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Three days after the arrest of CREST project director Sukhwinder Singh Abrol in the ₹83-crore fraud case, the Chandigarh Police on Wednesday arrested an accountant, Sahil Kukkar, as the probe into the alleged siphoning of funds gained pace. A resident of Sector 78, Mohali, and originally hailing from Fazilka, Punjab, Kukkar joined the investigation on Tuesday. But during interrogation, he failed to clarify or justify multiple transactions amounting to crores that were funnelled into shell fi ...Read More >
Distribution utilities, or discoms, are also paying their current dues in time to avoid regulation under the rules. Outstanding legacy dues of power distribution utilities or discoms reduced to Rs 3,300 crore in March this year from Rs 1.39 trillion in June 2022, Parliament was informed on Thursday. Government of India notified the Electricity (Late Payment Surcharge and Related Matters) Rules on June 3, 2022. As per the rules, all dues owed to generating companies (IPPs, CPSEs, and Renewable ...Read More >
Nicosia, April 4 (SocialNews.XYZ) Indian High Commissioner to Cyprus Manish on Saturday called on Cypriot President Nikos Christodoulides at the Presidential Palace in Nicosia, reviewing the preparations for the President's visit to India in May, 2026, at the invitation of Prime Minister Narendra Modi. According to the Indian Embassy in Cyprus, the two sides discussed the key deliverables under the India-Cyprus Joint Action Plan, with a focus on deepening cooperation across various sectors, inc ...Read More >
Nicosia: Indian High Commissioner to Cyprus Manish on Saturday called on Cypriot President Nikos Christodoulides at the Presidential Palace in Nicosia, reviewing the preparations for the President's visit to India in May, 2026, at the invitation of Prime Minister Narendra Modi. According to the Indian Embassy in Cyprus, the two sides discussed the key deliverables under the India-Cyprus Joint Action Plan, with a focus on deepening cooperation across various sectors, including trade, investment, ...Read More >
Srinagar- The Centre has directed states and Union Territories to step up action against hoarding and black marketing of petroleum products and LPG, amid emerging supply concerns linked to the closure of the Strait of Hormuz. Invoking provisions under the Essential Commodities Act and the Liquefied Petroleum Gas (Regulation of Supply and Distribution) Order, the Ministry of Petroleum and Natural Gas (MoPNG) has asked state authorities to intensify enforcement, conduct daily raids and inspection ...Read More >
New Delhi: The Delhi government has amended its commercial LPG distribution policy to make it mandatory for industrial and commercial consumers to apply for a piped natural gas (PNG) connection before receiving fresh cylinder allocations, according to an order issued by the department of food, supplies and consumer affairs. The order, dated Thursday, modifies Clause 3.4 of the policy that was updated on March 26. It states that deliveries to commercial and industrial LPG consumers "shall be per ...Read More >
Karnataka has emerged as the second-largest hub for Electric Vehicle public charging stations in India, with 2,039 operational units installed by oil marketing companies. This puts Karnataka just behind Uttar Pradesh in the national rankings, according to data by Ministry of Heavy Industries. According to the data accessed by The Hindu, a total of 2,039 EV public charging stations (EV PCS) installed by oil marketing companies (OMCs) are currently operational in Karnataka. A year-wise analysis s ...Read More >
Loan sanctions during FY26 rose to Rs 51,883 crore, marking a growth of 9 per cent over Rs 47,453 crore in the previous financial year State-owned Indian Renewable Energy Development Agency (Ireda) has reported its highest-ever annual loan sanctions of Rs 51,883 crore and disbursements of Rs 34,946 crore in FY 2025-26 as per provisional data released on Tuesday. The outstanding loan book witnessed a significant expansion of 22 per cent at Rs 93,075 crore as on March 31, 2026, up from Rs 76,282 ...Read More >
Shri Rajesh Kumar has assumed charge as Director (Finance) at REC Limited on 2nd April 2026. On 25th March 2026, the Appointments Committee of the Cabinet (ACC) approved the proposal from the Ministry of Power for the appointment of Shri Rajesh Kumar as Director (Finance) at REC Limited for a period of five years. Rajesh Kumar is a seasoned finance professional who brings over 30 years of extensive experience in the public sector, specifically in the power and infrastructure financing domains. ...Read More >
Chennai: As summer intensifies, demand for power in the state begins peaking. But, dry weather and clear skies are keeping solar generation high, helping meet daily electricity needs.The state's peak demand -- the highest level of electricity demand recorded on the grid during a specific period -- has hovered around 20,000 megawatts (MW) in recent weeks, while daily consumption has stayed above 400 million units. Solar output has also risen steadily. On Wednesday, solar power generation set reco ...Read More >
