Power Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India’s power sector. Both companies have received in-principle approval for the restructuring. Legal and financial advisors have been appointed. Discussions on the detailed structure are ongoing and require regulatory approvals.
Tata Power plans a significant capital expenditure of Rs 25,000 crore annually until FY30, with 65% dedicated to clean energy projects. The company aims to nearly triple its clean and green capacity to 20 GW by March 2031 and expand its customer base in the distribution segment to 40 million by 2030.
The Centre has amended the Legal Metrology (Government Approved Test Centre) Rules, 2013, to expand verification infrastructure for weights and measures. Five new fuel dispensing systems, including CNG, LNG, and hydrogen, have been added to the GATC framework. This move aims to enhance verification services, improve efficiency, and support the adoption of cleaner fuels across…
Adani Total Gas has appointed Preyash Jhaveri as its Interim Chief Financial Officer. This appointment is effective from December 22, 2025. Jhaveri has been designated as a key managerial personnel. He brings over 30 years of experience in finance and accounting across various sectors. Jhaveri has been with Adani Total Gas since 2007.
Indian Oil continues its Russian oil imports, guided by economic factors and the absence of explicit government directives. Despite potential US penalties and ongoing Trump-Putin talks regarding Ukraine, the company maintains a steady 22% share of Russian crude in its refining process. The decision hinges on economic viability, with Russian oil currently offered at a…
PFC has secured a EUR 150 million loan from KfW to support India’s Revamped Distribution Sector Scheme (RDSS). This collaboration aims to improve the operational and financial efficiency of power distribution companies nationwide. The partnership between PFC and KfW strengthens Indo-German cooperation in the energy sector, advancing the shared goal of accelerating energy transition and…
India has the potential to become a preferred global destination for data centres, supported by a strong and integrated national power grid and a transformed energy sector, Commerce and Industry Minister Piyush Goyal said Monday, during a media interaction.
Hotels and restaurants across India face higher operating costs. Commercial cooking gas prices saw a Rs 111 rise on January 1, 2026. A 19-kg cylinder in Delhi now costs Rs 1,691.50. Mumbai prices also climbed. Kolkata and Chennai experienced significant price hikes. This impacts service operators nationwide.
India is exploring higher ethanol blending in petrol and flex-fuel vehicles. This move aims to reduce reliance on imported oil. Discussions are underway with industry stakeholders. The government is preparing for increased biofuel use in transportation. This initiative seeks to boost domestic biofuel production and consumption.
The Ministry of Power has updated its ‘Make in India’ rules for the power sector. A new plan will gradually increase local content in HVDC substations. This aims for 60 percent Indian-made components by 2035. The changes provide a transition for domestic industries to grow their capacity.