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This would be the second year when the company has procured from commercial mines. In FY25, it had procured around 4 mt. India's largest power generator is expected a coal requirement of around 300 mt in FY27, up 11% from FY26. Most of the company's supply comes from fuel supply agreements with state-run miners. View More
New Delhi: NTPC Ltd plans to procure around 10 million tonnes from commercial mines in the next six months ending March amid depleting coal stocks at power plants, a person in the know said. This is beyond its plan to raise production from its own blocks to diversify procurement amid high demand, the person said. From the next fiscal, the company plans to buy around 10-15 mt coal annually from commercial mines, while targeting around 50 mt from its own mines. This would be the second year when the company has procured from commercial mines. In FY25, it had procured around 4 mt. India's largest power generator is expected a coal requirement of around 300 mt in FY27, up 11% from FY26. Most of the company's supply comes from fuel supply agreements with state-run miners. Also read | Indian Bureau of Mines invites applications to set up mineral exchange India's power consumption has risen sharply as cooling and irrigation demand remained elevated in the first half of the financial year. The high power demand, especially in the non-solar hours, has led to more generation from thermal power plants. Live Events Overall coal stock at thermal power plants were at 20.6 mt against the opening stock of around 55 mt at the beginning of the fiscal. July started with 44 mt after a sharp summer. The depletion of the stock between July and September was despite higher year-on-year supply of coal. In comparison, power demand was much lower in the corresponding period last year. Also read | Hindalco drops plan to buy US' AluChem over extended delays In September, power consumption rose 11.35% year-on-year to 162 billion units, while peak demand reached over 269 GW, unusually high for the month. Monsoon is seasonally a lower production and dispatch month for coal. According to government officials, coal supplies are likely to increase further in the coming weeks. .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 state-run power generator is tapping commercial miners to meet a projected 300 MT coal requirement in FY27 as rising heat fuels electricity demand. View More
This is the second time the Maharatna company will purchase coal stocks from commercial miners View More
Power discoms in New Delhi have initiated a 'Tatkal' service for temporary electricity connections during the festive season. This service aims to assist event organizers, including those for Durga Puja, Ramlilas, and weddings. Consumers can apply for these connections online through various platforms provided by the discoms. Arrangements have been made to ensure connections are delivered within 24 hours, subject to certain conditions. View More
New Delhi, Power discoms in the national capital have launched a 'Tatkal' service for temporary power connections within 24 hours for the festival season, aimed at helping organisers of Durga Puja , Ramlilas, Diwali melas and other events, including weddings. BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) are gearing up to power the city's festivities. The applicants can use websites, mobile apps and customer care of the discoms to apply for the temporary connections. The applicants can also make online payments for these temporary connections, said a BSES spokesperson. Through its 'Tatkal' temporary electricity connection service, BSES is facilitating same-day electricity connections for Durga Puja celebrations, Ramlilas, Diwali melas, weddings and other events, he said. Subject to completion of the prescribed formalities and technical feasibility, consumers can obtain a temporary electricity connection within 24 hours, he said. Live Events RECOMMENDEDSTORIES FOR YOUGoogle enters massive 3.6-GW power deal with Constellation EnergyElectricity, cash and crises: what's on the COP31 agenda? The consumers can apply for a 'Tatkal' temporary electricity connection through multiple convenient channels including BSES website, mobile apps, WhatsApp numbers, customer care centres, Digi Seva Kendra call centres, he added. Applications can also be made through the Delhi government's single window system at the district magistrate's office. Tata Power Delhi Distribution Limited (TPDDL) has made all arrangements to offer 'Tatkal' electricity connections to organisers of Ramlila, Durga Puja and other festivals within 24 hours, said a company spokesperson. Organisers looking to obtain a 'Tatkal' temporary electricity connection from the discom simply need to visit the nearest TPDDL customer care centre or use its websites to apply and make payments for the temporary connection online, she said. .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)
