government

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PFC’s Profit Rises 20% YoY to ₹71.82 Billion in Q1 FY 2025

Government-owned Power Finance Corporation (PFC) has reported a 20% increase in consolidated Profit After Tax (PAT), rising from ₹59.82 billion (~$712.6 million) in the...

August 7, 2024

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Gautamee Hazarika

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Finance and M&A

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Other
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Ethanol Blended Petrol Saves India ₹243 Billion in Foreign Exchange

The Ethanol Blended Petrol (EBP) program by the Ministry of Petroleum and Natural Gas has saved public sector Oil Marketing Companies ~5.09 billion liters of petrol...

December 12, 2023

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Staff

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Biofuel

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Other
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Daily News Wrap-Up: PFC Approves RDSS Projects Worth ₹1.17 Trillion for DISCOMs

Government-owned Power Finance Corporation (PFC) has approved projects worth over ₹1.17 trillion (~$14.04 billion) for various state distribution companies under the...

November 23, 2023

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Mercom Staff

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Daily Wrap-up
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GOBARdhan Initiative Soars with Over 1,200 Biogas Plants Registered Nationally

Since its launch on June 1, 2023, the unified registration portal for GOBARdhan has witnessed an influx of registrations from functional, under-construction, and...

July 31, 2023

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Gautamee Hazarika

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Biofuel

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Markets & Policy

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Renewable Energy
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Ministry of Power Notifies Carbon Credit Trading Program

The Ministry of Power (MoP), in consultation with the Bureau of Energy Efficiency, has launched the Carbon Trading Program 2023, outlining the processes, regulating...

July 3, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Reduced NPAs Help IREDA Post 12% YoY Jump in Q4 Profit at $31 Million

Government-owned lender Indian Renewable Energy Development Agency (IREDA) posted a profit of ₹2.54 billion (~$31 million) for the fourth quarter (Q4) of the financial...

April 26, 2023

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Gautamee Hazarika

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Finance and M&A

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Other

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Renewable Energy
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Daily News Wrap-Up: Regulator Issues Measures to Reduce Grid Frequency Fluctuations

The Central Electricity Regulatory Commission has issued regulations to limit frequency fluctuations within the operating band in the interest of grid security. The...

April 11, 2023

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Mercom Staff

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Daily Wrap-up
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Renewable Lender IREDA Approved 37% More Loans in FY 2022-23

The Indian Renewable Energy Development Agency (IREDA) has approved ₹327.6 billion (~$4 billion) worth of loans as on March 27, up 37% year-over-year (YoY), which...

March 29, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Government Seeks Comments on Draft Carbon Credit Trading Program

The Union Government has invited comments from the stakeholder on the draft Carbon Credit Trading Program, a part of the Energy Conservation (Amendment) Bill, 2022,...

March 28, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Month in a Minute: Top Headlines from Indian Renewable Sector in February 2023

Here is a recap of important headlines from February 2023: India added 13 GW of solar capacity in the calendar year (CY) 2022, a 27% increase year-over-year (YoY),...

March 6, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Mahindra to Invest ₹100 Billion to Produce EVs in Maharashtra

Mahindra and Mahindra said that the Maharashtra government has approved its plan to invest ₹100 billion (~$1.2 billion) for an electric vehicle (EV) manufacturing...

December 15, 2022

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Gourav Mishra

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Other

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Renewable Energy
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UK’s Energy Storage Sector Gets £32 Million to Develop Innovative Technologies

The UK government has announced £32.9 million (~$39.4 million) funding for projects in the country that are developing innovative energy-storage system (ESS)...

November 30, 2022

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Gourav Mishra

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Other

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Renewable Energy
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Ireland’s Electricity Package Will Help Households Save €75 on Power Bills Annually

The Government of Ireland announced a package with measures to mitigate the hike in electricity bills while ensuring a secure power supply to households and businesses...

June 18, 2022

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Gourav Mishra

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Grid

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Market & Policy
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Tender Reissued for Rooftop Solar Systems on Government Buildings in Belagavi

Belagavi Smart City Limited (BSCL) has reissued the tender for the selection of a developer to install rooftop solar systems on a ‘discount over retail...

January 5, 2021

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Rakesh Ranjan

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Solar

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Tenders & Auctions
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Is Production Linked Incentive the Solution to Boost Domestic Solar Manufacturing?

The lack of financial and policy incentives to the domestic solar component manufacturing ecosystem is one of the primary factors holding back its growth, according to...

November 25, 2020

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Nithin Thomas

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Manufacturing

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Solar

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