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A ceremonial cheque was handed over to Minister of Power Manohar Lal by company officials on February 25, NTPC said in a statement. View More
New Delhi: State-owned electricity generator NTPC on Friday said it has paid the power ministry Rs 2,666.58 crore in second interim dividend for FY26. A ceremonial cheque was handed over to Minister of Power Manohar Lal by company officials on February 25, NTPC said in a statement. " NTPC Ltd paid the second interim dividend of Rs 2,666.58 crore on 25th February 2026 for the financial year 2025-26, being 27.50 per cent of the paid-up equity share capital of the company," it said. This is the 33rd consecutive year that NTPC Ltd has paid a dividend. NTPC is India's largest power generation company, catering to the country's one-fourth of electricity demand . Live Events The company operates more than 87 GW of installed capacity, with another 32 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;} .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)
Russian forces have controlled the Zaporizhzhia nuclear power plant since early 2022, shortly after Moscow launched its full-scale invasion of Ukraine. View More
The Director General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi (not seen), visits Ukraine's Zaporizhzhya Nuclear Power Plant (ZNPP) in Russian-controlled Energodar, on March 29, 2023.Anadolu | Anadolu | Getty Images Russia and Ukraine agreed to a local ceasefire to allow for repairs of the backup power lines to the Zaporizhzhia nuclear plant, according to the United Nations' nuclear watchdog. The International Atomic Energy Agency, or IAEA, said in a short statement Friday that a truce had taken effect in southern Ukraine to enable the restoration of the 330-kilovolt supply line to Europe's largest nuclear power plant."Demining activities are ongoing to ensure safe access for the repair teams," IAEA Director General Rafael Mariano Grossi said on social media.The local ceasefire, which the IAEA said it had helped to secure, comes shortly after the fourth anniversary of Russia's full-scale invasion of Ukraine.Russian forces have controlled the Zaporizhzhia nuclear plant since the first few weeks of the invasion. Situated in the southeast of the country, the plant is Ukraine's largest and houses six of its 15 operational nuclear power reactors. It has recently been reliant on external power to sustain all essential nuclear safety functions. Both sides have accused each other of raising the risk of a catastrophic accident by staging attacks near to the plant.Russian nuclear power company Rosatom said Friday that IAEA specialists located at the power plant were monitoring repairs to the disconnected power line, according to state news outlet RIA Novosti.Ukraine's Foreign Ministry had not responded to CNBC's request for comment as this article went live. View of Zaporizhzhya Nuclear Power Plant from right bank of Dnipro river. At the moment the left bank of the Dnipro River is occupied by Russian forces including the nuclear plant.Pacific Press | Lightrocket | Getty Images Earlier this month, the IAEA warned the Zaporizhzhia nuclear plant was operating on its last remaining power line, reportedly as a result of military activity near the switchyard operated by the Zaporizhzhia thermal power plant.Analysts at the Institute for the Study of War think tank said Tuesday that the fifth year of Russia's war hadn't started well for President Vladimir Putin, noting Ukrainian forces have recently made the most significant gains on the battlefield since the country's incursion into Russia's Kursk Oblast in August 2024.
The relief applies to projects whose original scheduled commercial operations date (SCOD) fell between March 21, 2024 and December 19, 2025 View More
Chief Economic Advisor V. Anantha Nageswaran has expressed confidence of above 7% GDP growth potential of the economy. India is on path to become the world’s third largest economy by the end of this decade - third only to the US and China. View More
The National Company Law Tribunal (NCLT) has approved JSW Energy Ltd’s acquisition of Raigarh Champa Rail Infrastructure (RCRIPL) via the insolvency resolution process. The Sajjan Jindal-led company proposed a Rs 700 crore revival plan against admitted liabilities of Rs 543 crore, ensuring lenders a recovery of about 129%. View More
The bankruptcy court has recently approved Raigarh Champa Rail Infrastructure ’s acquisition by JSW Energy Ltd through the insolvency resolution process. Sajjan Jindal-owned JSW Energy has proposed a Rs 700 crore revival plan against the company’s admitted liabilities of about Rs 543 crore, resulting in a recovery of about 129% for the lenders. Before the National Company Law Tribunal’s nod, the company’s secured creditors had unanimously approved the revival plan for the company. “All crystallised liabilities and unclaimed liabilities of the corporate debtor (Raigarh Champa Rail Infrastructure) as on the date of this order shall stand extinguished on the approval of this resolution plan,” said the division bench of judicial member Rajeev Bhardwaj and technical member Sanjay Puri in its order. “Henceforth, no creditors of the erstwhile corporate debtor can claim anything other than the liabilities referred to in the resolution plan,” said the order of January 21, which was recently uploaded. Apart from JSW Energy, companies such as Adani Power Ltd , Vedanta Ltd , Jindal Power Ltd , Medha Servo Drives Pvt Ltd, Shanti GD Ispat & Power Pvt Ltd, and Sherisha Technologies Pvt Ltd also expressed interest in acquiring the distressed power company. Live Events Also, the NTPC-led consortium had requested permission to participate in the company’s corporate insolvency resolution process (CIRP) on an independent and standalone basis, which the COC did not approve. The public sector companies Power Finance Corporation (PFC) and REC Ltd (REC) were part of the NTPC consortium. In an application filed by Axis Bank , Raigarh Champa Rail Infrastructure was admitted under the CIRP on January 1, 2021. Subsequently, all the lenders had assigned their debt to JM Financial Asset Reconstruction Company (JMFARC). The tribunal, in its order, observed that JSW Group has a proven track record of acquiring strategic assets and turning them around in record time by closely integrating them into its existing operations, thereby creating synergies and optimising costs. In March last year, JSW Energy acquired KSK Mahanadi Power Company Ltd (KMPCL), a 3,600 MW thermal power plant in Chhattisgarh, for Rs 16,084 crore through the insolvency process. Following the KMPCL acquisition, JSW Energy held significant indirect ownership in Raigarh Champa Rail Infrastructure (RCRIPL), the sole provider of rail infrastructure for coal transportation services to KMPCL. In the past, the company had acquired Ind Bharat Energy (Utkal) Ltd for Rs 1,047 crores through the insolvency resolution process. The company had also acquired a majority shareholding in KSK Water Infrastructure (KWIPL). Currently, JSW Energy has a capacity of 13,008 MW. This includes power plants with a capacity of 5,658 MW, hydro power plants with a capacity of 1,631 MW, solar power projects with a capacity of 2,157 MW, and wind projects with a capacity of 3,562 MW. .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;} .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)
Nagpur based Western Coalfields Limited has made a significant discovery. Eight strategic minerals, including rare earth elements, have been found in six of its mines in Maharashtra. These findings hold immense potential for various industries. WCL is now exploring diversification into critical mineral mining. This move promises new revenue streams and strengthens India's position in the critical mineral ecosystem. View More
Nagpur, Western Coalfields Limited (WCL), headquartered in Nagpur, has achieved a major breakthrough in exploration of rare earth elements and critical minerals after it found eight significant strategic minerals in its six mines in Maharashtra, an official said on Friday. Talking to PTI, a senior official said the WCL found these minerals in its six Open Cast (OC) mines -- Adasa UG (underground) to OC (open cast), Makardhokra-III, Durgapur OC, Gauri-Pauni, Mungoli-Nirguda, and Yekona I & II -- recently. The analysis found economically significant concentrations of rare earth elements (REEs) and critical minerals of Potash (K), Tellurium (Te), Titanium (Ti), Lanthanum (La) and Cerium (Ce), Rhenium (Re), Selenium (Se) and Zirconium (Zr), he said. Potash (K) has strong potential for fertiliser and agro-chemical applications and Tellurium is essential for solar photovoltaic cells, semiconductors, and thermoelectric devices. Titanium has huge potential for aerospace, defence, pigments , and advanced alloy applications. Similarly, Lanthanum and Cerium is critical for EV motors, permanent magnets , catalysts, optics and electronics. Rhenium is valuable for superalloys, jet engines, and defence components, while Selenium which is used in glass manufacturing, electronics and renewable energy and Zirconium (Zr) is important for nuclear, ceramics, refractories and aerospace applications. Live Events Critical minerals are a subset of minerals considered crucial for the manufacturing and technological needs of industries, while REEs are a subset of critical minerals. Studies were conducted through accredited agencies, and reports have been shared with Non-Ferrous Materials Technology Development Centre (NFTDC) in Hyderabad for further technical evaluation, the official said. These findings indicate that WCL's overburden (rock or soil layer) and mine rejects (waste material left over after mineral/coal extraction) contain high-value strategic minerals, transforming waste material into potential revenue-generating resources, he said. "The discovery of REEs and associated critical minerals opens multiple diversification pathways for WCL. Extraction of REEs offers the opportunity to a commercial mineral resource, improving mine economics and sustainability," he said. WCL can expand beyond coal into critical mineral mining, beneficiation and processing, downstream material supply for EVs, renewable energy, electronics and defence sectors, he said. A Memorandum of Understanding (MoU) has been executed between Coal India Ltd (CIL) and the NFTDC to develop applied R&D projects, pilot plants, and demonstration-scale commercial technologies for mineral extraction and value addition. In collaboration with NFTDC and CIL, the WCL can establish pilot extraction plants and commercial demonstration units, positioning itself as a technology leader in REE recovery. As coal demand moderates in the long term, REEs provide a future-ready alternative revenue stream, reducing dependence on thermal coal markets, he said. "With these strategic findings, WCL in its future roadmap will work on a detailed resource estimation and techno-economic feasibility studies, process development for REE extraction and beneficiation, establishment of pilot plants and commercial scale projects partnerships with PSUs, private industry, and technology providers," he added. The findings from WCL's multi-mine elemental analysis demonstrate strong technical and economic potential for REEs and critical minerals, positioning WCL to emerge as a strategic contributor in India's critical mineral ecosystem, the official said. He said that by leveraging existing mining infrastructure, PSU partnerships, R&D collaborations, and national policy support, WCL can transform REEs into a high-value diversified business vertical, ensuring long-term sustainability, profitability, and national strategic relevance. .