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Power supply advisory to states, utilities likely soon
The power ministry will issue an advisory to states and utilities. This advisory focuses on strengthening preparedness for erratic weather conditions. Utilities will be directed to maintain adequate coal and water supplies. Preventive maintenance will also be completed to minimise power outages. Peak demand is projected to remain high over the next three months.
South West Pinnacle gains after bagging Rs 167-cr RIL contract
South West Pinnacle Exploration rose 2.80% to Rs 225.86 after the company secured a work order worth approximately Rs 166.82 crore from Reliance Industries (RIL) for providing Coal Bed Methane (CBM) production services in Madhya Pradesh.
RIL expands CBM production contract worth Rs 163 crore with SWPE
Reliance Industries Limited has extended its Coal Bed Methane production contract with South West Pinnacle Exploration. This awarded work is expected to generate revenue from the second quarter of FY 2026-27. South West Pinnacle Exploration also received a separate contract from CMPDI for exploration services. This pact valued at Rs 5.89 crore will strengthen SWPE's order book. The exploration work is scheduled for completion within 180 days.
Stocks to Watch today: Adani Enterprises, Tata Motors PV, BPCL, Coal India
Stock to Watch today, July 3: Hindustan Zinc, Bajaj Housing Finance, LG Electronics India, PB Fintech, and Titagarh Rail Systems are among the top stocks to remain in focus today
Coal India's SECL strengthens monsoon measures for uninterrupted supply
SECL, a Coal India subsidiary, has implemented robust monsoon preparedness to ensure uninterrupted coal supplies crucial for India's energy security. The company achieved its best-ever first-quarter performance in production and offtake, with a significant portion directed to power utilities. SECL's extensive operations across Chhattisgarh and Madhya Pradesh underscore its vital role in meeting national energy demands.
TVS Motor, Dixon Tech In, Reliance, M&M Out: Which Stocks Made It Into Macquarie's New India Portfolio?
The biggest changes came in the brokerage's tactical portfolio, where it introduced Axis Bank, Hyundai Motor India and Dixon Technologies, while removing Shriram Finance, Reliance Industries and Coal India.
Coal India plans R&D investment of Rs 1900 cr by FY2030
Coal India (CIL) has intensified its Research & Development (R&D) initiatives and plans to invest a total of around Rs.1,900 crore by FY 2030 on R&D activities.
Coal India to invest $201 million in research and development by fiscal 2030
Coal India is set to invest a substantial 19 billion rupees in research and development by 2030, focusing on clean coal, net-zero technologies, and mineral recovery. The state-run miner has already committed significant funds to Indian Institutes of Technology and is overseeing numerous R&D projects. This strategic investment marks a fourfold increase in R&D expenditure for fiscal year 2025, signaling a strong commitment to innovation.
Rail-focused logistics firm Pristine Logistics confidentially files IPO papers with Sebi
Pristine Logistics and Infraprojects has confidentially filed its DRHP with Sebi for an IPO. The rail-focused multimodal logistics company is expanding terminals, warehousing and cargo operations while strengthening growth with a Rs 3,422 crore coal mining contract and broader infrastructure footprint.
Texmaco Rail & Engineering bags 5-cr order from Mangalore Coal Terminal
Texmaco Rail & Engineering announced that it has received a letter of intent (LoI) worth Rs 4.71 crore from Mangalore Coal Terminal.
Odisha coal gasification project to meet 35% of India's ammonium nitrate needs by 2030: Industry
A significant Rs 25,016-crore coal gasification project in Odisha, recently inaugurated by President Murmu and PM Modi, is set to fulfill nearly 35% of India's ammonium nitrate needs by 2030. This pioneering initiative, utilizing indigenous technology, promises to slash imports by 0.66 million tonnes annually, saving over USD 360 million in foreign exchange each year and bolstering India's self-reliance in strategic industrial products.
Bharat Coking Coal shares jump 10% after monetising Dugda Coal Washery to JSW Steel
BCCL said this initiative will strengthen coal beneficiation, improve the availability of quality washed coking coal and support the objectives of Mission Coking Coal by reducing import dependence.