Energy Sector News - Latest Updates & Headlines
Adani Power completes acquisition of 600 MW Vidarbha Power
Ahmedabad, July 8: Adani Power, India's leading private thermal power producer, successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, as per the official statement by the company.
Adani Power completes 600 MW Vidarbha Power acquisition, operating capacity reaches 18,150 MW
Ahmedabad, July 8: Adani Power Ltd (APL) on Tuesday said it has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd (VIPL) for Rs 4,000 crore.
India's M&A activity hits $61.3 billion in H1 2025, highest since 2022: Report
New Delhi, July 2: India's mergers and acquisitions (M&A) activity remained strong in the first half of 2025, with total deal value touching $61.3 billion, a new report said on Wednesday.
Coal production from captive and commercial mines grew 16% in Apr-June 2025; dispatches up 13%
New Delhi, July 2: Coal production from captive and commercial mines in June 2025 reached 15.57 million tonnes (MT), while coal dispatches were recorded at 17.31 MT, according to the Ministry of Coal.
Uttarakhand CM Dhami credits PM Modi for boosting research, global ties in energy sector
Dehradun, June 28: Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday highlighted the state's progress in the energy sector, particularly in natural gas and oil, under the leadership of Prime Minister Narendra Modi.
NTPC's 3,300-MW power plant in Bihar to go fully operational from July 1
New Delhi, June 26: State-run power major NTPC on Thursday announced that its 3,300 MW Barh Super Thermal Power Project in Bihar will become fully commercially operational from July 1.
Modi govt opened up one million sq km basin in big push for India's oil-gas hunt, says Hardeep Puri
New Delhi, June 22: The Narendra Modi government has opened up for oil and gas exploration, a staggering one million sq km of India’s 3.5 million sq km sedimentary basin, which was off-limits for hydrocarbon exploration earlier, Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Sunday.
India moves up among top global destinations for FDI in 2024: UNCTAD
New Delhi, June 19: India moved up among top global destinations for foreign direct investment (FDI) in 2024, remaining the dominant recipient in South Asia and accounting for the vast majority of FDI inflows, a United Nations Conference on Trade and Development (UNCTAD) report said on Thursday.
ONGC strikes more oil & gas in Mumbai offshore basin
New Delhi, May 25: Government-owned Oil and Natural Gas Corporation (ONGC) has made new oil and gas discoveries in the Mumbai Offshore hydrocarbon basin that are expected to enhance the production of the upstream oil giant in the near future.
Oil India records 10 pc rise in net profit at Rs 6,114 crore for FY25
New Delhi, May 23: Government-owned Oil India Limited (OIL) reported a 10.13 per cent increase in net profit to Rs 6,114.19 crore for the financial year ended March 31, 2025, driven by record-high oil and gas production.
NTPC Green Energy reports 188 pc surge in Q4 net profit, revenue up 22.4 pc
Mumbai, May 21: NTPC Green Energy, a wholly-owned subsidiary of the state-run power giant NTPC Limited, announced on Wednesday that its consolidated net profit nearly tripled in Q4 FY25, rising by 188 per cent to Rs 233.21 crore compared to Rs 80.95 crore in the same quarter last fiscal (Q4 FY24).
India to showcase power sector achievements at BRICS energy ministers' meet
New Delhi, May 17: India is prepared to highlight its progress in the power and energy sector at the upcoming BRICS 'Energy Ministers' Meeting', which will take place in Brazil on May 19, the Ministry of Power said on Saturday.
Telangana's power demand up by 9.8 per cent
Hyderabad, May 16: Telangana's power demand grew by 9.8 per cent during this year, officials said on Friday.
Adani Power to supply 1,500 MW to UP from upcoming greenfield power plant
Ahmedabad, May 10: Adani Power Ltd on Saturday said it has won a tightly-contested bid to supply 1500 MW (net) of thermal power to Uttar Pradesh.
