Moody's affirms UltraTech Cement's Baa3 ratings with stable outlook, cites strong credit metrics

"The affirmation reflects UltraTech's solid balance sheet and substantially strong credit metrics for its Baa3 ratings," said Kaustubh Chaubal, a Moody's Senior Vice President.

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Omega Seiki Mobility plans hydrogen-powered SCVs with French technology

OSM Founder Uday Narang on Tuesday told PTI that the entity is looking to raise USD 25 million from the US and European markets to expand its business.

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IGL to set up India's first CNG-to-LNG conversion plant

This pioneering project aims to enhance LNG accessibility, especially for stations beyond major port cities such as Ennore and Kochi.

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Make-in-India Icon and Renewable Energy veteran Dr Akhilesh Kumar Jain shall be the Chief Mentor to the RMC Board

With an impressive career spanning four decades in Electronics, Energy, Electric Mobility and IT impacting 6 Cr citizens, Dr. Jain brings a wealth of expertise to RMC's leadership team. Known for his innovative and out-of-the-box sustainable ideas, he has committed to applying technology for societal benefits, focusing on Smart Electronics, Solar Energy, Energy Storage and Electric Mobility.

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Mahindra Logistics expands warehousing capacity in Nashik

The new 3 lakh sq feet facility is scheduled to become operational by the end of the third quarter of 2024, the company said, adding that the state-of-the-art facilities will significantly enhance Mahindra Logistics' pan-India network of multi-client warehousing networks.

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Soon, polluting vehicles in city to face civic body heat

The RMC said it is also drafting a policy to phase out vehicles aged 15 years and above if they haven’t undergo fitness and emission testing.

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ReNew proposes to invest Rs 26,400 crore for green hydrogen project in Kerala

The green hydrogen project is proposed to be set up at Vizhinjam near its port to make the green hydrogen produced suitable for export.

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India, France in talks for financing mechanism, localisation for Jaitapur n-project

Responding to questions on civil nuclear cooperation between India and France and whether the Jaitapur project was put on pause, Foreign Secretary Vinay Mohan Kwatra said the French power company EDF and the Nuclear Power Corporation of India Limited (NPCIL) were discussing elements such as a financing mechanism and localisation component of the project.

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Biogas big leap: Industry leaders eye game-changing policies in Budget 2024

Gaurav Kedia, Chairman of the IBA, expresses high expectations for the upcoming budget, advocating for a surge in capital expenditure towards renewable energy projects.

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India may halve Budget support to state-run oil firms for energy transition

State-controlled Indian Oil Corp. and Bharat Petroleum Corp. Ltd. had planned rights issues to raise as much as 220 billion rupees and 180 billion rupees, respectively, both backed by the federal government.

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SAEL secures $1 billion for renewable energy projects in India

The capital raise sees participation from major entities like Norfund, DFC, ADB, Tata Cleantech, and other financial institutions. This funding is part of SAEL's plan to invest ₹15,000 crore by FY 25, aiming to add 2-2.5 GW of renewable capacity annually towards a target of 10 GW over the next four years.

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SAEL secures $1 billion for renewable energy projects in India

The capital raise sees participation from major entities like Norfund, DFC, ADB, Tata Cleantech, and other financial institutions. This funding is part of SAEL's plan to invest ₹15,000 crore by FY 25, aiming to add 2-2.5 GW of renewable capacity annually towards a target of 10 GW over the next four years.

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Cabinet approves Rs 8,500 crore scheme for coal gasification; CIL to invest in two JV projects

The approved scheme divides the funds into three categories. Category I, with an allocation of Rs. 4,050 crore, targets government PSUs for up to three projects. Each project under this category is eligible for a grant of Rs. 1,350 crore or 15% of the project's capital expenditure (capex), whichever is lower.

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Top energy diplomat from US to travel to India

In New Delhi, he will speak on two panels at the India-US Forum focusing on shared energy priorities, and on opportunities and challenges around critical minerals for the global energy transition.

