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Cabinet approves Rs 1,500 crore scheme for critical mineral recycling
The Union Cabinet has cleared a six-year, Rs 1,500 crore incentive scheme to boost domestic recycling of critical minerals from secondary sources. Part of the National Critical Mineral Mission, the scheme will support extraction from e-waste, lithium-ion battery scrap, and end-of-life vehicle parts. Incentives include a 20% capital subsidy for new and expanded units, and…
- India | Generation | News
SRPC allocates 50 MW from KKNPP Unit 1 for startup of Units 3 and 4
The Southern Regional Power Committee (SRPC) has allocated 50 MW from the operational Kudankulam Nuclear Power Project (KKNPP) Unit 1 to support startup activities for the upcoming KKNPP Units 3 and 4. This marks a key step in commissioning the new nuclear units. In an order dated October 24, 2025, SRPC directed that the power…
L&T acquires full ownership of LTSSHF
Larsen & Toubro Limited (L&T) has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Limited (LTSSHF) from Nuclear Power Corporation of India Limited (NPCIL), making it a wholly owned subsidiary. With full ownership, L&T aims to expand LTSSHF’s offerings beyond the energy sector and improve overall utilization through additional investments….
U-Solar commissions solar project in Karnataka, plans expansion
U-Solar Clean Energy Private Limited has commissioned a 20 MWp solar power plant under Phase-I at Ramasamundra village in Yadgir district, Karnataka. The company also plans to develop an additional 50 MW solar project at the same site as part of Phase-II. Electricity generated from both phases will be used to power co-working spaces across…
PFC approves Rs 1.6 lakh crore borrowing plan, closes GIPCL
Power Finance Corporation Limited (PFC) has approved a borrowing programme of up to Rs 1,60,000 crore for FY2026-27 at its board meeting held on March 17, 2026. The board also approved closure of an 18-year-old project subsidiary that did not progress to implementation. Borrowing plan and dividend The borrowing ceiling includes Rs 1,10,000 crore from…
India | Generation | NewsMCX gets SEBI nod to set up coal trading subsidiary
Multi Commodity Exchange of India Limited (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to incorporate a wholly owned subsidiary focused on coal trading. The approval, granted on April 17, 2026, allows MCX to establish a regulated platform for coal price discovery. The proposed entity, expected to be named MCX…
