Energy Sector News - Latest Updates & Headlines
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.
30 coal blocks to be put for auction in the 12th round, says G Kishan Reddy
Mumbai, Feb 28: Union Minister of Coal and Mines G. Kishan Reddy on Friday said the coal sector plays a crucial role in India's energy future while emphasising the need to focus on green coal technologies and collaborative effort especially from the private sector to reduce imports and increase domestic coal.
Assam remains key player in India's energy sector: CM Himanta Biswa Sarma
Guwahati,, February 26: Chief Minister Himanta Biswa Sarma on Wednesday said that Assam remains a key player in India's energy sector and is witnessing significant infrastructural advancements.
Adani Electricity Mumbai recognised as No 1 utility company by Ministry of Power
Mumbai, February 21: Adani Electricity Mumbai Limited (Adani Electricity) has been recognized as India's premier power utility by the Ministry of Power (MoP) excelling in two independent assessment areas: one on Performance Excellence and the other on Customer Service Excellence, the company said in a statement Friday.
Elara Capital gives Adani Energy Solutions 'buy' rating with Rs 930 target price, an upside of 37 pc
Ahmedabad, Feb 20: Global brokerage Elara Capital on Thursday initiated coverage on Adani Energy Solutions Ltd (AESL) with a 'BUY' rating and a share price target of Rs 930 -- implying a 37 per cent potential upside from the current market price.
Centre to host roadshow in Kolkata on coal mine auctions tomorrow
New Delhi, Feb 18: The Ministry of Coal will host a roadshow on Coal Mine Auctions and Opportunities in the Coal Sector on Wednesday in Kolkata, according to an official statement issued on Tuesday.
Hardeep Singh Puri at forefront of making India hub for petroleum, natural gas initiatives: PM Modi
New Delhi, Feb 15: Prime Minister Narendra Modi extended heartfelt birthday wishes to Union Minister Hardeep Singh Puri on Saturday, praising his pivotal role in advancing India's energy sector.
Union Minister Hardeep Puri emphasises commitment to attract investors in energy sector
New Delhi, February 14: Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas on Friday emphasised the country's commitment to fostering a predictable, stable, and growth-oriented business environment in the energy market.
Experts at IEW 2025 stress policy coordination, strategic financial framework and state-centre synergy to unlock CGD's full potential
New Delhi, February 14: Stakeholders from India's City Gas Distribution (CGD) sector convened for a panel discussion on "Optimising India's Transformative City Gas Distribution Model to Deliver the Benefits of a Robust and Secure Gas-Based Economy," at India Energy Week 2025 to explore strategies to expand and optimise the CGD network.
Coal demand in India projected to reach 1,755 MT by 2047
New Delhi, Feb 10: The coal demand in India is projected to reach 1,462 million tonnes (MT) in 2030 and 1,755 MT by 2047, the government said on Monday.
Operating profits of offshore rig operators to surge by 30-35 per cent in 2025-26: Crisil
New Delhi, Feb 4: Indian offshore rig operators will see their operating profits surge 30-35 per cent in the next financial year, after a 25-30 per growth in the current fiscal year, according to a Crisil Ratings report released on Tuesday.
Adani Power plans to raise generation capacity by 1.7 times to 30.7 GW by 2030: Jefferies
New Delhi, February 3: Adani Power Ltd (APL), India's second-largest thermal power generation company after NTPC, is set to increase its power generation capacity significantly.
India's coal production clocks 6 pc growth to cross 830 million tonnes
New Delhi, Feb 3: India's coal sector has registered a 5.88 per cent increase in production to 830.66 million tonnes (MT) during April 2024 to January 2025 of the current financial year, from 784.51 MT recorded during the same period of 2023-24, according to a Coal Ministry statement issued on Monday.