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;} .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 Supreme Court has dismissed appeals from Torrent Power, Jindal Power, and Vantage Point Asset Management. The court upheld Sarda Energy's Rs 1950 crore resolution plan for SKS Power. Lenders' commercial wisdom is paramount. The National Company Law Appellate Tribunal and National Company Law Tribunal had previously approved Sarda Energy's plan. View More
The Supreme Court on Friday dismissed Torrent Power , Jindal Power and Vantage Point Asset Management appeals, upholding Sarda Energy 's Rs 1950 crore resolution plan for SKS Power . The apex court stated that the commercial wisdom of the lenders is paramount and the CoC’s primacy can not be substituted by judicial intervention. The court said that since Sarda Energy’s resolution plan is approved by the NCLT and National Company Law Appellate Tribunal (NCLAT) and has been implemented, there is no scope for any interference, thus there is no merit in appeals. "At its core lies the doctrine of commercial wisdom, a conscious legislative choice to wrest decisive authority. The IBC recognises that decisions on viability, valuation and acceptable haircuts are inherently commercial, not judicial codes. Therefore, the courts do not substitute their assessment for that of the COC," it said. The adjudicating authority (NCLT) performs a supervisory role, ensuring statutory compliance and procedural fairness, but refrains from second-guessing economic bodies, the apex court said, in this case, the doctrine of commercial wisdom does embody both institutional discipline and legislative intent. Live Events The Supreme Court noted that insolvency resolution must be efficient, market-responsive, and guided by those best placed to evaluate commercial work. Respecting these limits will preserve the economic sense of the IBC and ensure that insolvency remains a predictable, time bound and market-driven process, it said. The case dates back to October 1, 2024, when the NCLAT had upheld the approval given to Sarda Energy’s Rs 1,950 crore bid to acquire SKS Power Generation. The appellate tribunal had then rejected the objections raised by other contenders including Torrent Power, NTPC , Jindal Power and Vantage Point. In April 2022, the Mumbai bench of the National Company Law Tribunal had admitted a petition by Bank of Baroda to initiate insolvency proceedings against SKS Power with a total admitted claims of Rs 2,560 crore. On August 13, 2024, the NCLT had approved Sarda Energy's resolution plan, which covered nearly all dues owed to the financial creditors. Sarda’s bid was voted by the CoC in favour of SKS Power, which has set up a 4X300 MW coal-based thermal power plant at Binjkote and Durramuda in Raigarh District, Chhattisgarh. .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;} .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)
Chennai: India's solar exporters face a severe jolt after the US commerce department proposed countervailing duties of 125.9% on crystalline silicon photovoltaic cells from India , citing alleged subsidies. The preliminary finding covers shipments to the US, which absorbs more than 95% of India's solar cell and module exports. The duty is likely to wipe out the cost advantage Indian suppliers enjoyed over US-made modules, which themselves rely on imported cells. Final duty rates are expected in July 2026. Until then, trade flows may remain volatile. Waree Energies, Vikram Solar , Premier Energies , Mundra Solar Energy and Mundra Solar PV are among major Indian exporters to the US. "Between April 2023 and Nov 2025, India exported cells and modules worth roughly Rs 34,000 crore to the US," said Sehul Bhatt, director at Crisil Intelligence. Modules from India could become at least 30% more expensive compared with US-made alternatives, rendering them commercially unviable, he added. Trade research body GTRI said that India exported solar panels worth $1.2 billion to the US, 18% lower than 2024. "At this rate, a $100 panel could land in the US at about $226, making many contracts commercially unviable," it added. Vietnam, Thailand, Malaysia and Cambodia already face heavy countervailing duties Abhishek Pareek, group head - finance at Waaree Energies , said the matter remains under review and the company does not expect a material impact on its ability to service its US order book. It is expanding local manufacturing in the US and diversifying its supply chain. .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;} .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!
During a meeting, NTPC — with a cumulative installed capacity of almost 84 GW – said that operating units below 55% minimum technical load (MTL) is technically not feasible, particularly due to issues such as poor coal quality View More