Himachal Pradesh Power Corporation Limited (HPPCL) has issued a Notice Inviting Tender (NIT) for the development of a solar-plus-storage project in Solan, Himachal Pradesh. The tender, released on March 31, 2026, invites bids through a national open competitive e-tendering process. The project, titled Dabhota-I Solar Power Project, will comprise a 9 MW (AC) solar photovoltaic plant integrated with a 3.15 MW / 6.3 MWh Battery Energy Storage System (BESS). Designed as a hybrid renewable energy pr ...Read More >
New Delhi [India], April 3 (ANI): Vandana Bharti, AVP and Head of Commodity Research at SMC Global Securities, highlighted that the West Asian war is causing a significant disruption in global crude oil supplies, with 10 million barrels of oil missing from the market daily. Speaking with ANI on Thursday, she also shed light on the volatile shift in the global energy market. After a brief period of optimism earlier this week, the outlook for a ceasefire in the West Asian conflict has dimmed, rep ...Read More >
Visakhapatnam: Following an incremental rise of petroleum products in cargo composition summing up to a 25 percent jump, the 92-year-old Visakhapatnam Port has laid out an action plan for a Rs.3,000 crore-project with a special emphasis on 'clean cargo'. Shifting from its reliance on traditional bulk cargo, Visakhapatnam Port focuses on diversifying its compositions towards much cleaner and more varied cargo. Although petroleum products are generally handled in the harbour through direct pipel ...Read More >
New Delhi: The government is taking several measures to reduce LPG import dependence and enhance energy security over the medium to long term, minister of state for environment Suresh Gopi informed the Lok Sabha on Thursday in a written response. These include prioritising piped natural gas (PNG) and renewable energy development, including solar, wind, bioenergy and green hydrogen. Further, as part of a strategy to diversify LPG imports, PSU oil marketing companies have recently concluded cont ...Read More >
PRNewswire Mumbai (Maharashtra) [India], April 1: Hinduja Renewables Energy Private Limited (HREPL), part of the Hinduja Group, today announced a long-term solar Power Purchase Agreement (PPA) with LG Electronics India (LGE India) to supply solar energy to one of its manufacturing operations, supporting the company's transition towards sustainable manufacturing. - Signed a 9.80 MWp solar PPA to supply clean energy to LGE India's Pune plant - Project to generate 1.61 crore units clean energy a ...Read More >
Nearly 1,200 Indian nationals, most of them students, have left Iran since the start of the West Asia conflict by crossing via land borders to Armenia and Azerbaijan, while three Indians were injured in attacks in the United Arab Emirates (UAE), officials of the external affairs ministry said on Wednesday. About 9,000 Indians, including students and businesspeople, were in Iran when military strikes by Israel and the US on February 28 triggered the conflict. Scores of students were moved from c ...Read More >
MUMBAI, India, April 1, 2026 /PRNewswire/ -- Hinduja Renewables Energy Private Limited (HREPL), part of the Hinduja Group, today announced a long-term solar Power Purchase Agreement (PPA) with LG Electronics India (LGE India) to supply solar energy to one of its manufacturing operations, supporting the company's transition towards sustainable manufacturing. Under the agreement, HREPL has signed a 9.80 MWp solar PPA to supply clean energy to LGE India's Pune manufacturing facility. The project w ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): As the conflict in West Asia continues, Navy Chief Admiral Dinesh K Tripathi weighed in on the implications of the war, stating that the competition at sea has moved beyond oil and energy to expand alternative energy resources. Addressing at the flagging off ceremony of the 2nd edition of IOS SAGAR, Admiral Dinesh K Tripathi highlighted the economic impact of the conflict which he believed will push countries towards procurement of rare earth element ...Read More >
New Delhi, Apr 2 (PTI) NTPC on Thursday said it generated 432.2 billion units of electricity and achieved highest every capacity addition of 9,619 MW in fiscal year 2025-26. NTPC added 5,488 MW of renewable capacity in FY26 across solar, wind, and Pumped Storage Projects (PSP), a company statement said. In FY26, NTPC achieved coal production of 48.65 million tonne, registering a steady 6.22 per cent year-on-year (YoY) growth. The company also recorded a strong growth in power trading, with 46.52 ...Read More >
New Delhi [India], April 2 (ANI): Rajesh Kumar has assumed charge as Director (Finance) at REC Limited on April 2. On March 25, the Appointments Committee of the Cabinet (ACC) approved the proposal from the Ministry of Power for the appointment of Rajesh Kumar as Director (Finance) at REC Limited for a period of five years. Also Read | Mock Drill on Hostile Attack in Delhi at 8 PM Today? Here's the Fact Check of the Viral Notice. Rajesh Kumar is a seasoned finance professional who brings over ...Read More >
