RENEWABLE ENERGY EVACUATION
PM Modi in Bengaluru on Nov 13, to launch Rs 15,600 Cr projects, flag Off Goa Vande Bharat
Prime Minister Narendra Modi will visit Karnataka on November 13 to launch and lay the foundation stone for infrastructure, energy, transport and urban development projects worth more than Rs 15,600 crore across Bengaluru and Mysuru.
Karnataka plans feasibility studies for 1,500 MW floating solar capacity
Karnataka is currently exploring the establishment of floating solar power projects aimed at generating 1,500 MW capacity. The initiative includes conducting feasibility studies and surveys for suitable reservoirs and water bodies. KPCL will evaluate technical aspects and environmental impacts as part of project preparation. This project reflects the state's commitment to innovative renewable energy solutions while optimizing land and water resources.
When wars and AI cast a shadow, India has pressed a power reset
India’s renewable energy expansion is reshaping its energy security, cutting dependence on imported coal and natural gas as wars, oil supply disruptions and AI-driven electricity demand put pressure on power markets. An International Energy Agency report says clean energy saved India over $100 billion in fuel imports between 2011 and 2025, with cumulative savings potentially reaching $240 billion by 2030.
Iodine tablets and radiation fears: Is Iran preparing for the worst?
Iran has reportedly begun distributing iodine tablets to residents near its nuclear facilities amidst rising tensions. US military preparations against Iran have heightened anxieties about a potential attack on sensitive nuclear sites. Pickaxe Mountain, a key complex near Natanz, poses significant radiological risks if targeted in any confrontation. Iranian officials have warned of retaliatory actions that could extend far beyond the immediate conflict area.
CleanMax beats Q2 EBITDA estimates, reports strong H1 growth
CleanMax has surpassed analyst estimates for the third consecutive quarter, driven by portfolio expansion and strong business performance. The company reported a 58% rise in H1 EBITDA and a six-fold increase in profit after tax (PAT), highlighting its robust growth momentum and improving financial performance.
'Missile shield at Mar-a-Lago, mass burial drills': Is Trump ready?
The US military is enhancing its presence in the Middle East as tensions with Iran escalate. Preparations include reinforcing air defenses and conducting battlefield casualty exercises that have not occurred in decades. Recent reports suggest a possible military campaign against Iran could commence following the midterm elections. Despite ongoing diplomatic efforts, significant disagreements remain regarding nuclear negotiations and sanctions.
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Is the world preparing for war? Why US, UK, Japan and Europe are ringing emergency alarm bells
World War 3 coming? Is the world preparing for war? The governments across the world in the US, UK, Japan and Europe are strengthening emergency preparedness amid rising geopolitical tensions, cyber threats and fears of conflict. Here's what their plans mean and whether the world is preparing for war.
Power Grid asks cable and wire makers to scale up as transmission capex set to rise
Power Grid Corporation of India aims to exceed last year's capital expenditure of ₹40,000 crore for transmission projects. The chairman emphasized the necessity for manufacturers to enhance production capabilities and product quality. Growth in renewable energy projects is expected to drive high demand for cables and wires across the industry. Additional investments for the Green Energy Corridor-III program will further stimulate the market.
Singapore thrived on chokepoints. Now they’re a threat
Singapore faces challenges in maintaining its prosperity due to its dependence on larger neighboring countries for energy supplies. Recent tensions with Indonesia include energy supply cuts following Singapore's actions against companies linked to wildfires. The city-state's efforts to diversify energy sources through renewable projects are still limited and vulnerable to geopolitical pressures. Historical parallels to cities like Venice highlight the potential consequences of such dependencies in a changing global climate.
Adani Green’s debt maths: Why leverage may fall below 4x as capex cycle matures
Adani Green Energy Limited is looking forward to a decrease in leverage as its upcoming projects start functioning and yield cash flow. With a substantial ₹2.4 lakh crore earmarked for capital expenditures by FY30, the company aims to enhance its renewable energy capacity. As project loans are paid off, leverage is expected to dip below four times.