Jindal Stainless and Indian Oil have renewed their lubricant supply partnership for another five years, extending their vendor-managed inventory arrangement at the Hisar unit. The companies said the renewed agreement will support equipment reliability, operational efficiency and energy supplies while opening scope for deeper technical cooperation. View More
New Delhi: Jindal Stainless and Indian Oil Corporation Limited (IOCL) have renewed their lubricants partnership for another five years, with the companies looking to deepen technical cooperation and strengthen energy and lubrication supply support for manufacturing operations, as per a press release. The renewed agreement extends the Lubricants Vendor Managed Inventory (VMI) partnership between the two companies and comes as they seek to support equipment reliability, operational efficiency and manufacturing continuity. The agreement was signed at Jindal Stainless' Hisar unit. Jindal Stainless Managing Director Abhyuday Jindal said the five-year renewal would provide an opportunity to expand the relationship and explore new areas of technical cooperation. "Our long-standing association with Indian Oil reflects the value of sustained collaboration between two organisations with a shared focus on quality, reliability and technical excellence. The renewal of this arrangement for another five years reinforces this relationship and provides an opportunity to deepen our engagement further," Jindal said. Indian Oil Executive Director, Northern Region and State Head, DSO, Hemant Rathore said the renewal of the Consumer's Operated Lube Depot (COLD) agreement marked an important milestone in the relationship between the two companies. Live Events "The renewal of the Consumer's Operated Lube Depot's (COLD) agreement for another 5 years marks an important milestone in this enduring partnership. In addition to lubricants, Indian Oil also caters to Jindal Stainless' energy requirements through supplies of LDO, HSD, LSHS and Propane," Rathore said. The companies said the extended arrangement would support their broader engagement in lubricants and energy supplies as industrial operations increasingly focus on equipment reliability, efficiency and performance. Jindal said the partnership would also provide scope to explore new technical cooperation "as industry needs evolve", indicating that the renewed arrangement is intended to continue beyond supply requirements and support the companies' longer-term operational needs. .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)
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. View More
Larsen & Toubro’s Power Transmission & Distribution (PT&D) business has secured multiple engineering, procurement and construction (EPC) orders worth ₹10,000-15,000 crore in India and overseas to strengthen power transmission infrastructure and facilitate renewable energy evacuation, the company said in an exchange filing on Monday. In Saudi Arabia, PT&D has won orders in the 380 kV transmission and substation segments. The projects will support transmission capacity augmentation and renewable energy evacuation, thereby strengthening Saudi Arabia’s power transmission network and facilitating integration of renewable energy into the grid, as per the company’s exchange filing. In the United Arab Emirates, the business has won an order for constructing 132/11 kV substations and associated cabling works. In the domestic market in India, it has secured an order from a leading private sector developer for setting up a transmission system – comprising transmission lines and substations – in Visakhapatnam. “These order wins demonstrate the breadth of PT&D’s engineering and execution capabilities and the ability to deliver complex power infrastructure solutions across geographies. With the growing demand for grid strengthening, renewable energy integration and associated infrastructure, we are leveraging our technology, project execution expertise and global presence to deliver value for our esteemed clients,” Joji Sebastian, Executive Vice President & Head – PT&D, L&T, said. Live Events Larsen & Toubro shares were trading at ₹3,733.40 on the NSE at 9:42 am on October 5. .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)
CEA Nageswaran urged Indians to prioritise long-term savings over short-term trading, highlighting the importance of pension assets for financial security. He noted pension assets are only 17% of GDP, significantly lower than OECD peers, indicating room for growth. View More
Stock market outlook: Sumeet Bagadia believes the Indian stock market bias has further weakened, as the Nifty 50 index is approaching its near-term support at 22,200 View More
Tesla's core autos business is under pressure as Chinese and European carmakers roll out affordable and innovative EVs. View More
