Reliance Industries reported strong growth in its Oil-to-Chemicals (O2C) business in Q1 FY26, with EBITDA rising 10.8% year-on-year, driven by improved domestic fuel retail margins, a recovery in transportation fuel cracks, and better petrochemical spreads. However, O2C revenue declined 1.5% due to lower crude prices and reduced volumes amid a planned shutdown.
Tata Power Renewable Energy Limited has secured its first Battery Energy Storage Purchase Agreement with NHPC Limited. This agreement involves setting up a 30 MW / 120 MWh battery storage system in Kerala. The project aims to address peak power demand and enhance grid flexibility. It will also support the integration of renewable energy in…
Moody’s Ratings has affirmed Baa3 credit ratings for Adani Energy Solutions entities. This includes Adani Transmission Step-One Ltd, Adani Transmission Restricted Group 1, and Adani Electricity Mumbai Ltd. The rating agency maintains a negative outlook. This is due to governance risks linked to legal proceedings involving Adani Group executives.
The Karnataka cabinet has asked NTPC to conduct a state-wide study to identify suitable locations for a proposed nuclear power plant, rejecting three previously suggested sites in Vijayapura, Raichur, and Koppal. The state will decide on the location after reviewing NTPC’s comprehensive report.
Gurdeep Singh will continue as Chairman and Managing Director of NTPC. His tenure gets a one-year extension. The extension is effective from August 1, 2025, till July 31, 2026. The Appointments Committee of the Cabinet approved the proposal. Earlier, PESB found no suitable candidates for the CMD post. NTPC is India’s largest power producer under…
Investments in thermal power generation are projected to double to ₹2.3 lakh crore by 2027-28, driven by rising energy demand and the need for base load power. Private sector participation is expected to increase significantly, contributing nearly a third of the total investment.
The Supreme Court has sided with the Himachal Pradesh government, mandating JSW Hydro Energy to supply 18% free electricity from its Karcham Wangtoo plant. This decision overturns a High Court order that had limited the free supply to 13%, reinforcing contractual obligations over regulatory caps.
Crisil Ratings projects a doubling of investments in thermal power. This surge aims to meet India’s escalating energy needs. Investments are expected to reach Rs 2.3 lakh crore by fiscal year 2028. Private companies will contribute a third of the investment. The government targets 80 GW of thermal capacity by fiscal year 2032.
The power ministry has launched a ₹1,000-crore ADEETIE scheme to encourage MSMEs to adopt energy-efficient technologies. It offers interest subvention on loans, 5% for micro and small enterprises, and 3% for medium enterprises. The scheme will be rolled out in phases, starting with 60 industrial clusters in FY26, and aims to catalyse ₹9,000 crore in…
Central Electricity Regulatory Commission rejected CESC Limited’s petition. The petition sought approval for a tariff related to long-term power procurement. This procurement involved 300 MW of power from wind-solar hybrid projects. The rejection stemmed from non-compliance with competitive bidding guidelines. CESC failed to secure prior approval for deviations. The Commission advised CESC to consider re-bidding.