Author

Coal India declares ₹3,173 crore dividend, govt set to gain ₹2,003 crore

19Apr

By Newscript News NetworkNo Comments

ESG, News Update

Coal India declares ₹3,173 crore dividend, govt set to gain ₹2,003 crore

By Newscript News Network August 21, 2025 Coal India Ltd (CIL) announced a ₹5.15 final dividend for FY25, amounting to ₹3,173.80 crore. The government, which holds a 63.13% stake, will receive ₹2,003 crore. CIL remains India’s largest coal producer, supplying more than 80% of the country’s demand. While India’s renewable capacity grows, coal still provides 70% of electricity. Officials said dividends remain a critical source of government revenue. However, analysts caution that declining global coal sentiment could pressure valuations over the medium term.

PFC boosts disbursements, maintains profitability streak

19Apr

By Newscript News NetworkNo Comments

ESG, News Update

PFC boosts disbursements, maintains profitability streak

By Newscript News Network August 21, 2025 Power Finance Corporation (PFC) reported a 21% jump in Q1 FY26 net profit to ₹4,502 crore, with net interest income (NII) rising 26% to ₹5,469 crore. The company declared a ₹3.70 interim dividend, with a record date of August 18. PFC has continued to finance India’s ambitious clean energy push while supporting state discom reforms. Its lending portfolio remains diversified across conventional and renewable power. “PFC is increasingly aligning with green finance frameworks,” said an official from the power ministry. With stable asset quality and rising disbursements, PFC is seen as a steady growth engine for the sector.

SECI Issues Landmark Green Ammonia Tender

19Apr

By Newscript News NetworkNo Comments

News Update, Renewables

SECI Issues Landmark Green Ammonia Tender

By Newscript News Network August 20, 2025 SECI has issued a tender for 724,000 tonnes/year of green ammonia across 13 fertiliser plants under the SIGHT scheme. Officials described it as India’s most ambitious clean fuel procurement yet. “This is about assured demand,” said an MNRE official. Fertiliser executives welcomed the move, saying it would drive scale and reduce costs. Analysts warn of cost gaps with grey ammonia, but the tender could anchor India’s domestic market and pave the way for exports.

India Bets on Small Modular Reactors to Expand Nuclear Power

19Apr

By Newscript News NetworkNo Comments

News Update, Power

India Bets on Small Modular Reactors to Expand Nuclear Power

By Newscript News Network August 20, 2025 India has allocated ₹20,000 crore in Budget 2025–26 for Small Modular Reactor (SMR) R&D, aiming for five operational SMRs by 2033. Nuclear capacity targets include 100GW by 2047. “SMRs can be deployed faster and closer to demand centres,” a Department of Atomic Energy official said. Analysts see India aligning with U.S., Canada, and China. Challenges remain around waste, liability, and financing. But SMRs could be India’s path to clean baseload power.

REC reports record profits, drives renewable financing

19Apr

By Newscript News NetworkNo Comments

News Update

REC reports record profits, drives renewable financing

By Newscript News Network August 21, 2025 Rural Electrification Corporation (REC) delivered a stellar Q1 FY26 performance with net profit up 29% year-on-year to ₹44.51 billion. Total disbursements surged 36% to ₹595.08 billion, with renewable energy lending rising 35%. The state-run financier declared a ₹4.60 interim dividend and a ₹2.60 final dividend for shareholders. Analysts say REC has emerged as a key beneficiary of India’s renewable investment wave, with a growing loan book in solar, wind and hybrid projects. “REC’s balance sheet resilience gives it the flexibility to back India’s 500 GW by 2030 target,” said a Mumbai-based power sector analyst.