Oil Price Today (October 27): Crude oil below $115 amid peace talk hopes but attacks continue. What are experts saying?
Crude oil price : Oil prices have experienced a decline as diplomatic discussions aimed at easing tensions have taken place. Brent crude futures fell while West Texas Intermediate crude saw a slight drop as well. Ongoing attacks by Iran-aligned groups hinder the prospects of regional stability and heightened concerns about supply disruptions. Analysts anticipate potential supply shocks, which could significantly influence future oil prices.
KEC International bags Rs 2,872 crore PGCIL orders for 765 kV transmission lines
KEC International has secured orders worth ₹2,872 crore from Power Grid Corporation of India Ltd for 765 kV transmission lines. These contracts involve the design, supply, and installation of the high-voltage lines. The latest wins have contributed to a significant year-to-date order intake surpassing ₹13,500 crore for the company. This includes a major contribution from the Transmission and Distribution division amounting to ₹9,500 crore.
Why did market fall today? Sensex, Nifty end the week in deep red. 4 key factors behind sharp selloff
The Indian stock market has witnessed losses for four consecutive sessions due to multiple factors. Oil prices have surged to $114 per barrel following geopolitical tensions in the Middle East. Foreign institutional investors are actively selling Indian equities, leading to further market declines. Broader market indices such as Nifty Smallcap 100 and Nifty Midcap 100 are underperforming sharply.
Oil Price Today (October 23): Crude oil ticks over $114, jumps nearly 8% this week as energy attacks intensify. What are experts saying?
Brent crude futures rose 50 cents, or 0.45%, to $114.02 a barrel, while US West Texas Intermediate (WTI) crude gained 40 cents, or 0.42%, to $100.
High-voltage reality: ‘Data hubs need stable grids more than sops’
As states roll out the red carpet to attract private investments in artificial intelligence (AI) and cloud infrastructure, delivering uninterrupted power to project sites from day one would be crucial for their success, they said.
Brent crude oil prices hit $110 for first time since May as Iran attacks continue, Ukraine eyes Russia energy infra
Brent crude surpassed $110 per barrel as escalating attacks around the Strait of Hormuz and renewed Russia-Ukraine hostilities heightened global supply concerns. WTI also surged, recording weekly gains above 10%. Goldman Sachs warned prices could reach $120 if shipping disruptions worsen, while easing tensions could bring crude towards $80.
Saudi Aramco administrative building at Dhahran headquarters attacked
A limited fire broke out in an Aramco administrative building without injuries reported amid escalating tensions. The Saudi-led coalition conducted airstrikes on Houthi positions in Yemen in response to missile threats. Houthi forces retaliated by claiming they would target Saudi Arabia if attacked. Fighting in Taiz resulted in casualties and food shortages, leading to civilian displacement.
PM Modi to inaugurate five development projects worth around Rs 3,350 crore in Ladakh tomorrow
On October 15, Prime Minister Narendra Modi will inaugurate key development projects that enhance infrastructure in Ladakh. The projects aim to improve connectivity, energy security, and cultural heritage conservation in the region. These efforts include the New Passenger Terminal Building at Kushok Bakula Rimpochee Airport and the Nimmu-Padum-Darcha Road. Additionally, a Petroglyph Conservation Park and 40 water bodies under Project Him Sarovar will be inaugurated.
Oil Price Today (October 14): Crude oil gains to $107 as Houthis attack Saudi Aramco building in new attacks. What are experts saying?
Brent crude futures rose $1.40, or 1.35%, to $107.35 a barrel, while US West Texas Intermediate (WTI) crude futures gained $1.24, or 1.32%, to $95.38. Brent had fallen 0.9% on Tuesday, while WTI rose 0.4%.
Stocks in news: HCL Tech, RBL Bank, Nazara Tech, Hero Motors, Power Grid and IRCON
Indian stock markets struggled on Monday, as the Nifty 50 saw a considerable drop. The falls were attributed to increasing bond yields, consistent outflows from foreign institutional investors, and pervasive global concerns. Attention now shifts to forthcoming announcements from major players like HCL Technologies and RBL Bank, with quarterly earnings expected to influence investor outlook.
