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HomeET EnergyWorld

ET EnergyWorld

GAIL to take over debt-laden JBF Petrochemicals in a rare deal for a PSU
International News

GAIL to take over debt-laden JBF Petrochemicals in a rare deal for a PSU

October 19, 2022

The takeover of JBF Petrochemicals by Gail will be a rare instance of a public sector enterprise buying out a distressed company since the Insolvency and Bankruptcy Code came into force in 2016. Lenders have […]

US forces steal 92 tankers of oil, wheat from Syria to Iraq
Geopolitical

US forces steal 92 tankers of oil, wheat from Syria to Iraq

October 18, 2022 Stu Turley

The oil tankers and wheat trucks were sent to Iraq on Monday through illegal border crossings set up by the US-led Syrian Democratic Forces, Xinhua news agency reported. Damascus: The US forces smuggled 92 tankers […]

Assessing semiconductor fab investment; targeting diversification, exports: BEL
International News

Assessing semiconductor fab investment; targeting diversification, exports: BEL

October 18, 2022

“We are already working with NHPC to manufacture solar equipment, such as solar cells, wafers, and others. We are looking at setting up a fab, with the government now providing 50 per cent of the […]

Many India Inc majors may be Net-Zero by 2050
International News

Many India Inc majors may be Net-Zero by 2050

October 17, 2022 Stu Turley

Several Indian corporate houses have set decarbonisation targets internally to become carbon neutral by 2050 or before. These include Vedanta, Aditya Birla Group, JSW Group, Adani Transmission, Mahindra & Mahindra, and Dalmia Cement, among others. […]

ReNew Power to invest Rs 30,000 cr to scale up green capacities: Chairman Sumant Sinha
International News

ReNew Power to invest Rs 30,000 cr to scale up green capacities: Chairman Sumant Sinha

October 17, 2022 Stu Turley

“We have 5,000 megawatts (MW) of projects that we are building right now. We have won various auctions… have PPAs (power purchase agreements),” Sinha, who is also the founder and CEO of the company, told […]

Coal is going to be back again as gas becoming unaffordable: FM Nirmala Sitharaman
International News

Coal is going to be back again as gas becoming unaffordable: FM Nirmala Sitharaman

October 17, 2022 Stu Turley

“The Western world has seen countries moving to coal. Austria has already said, and today…they are going back to coal,” Sitharaman told a group of reporters from India during an interaction on Saturday. Given the […]

India to produce 25 per cent of its oil demand by 2030: Hardeep Puri
International News

India to produce 25 per cent of its oil demand by 2030: Hardeep Puri

October 15, 2022 Stu Turley

The Union Minister shared this with the media at the three-day South Asian Geoscience Conference, GeoIndia 2022, which began at JECC, Sitapura in Rajasthan’s Jaipur on Friday.Jaipur: Indianpetroleumindustry is at the cusp of opportunity and […]

Pennar Industries bags NTPC Renewable Energy order
International News

Pennar Industries bags NTPC Renewable Energy order

October 14, 2022 Stu Turley

A press release from the city-based firm said it has emerged as the lowest bidder in a competitive bidding against the tender invited by NTPC REL and the scope of the project include design, engineering, […]

Sterling and Wilson Renewable Energy bags order worth Rs 2,212 crore from NTPC REL
International News

Sterling and Wilson Renewable Energy bags order worth Rs 2,212 crore from NTPC REL

October 13, 2022 Stu Turley

SWRE has emerged as the lowest bidder in a competitive bidding against the tender invited by NTPC REL and has been awarded the contract on 01.10.2022 with total value of Rs 2,212 crore (including taxes […]

IEX exploring opportunity to launch India’s first Carbon Exchange: S N Goel, Chairman & MD
International News

IEX exploring opportunity to launch India’s first Carbon Exchange: S N Goel, Chairman & MD

October 12, 2022 Stu Turley

Q&A with S N Goel, Chairman & MD, Indian Energy ExchangeIndia’s largestpowerexchangeIndian Energy Exchange(IEX) is preparing to boost the share of renewable energy in its trading volumes and also diversifying into newer areas like the […]

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