In this articleTSLAFollow your favorite stocksCREATE FREE ACCOUNT watch nowVIDEO2:4802:48Tesla reports 486,532 vehicle deliveries for third quarter, topping expectationsSquawk on the StreetTesla shares climbed 5% on Friday after the electric vehicle maker reported deliveries for the third quarter that topped analysts' estimates. Here are the key numbers: Total Q3 vehicle deliveries: 486,532Total Q3 vehicle production: 464,391Deliveries fell about 2% from 497,099 a year earlier, but climbed from the second quarter, when Tesla recorded 480,126 deliveries. Analysts were expecting around 461,100 deliveries, according to StreetAccount's consensus. Tesla's company-compiled consensus, published Tuesday, was for 461,974 deliveries.Tesla doesn't break out exact delivery numbers by individual model or region, but the company said its entry-level Model 3 sedan and most popular Model Y SUVs accounted for a vast majority, or 98%, of its deliveries.Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in its shareholder communications.Elon Musk's automaker is under pressure due to surging competition from Chinese EV makers, such as BYD and Xiaomi, which sell more affordable and innovative EVs. Tesla is trying to recover from consecutive annual declines in vehicle sales that were partly caused by a consumer backlash against Musk, the world's wealthiest person, and by the loss of a U.S. federal tax credit. The Inflation Reduction Act, signed in 2022 by President Joe Biden, had made the EV tax break available through 2032. President Donald Trump's spending bill curtailed it ahead of schedule, ending the tax break after Sept. 30, 2025.Read more CNBC tech newsGoogle unveils latest AI model, but Wall Street wants a breakout personal agentFormer LinkedIn chief Roslansky to leave Microsoft, following other exec departuresSpaceX launches Google AI chips into orbit in push toward space-based data centersTrump's AI lunch included every major tech company. Except AppleTesla's stock was down 21% this year as of Tuesday's close, underperforming all of its megacap tech peers.Morgan Stanley analysts, who recommend holding the stock, said in a note after the report that Tesla may be "exiting the EV winter." RBC analysts, who have an outperform rating, called the deliveries figure "impressive" in a note out Friday. They wrote that, "rising fuel costs related to the Iran conflict and regulatory pressure could accelerate EV demand" in Europe, potentially benefitting Tesla and its Chinese competitors this year. The firm also sees Tesla's energy business "well-positioned to capitalize" on "AI-driven electricity demand growth." Tesla also said Friday that it deployed 13.7 GWh of energy storage products, including its Megapack and Megablock systems, during the quarter. A year ago Tesla deployed 12.5 GWh of such products, and last quarter that figure was 13.5 GWh. Tesla does not clearly define "deployment" of its energy storage systems in shareholder communications.Megapacks are used for business and utility-scale developments, and Tesla's newer Megablocks are a combination of four Megapacks around one transformer. The systems use lithium-ion or other battery cells to help data centers and utilities avoid blackouts, allowing for energy storage from sources such as solar and wind.Musk's SpaceX is a large buyer of Tesla's backup batteries and also spent $131 million on Cybertruck pickups in 2025.While Tesla is experiencing declines in deliveries from a year ago, EV demand is up across the globe this year, according to a 2026 Global EV Outlook by the International Energy Agency. The IEA pointed to the Iran conflict and soaring gas prices as catalysts that "reinforced the case for EVs as a way to address energy security and fuel cost concerns."In 2020, EVs and hybrid electric models represented less than 5% of new car sales worldwide. That share reached 1 in 4 new cars sold in 2025, according to IEA.If Tesla reaches at least 311,448 in the fourth-quarter, it will exceed 1.64 million deliveries for the year and surpass the 2025 total. Tesla said it will report third-quarter earnings on Oct. 21 after the market close.WATCH: Tesla opens new semi factorywatch nowVIDEO3:0303:03Tesla opens new semi factory: What you need to knowSquawk on the Street Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Sebi has provided observations for the IPOs of Carlsberg India, Matangi Rubber, Ujin Pharma, and TMC Transformer. Carlsberg's filing is under wraps, with specifics to be announced later. Matangi Rubber intends to issue 57.61 lakh new shares, complemented by an offer for sale. Ujin Pharma is looking to offer 1.18 crore shares, and TMC Transformer targets a substantial Rs 550 crore IPO, consisting solely of new issues. View More
Carlsberg India, Matangi Rubber, Ujin Pharma and TMC Transformer have received the Securities and Exchange Board of India’s (Sebi) observations, allowing them to proceed with their initial public offering (IPO) plans, according to the updated on the regulator’s website. The Indian arm of Danish brewer Carlsberg filed its IPO papers through confidential route so details of the IPO are not yet disclosed. 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. The IPO of Mumbai-based Ujin Pharma supplies chemical products include a fresh issue of 1.18 crore shares and an offer for sale of 72.82 lakh shares. TMC Transformer proposes to launch 550 crore IPO, which will be entirely a fresh issue of shares. .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)