects. It is now time to boost other aspects such as battery energy storage and pumped hydro for which we are now offering 100% waiver in ISTS charges for 25 years,' a senior MNRE official told Moneycontrol.
BUSINESS
India extends import curbs on soda ash and met coke until December 31
India has also started an anti-dumping probe into overseas supplies of low-ash met coke from Australia, China, Colombia, Indonesia, Japan, and Russia.
