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The Economic Times

NTPC Green Energy files draft papers for Rs 10,000 crore IPO

NTPC Green Energy has filed draft papers for a 100 billion rupees initial public offering, aiming to benefit from India's renewables expansion and a strong equities market. The company will issue new shares, with no existing shareholders selling stakes. This move aligns with India's goal to add 500 GW of clean energy by 2030.

The Economic Times

Coal India eyeing Argentina, Chile for critical minerals, says official

Coal India is exploring critical minerals in Argentina and is in discussions with Chile for lithium, according to India's federal mines secretary. The move aims to secure supplies of lithium, essential for electric vehicle batteries. India has listed 30 minerals as critical for clean energy adoption and is pursuing overseas pacts to secure these resources.

Business Line

India's Hero Future Energies plans to invest $20 billion in renewables over 6 years

Indian companies are expanding their renewable energy capacity, with the government aiming to add at least 500 GW of clean energy by 2030 to reduce emissions

Business Standard

Hero Future Energies plans to invest $20 bn in renewables over 6 years

Indian companies are expanding their renewable energy capacity, with the government aiming to add at least 500 GW of clean energy by 2030 to reduce emissions

The Economic Times

India, US for giving push to sustainable aviation fuel, hydrogen in buses

India and the US have agreed to boost sustainable aviation fuel, promote electrification of medium and heavy-duty vehicles, and use hydrogen in buses and tractors. The agreement was made during the Strategic Clean Energy Partnership dialogue, highlighting investments in clean energy markets and modernising power distribution for reliable energy access.

Business Standard

Tata Power installs rooftop solar systems at 600 locations in Chhattisgarh

Tata Power Solar Systems Ltd (TPSSL) has installed rooftop solar systems at more than 600 locations in Chhattisgarh under an initiative, a company official said on Sunday. The company, which is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL), launched its rooftop solar system installation initiative after its success in Rajasthan, Uttar Pradesh and Kerala, the official said.. Though the installation of rooftop solar systems under the initiative, 'GharGharSolar, Tata Power ke Sang', started in mid-this year in the state, it was officially launched by Tata Power Company Chief Executive Officer and Managing Director Praveer Sinha and TPREL CEO and MD Deepesh Nanda this week, the official said. The initiative intends to make clean energy available to all households in the state, building on the commitment to promoting sustainable energy solutions throughout India, he said. Chhattisgarh has become a significant hub for TPSSL's activities and initiatives, with a cate

The Economic Times

Tata Power Solar Systems rooftop solar installations reach 600 in Chhattisgarh

Tata Power Solar Systems Ltd has installed rooftop solar systems at over 600 locations in Chhattisgarh. The initiative, 'GharGharSolar, Tata Power ke Sang', aims to provide clean energy to households across the state. Residents can receive government subsidies to make solar installations more affordable and accessible.

The Economic Times

Water purifier maker Livpure eyes 10 lakh subscriptions in 4 years

Livpure aims to secure over 10 lakh subscriptions for its water-as-a-service model in the next four years, enhancing access to clean water across India. The company targets a turnover of Rs 900 crore this fiscal year, reflecting a growth of up to 60 percent from the previous year.

Business Standard

Water purifier maker Livpure eying over 1 mn subscriptions within 4 years

Livpure is betting big on its water-as-a-service model, targeting over 10 lakh subscriptions in the next four years as it intensifies efforts to scale up affordable access to clean and purified water across India, according to company Managing Director Rakesh Kaul. The company, also present in categories such as appliances, mattresses and sleep accessories, is targeting a turnover of Rs 900 crore this fiscal year, a growth of up to 60 per cent from the previous year. "India is a huge market, and everyone knows that purified water and access to purified water is a big challenge...Currently, in a country the size of ours, penetration of water purifiers is still at 7 to 8 per cent of the total household population of India," Kaul told PTI. With a view to reducing the cost of access to clean drinking water to consumers, he said,"We launched an innovative business model called water-as-a-service four years back, whereby we decided that the installation (of electric water purifier) will .

