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Reliance Winds Up NeuComm Subsidiary, Refocuses on Energy Transition

19Apr

By Newscript News NetworkNo Comments

News Update

Reliance Winds Up NeuComm Subsidiary, Refocuses on Energy Transition

By Newscript News Network August 20, 2025 Reliance Industries Limited (RIL) has formally completed the winding-up of its US-based subsidiary, Reliance NeuComm, by filing a Certificate of Termination with the Secretary of State of Texas. Though the unit had long ceased operations, its closure highlights the company’s ongoing portfolio rationalisation strategy. Industry watchers view this as part of Chairman Mukesh Ambani’s renewed focus on high-growth areas in India, particularly telecom, retail, new energy and materials. Over the past three years, RIL has consolidated its international presence while funnelling capital into domestic projects, ranging from green hydrogen and solar manufacturing to the next phase of Jio’s digital expansion. “Reliance is pruning global entities th...

Coal India powers up ₹25,000cr renewable empire

19Apr

By Newscript News NetworkNo Comments

News Bulletin, Newsletter, Renewables

Coal India powers up ₹25,000cr renewable empire

Executive Summary Coal India commits ₹25,000 crore ($3bn) to develop 4.5GW renewable capacity Partnership with AM Green for renewable ammonia production facilities Targeting 2,500-3,000 MW solar and 1,500-2,000 MW wind projects Strategy aims to future-proof 229,000-strong workforce MoU signed 7 May 2025, marking radical departure from fossil fuels At a windswept site in Rajasthan’s Thar desert, where Coal India once prospected for lignite deposits, engineers now measure wind speeds and solar irradiation levels. The scene captures the magnitude of change at the world’s largest coal producer. Coal India Limited has committed ₹25,000 crore ($3bn) to develop 4.5GW of renewable capacity, marking the state-owned miner’s most radical departure from its fossil...

GST Hike Squeezes Oil Explorers as Tax Burden Climbs to 18%

19Apr

By Newscript News NetworkNo Comments

News Bulletin, Newsletter, Oil & Gas Industry

GST Hike Squeezes Oil Explorers as Tax Burden Climbs to 18%

Executive note India’s oil exploration sector faces a punishing fiscal blow after the GST Council’s decision to raise service taxes from 12% to 18%. The September 2025 hike will saddle upstream companies with billions in additional costs, squeezing ONGC, Oil India, Vedanta and Reliance at a time when commodity price volatility and currency pressures already challenge project economics across the energy sector. India’s upstream oil and gas industry has absorbed a significant fiscal shock following the Goods and Services Tax (GST) Council’s decision to increase rates on exploration and production services. The tax rate climbs to 18% from 12%, effective September 22, 2025, covering petroleum exploration, mining, drilling, and related support activities across the sector. Indu...

Coal India Declares ₹3,173 Crore Dividend, Government to Receive ₹2,003 Crore

19Apr

By Newscript News NetworkNo Comments

News Update

Coal India Declares ₹3,173 Crore Dividend, Government to Receive ₹2,003 Crore

By Newscript News Network August 20, 2025 Coal India Limited (CIL) has set August 21 as the record date for its final dividend of ₹5.15 per share for FY25. The payout totals ₹3,173.8 crore, benefiting nearly 23 lakh shareholders. The government, holding 63.13% equity, will receive ₹2,003 crore. The dividend comes amid declining coal demand growth, but underscores CIL’s importance as a cash-generating PSU. Analysts note the payout reinforces the state’s fiscal position while rewarding investors. However, long-term questions persist about CIL’s ability to balance dividends with capital investments in mine expansion and diversification into renewables.

From Coal to Clean: India’s Energy Sector Hits Historic Turning Point-Energy Update

19Apr

By Newscript News NetworkNo Comments

Energy Transition, News Update, Renewables

From Coal to Clean: India’s Energy Sector Hits Historic Turning Point-Energy Update

Executive Summary This update examines India’s accelerating energy transition through multiple lenses: record renewable growth driving historic emissions reductions, transformative GST reforms unleashing investment, and ambitious infrastructure modernisation plans. We explore corporate developments at Tata Power and Adani Power, regional initiatives in Haryana’s decentralised energy programme, improved mine worker safety protocols, and international partnerships including Zimbabwe’s Jindal deal. The analysis reveals a sector reaching an inflection point where policy, investment and technology converge to reshape India’s energy landscape fundamentally. Energy Prices Hold Firm but Global Volatility Looms India’s energy markets are calm but cautious as WTI crude sits at $63.75 per barrel...

