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Petrol and diesel sales increased in September by 7.2% and 4.9% year-on-year, respectively. The rise in petrol consumption was supported by higher vehicle sales during the month. Meanwhile, diesel demand was boosted due to below-normal monsoon rainfall and increased economic activity. Aviation turbine fuel sales experienced flat growth, indicating subdued air traffic. LPG consumption fell by 9% as disruptions from the war impacted supplies. View More

New Delhi: Petrol and diesel sales rose 7.2% and 4.9%, respectively, year-on-year in September, while aviation turbine fuel (ATF) sales were flat and LPG sales fell 9%, according to oil ministry data. Higher vehicle sales supported petrol consumption, while below-normal monsoon rainfall boosted diesel use for irrigation. Increased economic activity also contributed to higher diesel demand for mobility. Flat ATF sales point to subdued growth in air traffic. LPG consumption, predominantly used for cooking in India, fell in September, extending a decline that began after the war disrupted supplies. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

India’s power consumption rose 11.3% year-on-year to 162 billion units in September, driven by cooling and irrigation demand amid a deficit monsoon. Peak power demand met touched a record 269 GW. NTPC generation rose 12.5%, while Coal India increased production 9.2% and total fuel supplies 12.5%. View More

New Delhi: India's power consumption in September rose 11.3% year-on-year to 162 billion units, led by cooling and irrigation demand amid deficit monsoon. It also recorded the month's highest-ever peak power demand met at 269 GW. The country's largest power generator NTPC Ltd generated 38.8 billion units in the month, up 12.5% on year. Total fuel supply by Coal India Ltd rose by 12.5% to 61.20 million tonnes in the month. Coal supply to the power sector grew 10.6% year-on-year to 48.90 million tonnes while those for the non-regulated sector grew 19.41%. During the month, Coal India's coal production grew 9.2% to 53.50 million tonnes compared with 49 million tonnes last year. With the monsoon season over, coal production is expected to further pick up, along with supplies, the company said in a statement. Coal India has been assigned a production target of 815 million tonnes and a supply target of 850 million tonnes for the current fiscal. Coal stocks at power plants saw a sharp depletion as rains in coal-bearing regions affected transportation of the dry fuel. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

The Securities and Exchange Board of India has temporarily suspended the draft offer documents for Inox Clean Energy's upcoming initial public offering. The company aims to raise a substantial Rs 10,000 crore, including new equity shares and a sell-off from its promoters. With operations in renewable energy and solar manufacturing across India and Africa, this IPO is set to bolster its position in the expanding green energy market. View More

Markets regulator Sebi has kept in 'abeyance' the draft offer documents of Inox Clean Energy Ltd, which is looking to raise up to Rs 10,000 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 8,000 crore and an offer-for-sale (OFS) of shares, amounting to Rs 2,000 crore by promoter Devansh Jain, according to the draft red herring prospectus (DRHP). The status of the issue was updated by the Securities and Exchange Board of India (Sebi) on Thursday under the list of IPOs whose observations have been kept in abeyance. The company had filed its draft papers with the regulator on September 29. Without specifying reasons, the regulator stated that the "issuance of observations (has been) kept in abeyance", according to an update on its website. Live Events The proposed issue could rank among the largest IPOs in India's private-sector renewable energy space. Inox Clean Energy, part of the INOXGFL Group, proposes to use the proceeds from the fresh issue primarily for repayment or prepayment, in full or in part, of certain outstanding borrowings of the company and its subsidiaries, besides general corporate purposes. The company operates an integrated renewable energy platform with two principal businesses - renewable power generation and solar manufacturing. As of August 31, 2026, its renewable independent power producer (IPP) portfolio stood at 9.29 GW across India and Africa. This included 2.37 GW of operational capacity, with around 0.80 GW under construction, 2.99 GW of pipeline capacity and 3.13 GW of future capacity, according to the DRHP. Its solar manufacturing business has an operational solar module manufacturing capacity of 6 GW across India and the US, while solar cell manufacturing capacity is under construction in India and the US. After the IPO, Inox Clean Energy will compete with a growing number of listed renewable energy companies, including Adani Green Energy , NTPC Green Energy , ACME Solar Holdings , Waaree Energies , Premier Energies , Clean Max Enviro Energy Solutions and JSW Energy . The company is part of the broader INOXGFL Group, which has interests in chemicals and renewable energy. The group has three listed entities - Gujarat Fluorochemicals Ltd , Inox Wind Ltd and Inox Green Energy Services Ltd . The group has integrated capabilities spanning solar module manufacturing, wind power generation, engineering, procurement and construction (EPC) and renewable energy operations and maintenance. Nuvama Wealth Management , CLSA India, Emirates NBD Capital India, HSBC Securities and Capital Markets (India), ICICI Securities, IIFL Capital Services , JM Financial , Motilal Oswal Investment Advisors and UBS Securities India are the book-running lead managers to the issue. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

