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Vascon Engineers receives LoI worth Rs 131.58 cr from Reliance Industries
Vascon Engineers has received Letter of Intent amounting to Rs.131.58 crorefrom Reliance Industries for construction of 04 Nos G+12 FLL Type Buildings for Sector-3 at RG Expansion Jamnagar. The work has been awarded on Bill of quantities (BOQ) Basis.
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.
MoF approves scheme for floating solar battery storage
India is set to boost renewable energy with a new ₹5,500 crore floating solar battery storage scheme. The finance ministry's expenditure finance committee has approved the plan. This initiative aims to encourage states to install floating solar panels. It will help reduce reliance on fossil fuel imports. The scheme will be sent to the cabinet for final approval soon.
Vascon Engineers wins ₹133 crore order from Reliance Industries for Jamnagar project
Shares of Vascon Engineers Ltd ended at ₹33.32, down by ₹1.75, or 4.99%, on the BSE.
NTPC chief against reliance on one source for nuclear technology
India must avoid depending on one country for nuclear technology. NTPC chairman Gurdeep Singh stresses domestic control for nuclear projects. The company aims for 30 GW nuclear capacity by 2047. Large reactors are preferred over small modular ones. Repurposing old thermal plant sites is also suggested. Public outreach on nuclear safety is crucial for expansion.
Market Cap Of Nine Of Top 10 Valued Firms Erodes By Rs 3.12 Lakh Cr; Reliance Biggest Laggard
Reliance Industries remained the most valued firm followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
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.
Hormuz Bypass: India Mulls New Direct Pipeline With UAE To Secure Energy Flows, Says Report
The proposed pipeline project is being examined as India looks to reduce its heavy reliance on the Strait of Hormuz.
India working on subsea gas pipeline project: Oman route plan to help mitigate risks brought to fore by Hormuz Strait block
India is fast-tracking a deep-sea gas pipeline from Oman. This project aims to ensure steady gas supplies and reduce reliance on volatile LNG markets. The estimated ₹40,000 crore pipeline will connect Oman to Gujarat. It is expected to take five to seven years to build. This move addresses India's energy security concerns and its vulnerability to maritime choke points.
Coal gasification key to build long-term resilience against global energy shocks: Experts
India needs to boost its domestic coal gasification capabilities. This will build resilience against global energy shocks and achieve economic self-reliance. Coal gasification converts dry fuel into syngas, an alternative fuel that reduces carbon emissions. Experts highlight its strategic importance for energy security and import substitution. This initiative aims to strengthen India's position in critical sectors like energy and fertilizers.
Reliance Industries Ltd slips for fifth straight session
Reliance Industries Ltd is quoting at Rs 1377.3, down 0.79% on the day as on 13:19 IST on the NSE. The stock tumbled 2.71% in last one year as compared to a 4.21% slide in NIFTY and a 15.52% spurt in the Nifty Energy index.
Mcap of 4 most valued firms erodes by ₹1 trn, SBI biggest laggard
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. ...