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India plots dramatic gas surge to 15% of energy mix in fossil fuel pivot by 2030

19Apr

By Newscript News NetworkNo Comments

India plots dramatic gas surge to 15% of energy mix in fossil fuel pivot by 2030

New Delhi has announced ambitious plans to increase natural gas’s contribution to India’s energy mix from current levels of approximately 6.5 per cent to 15 per cent by 2030, according to petroleum ministry officials. The target forms a cornerstone of India’s strategy to reduce coal dependence whilst maintaining energy security during the transition to renewable sources. The government’s natural gas promotion strategy encompasses expanding pipeline infrastructure, encouraging industrial fuel switching, and developing city gas distribution networks across urban centres. Current gas infrastructure constraints have limited adoption despite price competitiveness compared to liquid fuels in transportation and industrial applications. Petroleum ministry data indicates that achieving the 15...

Servotech Renewable Power Surges on Solar Order Win

19Apr

By Newscript News NetworkNo Comments

News Update, Power

Servotech Renewable Power Surges on Solar Order Win

By Newscript News Network August 20, 2025 Shares of Servotech Power Systems rose nearly 7% on August 20 after the company announced it had secured a ₹28.84 crore order for the supply, installation, testing and commissioning of a grid-connected solar power plant. For Servotech, best known for its EV charging equipment and solar solutions, the order is a milestone that underscores its growing importance in India’s decentralised renewable push. The solar project, set for commissioning in FY26, will enhance distributed capacity and provide cleaner power directly to industrial users. “The market is beginning to reward small and mid-sized renewable firms that can deliver cost-effective, customised solutions,” said an energy consultant in New Delhi. Servotech has also diversified into...

Adani Power clinches massive Rs21,000 crore thermal deal in defiance of green transition

19Apr

By Newscript News NetworkNo Comments

News Update, Power

Adani Power clinches massive Rs21,000 crore thermal deal in defiance of green transition

Adani Power has secured a 1,600MW thermal power project from Madhya Pradesh Power Management Company, requiring capital investment of Rs21,000 crore in what represents one of India’s largest recent thermal generation awards. The contract strengthens the Adani group’s position in conventional power generation despite accelerating renewable energy adoption across the country. The project award comes as state electricity utilities seek reliable baseload power capacity to complement intermittent renewable energy sources. Madhya Pradesh’s decision to proceed with thermal capacity addition reflects practical challenges in achieving grid stability through renewable energy alone, particularly during peak demand periods. Adani Power’s successful bid reportedly offered competitive tariffs whil...

CCL Products Buys Into Renewable Future with Mukkonda Stake

19Apr

By Newscript News NetworkNo Comments

News Update

CCL Products Buys Into Renewable Future with Mukkonda Stake

By Newscript News Network August 20,2025 Coffee exporter CCL Products has taken a significant step towards greening its operations by acquiring a 26% equity stake in Mukkonda Renewables for ₹9.57 crore. The deal secures access to 7.9 MW of solar and wind capacity under a group captive model, ensuring both reliable energy supply and reduced carbon footprint. “This move ensures long-term energy cost savings while aligning our global brand with sustainability,” a CCL Products spokesperson said. With coffee demand surging across Europe and North America, global buyers are increasingly pressing exporters to demonstrate climate responsibility in their supply chains. India’s captive renewable model allows industrial consumers to directly own stakes in renewable assets and secure fixed...

19Apr

By Newscript News NetworkNo Comments

News Update

Daily Energy News Updates

1. India Fast-tracks Hydrogen in Industrial Transition India’s green hydrogen ambitions moved beyond policy rhetoric in 2025. The government’s ₹19,744 crore National Green Hydrogen Mission aims for 5mn tonnes annual production by 2030, with initial facilities taking shape in Gujarat’s industrial belt, Odisha’s port complexes and Tamil Nadu’s renewable corridors. Production costs remain challenging at $3-5 per kilogram, well above the $1 threshold needed for commercial viability against fossil alternatives. However, manufacturers are banking on scale economics and improved electrolyser technology to bridge this gap within five years. Industrial buyers face mounting pressure from global supply chains demanding carbon-neutral inputs. Fertiliser producers, oil refineries and steel mills—sec...

Power Finance Corporation prepares Rs10,000 crore bond blitz as banks desert energy sector

19Apr

By Newscript News NetworkNo Comments

News Update, Power

Power Finance Corporation prepares Rs10,000 crore bond blitz as banks desert energy sector

Power Finance Corporation, India’s largest power sector financier, plans to raise Rs10,000 crore through public bond markets as traditional bank lending to energy infrastructure projects contracts sharply. The state-owned financial institution’s move reflects broader funding pressures across India’s power sector development pipeline. Banking sector analysts indicate that commercial lenders have become increasingly cautious about power sector exposure following historical stress in thermal generation assets. Non-performing assets in the power sector have prompted banks to tighten lending criteria, creating funding gaps for both generation and transmission projects. PFC’s bond issuance strategy targets institutional investors including insurance companies, pension funds, and ...

ONGC: Exploration Revival Meets Transition Hesitancy

19Apr

By Newscript News NetworkNo Comments

News Update

ONGC: Exploration Revival Meets Transition Hesitancy

By Special Correspondent Newscript, August 18, 2025 Oil and Natural Gas Corporation has reasserted its exploration credentials, announcing discoveries in 20 blocks with estimated reserves of 75 million tonnes of oil equivalent. These finds, coupled with a joint operating agreement with Oil India for three OALP-IX blocks, suggest India’s upstream revival may finally be gaining traction. Yet ONGC’s challenge is execution speed. Historically, the company has taken years—sometimes decades—to monetise discoveries, hampered by regulatory clearances and infrastructure gaps. Compared with Petrobras or ExxonMobil, ONGC’s development timelines remain sluggish, leaving India heavily reliant on imports despite new reserves. Financially, ONGC remains robust, but its energy transition agend...

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

19Apr

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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...