New Delhi: The government has marginally exceeded the indirect tax collection target for fiscal 2025-26, an official said on Thursday. The total indirect tax collection, which includes customs, excise and GST, as per Revised Estimates (RE), was pegged at over Rs 15.52 lakh crore for FY26. This includes Rs 2.58 lakh crore from customs duty, Rs 3.38 lakh crore from excise duty, and Rs 9.58 lakh crore from Central Goods and Services Tax (CGST). Without giving actual figures, the official said that ...Read More >
New Delhi: Ceigall India is stepping deeper into renewable energy with a sizeable solar project in Madhya Pradesh. Ceigall Green Energy MP Limited has completed the execution of 15 power purchase agreements with Madhya Pradesh Power Management Company Limited. As detailed on page 1, the agreements cover a total awarded capacity of 130 MW under the Surya Mitra Krishi Feeder Yojana. This marks a significant milestone in the company's expansion into the renewable energy sector. The agreements out ...Read More >
New Delhi [India], April 2 (ANI): The government has allowed manufacturing units operating in Special Economic Zones (SEZs) to undertake domestic sales under a time-bound framework. Sources in the government says the notification a key budget announcement was announced to give relief to domestic industry. According to the sources, the scheme is linked to the percentage of export turnover and also factors in the date of commencement of manufacturing activity within SEZs. It has been designed as ...Read More >
Mumbai: India's economic growth could slow and inflation may rise if crude oil prices remain elevated amid the ongoing West Asia conflict, according to a report by CareEdge Ratings. The report highlighted that if crude oil prices average around USD 100 per barrel, India's GDP growth for FY27 could decline to 6.5 per cent. At the same time, inflation is expected to rise above 5 per cent, reflecting the impact of higher energy costs on the economy. Also Read: India's economy shows early strain; ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): India's economic growth could slow and inflation may rise if crude oil prices remain elevated amid the ongoing West Asia conflict, according to a report by CareEdge Ratings. The report highlighted that if crude oil prices average around USD 100 per barrel, India's GDP growth for FY27 could decline to 6.5 per cent. At the same time, inflation is expected to rise above 5 per cent, reflecting the impact of higher energy costs on the economy. Also Read ...Read More >
New Delhi: The government has marginally exceeded its indirect tax collection target for 2025-26, buoyed by steady inflows from customs, excise and GST, even as collections from a key cess on pan masala fell short of expectations, an official said on Thursday. As per Revised Estimates (RE), total indirect tax collections -- comprising customs duty, excise duty and Central Goods and Services Tax (CGST) -- were pegged at over Rs 15.52 lakh crore for FY26. This included Rs 2.58 lakh crore from cus ...Read More >
Mumbai (Maharashtra) [India], April 2 (ANI): India's economic growth could slow and inflation may rise if crude oil prices remain elevated amid the ongoing West Asia conflict, according to a report by CareEdge Ratings. The report highlighted that if crude oil prices average around USD 100 per barrel, India's GDP growth for FY27 could decline to 6.5 per cent. At the same time, inflation is expected to rise above 5 per cent, reflecting the impact of higher energy costs on the economy. The report ...Read More >
Udaipur News: A financial assistance of Rs. 81.12 crores has been sanctioned for Rajasthan by the Government of India. The assistance was offered to the Rajasthan Renewable Energy Corporation so the state could significantly speed up its existing nascent stage electric vehicle (EV) infrastructure. The fund would be utilized by the corporation for establishing public charging stations for EVs across Rajasthan. In Rajasthan, a total of 591 charging stations would be set up across 262 locations an ...Read More >
MUMBAI: India's corporate credit profile remained resilient in FY26 with rating upgrades outpacing downgrades across agencies, although moderation in momentum and rising global risks have prompted a more cautious outlook for FY27.India Ratings and Research, CRISIL Ratings, CareEdge Ratings, and ICRA released their assessments for FY26, indicating that while corporate balance sheets remained stable, emerging risks are building as FY27 approaches.The upgrade to downgrade ratio, a key measure of co ...Read More >
Gujarat Victory Forgings IPO | The proposed offer comprises a fresh issue of up to 65 lakh equity shares and an offer for sale of up to 1.32 crore equity shares by a promoter. Gujarat Victory Forgings Ltd has filed draft papers with the capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of up to 65 lakh equity shares and an offer for sale of up to 1.32 crore equity shares by a promoter, according to the draft red her ...Read More >
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