FOSSIL FUEL
Torrent Power shares in focus after bagging 300 MW wind project from SECI
Torrent Power shares will be in focus after its subsidiary, Torrent Green Energy, secured a 300 MW wind power project from SECI under Wind Tranche-XVIII. With a tariff of Rs 3.97/unit and Rs 2,650 crore investment, the project is set for commissioning within 24 months. This brings Torrent’s total renewable capacity under development to 3.3 GWp.
Off the road, there's a Rs 52,000-crore pileup while car sales hit the brakes
Indian car dealerships face a record unsold inventory of Rs 51,000-52,000 crore due to manufacturers pushing vehicles despite sluggish retail demand. While inventory volume is slightly below last year's peak, its value is at an all-time high. Dealers are concerned about rising working capital stress as retail sales lag behind wholesale dispatches, with cars stuck in yards for extended periods.
Oklo stock soars 10% after securing U.S. Air Force deal to deliver clean energy to Alaska’s Eielson Base
Oklo's stock surged 10% today after the company received a Notice of Intent to Award (NOITA) from the U.S. Defense Logistics Agency Energy, on behalf of the Air Force, to supply clean nuclear energy to Eielson Air Force Base in Alaska. This potential deal marks a big moment for Oklo and the growing push for small modular reactors in remote areas. If finalized, it could change how the military powers its bases. Investors quickly reacted to the news, pushing shares up sharply. With licensing still ahead, the project could set a key example for future clean energy deployments across the country.
India's natural gas consumption to more than double by 2040: PNGRB study
A PNGRB study forecasts India's natural gas consumption to surge by 60% by 2030 and double by 2040, driven by increased CNG use in vehicles, cooking, and industrial applications. City gas distribution will be a key demand driver, potentially surpassing fertilizer as the largest consumer by 2030. LNG imports are projected to more than double to meet the rising demand.
Cost of green hydrogen in India set to fall by up to 40%: Report
India's green hydrogen costs are projected to decrease by up to 40% due to government support and incentives, potentially reaching Rs 260-310 per kg. The nation's Green Hydrogen Mission, launched in January 2023 with a Rs 19,744 crore outlay, aims for 5 million tonnes of annual production by 2030.
Can solar power spark a shift away from coal in India?
India's solar power surge in early 2025 led to a rare decline in fossil fuel power production, potentially setting the stage for reduced annual coal consumption. A record 32.4% jump in solar generation helped utilities meet demand while cutting natural gas output. With expectations of above-average monsoon rains boosting hydropower, further coal use reductions are anticipated.
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Petrol’s popularity runs out of gas in FY25 as CNG's market share more than triples in 5 years
Car buyers in India are increasingly choosing compressed natural gas (CNG) vehicles due to high fuel prices and more options in a slow market. The share of CNG models in passenger vehicle sales rose from 6.3% in 2019-20 to 19.5% last fiscal, overtaking diesel cars. Petrol cars’ share dropped from 76.3% to 57.7%, while diesel sales stayed stable at around 17-19%.
Auto companies 'in full panic' over rare-earths bottleneck
Global automakers are alarmed by China's rare-earth export restrictions, fearing a new supply chain crisis. With limited alternative magnet sources, companies are stockpiling and seeking workarounds to avoid factory shutdowns. The industry's reliance on China for critical raw materials raises concerns about future leverage and potential disruptions.
Tata Motors to invest up to Rs 35,000 crore in passenger vehicle business in 5 years
Tata Motors plans to invest ₹33,000-35,000 crore in its passenger vehicle business, including EVs, over the next five years, aiming to launch 30 models by the decade's end. The company targets a 16% PV market share by FY27, increasing to 18-20% by FY30, with EVs comprising a significant portion of sales.
DEE Development Engineers plans to diversify into hydrogen production
DEE Development Engineers Limited plans to expand into hydrogen production. The company acquired a stake in Maldives Design Limited. This acquisition will help in hydrogen purification and ammonia cracking. The company aims for technology tie-ups for complete hydrogen plant manufacturing. The government's focus on green hydrogen presents significant business opportunities.
China rare earth curbs choke India automakers, add to tensions
Indian automakers are facing challenges in importing rare earth magnets from China, leading to potential production disruptions. China has reportedly rejected India-bound shipments while approving those to other countries.
You’re the centerpiece in a phenomenon not seen in 30 million years
Earth's atmosphere has surpassed 430 ppm of carbon dioxide in May 2025, a record high in millions of years, primarily due to human activities like burning fossil fuels. This alarming milestone drives extreme weather events and temperature increases. Scientists emphasize the urgent need to curb emissions to mitigate severe climate impacts and limit global warming as per the Paris Agreement.
$244 billion a year: The cost of Canadian wildfire crossing borders across US?
A recent study reveals that wildfire smoke poses a significant threat to American health and economy, surpassing many other climate change effects. Increased wildfires, intensified by global warming, have expanded smoke exposure across the US, reversing air quality improvements. The economic impact, including increased deaths and healthcare costs, could reach trillions of dollars.