GAIL readies for tariff decision, signs LNG deals with Vitol and CoolCo

19Apr

By Newscript News NetworkNo Comments

News Update

GAIL readies for tariff decision, signs LNG deals with Vitol and CoolCo

By Newscript News Network August 21, 2025 Gas Authority of India Ltd (GAIL) is awaiting a crucial pipeline tariff decision from the Petroleum and Natural Gas Regulatory Board (PNGRB). The ruling, expected by early September, could reshape gas transport economics and impact margins for industrial buyers. Analysts say a higher tariff would boost GAIL’s revenue but may dent competitiveness of natural gas versus coal. In parallel, GAIL has strengthened its LNG portfolio with two long-term agreements. The company signed a 10-year supply deal with Vitol Asia for 1 MMTPA of LNG starting 2026. It has also entered a 14-year time charter with CoolCo for a newbuild LNG carrier, due to be delivered in early 2025. “These deals ensure GAIL’s access to flexible LNG supply while expanding its...

Coal PSUs Turn Minelands Green with Afforestation Drive

19Apr

By Newscript News NetworkNo Comments

News Update

Coal PSUs Turn Minelands Green with Afforestation Drive

By Newscript News Network August 20,2025 Coal and lignite PSUs have planted 29 million saplings on 13,400 hectares of mined land over six years, targeting 16,000 hectares by 2030. Methods include Miyawaki forests, drone planting, and seed-ball broadcasting. “This is about leaving a positive footprint where coal has been extracted,” said a Coal India official. Communities are benefiting from biodiversity and water recharge. Critics say plantations can’t offset emissions, but the initiative shows PSUs’ ESG sensitivity.

BPCL secures financing for Bina mega project, partners Kerala govt

19Apr

By Newscript News NetworkNo Comments

ESG, News Update

BPCL secures financing for Bina mega project, partners Kerala govt

By Newscript News Network August 21, 2025 Bharat Petroleum Corporation Ltd (BPCL) has achieved financial closure for its ambitious Bina Refinery Expansion cum Petrochemical Project. The project, supported by a ₹31,802 crore loan from a consortium led by State Bank of India, will expand capacity from 7.8 MMTPA to 11 MMTPA while adding a 1.2 MMTPA ethylene cracker unit. “This project will transform Bina into a petrochemical hub, driving value addition beyond fuels,” BPCL’s Chairman said in a recent interaction. In Kerala, BPCL signed a ₹25.12 crore agreement with the state government for a four-lane road to the Ambalamugal Industrial Hub, alongside an ₹11.34 crore amenity centre at the Cochin Cancer Research Centre. The projects reflect BPCL’s dual focus on infrastructure develo...

India’s Green Hydrogen Mission Gains Momentum

19Apr

By Newscript News NetworkNo Comments

News Update

India’s Green Hydrogen Mission Gains Momentum

By Newscript News Network August 20,2025 India’s National Green Hydrogen Mission has allocated 3,000MW electrolyser capacity and 862,000 tonnes/year hydrogen production to 19 firms, including Reliance, Adani, L&T, NTPC, and IOC. The projects will pilot hydrogen use in steel, shipping, and fertilisers, positioning India as a global supplier. “This is about creating confidence for investors and global partners,” said a senior official. Analysts say India is moving faster than Europe, where regulations slow progress. Challenges remain around electrolyser costs and renewable integration, but India’s pivot signals it could become a hydrogen exporter rather than importer.

Suzlon Energy Eyes Global Export Revival

19Apr

By Newscript News NetworkNo Comments

News Update

Suzlon Energy Eyes Global Export Revival

By Newscript News Network August 20, 2025 Suzlon Energy is preparing to export wind turbines to Central Asia and Europe, with orders expected by year-end and deliveries within 12 months. This marks Suzlon’s boldest global push in over a decade. “We are no longer just an Indian company. Our technology and scale can compete globally once again,” said Chairman Tulsi Tanti. The focus comes as Central Asia reduces reliance on Russia and Europe seeks alternatives to Chinese turbine suppliers. Execution credibility remains key after Suzlon’s past financial struggles. Yet, analysts say its cost-efficient turbines and India’s domestic content rules give it competitive strength.