India’s IPO pipeline expands as Sebi clears papers for Carlsberg India, Matangi Rubber, Ujin Pharma and TMC Transformer. The approvals come amid strong primary-market activity, with over 50 companies filing draft IPO papers in September despite volatility in broader equity markets. View More

Sebi has cleared IPO papers of four companies, including Carlsberg India, Matangi Rubber, Ujin Pharma and TMC Transformer, adding to a busy pipeline at a time when India’s primary market is seeing strong activity despite volatility in secondary markets. The capital markets regulator issued observations on the draft papers of these companies, according to the latest update. In Sebi parlance, issuance of observations means the companies can move ahead with their public issues, subject to market conditions and other approvals. Carlsberg India IPO Carlsberg India is the biggest name among the four. The Indian arm of Danish brewer Carlsberg filed its IPO papers through Sebi’s confidential pre-filing route in July. Reports had said the company could raise up to $700 million, or about Rs 6,600-6,700 crore, through the issue. Since the filing was made confidentially, details such as offer size, valuation, price band and share allocation have not yet been made public. Carlsberg India’s proposed listing is significant because it would bring one of the country’s leading beer makers to the market at a time when investor interest in consumption-led businesses remains strong. The company is among the large beer players in India and competes in a market driven by premiumisation, urban demand and rising disposable incomes. Live Events Matangi Rubber IPO Matangi Rubber’s proposed IPO comprises a fresh issue of 57.61 lakh shares and an offer for sale of 15.15 lakh shares by existing shareholders. The Delhi-based company manufactures tyres, tyre flaps, tubes and other rubber products. It plans to use IPO proceeds for expansion and debt repayment. The company had filed its draft papers in May 2026. Ujin Pharma IPO Ujin Pharma’s public issue will include a fresh issue of 1.18 crore shares and an offer for sale of 72.82 lakh shares by promoters Jinesh Rasiklal Sheth and Umang Ketan Mehta. The Mumbai-based company supplies chemical products and plans to use Rs 61.7 crore and Rs 21.6 crore from the fresh issue proceeds to invest in associate companies Altra Agro-Chem and Altra Pharma-Chem, respectively, by subscribing to equity shares and making them subsidiaries. TMC Transformer IPO TMC Transformer has received clearance for a Rs 550 crore IPO, which will be entirely a fresh issue of shares. The company operates in the power infrastructure space and manufactures power and distribution transformers. It had filed its draft papers with Sebi in July. Anand Rathi Advisors and Intensive Fiscal Services are the book-running lead managers, while MUFG Intime India is the registrar. The approvals come when India’s IPO market is moving through one of its strongest phases. More than 50 companies filed draft IPO papers in September alone, making it the busiest month in a year for such submissions. Strong listing gains and steady domestic liquidity have kept companies interested in tapping the market, even though benchmark indices have seen pressure from foreign selling, high US bond yields and crude oil concerns. Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

Akhilesh Pathak has taken charge as Director (Projects) of Power Grid Corporation of India. He graduated in electrical and electronics engineering and joined POWERGRID in 1993 as an Executive Trainee. With over 32 years of experience, Pathak has worked extensively in project management and execution within the power sector. He has been critical in achieving significant capital expenditure utilization during his tenure in various leadership roles. View More

New Delhi: State-owned Power Grid Corporation of India on Thursday said that Akhilesh Pathak has assumed charge as its Director (Projects) with effect from September 30. An electrical & electronics engineering graduate, Pathak joined POWERGRID as an Executive Trainee in its first batch in 1993, a company statement said. He has also completed the Harvard ManageMentor Programme conducted by Harvard Business School. Also read: India power shortfall hits three-year peak despite higher coal burn With over 32 years of rich work experience in the power sector, Pathak has extensive experience in transmission system planning, project execution, project management, business development and strategic infrastructure development. Live Events He has held several key leadership positions in POWERGRID and has vast experience in development, execution, monitoring and commissioning of EHV transmission lines and substations. During his tenure in POWERGRID's Project Management Department , Pathak played a key role in achieving the highest-ever capex utilisation of the Corporation and one of the highest asset capitalisation and transmission line additions. He was also instrumental in the resolution of critical project implementation issues through effective stakeholder coordination and strategic project monitoring. Pathak led the Arun-3 SAPDC Transmission Project in Nepal, overcoming cross-border, regulatory and geographical challenges. He has also contributed significantly to POWERGRID's business development function through expansion of consultancy services in domestic and international markets, supporting revenue growth initiatives. Prior to his appointment as Director (Projects), Pathak served as Executive Director (Project Management) in POWERGRID. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

NTPC has achieved a significant 13 percent year-on-year growth in power generation for the July-September quarter. The power generation increased to 117.9 billion units, up from 104.4 billion units last year. Additionally, coal dispatch rose by 28.45 percent compared to the same period last year. The company's power trading volume also saw a 22 percent increase during this period. View More