Green Investing: How Indian investors can drive real change on World Environment Day
Sustainability is no longer just a corporate or policy trend in India. From choosing electric vehicles and reusable products to supporting responsible brands, individuals today, especially the younger generation, are aligning daily decisions with environmental impact.
India coal power output drops 9.5% in May at fastest pace in five years
India's coal-fired electricity generation experienced a significant 9.5% drop in May, marking the fastest decline in five years, driven by decreased power demand and a surge in renewable energy output to a record high. Consequently, natural gas-fired power generation also plummeted, while the share of coal in the power mix reached its lowest level since June 2022.
Clean energy investment rising despite economic uncertainty: IEA
Global investment in clean energy technologies is projected to reach a record high this year, surpassing fossil fuel investments, which are expected to decline. This surge is driven by energy security concerns and rising electricity demand, including from AI and data centers.
IMEC a catalyst towards vision of Viksit Bharat: Dammu Ravi
The India-Middle East-Europe Economic Corridor aims to connect India and Europe. It involves railways, ports, and digital infrastructure. Experts discussed its potential at a conference organized by Chintan Research Foundation. The project promises trade benefits and reduced emissions. It also supports India's green energy goals. IMEC is seen as a geopolitical and economic tool.
Tata Motors to give EV portfolio a premium edge with Harrier.ev, Sierra.ev
Tata Motors is expanding into the premium electric SUV market with the Harrier.ev, targeting affluent buyers and aiming to boost margins. While competitively pricing its EVs and focusing on cost reduction, the company is also working to revive fleet sales by offering value propositions comparable to CNG vehicles.
Myntra End of Reason Sale: Grab the Lowest Prices on Levi’s, Puma, Libas, M.A.C and more
The Myntra End of Reason Sale is here, bringing massive discounts on some of the biggest and most loved brands in fashion and beauty. From clothing and shoes to bags and beauty, this is your one-stop-shop to revamp your wardrobe without breaking the bank. Plus, we’ve uncovered the best coupons and discount codes to help you save even more during the Myntra Sale. Read on to explore the offers, top picks, and shopping tips for the biggest sale of the year!
Meta's nuclear deal signals AI's growing energy needs
Meta's 20-year deal with Constellation Energy follows similar maneuvers from Amazon, Google and Microsoft, but it will take years before nuclear energy can meet the tech industry's insatiable demand for new sources of electricity.
Diversify critical mineral supply chain or face disruption, warns IEA
The International Energy Agency (IEA) warned that the global reliance on a few countries, mainly China, for mining and processing critical minerals could disrupt supply and raise prices. IEA chief Fatih Birol urged countries to diversify sources and advised India to incentivise electric vehicles to cut oil imports. He praised India’s shift towards clean energy as a global success story.
Top Trump officials visit prolific Alaska oil field amid push to expand drilling
The Trump administration is pushing to double oil production in Alaska and construct a natural gas project, aiming to boost energy supplies and strengthen the economy. U.S. Energy Secretary Chris Wright, along with other cabinet members, visited Prudhoe Bay to promote expanded drilling, mining, and logging.
Small hydro projects may get up to 30% aid on project cost
The government plans to boost small hydro power projects. Developers may receive up to 30% of project costs as assistance. This initiative aims to double the installed capacity to 10 GW in a decade. Small hydro projects offer benefits like lower environmental impact and local job creation.
Key climate target of airline decarbonisation 'in peril': IATA
IATA warns that the airline industry's 2050 decarbonisation target faces challenges. Policies favouring fossil fuels are slowing progress. Sustainable Aviation Fuel is crucial but expensive. Investment of $4.7 trillion is needed.
Indian Oil bets big on clean energy with 10,000-tonne Panipat plant
Indian Oil has finalized the cost for its green hydrogen plant in Panipat. This is India's largest such unit. The plant will produce 10,000 tonnes of green hydrogen annually. It will replace fossil-fuel-based hydrogen. The commissioning is expected by December 2027. This project aligns with India's green hydrogen mission. It will help IndianOil meet its Net Zero targets.
India, a major user of coal power, is making large gains in clean energy adoption. Here is how
India, a major carbon emitter, is aggressively expanding its clean energy sector, with solar power becoming increasingly cost-effective. While coal still dominates electricity generation, renewable energy capacity is rapidly growing, driven by government policies and private investments. Challenges remain in optimizing renewable energy use and building necessary infrastructure to meet the nation's soaring energy demands and climate goals.
Silicon Valley VCs navigate uncertain AI future
The stakes have grown so high that even major venture capital firms -- the same ones that helped birth the internet revolution -- can no longer compete. Mostly, only the deepest pockets remain in the game: big tech companies, Japan's SoftBank, and Middle Eastern investment funds betting big on a post-fossil fuel future.
EV makers Tata, Mahindra seek to block hybrids in govt fleets, documents show
India's leading automakers are actively opposing a pollution management body's proposal to include hybrid vehicles in government fleets near New Delhi. They fear this move will hinder the adoption of battery-electric cars, disrupt investments in EV technology, and create policy uncertainty.
China sends direct message to Donald Trump as Beijing rolls out red carpet for American financial institutions
China also approached the United Arab Emirates for a possible bilateral free trade deal, UAE's trade minister Thani Al Zeyoudi said
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