The Economic Times

BPCL to set up joint ventures with Sembcorp, GPS renewables

Bharat Petroleum Corporation Ltd (BPCL) is forming joint ventures with Sembcorp Green Hydrogen India for clean hydrogen projects and GPS Renewables for compressed biogas plants. These initiatives aim to help BPCL achieve its net zero goal and support India's energy transition. The BPCL board also approved $136 million for pipeline capacity expansion.

Business Standard

Mossant Fermentary launches clean-label tonics in four variants at Rs 99

India's non-alcoholic drinks market is expected to grow at a rate of 6.72 per cent, reaching $21.49 billion by 2028

Business Standard

Mossant Fermentary launches clean-label tonics in four variants at Rs 99

India's non-alcoholic drinks market is expected to grow at a rate of 6.72 per cent, reaching $21.49 billion by 2028

The Economic Times

Officials say regular checks will ensure better compliance in PM E-DRIVE

The government will conduct bi-annual inspections to ensure companies receiving subsidies under the PM E-DRIVE scheme comply with localisation norms. This Rs 10,900 crore initiative aims to promote clean mobility by subsidising electric buses, trucks, ambulances, two and three wheelers. The scheme also includes support for hybrid engine ambulances and incentives for scrapping old trucks.

Business Standard

EV promotion schemes great for making green transportation accessible: Siam

Auto industry body SIAM on Wednesday welcomed the government's decision to approve two schemes with a total outlay of Rs 14,335 crore to promote electric vehicles, saying the forward thinking initiative will make clean and green transportation more accessible to all. The Union Cabinet on Wednesday approved two schemes -- PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme with an outlay of Rs 10,900 crore over a period of two years, and PM-eBus Sewa-Payment Security Mechanism (PSM) scheme with a budget of Rs 3,435 crore. Reacting to the announcement, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra termed the move as "progressive step that underscores the firm commitment towards promoting sustainable mobility". He further said, "It will undoubtedly help accelerate the adoption of electric vehicles (EVs) across the country, making clean and green transportation more accessible to all." This forward-thinking initiative reflec

Business Standard

APSEZ, DPA to develop multipurpose berth at Gujarat's Kandla Port

Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it has signed a concession agreement with DPA to develop Berth No 13 at Deendayal Port, Kandla, Gujarat. APSEZ has incorporated a wholly-owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), that will carry out operations at the berth, it said in a statement. Berth will handle multipurpose cargo and is expected to be commissioned in FY27. In July 2024, APSEZ had received the LOI for the development, operation and maintenance of the berth for a 30-year concession period. According to the statement, APSEZ will develop the berth under DBFOT (Design, Build, Finance, Operate, and Transfer) model for multipurpose clean cargo, including container cargo. Berth No. 13 is 300 metres long and offers 5.7 MMT capacity annually. It is likely to be commissioned in FY27. APSEZ CEO and whole-time director Ashwani Gupta said, "Berth No. 13 will diversify our presence at Deendayal Port. We will now handle multipu

The Economic Times

Vedanta urges India to push Japan, South Korea to remove import tax on an EV battery component

Vedanta has asked the Indian government to push Japan and South Korea to eliminate import duties on nickel sulphate used in EV batteries. Vedanta, which imports nickel ores and converts them into nickel sulphate, aims to boost exports due to low domestic demand. Nickel is critical for India's clean technology goals.

Business Line

Clean Electric bags $6 million in Series A funding

The company also plans to extend its technology to e-4W (electric four-wheelers) and commercial vehicles. The round also saw participation from Lok Capital, and other investors

Mint

Spain's Zelestra plans $5 bn investment to set up 10 GW green power capacity

Zelestra will look to achieve an equal mix of solar and wind projects in India in the long run. Other than Zelestra, Some of the major global clean energy firms and investors currently operating in India include Sembcorp, Gentari, Brookfield Renewables, BlackRock and Mubadala.