New Delhi: NTPC has reported about 13 per cent year-on-year growth in power generation to 117.9 billion units (BUs) in July-September from 104.4 BUs in the year-ago quarter. "NTPC recorded robust growth across generation, coal dispatch and power trading, reflecting sustained operational efficiency," the company said in a statement on Thursday. Coal dispatch during Q2 FY 2026-27 stood at 11.899 million metric Tonnes (MMT), compared to 9.260 MMT in Q2 FY 2025-26, marking a significant year-on-year growth of 28.45 per cent, NTPC said. Its power trading volume also rose 22 per cent to 15.06 BU in Q2 FY2026-27 from 12.34 BU in Q2 FY26. Live Events Under the Ministry of Power, NTPC is India's largest power generation company, catering to the country's one-fourth energy demand alone. NTPC has an installed capacity of over 91 GW, with another 35 per cent GW under construction. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

NTPC has reported about 13 per cent year-on-year growth in power generation to 117.9 billion units (BUs) in July-September from 104.4 BUs in the year-ago quarter. "NTPC recorded robust growth across generation, coal dispatch and power trading, reflecting sustained operational efficiency," the company said in a statement on Thursday. Coal dispatch during Q2 FY 2026-27 stood at 11.899 million metric Tonnes (MMT), compared to 9.260 MMT in Q2 FY 2025-26, marking a significant year-on-year growth of 28.45 per cent, NTPC said. Its power trading volume also rose 22 per cent to 15.06 BU in Q2 FY2026-27 from 12.34 BU in Q2 FY26. Under the Ministry of Power, NTPC is India's largest power generation company, catering to the country's one-fourth energy demand alone. NTPC has an installed capacity of over 91 GW, with another 35 per cent GW under construction. View More

Its power trading volume also rose 22% to 15.06 BU in Q2 FY2026-27 from 12.34 BU in Q2 FY26 View More

V Anantha Nageswaran said Indians are increasingly willing to take market risk, but have yet to commit savings for longer tenures needed to finance retirement View More

From October 1, the price of a 19-kg commercial LPG cylinder in Delhi increased to Rs 2,810. This rise of Rs 62.50 marks a 2.3 percent increase just before the festival season. Meanwhile, the cost of domestic LPG used in households remains unchanged at Rs 942 for a 14.2-kg cylinder. The government recently reduced windfall taxes on diesel and aviation turbine fuel exports, effective October 1. View More

Commercial LPG has become costlier again from October 1, with the price of a 19-kg cylinder in Delhi rising by Rs 62.50 to Rs 2,810, just ahead of the festival season. The new rate is up from Rs 2,747.50, an increase of about 2.3 per cent, according to state-owned oil companies. The price of domestic LPG used in household kitchens remains unchanged at Rs 942 per 14.2-kg cylinder in Delhi. Households are not affected by the latest revision. Aviation turbine fuel (ATF) prices were also raised by a steep Rs 16 per litre from October 1, according to the oil companies. Also read: Centre cuts windfall tax on diesel, ATF exports from October 1 ATF now costs Rs 137 per litre, up from Rs 121 for domestic airlines. The latest revision comes after a hike of Rs 6.28 per litre, or 5.46 per cent, in September, which followed a Rs 5 per litre increase in August. ATF accounts for up to 40 per cent of operating costs for airlines, making fuel prices a key cost factor for carriers. Live Events Earlier, the Centre cut the windfall tax on exports of diesel and ATF, according to a notification issued by the Finance Ministry on Wednesday. The Special Additional Excise Duty (SAED) on diesel exports was reduced to Rs 16 per litre from Rs 20 per litre. The levy on ATF exports was cut to Rs 10.50 per litre from Rs 15 per litre. The revised rates are effective from October 1 and apply for the next fortnight. The windfall tax on petrol exports remains unchanged at Rs 0.50 per litre. The government had last revised the export levies on September 16. At that time, the diesel duty was reduced to Rs 20 per litre from Rs 25 per litre, and the ATF levy to Rs 15 per litre from Rs 19 per litre. The export duties are reviewed every fortnight based on international crude oil and petroleum product prices. There is no change in the existing excise duty rates on petrol and diesel cleared for domestic consumption. The latest revision applies to exports and does not directly alter the excise duty on fuel sold in India. The increase in commercial LPG follows a Rs 9.50 per cylinder hike in September, which came after two consecutive monthly reductions of Rs 183.50 in July and Rs 192 in August. The cuts followed a surge to a record high in June amid disruptions to global energy supplies and elevated international prices. Commercial LPG prices had risen by Rs 1,373 per 19-kg cylinder between February and June, from Rs 1,740.50 to Rs 3,113.50. At Rs 2,810, the price is still over 60 per cent higher than the February level. Domestic cooking gas rates were increased by Rs 89 per cylinder between March and June after the West Asia crisis led to supply disruptions and a surge in international energy prices. Petrol and diesel prices, which were hiked by about Rs 7.50 a litre each in May, also remained unchanged. ATF and commercial LPG prices are revised on the first day of every month based on movements in international benchmark prices and the rupee-dollar exchange rate. Rates can vary across states because of local taxes such as VAT. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)