Power Finance Corporation has appointed RBSA Advisors and SBI Capital Markets for its planned merger with REC. This move follows the government’s budget announcement to consolidate public sector NBFCs for better scale and efficiency. The boards of both companies have approved the merger plan. The new entity will remain a government company.
According to the percentage in the total number of consumers, the domestic category comprised the highest 84.1 per cent, followed by commercial, 14.88 per cent, industrial, 0.37 per cent, water works and street lighting, 0.31 per cent, and others, 0.33 per cent, it said.
Union Minister for Coal and Mines, G Kishan Reddy, on Sunday highlighted that coal gasification will be pivotal in strengthening India’s energy security, reducing import dependence, and supporting industrial growth, while addressing the Bharat Electricity Summit 2026.
Electricity rates in Delhi may increase from April. The Delhi government plans to pay over Rs 38,000 crore in pending dues to three power discoms. This payment is a result of a Supreme Court directive. The government intends to provide subsidies to lessen the impact on consumers. Regulatory assets have accumulated due to no tariff…
India will launch formal carbon credit trading in four months, Power Minister Manohar Lal announced, marking a key step toward building a structured carbon market. The government has already laid out the framework under the Carbon Credit Trading Scheme, which includes both compliance and voluntary markets.
India anticipates no power supply disruptions despite the West Asia crisis affecting some gas-based generation. Alternative capacity is being prepared to meet peak demand. The government is also set to restart Tata Power’s 4,000 MW Mundra plant, which uses imported coal, under Section 11 of the Electricity Act.
India will launch formal trading in its domestic carbon market within the next four months, Union Power Minister Manohar Lal said. The move aims to create a structured system where companies can buy and sell carbon credits to meet emission targets, supporting the country’s push toward lower emissions and net zero by 2070.
India has reached a significant milestone, producing 1 billion tonnes of coal for the second year running. This achievement on March 20, 2026, comes amid global energy market uncertainties. The sustained high output ensures energy demand is met and supports the power sector. This performance highlights strong planning and execution, contributing to India’s economic growth.
Gujarat has approved a supplemental power purchase agreement with Tata Power. This paves the way for the 4,000-MW Mundra power plant to restart operations soon. The agreement revises commercial terms to address cost pressures. This move will ensure operational stability for the project. It also secures power supply for Gujarat ahead of peak summer demand.
Power Grid Corporation of India’s board has approved a revised plan to merge 28 wholly owned subsidiaries into two group entities, expanding a previous proposal. This significant consolidation aims to streamline operations, reduce legal entities, and enhance efficiency within the company’s extensive transmission network. The move is subject to regulatory approvals.