The Economic Times

PM Modi urges Indian automotive industry to embrace best practices for sustainable growth

Prime Minister Narendra Modi urged the automotive industry to adopt global best practices and focus on green and clean mobility. Addressing the Society of Indian Automobile Manufacturers' annual convention, he emphasized the sector's role in driving economic growth and highlighted India's investment in future-ready infrastructure to ensure shared benefits of growth.

Business Standard

PM Modi asks automotive industry to bring global best practices to India

Prime Minister Narendra Modi on Tuesday asked the automotive industry to bring global best practices to India, while also working on green and clean mobility. In a written address to the annual convention of the Society of Indian Automobile Manufacturers (SIAM), Modi said the automotive industry will drive even higher economic growth and in turn, thrive on demand growth. "As we shift gears towards our collective goal of a Viksit Bharat by 2047, I am confident that organisations like SIAM will continue to bring together all stakeholders and become a force multiplier in this mission," he said. The prime minister said the road ahead demands that the country's progress is rapid, while also being sustainable. "Working (on) greener and cleaner mobility is a vital step in this direction. It is important that this climate-conscious and sustainable vision resonates with domestic and international partners," he asserted. "Further, at this critical juncture for India and the world, it is ...

The Economic Times

Clean Electric raises $6 million in funding from Info Edge Ventures, others

Clean Electric, a Pune-based startup developing fast-charging battery technology for electric vehicles, has raised $6 million in funding. The funds will be used to expand R&D, sales, and operations teams, and create new products. The company aims to scale its technology for electric four-wheelers and commercial vehicles within the next 12 to 18 months.

The Economic Times

NIIF gets CCI's clearance to acquire additional stake in Ather Energy

The Competition Commission of India has approved the National Investment and Infrastructure Fund's proposal to acquire an additional stake in Ather Energy. This transaction, under the green channel route, will help further IJF's goals in environmental sustainability and clean mobility. Ather Energy, known for its electric scooters, recently became a unicorn after securing significant funding.

The Economic Times

PLI should reward EV cell making, not batteries: GTRI

Think tank Global Trade Research Initiative (GTRI) suggests that India's production linked incentive (PLI) scheme should focus on making electric vehicle (EV) cells rather than batteries. GTRI highlights the need for battery recycling infrastructure and clean energy sources to power EV charging stations, while emphasizing long-term sustainability over short-term gains.

Business Standard

Clean Science & Technology invests Rs 50 cr in Clean Fino-Chem

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The Economic Times

India power emissions must peak by 2026 to meet Paris pact

India's power industry emissions must peak by 2026 to achieve net zero by mid-century, according to BloombergNEF. However, the government's push for coal usage makes this target unlikely. India needs $12.4 trillion in investment for clean energy, electric vehicles, and new technologies like carbon capture and green hydrogen.

The Economic Times

India’s renewables expansion threatened by poor weather data

India needs to enhance its weather monitoring to maximize clean energy potential, according to industry leaders. Low weather station density and infrequent measurements hinder wind farm performance. Better weather modeling is crucial for optimizing renewable energy production and ensuring safety and profitability, especially as India aims to expand its renewable capacity significantly by the decade's end.

The Economic Times

ISA in talks with Africa50 to manage USD 200 mn Africa Solar Facility

The International Solar Alliance (ISA) has entered exclusive discussions with Africa50 to manage its proposed Africa Solar Facility (ASF), a USD 200 million initiative aimed at boosting investment in distributed solar projects across Africa. This partnership aims to provide clean electricity to 600 million people, enhancing energy access and sustainable development.

The Economic Times

PM Modi calls to address imbalance in concentration of green energy investments; pitches for democratizing solar technology

Prime Minister Narendra Modi urged for a balanced distribution of green energy investments, currently skewed towards developed nations. In his address at the International Solar Festival, he emphasized democratizing technology for developing countries. Modi highlighted India's solar achievements and its dedication to expanding clean energy access globally, aiming for a livable planet.

