News Update Archives - Page 10 Of 10

GR Infraprojects Wins 2.5GW Transmission Contract in Madhya Pradesh

19Apr

By Newscript News NetworkNo Comments

News Update

GR Infraprojects Wins 2.5GW Transmission Contract in Madhya Pradesh

By Special Correspondent Newscript, August 19, 2025 GR Infraprojects has won a contract to evacuate 2.5GW of renewable power in Madhya Pradesh, marking one of the largest transmission awards in recent years. The project, awarded under tariff-based competitive bidding, involves building transmission lines and substations to connect new solar and wind farms to the national grid. The award reflects a critical bottleneck in India’s renewable push. While capacity additions in solar and wind have accelerated, transmission infrastructure has often lagged, leaving gigawatts stranded. The Madhya Pradesh project is intended to prevent such curtailment by synchronising supply with demand centres in northern and western India. GR Infraprojects, better known for highways and civil infrastr...

Energy Stocks Lifted by Windfall Tax Cut

19Apr

By Pallab BhattacharyaNo Comments

News Update

Energy Stocks Lifted by Windfall Tax Cut

Indian energy and metals stocks rallied on August 18–19 after the government cut its windfall tax on crude oil, easing pressure on upstream producers. State-run ONGC gained 1.75 per cent, while peers such as Oil India and Vedanta also saw modest upticks. The move reflects the government’s balancing act between revenue generation and industry sustainability. Windfall taxes were introduced in 2022 when global crude prices surged, ensuring extraordinary profits could be partially captured for the exchequer. With prices stabilising, policymakers have trimmed the levy to avoid discouraging investment in exploration and production. For ONGC and Oil India, the relief offers immediate margin gains, though the longer-term challenge remains stagnant domestic output. Executives argue that high ...

India Reaches 100GW of Solar Module Manufacturing Capacity

19Apr

By Pallab BhattacharyaNo Comments

News Update

India Reaches 100GW of Solar Module Manufacturing Capacity

India has crossed a symbolic threshold in its clean energy ambitions, with approved solar module manufacturing capacity now at 100GW—a staggering leap from just 2.3GW in 2014. The announcement underscores the success of government incentives such as the Production Linked Incentive (PLI) scheme, which has channelled billions into building a domestic supply chain. The milestone is as much geopolitical as industrial. For years, India was almost entirely dependent on Chinese modules, leaving developers exposed to supply shocks and price swings. The emergence of domestic capacity now promises a measure of independence, even as Chinese firms still dominate global polysilicon and wafer production. Industry executives caution, however, that approved capacity does not equate to operational ca...

West Bengal Sets New Rooftop Solar Rules to Empower Prosumers

19Apr

By Pallab BhattacharyaNo Comments

News Update, Renewables

West Bengal Sets New Rooftop Solar Rules to Empower Prosumers

West Bengal has become the latest Indian state to formalise rules for grid-interactive rooftop solar, issuing regulations on August 18 that could reshape how households and small businesses engage with the power sector. The West Bengal Electricity Regulatory Commission (WBERC) said the new framework aims to encourage “prosumers”—consumers who also generate electricity—to feed surplus power into the grid under more transparent conditions. The regulations come as rooftop solar adoption remains patchy across India, despite ambitious national targets. West Bengal’s power demand is heavily urbanised, concentrated in Kolkata and industrial belts. Until now, the absence of clear net-metering norms has stymied uptake, with many households unwilling to invest in rooftop systems given uncertainty...

Coal India unleashes Rs25 lakh worker bonanza as mining giant tightens grip on talent war

19Apr

By Newscript News NetworkNo Comments

Energy Transition, News Update

Coal India unleashes Rs25 lakh worker bonanza as mining giant tightens grip on talent war

Coal India, the world’s largest coal producer, has announced a comprehensive enhancement of employee benefits as the state-controlled mining giant seeks to retain talent amid India’s expanding energy demands. The company will implement new uniform policies whilst significantly increasing ex-gratia payments for workers from Rs15 lakh to Rs25 lakh, marking a 67 per cent increase in compensation. The benefit enhancement comes as Coal India faces mounting pressure to maintain production levels whilst addressing workforce retention challenges. The state miner, which controls approximately 70 per cent of India’s coal production, has been grappling with skilled labour shortages across its mining operations in eastern India. Industry analysts suggest the move reflects broader competitive pre...