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Mines Ministry revises mineral auction rules to speed up mine development
The Ministry of Mines has amended the Mineral (Auction) Rules, 2015 to introduce intermediary timelines between the issuance of the letter of intent (LoI) and the execution of mining leases. The changes are aimed at reducing delays and ensuring faster operationalisation of auctioned mineral blocks. The revised framework sets milestone-based deadlines and allows corrective measures…
Jyoti Structures signs Sri Lanka transmission JV with Hayleys Fentons
Jyoti Structures Limited has entered into a contract agreement with National Transmission Network Service Provider (Private) Limited (NTNSP) under the Mullikulam Wind Power Transmission Project in Sri Lanka, the company announced. The project is being executed through a joint venture with Hayleys Fentons Limited, Sri Lanka’s leading MEP and Solar EPC contractor. The scope of…
SECI partners with H2Global Stiftung to accelerate green hydrogen ambitions
The Solar Energy Corporation of India (SECI) has signed a memorandum of understanding (MoU) with H2Global Stiftung, a non-profit advancing global hydrogen markets, to promote green hydrogen development. The partnership focuses on leveraging H2Global’s innovative mechanism, implemented by its subsidiary Hintco, to align with international hydrogen market dynamics. Hintco’s tenders provide transparency on pricing, ensure…
MNRE clarifies operational rules for BioCNG project funding
The Ministry of New and Renewable Energy (MNRE) has released a memorandum detailing performance requirements that BioCNG projects must meet to qualify for Central Financial Assistance (CFA). The directive sets out minimum generation thresholds for disbursing the full amount of support. The clarification applies to the Waste to Energy Programme under Phase-I of the National…
REC reports 12% rise in FY25 net profit to Rs 158.84 billion
REC Limited reported a net profit of Rs 158.84 billion in FY 2024-25, marking a 12.29 per cent increase from Rs 141.45 billion in the previous year. Total income rose by 18.63 per cent to Rs 564.34 billion, compared to Rs 475.71 billion in FY 2023-24. The company recorded disbursements of Rs 1,911.85 billion in…
NLC India and APDCL form JV to develop 1 GW solar projects in Assam
NLC India Renewables Limited (NIRL) and Assam Power Distribution Company Limited (APDCL) have incorporated a joint venture company named “NIRL Assam Renewables Limited” to develop renewable energy (RE) projects in Assam. NIRL, a wholly-owned subsidiary of NLC India Limited, will hold a 51% equity stake in the JV, while APDCL will hold 49%. The joint…