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Biofuel demand set to soar by 30% in five years, led by Brazil, Indonesia, India: Report

According to the IEA, the total biofuel demand is set to rise by 23% to 200 billion liters by 2028, with renewable diesel and ethanol accounting for two-thirds of this growth. Biodiesel and biojet fuel make up the remainder. This increase is largely attributed to the robust biofuel policies, growing transport fuel demand, and significant feedstock potential in these emerging economies.

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Green ammonia, next-gen fuels to play crucial role in India's energy strategy: Prof. Ashok Jhunjhunwala

Delving into the future of India's sustainable energy landscape, the Prof. Ashok Jhunjhunwala, President of IIT Madras Research Park, IITM Incubation Cell & RTBI in an interview with ET Energyworld, emphasized the crucial role of green hydrogen in decarbonizing heavy industries.

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Energizing the future: Budget 2024 may focus on cutting green hydrogen costs

The report suggests that achieving the target of ₹2 per kWh could be possible with the right policy interventions, including capital cost subsidies, GST waivers, reduced land fees, and stamp duty waivers.

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Grew Energy may set up manufacturing facilities for glass and EVA sheets for solar panels

Grew Energy was earlier awarded Rs 567 crore incentive from the centre for solar equipment manufacturing facility under the PLI scheme

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India faces uphill battle in Lithium mining and exploration

Ritabrata Ghosh, Vice President - Corporate Ratings & Sector Head at ICRA, emphasizes that China currently dominates 65% of the lithium processing/ refining industry, an area where India lacks a foothold.

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India slashes power shortage to under 1 percent, aims for 65 percent renewable capacity by 2030: R. K. Singh

"Connecting 29 million homes in 19 months, India has seen the largest and fastest expansion of energy access in the power sector's history," said Singh, emphasizing the nation's strides towards universal electricity access.

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MahaMetro signs solar power deal with Delhi-based Ampin Energy

“The solar panels will have to be set up at the stations and depots within a period of one and a half years under the first phase of the metro rail route,” the official said.

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India poised to lead in global green energy demand: Hardeep Singh Puri

Puri highlighted India's advantage in the energy sector, saying, "We are able to significantly reduce the cost of production of green solar energy and electrolyzers.” This, he believes, positions India as a pivotal player in meeting the growing global demand for green energy solutions.

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India poised to lead in global green energy demand: Hardeep Singh Puri

Puri highlighted India's advantage in the energy sector, saying, "We are able to significantly reduce the cost of production of green solar energy and electrolyzers.” This, he believes, positions India as a pivotal player in meeting the growing global demand for green energy solutions.

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Domestic investors increase stakes in Adani Group cos in Dec quarter

Notably, mutual funds have marginally increased or maintained their shareholding across all entities, barring Adani Ports & Special Economic Zone Ltd, and Adani Energy Solutions Ltd in the quarter under review.

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Union Budget 2023 paves way for green energy; Budget 2024 expected to uphold momentum

The 2023 Budget saw the allocation of Rs. 19,700 crore to the Green Hydrogen Mission, targeting an annual production of 5 MMT by 2030, a move aimed at reducing the country's carbon footprint and fossil fuel dependence.

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Green hydrogen, solar tech key to India's energy future, says IIT Madras Research Park President

Jhunjhunwala projected a significant reduction in green hydrogen costs to approximately $1.50/kg by 2025, a crucial step towards its economic viability for decarbonizing key industries like steel, cement, ammonia, and aluminum.

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Venezuelan crude back in focus: India to ramp up imports, compete with China

According to data from S&P Global Commodities at Sea (CAS), a Venezuelan Very Large Crude Carrier (VLCC) is expected at Sikka port and a Suezmax at Paradip port in early February, signaling a ramp-up in imports.

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Solar-powered boat to float on Saryu river in Ayodhya

This boat has been assembled on the banks of Saryu Ghat and its spare parts and other accessories have been procured from different corners of the country, it said.