19Apr

By Newscript News NetworkNo Comments

News Bulletin

NTPC Hybrid Project Signals Shift in Renewables

Maharashtra’s regulatory approval for NTPC’s wind-solar hybrid project marks acceptance of combined renewable technologies as grid integration solutions. Hybrid systems address intermittency challenges by blending complementary generation profiles. Solar output peaks during daytime while wind power often increases during evening hours, providing more consistent electricity supply for distribution utilities. This reduces balancing costs and backup generation requirements compared to single-technology projects. NTPC’s transformation from coal dominance toward clean energy positions the state generator as a model for other producers. The company’s technical expertise in both solar and wind technologies supports optimal hybrid configurations for different regional conditions. Widespre...

19Apr

By Newscript News NetworkNo Comments

News Bulletin

Coal Mining Gets Digital Overhaul

The Coal Ministry’s AI-enabled monitoring centre in Ranchi represents broader digitisation efforts across India’s mining sector. Real-time surveillance targets theft reduction, safety improvement and operational efficiency as production volumes exceed 1bn tonnes. Digital platforms integrate satellite monitoring, GPS tracking and automated systems to address persistent revenue losses from pilferage and unauthorised mining. The technology provides unprecedented visibility into coal supply chains while creating audit trails for regulatory compliance. Implementation challenges include system integration, staff training and data security across multiple stakeholders. Success requires user adoption and continuous upgrades to address emerging operational needs in a traditionally analogue se...

CLIMATE CHANGE INITIATIVE. More on Content, Less on Intent

19Apr

By Newscript News NetworkNo Comments

Environmental Accountability, News Bulletin, News Update

CLIMATE CHANGE INITIATIVE. More on Content, Less on Intent

SATYAPAL MENON 19TH OCTOBER, 2025 Since a decade global heads states have frequently put their heads together to hammer out a a universal solution against global warming. Climate change targets - reduction by 1.5°C to 2°C - and deadline - i.e., 2030 - was set. But, implementation was out of sync with the datelines. Consequently, over the years and till date, Nature has gone awry , unleashing its fury, in the form of glacier melts, melts floods, landslides and desertification. The reasons? Are all these global summits related to climate change proving to be a fiasco with commitments being confined to rhetoric and platitudes? Except for bits and pieces implementation of the action plans to restrict climate change, genuine endeavours to achieve the target of restri...

NTPC Expands Green Portfolio, Raises Capacity Target to 149 GW

19Apr

By Newscript News NetworkNo Comments

News Update

NTPC Expands Green Portfolio, Raises Capacity Target to 149 GW

By Newscript News Network August 20, 2025 NTPC Green Energy Limited commissioned 212.5 MW of solar at Khavda-I in Gujarat and 52.5 MW of wind capacity on August 20, pushing NTPC Group’s total installed and commercial capacity to 83.24 GW. In parallel, NTPC raised its long-term capacity target from 130 GW to 149 GW by FY32, backed by a ₹7 trillion capex programme. “We are accelerating towards 500 GW of national non-fossil capacity,” said Gurdeep Singh, NTPC’s Chairman. Brokerage ICICI Securities reaffirmed a buy rating with a target of ₹439, citing the company’s renewable build-out and integrated energy strategy. Analysts believe NTPC is well-positioned to balance its coal-heavy base with fast-growing renewables. The Khavda project, one of India’s largest solar parks, is cent...

19Apr

By Newscript News NetworkNo Comments

News Bulletin

Green Finance Accelerates with IREDA Bond Issue

IREDA’s ₹453 crore perpetual bond issue on September 11 attracted strong investor interest, with subscription levels reaching 2.69 times the offering at 7.70% per annum. The success demonstrates growing appetite for renewable energy financing among domestic institutions. The proceeds support solar, wind and hybrid project development as India targets 500 GW renewable capacity by 2030. IREDA serves as crucial intermediary providing concessional finance while offering investors exposure to the clean energy expansion. Green bond markets in India have matured significantly, with cumulative issuance exceeding $15bn. Financial innovation includes infrastructure investment trusts and blended finance mechanisms combining public and private capital for project development. The successful o...