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Coal India is investing nearly fifty thousand crore rupees in coal gasification projects. The company is also actively seeking overseas critical mineral assets, particularly lithium. Coal India targets nine point five gigawatts of renewable capacity by the year twenty thirty. These initiatives aim to reduce import dependence and capture new growth engines. The state-run miner is establishing a robust coal gasification ecosystem in India. View More

New Delhi: Coal India (CIL) is pursuing an aggressive diversification strategy beyond its mainstay of coal mining. The world's biggest producer of the fossil fuel is lining up nearly ₹50,000 crore in coal-gasification projects while scouting for overseas critical-mineral assets, particularly lithium, said B Sairam, chairman and managing director. It is also targeting 9.5 gigawatts (GW) of renewable capacity by FY30, aligning with its plan to capture new growth engines. "CIL remains strongly committed to the government's coal gasification push," Sairam told ET. "The ₹37,500-crore scheme will accelerate projects and support import substitution, energy security and value addition to domestic coal." Also Read: Coal India output dips 5.7% in August, offtake rises 5.5% He added that the company is exploring partnerships with technology providers, project developers and potential syngas consumers to establish a robust coal gasification ecosystem in India. CIL's first commercial coal gasification project has moved into the execution phase, with the start of mechanical erection at Bharat Coal Gasification and Chemicals (BCGCL) at Odisha's Lakhanpur. Foundation bolts for the electrostatic precipitator have reached the site, while boiler and chimney materials have been dispatched by Bharat Heavy Electricals ' (BHEL) manufacturing units. Engineering drawings are being progressively approved too. Live Events BCGCL, a 51:49 joint venture between CIL and BHEL, is investing over ₹25,000 crore in the project with an annual capacity of 660,000 tonnes of ammonium nitrate. The project has received ₹1,350 crore under the Centre's ₹8,500-crore financial incentive scheme for coal and lignite gasification projects. Two more gasification projects-in West Bengal with GAIL and Maharashtra with BPCL-are at the detailed project report and tendering stages. "Together, these three projects, involving a cumulative investment of about ₹50,000 crore, are expected to reduce the country's dependence on imported chemicals and natural gas," noted the CMD of the state-run miner. CIL is also positioning itself in critical minerals . It has secured five assets, spanning graphite, rare earth elements and rare metals, and is evaluating opportunities in Chile, Argentina and Australia. Also Read: Coal India’s supplies rise 5.5% in August despite output dip "Chile is one of the key markets we are exploring for lithium assets," said Sairam. CIL is discussing a possible stake in a Chilean asset and has signed non-disclosure pacts with potential overseas partners. "We are hopeful that these discussions will progress favourably and that we will be able to conclude the deal," he added. To facilitate overseas critical-mineral acquisitions and strengthen its international footprint, the company has incorporated CIL Global in Singapore. Renewables are another major growth pillar. CIL is targeting 9.5 GW of renewable capacity by FY30, with plans to integrate battery storage with new solar projects. .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)

Petrol and diesel sales saw significant year-on-year increases in August. This growth was fueled by greater mobility and a strengthening economy. Aviation turbine fuel sales also returned to growth, indicating air traffic recovery. However, cooking gas consumption continued its decline despite increased imports. Industry experts attribute this drop to a shift towards piped natural gas. View More

New Delhi: Petrol sales rose 7.9% and diesel sales 6.5% year-on-year in August, aided by increased mobility, stronger vehicle sales and an expanding economy, according to preliminary data from the oil ministry released on Tuesday. Strong vehicle sales this fiscal have contributed to strong petrol demand. Cumulative sales growth during April-August was 6.5% for petrol and 4.3% for diesel. A rapidly expanding economy and uneven monsoon have driven diesel sales to an unusually high growth rate of 6.5% in August. An industry executive said farmers in many regions have been increasingly using diesel for irrigation. Also Read: Windfall tax slashed on fuel exports Meanwhile, aviation turbine fuel (ATF) sales rose 1.4%, while cooking gas, or LPG, sales fell 16.1%. The return to growth for ATF in August points to a recovery in air traffic, which had been hit by the West Asia war and soaring fuel prices. For the April-August period, ATF sales declined 0.6%. Cooking gas consumption, surprisingly, continued to fall in August despite rising imports. The fall during April-August stood at 15.9%. Industry executives attributed the August decline partly to a shift to piped natural gas among households, eateries and factories. .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)

New Delhi has reduced export duties on petrol, diesel, and aviation fuel. The levy on petrol exports is now ?1.15 per litre, a significant decrease. Diesel export duty sees a marginal reduction to ?25 per litre. Aviation turbine fuel exports will now face a ?19 per litre windfall tax. These revised rates will take effect from September 3, 2026. View More

