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 Navi Mumbai and accelerate product development for heavy‑duty EV applications.
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...
Chamundeshwari Electricity Supply Corporation (CESC) has asked the Karnataka Electricity Regulatory Commission (KERC) to approve a plan that bridges a ₹528.1 crore net revenue deficit for FY 2024‑25. The shortfall stems from higher power procurement costs, rising finance expenses and a 5.8%...
The Banda electricity department has launched a month‑long maintenance campaign from Feb 15 to Mar 14 to safeguard power supply ahead of the summer peak. Chief Engineer Arvind Nayak detailed that 107 substations, 1,379 distribution transformers and 353 lines will undergo inspection...
Ceew CEO Anurabha Ghosh highlighted how artificial intelligence can fine‑tune renewable energy dispatch, forecast storm surges and flood risks, and make agriculture more climate‑resilient. She warned that AI’s own resource footprint—energy and water for data centres—must be managed intentionally. India’s...
India’s renewable capacity now exceeds 520 GW, including about 35 GW of distributed generation, and officials say artificial intelligence will be pivotal in lowering consumer power costs. Joint Secretary JVN Subramanyam highlighted AI as a game‑changer for distributed renewables at the AI...
India’s chemical industry faces a structural shift as it seeks to move up the value chain by reducing reliance on imported feedstocks. Ramya Bharathram of Thirumalai Chemicals emphasizes refinery‑petrochemical integration, flexible cracker designs, and transparent, index‑linked pricing as keys to...
Delhivery has partnered with electric‑mobility startup Ridev to roll out 150 high‑performance electric vehicles for last‑mile delivery across Delhi‑NCR, Bengaluru and Hyderabad. A pilot in those cities showed a 4,260 kg reduction in CO₂ emissions and more than a 50 percent drop...
China’s independent refiners boosted Russian oil imports to a record roughly 2.08 million barrels per day in February, overtaking the 1.7 million bpd seen in January. The surge follows India’s sharp cutback to about 1.16 million bpd, leaving China as Moscow’s top seaborne...
India achieved its lowest-ever green hydrogen price, with a winning bid of ₹279 per kilogram to supply 10,000 tonnes annually to Numaligarh Refinery in Assam. The tender attracted nine bidders, reflecting growing competition as renewable energy costs and government incentives...
President Donald Trump called the newly concluded India‑US trade deal historic, highlighting its potential to expand American energy exports, especially coal. The interim agreement slashes U.S. duties on Indian goods to a uniform 18% across textiles, apparel, chemicals and more,...
Adani Power has created a wholly‑owned subsidiary, Adani Atomic Energy Limited, with an initial ₹5 lakh investment to generate, transmit and distribute nuclear power. The move follows the passage of the SHANTI Act, which opens India’s nuclear sector to private players...
The final India Leadership Talks episode highlighted how virtual‑twin technology and model‑based engineering are moving from promise to practice across manufacturing, infrastructure and life sciences. Leaders from Godrej, KPMG and IndianOil Adani Ventures described a shift from basic digitalisation to...
NTPC’s shares have surged about 12 % in the last three months, outpacing the ET Power index, as the utility accelerates both thermal capacity additions and renewable growth through its NGEL subsidiary. The company now operates roughly 86 GW of installed capacity...
The Comptroller and Auditor General (CAG) flagged that NLC India's Mine‑II in Neyveli operated without a valid environmental clearance, stemming from delayed revalidation. The audit also revealed severe land constraints, leaving only 46.19 hectares for active mining and an estimated...
The National Green Tribunal (NGT) took suo‑motu cognizance of a newspaper report after an explosion killed 18 miners in an illegal rat‑hole coal mine in Meghalaya's East Jaintia Hills. The tribunal ordered the state chief secretary, the Central Pollution Control...
Foreign Minister Sergei Lavrov told the Russian Duma that only U.S. President Donald Trump has claimed India will cease buying Russian oil, and no Indian official has made such a statement. Lavrov highlighted India’s new BRICS chairmanship and its focus...
India has urged its state‑owned refiners to give priority to crude from the United States and Venezuela as part of a broader effort to diversify supplies and reduce reliance on Russian oil. The government’s suggestion applies to spot‑market tenders for...
The U.S. Treasury issued a general license for Venezuelan oil and gas exploration that explicitly excludes Russian and Chinese entities, tightening restrictions on Moscow’s energy interests. Kremlin spokesman Dmitry Peskov said Russia will seek clarification from Washington to protect its substantial...
Power Finance Corporation and REC Ltd announced a merger that will create a larger public‑sector NBFC focused on power financing. The combined entity will have a stronger capital base, expanding underwriting capacity for large‑ticket renewable projects and enabling refinancing of...
Morgan Stanley’s Chetan Ahya says India is entering a new capex wave driven by a global industrial cycle revival, stronger non‑tech exports, and three structural trends: AI‑related infrastructure, higher defence spending, and the energy‑transition push. He notes that the Indian...
Andhra Pradesh chief secretary K Vijayanand ordered power utilities to guarantee uninterrupted, 24 × 7 electricity during the upcoming summer. He emphasized rapid commissioning of the Polavaram Hydel Power Project, with the first seven 80‑MW units slated for July 2027, delivering 960 MW of clean...
TotalEnergies announced a 62% reduction in its Q1 share buyback, lowering the program to $750 million after a fourth‑quarter adjusted net income of $3.8 billion fell 13% year‑on‑year. The cut reflects weaker oil and gas prices that offset a 215% surge in...
Haryana Electricity Regulatory Commission (HERC) is pushing for modernisation and efficiency in the state’s power distribution network, urging companies to cut AT&C losses and boost consumer satisfaction. At a public hearing, Chairman Nand Lal Sharma highlighted the need for network...
MSEDCL has petitioned the Maharashtra Electricity Regulatory Commission (MERC) to review its multi‑year tariff, prompting a public hearing that drew industry, consumer and expert criticism. Participants warned that the proposed tariff could lift electricity costs by 25‑30%, endangering MSME profitability...
The India‑Chile free trade negotiations are moving toward a Comprehensive Economic Partnership Agreement that explicitly includes critical minerals such as lithium, copper, and cobalt. Chile’s abundant reserves could supply India’s “Make in India” and clean‑energy ambitions, while recent moves by...
Polaris Smart Metering announced the deployment of more than one million smart meters across India under the government’s Revamped Distribution Sector Scheme (RDSS). The rollout enhances billing accuracy, reduces AT&C losses, and provides granular data for grid operators to manage...
India's solar module capacity has surged to about 144 GW and is projected to reach 180 GW by FY30. However, upstream segments lag, with cell capacity stuck near 23.4 GW, creating a supply‑demand mismatch as installations are expected at only 45‑50 GW annually. The...
The Central Pollution Control Board (CPCB) has ordered the immediate shutdown of units 6 and 8 at Maharashtra’s Parli Thermal Power Station after repeated violations. The plant failed to install required online emission monitoring, operated with expired consent, and recorded particulate matter...
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...