GAIL Q3 net profit surges to Rs 3,867cr, declares dividend of Rs 6.50 per share
New Delhi, Jan 30: GAIL (India) Limited on Thursday reported a 45 per cent jump in net profit to Rs 3,867 crore for the October-December quarter (Q3) of the current financial year from Rs 2,672 crore in the previous quarter.
Mukesh Ambani lauds PM Modi's vision for self-reliance in energy sector, says no power can stop India's growth trajectory
Gandhinagar, January 28: Lauding Prime Minister Narendra Modi's vision and thrust for self-reliance in the energy sector, Reliance Industries Chairman Mukesh Ambani has said that India will emerge as the third largest economy in the world in a couple of years and no power on earth can stop India's growth trajectory.
Coal India Q2 net profit at Rs 8,491 crore, declares dividend of Rs 5.6 a share
New Delhi, Jan 27: Coal India on Monday reported a profit of Rs 8491.22 crore for the October-December quarter of the current financial year.
Adani Total Gas added 28 new CNG stations, PNG connections by 28,677 households in December quarter
Ahmedabad, January 27: Adani Total Gas has increased its CNG stations to 605 by adding 28 new stations in the just-concluded October-December quarter, the Adani Group company said in its quarterly earnings on Monday.
India is going to be engineer of world for next decade: CEO, Argentine Oil & Gas Company
New Delhi, January 20: India is going to be the engineer of the world for the next decade due to its rapid growth and large population, stated Horacio Marin, Chairman of the board and Chief Executive Officer (CEO) of the Argentine Oil and Gas Company YPF.
USIBC urges new US administration to prioritise reciprocal trade agreements with India in key sectors
New Delhi, January 18: The US-India Business Council (USIBC) has urged the incoming Trump administration in US to prioritise reciprocal trade agreements with India, particularly in defence, digital services and pharmaceuticals among others.
Cote d'Ivoire increases oil, gas output with Baleine Phase 2
Abidjan, Jan 16: Cote d'Ivoire's oil and gas production is expected to rise to a total of 75,000 to 85,000 barrels per day of crude oil from the current output of 30,000 barrels per day following the "successful" start of production in phase 2 of the Baleine field, the government said.
Thematic funds in India see 488 pc growth in net collections as manufacturing, energy lead
Mumbai, Jan 15: Thematic funds witnessed a remarkable 488 per cent growth in net collections last year, as sectoral and thematic funds reached Rs. 1,09,711 crore in collection (34 per cent of total net collections), a report showed on Wednesday.
India's coal Imports decline by 3.1 pc during April-October as local production rises
New Delhi, Jan 13: India's imports of high-quality coal declined by 3.1 per cent in the first seven months (April-October) of FY 2024-25 to 149.39 million tonnes (MT), compared to 154.17 MT during the same period in the previous year, due to the increase in domestic production, the Ministry of Coal said on Tuesday.
Russia to minimise impact of new US sanctions: Kremlin
Moscow, Jan 13: Russia will seek measures to minimise the consequences of new US sanctions targeting Moscow's energy sector, Kremlin spokesman Dmitry Peskov said Monday.
ONGC onboards technical services provider for enhancing production from Mumbai High Field
New Delhi, January 9: India's Exploration and Production (E&P) sector is vital for meeting the nation's growing energy demands, driven by rapid economic growth.
Coal sector achieves highest ever production & dispatch in CY 2024
New Delhi, January 4: The Ministry of Coal on Saturday stated that the coal sector has achieves highest ever production and dispatch in Calendar Year 2024.According to the Coal Ministry coal production reached an all-time high of 1,039.59 million tonnes (MT) (provisional) in 2024, marking a significant 7.28 per cent growth compared to the previous year's total of 969.07 MT.
Indian coal sector clocks record production, dispatch growth in 2024
New Delhi, Jan 4: Coal production reached an all-time high of 1,039.59 million tonnes (provisional) in 2024, marking a significant 7.28 per cent growth compared to the previous year's total of 969.07 MT, the government said on Saturday.