Adani Energy Solutions acquires Satara Power Transmission
PFC Consulting successfully transferred Satara Power Transmission to Adani Energy Solutions following a competitive bidding process. This project was established to develop a transmission system for network expansion in the Western Region. The project specifically aims to support pumped storage potential of up to 4500 MW near Satara, Maharashtra. Adani Energy Solutions is focused on enhancing shareholder value through this strategic acquisition.
Russia conducting nuclear drill near Cold War-era ‘Doomsday’ bunker recently upgraded with 24,000 tons of steel and 62,000 tons of cement
Russia is currently conducting a major nuclear disaster drill involving over 1,000 participants in the Sverdlovsk region. The exercise tests emergency services' responses to a nuclear catastrophe with multiple crises happening simultaneously. Associated with the Dead Hand system, a significant Cold War-era bunker is also being upgraded for renewed operations. Reports indicate extensive construction and procurement activities around the facility suggest improvements in its infrastructure.
L&T wins ₹10,000-15,000 crore power transmission orders in India, Middle East
Larsen & Toubro’s Power Transmission & Distribution business has won multiple EPC orders worth ₹10,000-15,000 crore across India, Saudi Arabia and the UAE. The projects include 380 kV transmission and substation works in Saudi Arabia, 132/11 kV substations and cabling in the UAE, and a transmission system of lines and substations in Visakhapatnam.
UN climate chief hails India's Green Energy Corridor-III, says grid strengthening will deliver "big dividends"
India’s Rs 1.86 lakh crore Green Energy Corridor Phase-III has won backing from the UN’s top climate official, who said stronger grids and battery storage could boost energy security, jobs and economic growth. The scheme aims to enable evacuation of about 135 GW of renewable power, deploy 50 GWh of battery storage and support India’s 500 GW non-fossil capacity target for 2030.
Cabinet gives green signal to Green Energy Corridor III
The Cabinet has approved a scheme with a project outlay of ₹1.86 lakh crore to enhance green energy transmission. This initiative includes financial support of ₹54,082 crore for developing infrastructure and battery storage. The Green Energy Corridor phase III aims to evacuate 135 GW of renewable energy and build 50 GWh of battery storage. Transmission service providers will construct and manage the new lines through competitive bidding systems.
GEC-III scheme to unlock next growth phase for India renewables sector
The Union Cabinet approved the GEC-III scheme, earmarking Rs 1.86 lakh crore for developing transmission systems and battery storage. This initiative will facilitate the evacuation of 135 GW of renewable energy by FY2032-33 while addressing industry concerns regarding transmission capacity. Experts believe that it will also lead to significant growth in the renewable sector and stabilize the electricity grid.
These 18 stocks could be likely beneficiaries as Centre unveils PM Dhara scheme worth Rs 1.86 lakh crore
The government’s Rs 1.86 lakh crore PM DHARA scheme is expected to boost renewable energy, power transmission, capital goods and cable companies. Targeting 135 GW renewable power evacuation, 50 GWh storage and 12–13 HVDC projects through 2027–2036, the programme could create substantial long-term order opportunities for infrastructure and equipment manufacturers.
Cabinet approves Rs 1.86 lakh crore electricity grid upgrade scheme
The Union Cabinet has approved a significant Rs 1.86 lakh crore scheme for upgrading the electricity grid. This initiative aims to evacuate 135 GW of renewable energy and establish 50 GWh of battery energy storage. New transmission lines will be awarded through Tariff-Based Competitive Bidding, ensuring efficient project delivery. Additionally, renewable energy developers will receive support for battery energy storage projects.
Cabinet clears Rs 1.86 lakh crore Green Energy Corridor-III to evacuate 135 GW renewable power
The Union Cabinet on Wednesday approved the Rs 1.86 lakh crore Green Energy Corridor Phase-III scheme to build transmission infrastructure for evacuation of up to 135 GW of renewable power and deploy 50 GWh of battery storage, as India prepares its grid for a sharp expansion in non-fossil energy capacity.
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