New Delhi: The government on Tuesday reduced the windfall tax on petroleum product exports, slashing levies on petrol, diesel and aviation turbine fuel (ATF) as part of its fortnightly review of export duties. As per the finance ministry notifications, the export duty on petrol has been reduced to ₹1.15 per litre from ₹3.5 per litre earlier. The levy on diesel exports has been reduced marginally to ₹25 per litre from ₹25.5 per litre, including the Road and Infrastructure Cess (RIC) component. For ATF exports, the windfall tax has been reduced to ₹19 per litre from ₹22 per litre. The revised rates come into effect from September 3, 2026. The government reviews the windfall tax on domestically produced crude oil and export of petroleum products every fortnight, depending on global oil prices and refinery margins. There is no change in the existing duty on these products for domestic consumption. .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)

Commercial space firm SpaceX is constructing a specialised in-house foundry to manufacture high-spec gas turbine blades and vanes, CEO Elon Musk confirmed. Confirming the plans on social media platform X, Musk on Saturday noted that while SpaceX and Tesla are racing to scale solar panel production, natural gas remains necessary to bridge power demands for several years. The strategic expansion targets a severe supply chain bottleneck that has stalled power generation required for artificial intelligence (AI) data centres across the United States. A turbine blade foundry is a specialised manufacturing facility that uses advanced casting techniques to produce high-precision turbine blades and vanes for jet engines, aerospace systems and power-generation gas turbines. "The limiting factor for nat gas turbine production is casting the blades & vanes," Musk stated. "By doing in-house casting at SpaceX, we can accelerate nat gas turbines coming online by up to 18 months, which is a ... View More

The new plant is scheduled to become operational by April 2027; will allow Waaree Transpower to serve customers across 132 kV, 220 kV, and 400 kV voltage classes View More

India's power capacity is projected to surpass 2,000 gigawatts by 2047, with solar significantly leading this clean energy expansion, reaching over 1,100 gigawatts. Grid-scale storage must increase forty-fold to meet future renewable energy integration needs. View More

New Delhi: India's installed electricity generation capacity is projected to cross 2,000 GW by 2047, nearly four times the current levels, driven by a dramatic expansion in clean energy, especially solar power, says a report. The report, 'India's Power & Energy Transformation Outlook, by the Energy & Climate Initiatives Society (ENCIS) was released on Tuesday during the inaugural session of Bharat Electricity, POWERGEN India & Indian Utility Week 2026 in the capital. Solar power alone is expected to leap from 119 GW to over 1,100 GW, underscoring the scale of infrastructure, innovation, and policy support required for the nation's Viksit Bharat vision, the report stated. The inaugural session brought together a distinguished line-up of sector leaders and government dignitaries. Also read | India's power consumption rises nearly 13% to 169 billion units in August Live Events Speaking on the occasion, Ghanshyam Prasad, Chairperson, Central Electricity Authority (CEA), said, "India is experiencing phenomenal growth in the power sector, with record annual capacity additions and a rapid shift toward clean energy. But it's not just about adding megawatts; our real challenge now is to build a grid and market architecture that can integrate renewables, storage, and new technologies at scale, ensuring reliability, flexibility, and affordability for a future-ready economy." The report details how non-fossil sources have already reached 53 per cent of India's 540 GW installed capacity, five years ahead of target, while peak electricity demand has nearly tripled since 2000 and is forecast to reach 366 GW by 2032, a 34 per cent jump, driven by new loads from data centres, e-mobility, and green hydrogen. The report further highlights that India must nearly triple its renewable energy deployment by 2030, reaching 500 GW of non-fossil capacity while maintaining system reliability. Also read | NTPC plans to treble capacity to 244GW by 2037, invest ₹16.86 lakh crore Grid-scale storage will need to increase 40-fold to 200 GWh by 2030, marking the most significant infrastructure leap in the sector's history. The report also notes that nationwide smart meter deployment is on track to reach 250 million units by FY2028, enabling real-time management of 90 per cent of consumer demand and pushing average AT&C losses below 10 per cent nationally for the first time. Although digital reforms have already reduced AT&C losses to 15 per cent, the distribution segment remains a critical bottleneck, with 44 GW of renewables stuck in contract or financing limbo. Bhupinder Singh Bhalla, Chairperson of the Governing Council for Bharat Electricity, POWERGEN India and Indian Utility Week 2026, said, "India's energy transition is now about orchestration, not just expansion. Our next phase will be judged not by the number of gigawatts added, but by whether we build a system that is reliable every hour, affordable for every consumer, flexible under stress, and secure against disruption." Ashish Sood, Minister of Home, Power, Urban Development and Education, Government of NCT of Delhi, stated that Delhi's experience shows that better management, technology, and investment can fundamentally transform the performance of an urban power system. Shailesh Kumar, Minister of Energy, Bihar, stated that as India's energy landscape evolves, Bihar is ready to partner with industry and international investors, offering land, infrastructure, and policy support to help shape the next chapter of India's clean energy growth. The report also highlighted that coal will continue to provide grid stability, with plants needing to operate at 40 per cent minimum technical load and 3 per cent and ramp rates by 2030. Overall, India's power sector investment requirement is pegged at USD 0.5 trillion by 2030, and more than one million new skilled workers will be needed to deliver the digital and clean energy transformation. Organised by the ENCIS, the three-day event convenes more than 15,000 professionals, over 250 exhibitors, and 150 global thought leaders from 40 countries. .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)