CNBC TV18

Mastek Block Deal: Stock falls after 23.5 lakh shares worth ₹647.5 crore change hands

Sources within the Dealing Rooms indicate that the deal in Mastek is a likely clean out trade from an existing investor.

Mint

Jefferies Picks: 11 Indian growth stocks set to deliver strong returns over next five years

A report from Jefferies spotlights 11 Indian growth stocks poised for impressive returns, with the potential to ride India's booming market to new heights. From infrastructure to emerging clean energy players, these stocks could be the key to unlocking significant gains over the next five years.

Business Line

Krystal Integrated Services forms partnership with Nicomac Taikisha clean rooms

The collaboration involves deploying a specialized workforce by Krystal Integrated Services, aiming to provide manned guarding, security surveillance, integrated building management systems, and maintenance and cleaning services

Mint

These small cap green-energy stocks are near record highs. Will they pull back?

While clean energy companies are poised to benefit from an growing addressable market, their growth is normalising, which could bring valuations down over time.

CNBC TV18

PB Fintech Block Deal: 97 lakh shares change hands in likely clean out trade by Tencent

The transaction value and the price at which the shares changed hands is yet to be ascertained.

Business Standard

ReNew signs clean power sale agreement worth 437.6 MW with Microsoft

ReNew on Tuesday announced the signing of a clean power sale contract of 437.6 megawatt (MW) with Microsoft. The contract is expected to generate over one million units of green electricity attributes annually, contributing to Microsoft's aim to become carbon negative by 2030, ReNew said in a statement. "ReNew today announced the signing of a green attribute sale contract of 437.6 MW with Microsoft," it said. ReNew will direct about USD 15 million of revenue from the contract towards a community fund to support environment-focussed initiatives. This work will be delivered in partnership with the ReNew Foundation, the philanthropic arm of ReNew, which works to create sustainable communities through climate action with a focus on women and youth and whose efforts are aligned with Microsoft's Environmental Justice priorities. Puneet Chandok, President, Microsoft India & South Asia, said, "This agreement with ReNew accelerates our progress towards these goals while benefiting local ..

The Economic Times

ReNew, Microsoft sign 437.6-MW clean power sale agreement

ReNew has signed a 437.6 MW clean power sale contract with Microsoft. This deal aims to generate over one million units of green electricity annually, contributing to Microsoft's carbon-negative goal by 2030. ReNew will allocate USD 15 million from the revenue to support environment-focused community initiatives.

The Economic Times

Hybrid may lose pull as clean power builds storage, says SECI chief

SECI is getting a lot of interest as states and distribution companies realize the implications of non-compliance of renewable purchase obligations, the agency's chief said. More interest is expected from states as prices of storage and demand-based auctions get more attractive, Gupta said, adding that the demand in the future will also depend on the establishment of renewable power as a reliable source of energy.

Business Standard

Uttar Pradesh government plans clusters to meet farm exports target

The state government plans to leverage the Centre's Rs 1,800 crore Clean Plant Programme to enhance the quality of horticultural exports

Business Standard

Bajaj Auto targets 100K monthly sales of clean energy vehicles: Rajiv Bajaj

No plans to retire soon, says Bajaj Auto Managing Director Rajiv Bajaj

The Economic Times

Aiming to achieve net zero emission in railways by 2030: PM Modi

Prime Minister Narendra Modi stated the government's target to achieve net zero emissions in rail operations by 2030. Railway Minister Ashwini Vaishnaw detailed efforts like transitioning from diesel to electric traction and procuring renewable energy. An MoU with USAID/India was signed for support in clean energy planning and implementation.

The Economic Times

Why almost nobody is buying Green Hydrogen

Despite the hype surrounding hydrogen as a clean energy source, most of the planned 1,600 projects lack committed buyers. Only a minority have secured firm purchase agreements. Analysts advised that successful projects should align with customers and have integrated clean energy sources. Some ventures, like Hy Stor’s Mississippi project, followed this model.