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Oilmax energy announces $100mn expansion plan, aims to double hydrocarbon reserves and boost daily production

Central to this growth trajectory is the development of the recently acquired SR-6 block in Chhattisgarh, alongside enhancing operations in its existing oil and gas blocks across Gujarat and Assam.

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Power ministry comes up with new rules to facilitate ease of doing business, ensure financial sustainability

Now consumers, having more than a specified quantum of load and Energy Storage Systems (ESS) are allowed to establish, operate and maintain dedicated transmission lines themselves without the requirement of licence. By allowing such a facility, a new category of bulk consumers would emerge in the country, benefiting from more affordable electricity and enhanced grid reliability. This facility was already available to generating companies and captive generating stations.

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India gets Rs 16.93 lakh crore investment in power, renewable energy since 2014, Rs 17.05 lakh crore in pipeline

Briefing reporters on new rules called Electricity (Amendment) Rules 2024, Singh said that as much as Rs 16.93 lakh crore has been invested in power and renewable energy sectors so far.

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Tripura to unveil energy efficiency plan by February end

The Tripura State Electricity Corporation Ltd (TSECL) is working with Green Tea, Deloitte and the Bureau of Energy Efficiency to prepare the State Energy Efficiency Action Plan (SEEAP), he said.

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Budget 2024: India's budget set to ignite green hydrogen boom with strategic fiscal push

These incentives are expected to substantially lower the production costs of green hydrogen, propelling India towards its ambitious target to establish parity with the current costs of grey hydrogen.

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REC forays into Yen market with JPY 61.1 billion green bonds

The bonds, with tenures of 5 years, 5.25 years, and 10 years, are issued at yields of 1.76%, 1.79%, and 2.20% respectively. This issuance marks REC's first venture into the Yen bond market and is notably the first Yen Green Bonds issuance by an Indian PSU.

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Zydus Group to invest Rs 5,000 cr in Gujarat

Zydus Group plans to invest Rs 5,000 crore in Gujarat, including biotechnology products and hospitals. Memoranda of Understanding (MoUs) have been signed.

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Vibrant Gujarat Summit: NTPC Green Energy signs MoUs with GSPC, GPPL for green hydrogen projects

NGEL, a wholly-owned subsidiary of NTPC, aims to be the flag bearer of NTPC’s Renewable Energy journey, with over 3.4 GW operational capacity and 26 GW in pipeline, including 7 GW under implementation.

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Reliance, ACME, seven others selected for govt sops to set up green hydrogen production facilities

​​ On July 10, state-owned Solar Energy Corporation of India (SECI) had invited bids for selection of green hydrogen producers for setting up production facilities of 4,50,000 tonnes of green hydrogen under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-I).

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India surpasses Japan to become third-largest auto market, eyes top spot in EV sector by 2047

Emphasizing India's potential under PM Modi's leadership, the minister urged the auto industry to capitalize on this momentum to make India the leading global hub for automobile manufacturing.

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India five years ahead of other SE Asian nations on scaling energy sector investments: Srini Nagarajan, BII

British International Investment (BII) is bullish on India's energy sector growth story. The Development Finance Institution of the UK government has its strategy chalked out for the country, with focus on specialised areas like Green Hydrogen, energy storage, smart metering and Electric Vehicles. The idea is to avoid crowding out private capital and bring in third-party commercial capital, Srini Nagarajan, Managing Director and Head of Asia, tells ETEnergyworld in an exclusive interview. Edited excerpts..

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India to cut green hydrogen costs, seeks private sector support: Amitabh Kant

Speaking at the "Climate Financing" conference organized by Ease of Doing Business, Kant outlined ambitious plans for reducing the cost of green hydrogen in India.

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Panchayati Raj Ministry to put up stall on Smart Panchayat at Vibrant Gujarat trade show

The stall will showcase SVAMITVA scheme, smart panchayat bhawan, promotion of eco-friendly energy like solar energy at panchayat bhawans, common service centres, digital payment for taxes and fees, and Meri Panchayat and Gram Manchitra applications.

