Tata Power reported a marginal decline in its consolidated net profit for the second quarter of FY26, coming in at Rs 919.4 crore, down 0.7 percent year-on-year from Rs 926.5 crore. CEO Praveer Sinha attributed this to heavy monsoon across India which dampened electricity demand.
The move is likely to see opposition from some states as they fear it would reduce their control over the power sector. The Ministry of Power, however, stated that government discoms will continue to operate alongside private licensees in a regulated, level-playing environment.
The United States opened the nuclear era in July 1945 with the test of a 20-kiloton atomic bomb at Alamogordo, New Mexico
The national aim is to expand nuclear capacity 12-fold to 100 GW by 2047. It can’t happen with a business as usual approach. Two experts offer a blueprint to amend the existing strategy to realize the 100 GW goal
Government has shown its intent by setting ambitious targets to enhance the share of nuclear energy in the overall energy mix. It comes in the backdrop of a push towards introducing small modular reactors. To realise the new goals, legislation covering nuclear energy will have to be tweaked and a broad consultative process adopted
Subrahmanyan expressed confidence about India and the Middle East, saying both regions have done 'extremely well' for L&T
Prime Minister Narendra Modi said the development is yet another milestone towards self-reliance.
Praveer Sinha, CEO of Tata Power, also said the company plans to double its rooftop solar business from the current 25,000 installations per month to 50,000 by the end of FY26.
The UK will also support India on green hydrogen, civil nuclear energy, and offshore wind apart from helping it finance climate action.
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
Karnataka cabinet also approved the formation of five new corporations under the Greater Bengaluru Authority.
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.
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.
India has at least 13,348 abandoned oil wells with a potential of about 10,600 MW of geothermal power. But it has not exploited even 1 MW so far.
The imports will be of natural uranium (uranium ore concentrate) and not enriched uranium as India's indigenous Pressurized Heavy Water Reactors can operate with even about 0.7 percent U-235, government officials told Moneycontrol.
The government is also planning to set up one nuclear power plant in every state that does not fall under the Seismic Zone 5 and may consider the 'fleet mode' in order to ramp up capacity addition.
India looks set to reach its 2030 target of 50% non-fossil generation capacity ahead of schedule. There has been a surge in investment in renewables, led by solar PV, IEA has said in a report
Homi Bhabha’s three-stage nuclear dream of the 1950s has helped the country in indigenising PHWRs and developing nuclear weapons, but has not met the promise of limitless power through thorium utilisation. India needs a new nuclear dream that focuses on five areas — from doubling down on PHWRs to pursuing direct thorium utilisation, and drawing in the private sector by tweaking nuclear liability law
India should pursue direct thorium utilisation in parallel to the three-stage nuclear power programme as it’s only the first stage which has been mastered so far. Also, there’s a need to diversify reactor designs to complement the current set of pressurised heavy water reactors
Starmer secretly visited the nuclear submarine earlier this week, but footage from his visit was only released by his Downing Street office on Thursday.
With this commissioning of RAPP-7 at Rawatbhata in Rajasthan, NPCIL now operates 25 reactors. RAPP-7 is the third reactor of the 700 MW series of 16 India-made pressurised heavy water reactor being set up in the country
With an outlay of Rs 20,000 crore, the government aims to achieve a nuclear power generation capacity of 100 GW by 2047.
Finance minister Nirmala Sitharaman in her Budget for FY26 announced a National Nuclear Energy Mission, calling for private participation in the nuclear power sector
NTPC is currently in talks with six-seven states for land to build nuclear power plants. The PSU will build both small and conventional reactors.
France and India last week declared an intent to partner each other to develop advanced modular nuclear reactors and SMRs. Juxtaposed with the recent union budget’s proposals to rework India’s legal framework for nuclear energy and set a rather ambitious capacity addition target, there’s a clear signal to the private sector to step in.