Shell, Reliance, ONGC sucessfully complete India's first offshore facilities decommissioning project
New Delhi, May 5: In a landmark achievement for India's energy sector, the Panna-Mukta and Tapti (PMT) joint venture partners - Shell (through BGEPIL), Reliance Industries, and Oil and Natural Gas Corporation (ONGC) have successfully completed the country's first offshore facilities decommissioning project with the safe removal of mid and south Tapti field facilities, a joint statement said Monday.
Coal production from captive, commercial mines shows robust growth in April
New Delhi, May 2: Coal production from captive and commercial mines in the country stood at 14.01 million tonnes (MT) in April, while coal dispatch was recorded at 16.81 million tonnes (MT), reflecting a robust start to FY2025–26, the government data showed on Friday.
India's coal production reaches 81.57 MT, grows 3.63% in April
New Delhi, May 1: India's overall coal production during April 2025 reached 81.57 million tonnes, marking an increase over the 78.71 MT produced in the corresponding period of the previous year, the Coal Ministry said in a release.
Adani Enterprises posted 26% rise in consolidated EBITDA, incubating businesses surge 68%
Ahmedabad, May 1: Adani Enterprises Ltd (AEL), the company of the Adani Group, reported a consolidated EBITDA rising by 26 per cent year-on-year to Rs 16,722 crore, driven by continued strong operational performance from incubating businesses.
India's coal production rises 3.6 pc to cross 81.5 million tonnes in April
New Delhi, May 1: The overall coal production in India during April reached 81.57 million tonnes (MT), marking an increase of 3.63 per cent over the 78.71 MT produced in the corresponding period of the previous year, the government said on Thursday.
Indian Oil's net profit jumps 50% to Rs 7,625 crore in Q4FY25; Rs 3 announced as dividend
New Delhi, April 30: Indian Oil Corporation Ltd. (IOCL) has registered a net profit of Rs 7,265 crores during the January-March quarter (Q4 2024-25), as compared to Rs 4,838 crores in the corresponding quarter of the previous financial year. The net profit grew 50 per cent on a yearly basis.
Adani Power generates 20% more power in 2024-25 at 102.2 billion units
Ahmedabad, April 30: Adani Power Limited has generated 102.2 Billion Units of power in the just-concluded financial year 2024-25, up by 19.5 per cent from 85.5 BU in 2023-24, the company's earnings results released Wednesday showed.
Adani Green surpasses $1 bn in EBITDA in FY25, RE capacity up 30 pc to 14.2 GW
Ahmedabad, April 28: Adani Green Energy Ltd (AGEL) on Monday posted robust FY25 results, surpassing $1 billion in EBITDA, as operational renewable energy (RE) capacity grew a healthy 30 per cent to 14.2 GW (year-on-year), which continues to be India’s largest.
Coal miners are real energy warriors of the nation: Union Minister
New Delhi, April 10: Over 70 per cent of India's electricity generation depends on coal, Union Minister of Coal and Mines, G. Kishan Reddy, said on Thursday, underscoring the need to balance development with sustainability, accelerate responsible mine closure practices, and continuously improve environmental benchmarks.
Himachal Electricity Board to be strengthened: CM Sukhu
Shimla, April 7: Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu, while presiding over a review meeting of the Energy Department here today, reiterated the state government's commitment to strengthening the Himachal Pradesh State Electricity Board Limited (HPSEBL) and assured all possible support to ensure improved services for the people of the state.
Coal production in India crosses 1 billion tonne milestone in FY25
New Delhi, April 4: India achieved a historic milestone as it crossed one billion tonnes of coal production on March 20 in 2024-25, surpassing last fiscal year's 997.83 million tonnes (MT).
Ministry of Coal logs record production, dispatch in captive and commercial Mines in FY25
New Delhi, April 2: The Ministry of Coal has set a new record in captive and commercial coal production and dispatch for the just-concluded financial year 2024-25.
Cheap thermal coal prices emerge as attractive input for power generation in India: BofA Securities
New Delhi, March 31: Thermal coal in India is once again relatively cheap, making it an attractive input for electricity generation from a price perspective for thermal plants, as per a report by BofA Securities.