Today marks the final opportunity for investors to buy NTPC shares to receive a dividend of ?3.50 per share by the September 2, 2026, record date. NTPC reported an 11.9% increase in net profit for Q1 FY27, indicating strong financial health. View More

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading. View More

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are broadly lower to start the week. Within the S & P 500's 11 sectors, energy is the clear winner Monday after the U.S. and Iran exchanged strikes over the weekend. The escalation sent U.S. oil benchmark WTI crude back above $85 a barrel and international standard Brent crude above $90. The rise in oil, along with Federal Reserve Chairman Kevin Warsh's hawkish speech Friday in Jackson Hole, is pressuring bonds, with the 10-year Treasury yield climbing to 4.75%. The only other S & P sector in the green was technology, which creeped into positive territory in afternoon trading. Communication services is leading to the downside. Eli Lilly made yet another biotech deal, acquiring Merida Biosciences for up to $2.875 billion in cash. Merida is working on a new class of therapeutics for serious autoimmune and allergic diseases. Unlike traditional medications that suppress the immune system, Merida is developing biologics that degrade pathogenic autoantibodies that cause immune-mediated conditions. Merida's lead program is in early stage development for Graves' disease and thyroid eye disease, so it will be quite some time before we learn if this approach delivers differential results. Still, this acquisition fits Lilly's long-term strategy of "investing in technologies that can really change other diseases like we've changed obesity," CEO David Ricks told CNBC's Sara Eisen on Monday morning. Ricks noted that Lilly has been highly acquisitive in 2026, as the Indianapolis-based drugmaker puts its obesity windfall to work . "We've done more deals this year than we did all of last year," Ricks said. Another notable comment from Ricks was his opinion of PepsiCo dropping GLP-1 coverage for its employees, with Bloomberg News reporting last week that the decision came in response to escalating costs for the drugs. "Right now it's about neutral. Although the press picks up on the drops, there are adds as well. It's about flat," Rick said. "I think what I'd say to PepsiCo or anybody else, you're already paying for obesity whether you cover the drugs or not. Obesity is the biggest driver of employer health costs, through heart attacks, diabetes, other untoward consequences of obesity. So treating it is a smarter play." GE Vernova shares are trading 2% lower after Elon Musk said on social media that SpaceX is developing in-house casting for natural gas turbine blades and vanes to accelerate production of the power-generating equipment by up to 18 months. Musk's post —made over the weekend on X — is also sending down shares of Howmet Aerospace , which makes turbine blades. Analysts at Jefferies said in a note to clients that it could take at least four years before SpaceX could come to market with blades, noting the lengthy time it takes to negotiate with customers, industrialize the facility, ramp production, and improve manufacturing yields. Based on this analysis, we don't think the turbine bottleneck will resolve itself anytime soon, allowing GE Vernova to enjoy strong pricing power over the next few years. But in the interim, we are monitoring how political pushbacks could delay some data center projects ahead of the midterm elections. This concern is why we downgraded our rating on GEV last Monday. There are no major earnings after the close on Monday. Medtronic reports earnings before the opening bell on Tuesday. On the economic data side, we'll see S & P Global U.S. Manufacturing PMI, the Institute for Supply Management's Manufacturing PMI, the Census Bureau's look at construction spending, and the so-called JOLTS report, which shows job openings and the quits rate for July. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

CEA V Anantha Nageswaran says strong manufacturing, services and exports underscore India's economic resilience despite global uncertainty and energy risks View More

This week, investors can look forward to three mainboard initials and four SME IPOs, with a combined goal of raising over ?1,400 crore in the primary market. As some companies from last week finalize their offerings, five others that went public will list shortly. The SME sector also experiences its own set of IPO conclusions and fresh listings this week. View More

Another busy week awaits the primary market, with three mainboard and four SME initial public offerings set to open, looking to raise more than ₹1,400 crore. This compares with six mainboard and seven SME IPOs that together raised more than ₹4,447 crore last week. Among the mainboard IPOs opening this week, Purple Style Labs will be the largest, looking to raise around ₹680 crore, followed by Deepa Jewellers at ₹460 crore and Rays Belief at ₹125 crore. In the SME segment, Farm Peace, Phychem Technologies, Shanti Inorganics and Ashutosh Fibre will tap the market. ET Bureau Read more: Corporate actions this week: NTPC, Coal India among nearly 90 cos set to hit record dates for dividend payouts, bonus issues & stock splits Three mainboard IPOs that opened last week - Priority Jewels, ESDS Software Solutions and Lumino Industries - will close this week. Five companies that completed their IPOs last week - Augmont Enterprises, Hy-Tech Engineers, Skyways Air Services, Symbiotec Pharmalab and Annu Projects - are scheduled to list this week. In the SME segment, the IPOs of Paluck Technologies, Complete Sports & Management India and Kwick Forensic Solutions will close this week. Sumax Engineering, ABH Healthcare and Madhur Knit Crafts, which completed their IPOs last week, are scheduled to list this week. .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)