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India to invest ₹45,000 crore in inland waterways and river cruise tourism by 2047

During the summit, Sonowal launched the 'Harit Nauka' guidelines alongside the 'River Cruise Tourism Roadmap, 2047'. "The vision of our Prime Minister is to harness the potential of the blue economy and become a global leader," he said.

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Ayodhya: World-class facilities developed along 4 main paths; smart traffic system, CCTV surveillance

"In the last ten years, under the leadership of Prime Minister Narendra Modi India has emerged as a global power. When leadership is good, everyone's respect increases," Adityanath said.

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Juniper Green Energy plans to invest Rs 4,000 cr for 1 GW renewable energy projects

The company is planning to build a pipeline till 2030 and has already started looking at connectivity and land

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SJVN Green Energy inks pact to supply 200 MW solar power to Uttarakhand Power Corp

The solar project is being developed by SJVN through SGEL in Rajasthan under CPSU (Central Public Sector Undertaking) scheme of IREDA (Indian Renewable Energy Development Agency), a statement said on Friday.

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Ayodhya to emerge as model in clean energy production with establishment of 40 MW solar power plant

In line with Chief Minister Yogi Adityanath's vision to harness solar energy for power generation, a solar power plant is currently under development and operation, spanning 165 acres for Rs 200 crore.

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Industrial PNG consumption surges, CGD sales hit 353,427 mmscmd

The PPAC report detailed that Compressed Natural Gas (CNG) sales were recorded at 1,96,345 mmscmd, while Domestic PNG sales amounted to 2,08,536 mmscmd, and Commercial PNG to 66,809 mmscmd.

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NHPC and Gujarat govt sign MoU for ₹4,000 crore Investment in Kuppa Hydro project

The MoU, signed as part of the “Vibrant Gujarat” initiative, aims to utilize pumped hydro storage projects for energy storage, addressing the national objective of clean and green energy.

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Green energy push in Uttar Pradesh: ₹1 Lakh crore to power 125 projects, aims for 40% renewable mix

The state has witnessed a substantial increase in solar energy capacity, growing from about 279 MW in 2017 to 2152 MW, driven by incentives and policies under the state’s new Solar Policy.

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Karan Adani elevated as managing director of APSEZ

The company further said its board has also approved the appointment of Ashwani Gupta, former global Chief Operating Officer at Nissan Motors, as the new Chief Executive Officer of APSEZ.

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Gujarat govt inks 58 more MoUs ahead of Vibrant Summit; total investments top Rs 10 lakh crore

​​At an event in Gandhinagar on Wednesday, the state government inked 58 more MoUs with companies expressing intention to invest Rs 7.12 lakh crore with a potential to generate 3.70 lakh employment opportunities in various sectors in Gujarat, an official statement said.

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SC to pronounce judgement on Wednesday on Adani-Hindenburg row over charges of market manipulation

A bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra will deliver the judgement at 10:30 AM on as many as four petitions.

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Jakson Group installs 250-kW solar rooftop at Ayodhya airport

The inauguration of the Maharishi Valmiki International Airport by Prime Minister Narendra Modi on December 30 has been significantly supported by the contributions of Jakson Group, it stated.

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Power sector sees AT&C losses drop to 15.41 per cent in 2022-23

A key focus of RDSS is to reduce AT&C losses to pan-India levels of 12-15% by FY 2024-25 and to bring down the gap between Average Cost of Supply (ACS) and Average Revenue Realized (ARR) to zero by the same fiscal year

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Indian Railways commissions 211 MW solar, 103 MW wind power; electrifies 60,814 km of tracks

In conjunction with these green initiatives, Indian Railways has made considerable progress in the electrification of its railway tracks.

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Deadline extended: Solar inverter makers get till 2024 to meet quality norms, says MNRE

The extension is granted to allow manufacturers more time to meet the Indian Standards (IS) and the International Electrotechnical Commission (IEC) standards for solar photovoltaic systems, devices, and component goods

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