L&T bags largest-ever contract from QatarEnergy LNG for its offshore hydrocarbon business
New Delhi, March 26: Larsen & Toubro's (L&T) Hydrocarbon Business, L&T Energy Hydrocarbon (LTEH), has secured its largest-ever contract with QatarEnergy LNG. The Ultra Mega Offshore Contract, awarded for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 4), marks a significant milestone for L&T in the global liquefied natural gas (LNG) sector.
Renewable energy hiring to surge around 18 per cent in FY25 as demand for skilled professionals rises
Bengaluru, March 21: As India accelerates its transition towards achieving renewable energy targets of 500 GW of non-fossil fuel capacity by 2030, the sector is undergoing a significant workforce transformation, according to Teamlease report.
Lok Sabha okays oilfield amendment bill to attract more investments
New Delhi, March 13: The Lok Sabha has passed the Oilfield (Regulatory and Development) Amendment Bill, 2024 which aims to reform the legal framework to attract more investments for the exploration and production of oil and gas in the country.
Fitch removes Adani Energy Solutions from negative watch in first rating upgrade since US indictment
New Delhi, March 10: Fitch Ratings has removed Adani Energy Solutions from 'Rating Watch Negative' and affirmed its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'.
India's power capex to surge to Rs 5 trn annually in FY2030, most investment in renewables: UBS Research
New Delhi, March 6: India's power sector is set to witness strong capital expenditure (capex) growth over the next five years, with annual investment expected to reach around Rs 5 trillion by FY30, according to a report by UBS Research.
Coal production from captive and commercial mines grows 32.53% YoY to 167.36 MT
New Delhi, March 5: The total coal production from captive and commercial mines for the financial year 2024-25 has reached 167.36 million tonnes (MT) as of February 2025, the Ministry of Coal said in a release on Wednesday.
India's power consumption crossed 131.5 billion units in Feb
New Delhi, March 4: India's power consumption increased to 131.54 billion units (BU) in February this year, from 127.34 BU in the same month last year, according to official figures.
India emerges as world's 3rd largest biofuel producer: Hardeep Puri
New Delhi, March 3: In the global energy landscape, India stands strong as the third largest biofuel producer, driving the shift towards cleaner and renewable energy, Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Monday.
Ministry of Coal to host 3rd roadshow on commercial coal mine auctions in Gujarat's Gandhinagar tomorrow
New Delhi, March 2: As part of its ongoing efforts to promote commercial coal mining and attract private investment, the Ministry of Coal is organizing a Roadshow on Commercial Coal Mine Auctions and investment Opportunities in Gandhinagar, Gujarat, tomorrow. The event aims to bring together industry stakeholders, potential investors, and policymakers to accelerate private sector participation in India's coal sector, the Ministry of Coal said in a release on Sunday.
Govt to host 3rd roadshow on coal mine auctions in Gandhinagar on Monday
New Delhi, March 2: As part of its ongoing efforts to promote commercial coal mining and attract private investment, the Union Ministry of Coal is organising a roadshow in Gujarat's Gandhinagar on Monday on the upcoming auctions and investment opportunities in the coal sector, according to an official statement issued on Sunday.
India's coal production in February sees 5.73% growth, reaches 928.95 mt
New Delhi, March 1: India's coal production for the month of February reached 928.95 million tonnes (MT), reflecting a 5.73 per cent increase compared to 878.55 MT in the same period last year, the Ministry of Coal said in a release on Saturday.
India's coal production sees 5.73 pc growth in April-Feb period to reach 928.95 MT
New Delhi, March 1: Cumulative coal production reached 928.95 million tonnes (MT) in the April-February period this fiscal (FY25), reflecting a 5.73 per cent increase compared to 878.55 MT in the same period last year, the government said on Saturday.
Coal movement on Rail-Sea-Rail route doubles to 54 million tonnes over 2 years
New Delhi, Feb 28: The Ministry of Coal said on Friday that it has doubled the movement of coal on its Rail-Sea-Rail route initiative which integrates the two modes of transportation for the efficient movement of coal.