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RIL, foreign firms refute in SC Centre's claim of 'unjust' extraction of gas from KG basin
Reliance Industries and its offshore partners are strongly denying allegations of siphoning gas from ONGC fields. The companies are in the Supreme Court challenging a High Court verdict that overturned an arbitral award in their favor. The Centre had demanded over a billion dollars for gas allegedly migrated from ONGC blocks to their KG-D6 area.
Reliance Power Ltd rises for third straight session
Reliance Power Ltd is quoting at Rs 27.42, up 1.07% on the day as on 12:49 IST on the NSE. The stock is down 38.51% in last one year as compared to a 3.98% jump in NIFTY and a 14.01% jump in the Nifty Energy index.
RIL, NTPC, Adani and Lalitpur line up Rs 6.5 lakh cr for nuclear energy
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement.
RIL, NTPC, Adani and Lalitpur line up Rs 6.5 lakh cr for nuclear energy
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement.
Maharashtra govt ramps up nuclear energy with MoUs worth Rs 6.5 lakh crore
Maharashtra has signed MoUs with four companies, including Adani Power and Reliance Industries, to attract Rs 6.5 lakh crore in nuclear energy investments. These projects aim to generate 25,400 MW of power and create 1,23,500 jobs, bolstering the state's clean energy initiatives and contributing to India's energy-rich nation goal.
Reliance, TCS, HDFC Bank witness biggest FPI selling since 2022; Eternal, Paytm, Polycab see foreign buying - Mint
Reliance, TCS, HDFC Bank witness biggest FPI selling since 2022; Eternal, Paytm, Polycab see foreign buyingMint
Green hydrogen to cut LPG dependence for cooking: PSA Ajay Sood
India is exploring green hydrogen as a cooking fuel to cut reliance on imported LPG. This initiative aims for energy stability and savings. The technology is in research and development, with startups showcasing its potential. Green hydrogen cooking produces a zero-emission flame. This could significantly boost India's energy security and self-reliance goals.
Bharat Forge to set up India’s first private-sector marine gas turbine facility in Visakhapatnam
Bharat Forge signs MoU with Andhra Pradesh at Defence Conclave in the presence of Defence Minister Rajnath Singh and CM Chandrababu Naidu, to set up India's first private marine gas turbine repair and development facility in Visakhapatnam, boosting naval self reliance.
Reliance in talks with Chinese battery behemoth CATL & others for big battery system parts
Reliance Industries is in talks with China’s Contemporary Amperex Technology Co. Limited and other global suppliers to source components for battery energy storage systems as it pushes ahead with its clean energy plans.
NTPC chief cautions against dependence on single supplier for nuclear technology
India's ambitious 100 GW nuclear power plan requires careful supplier selection. NTPC Chairman Gurdeep Singh advises against over-reliance on any single country for nuclear technology. He stresses prioritizing domestic control, even if initial costs are higher. Clear rules and guidelines are essential for converting policy into investment.
Modi in Netherlands: One firm holds the key to India's chip ambition
Prime Minister Modi's visit to the Netherlands highlights India's critical reliance on ASML, the sole provider of advanced lithography machines, for its ambitious semiconductor manufacturing goals. This Dutch company's technology is indispensable for India's multi-billion-dollar chip project, underscoring ASML's pivotal role in India's pursuit of silicon sovereignty amidst global tech rivalries.
Iran war energy shock drives India's interest in ethanol and other biofuels
India and Southeast Asian nations are boosting biofuel use amid global fuel disruptions. This move aims to reduce reliance on imported oil and manage rising costs. However, challenges remain in developing supply chains and ensuring vehicle compatibility. Experts also highlight environmental concerns related to crop-based biofuel production. The shift towards biofuels is a significant development for energy security.