India's power consumption rose 1.86% in February to 132.99 billion units, driven by milder temperatures that reduced heating appliance use. Peak demand increased slightly to 243.15 GW, still below the all‑time high of 250 GW recorded in May 2024. The Indian Meteorological Department noted February’s temperatures were among the warmest since 1901, with minimal rainfall. Experts forecast subdued demand in March and steadier growth from April onward.
The Maharashtra state government announced a ₹1,100 crore investment to upgrade Pune district’s power infrastructure, with ₹450 crore dedicated to the rapidly growing Pimpri Chinchwad area. The funding, part of the Revamped Distribution Sector Scheme, aims to address frequent outages, power theft, and...
Major oil majors and leading trading houses have suspended crude and fuel shipments through the Strait of Hormuz as the Iran‑Israel‑US conflict escalates. Israel launched a pre‑emptive strike on Iran, followed by U.S. air and naval attacks, prompting heightened security...
The Atomic Energy Regulatory Board (AERB) granted permission for the First Pour of Concrete (FPC) on February 24, marking the start of construction for Kaiga Nuclear Power Plant units 5 and 6. Both units are 700 MWe pressurised heavy‑water reactors (PHWR) using an indigenous...
India’s Andaman Basin is seeing a major push in oil exploration after 63.5% of the 600,000‑sq‑km no‑go zone was cleared for drilling, a move Lieutenant Governor Admiral D.K. Joshi says could help lift the country from its current $4 trillion GDP...
Andhra Pradesh’s government has approved the off‑take of 300 MW of solar power from Adani Green Energy under the 2021 power supply agreement, after a 15‑month pause caused by U.S. bribery allegations. The approval comes with a rider that the state...
Proterial, a Japanese advanced‑materials maker, is evaluating India as a production base for its rare‑earth‑free electric‑vehicle magnets and other high‑end components such as superalloys and power‑electronics parts. CEO Sean M. Stack highlighted strong economic momentum, government incentives, and the need...
Tamil Nadu Power Distribution Corporation (TNPDCL) has ordered a halt to all planned maintenance that requires power cuts until the state’s public examinations conclude in April. The directive applies to Chennai and every district across Tamil Nadu, suspending routine work on...
Norway's $1.2 trillion sovereign wealth fund has removed Adani Green Energy Ltd from its portfolio, citing concerns over alleged gross corruption or serious financial crime. The fund sold a holding worth roughly ₹400 crore, while Indian mutual funds have accumulated about $500 million...
Singareni Collieries Company (SCCL) is preparing to bid in upcoming coal‑bed methane (CBM) auctions for three blocks in the Singareni region. The blocks, covering six districts in Telangana, hold an estimated 1.9 billion cubic metres of gas resources. Government officials have...
India’s National Stock Exchange (NSE) announced plans to launch electricity futures, a coal spot exchange and broaden its commodity offerings, leveraging its high‑speed trading infrastructure. CEO Ashish Chauhan said the exchange’s existing systems for order processing, clearing and risk management...
India’s Shipping Corporation of India (SCI)‑led joint venture to own a fleet for state‑run oil firms has stalled because ONGC’s equity participation remains undefined. The JV structure allocates 50% to SCI, with IOCL, BPCL and Sagarmala Finance each holding 10‑15%,...
Chandigarh Power Distribution Limited (CPDL) will introduce time‑of‑day (TOD) electricity tariffs for all consumer categories, beginning with industrial users. The new structure applies a multiplier of 0.8 during solar‑aligned daytime hours (9 am‑5 pm) and 1.2 during morning and evening peaks, while...
Tripura has crossed the 8 MW threshold for rooftop solar generation under the PM Surya Ghar Muft Bijli Yojana. More than 2,350 households and small businesses have installed panels, collectively feeding over 8 MW into the state grid. The scheme has disbursed...
The NITI Aayog‑led National Critical and Strategic Minerals Committee called for a joint public‑private drive to accelerate exploration, research and partnerships for India’s critical minerals. Despite sizable reserves, limited exploration has left the country heavily import‑dependent on lithium, rare‑earth elements,...
Coulomb Litech, a battery technology startup, announced it has raised ₹20 crore in a seed funding round to scale manufacturing and expand its presence in India's electric‑vehicle ecosystem. The funds will be used to set up a new manufacturing facility in...
National Asset Reconstruction Company Ltd (NARCL) has emerged as the anchor bidder for the stressed debt of BLA Power, offering ₹285 crore under a Swiss Challenge auction. The bid represents a 38.6% recovery of the ₹738.18 crore outstanding debt, with...
India’s EV‑charging network provider Statiq announced a new $18 million funding round, led by Tenacity Ventures, with participation from Y Combinator, Shell Ventures and RCD Holdings. The mixed equity‑debt round will fund expansion of its charging infrastructure across Tier‑1 and Tier‑2 cities...
State-run lenders Power Finance Corporation (PFC) and REC Ltd have announced a proposed merger aimed at enhancing financing access for India's renewable energy projects. The combined entity would have a larger capital base, potentially easing funding constraints for large‑ticket renewable...