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CAG audit flags operational gaps and revenue losses at NLC India
A performance audit by the Comptroller and Auditor General of India (CAG) identified operational, financial and compliance gaps at NLC India Limited’s lignite mines and thermal power stations in Neyveli, leading to revenue losses and safety and environmental concerns. The audit covered 2017-18 to 2022-23 and reviewed Mine-I, Mine-IA and Mine-II along with TPS-I Expansion…
Masdar and Presight to launch AI tool for managing assets globally
UAE-based Masdar has teamed up with Presight to create an AI-driven asset management tool aimed at optimising its global renewable energy projects. The tool will leverage big data analytics and generative AI to process billions of data points generated by Masdar’s solar panels and wind turbines. This collaboration seeks to enhance operational efficiency, predict maintenance…
Mahanagar Gas to invest Rs 2.3 billion in battery gigafactory with IBC India
Mahanagar Gas Limited (MGL) has announced an investment of Rs 2.3 billion in International Battery Company (IBC) India to develop a gigafactory in Bengaluru, focused on producing prismatic NMC Li-ion cells for mobility and battery storage applications. This partnership aims to meet India’s demand for locally manufactured battery cells, which are currently imported. MGL has…
US duty triggers sell-off in Indian solar stocks
Indian solar stocks declined sharply on February 25, 2026 after the US Commerce Department imposed a preliminary countervailing duty (CVD) of 125.87% on solar cell and module imports from India. Following the announcement, manufacturers including Emmvee Photovoltaic Power Limited, Waaree Energies Limited, and Premier Energies Limited issued statements indicating limited immediate impact on their business…
PGCIL commissions NERSS-XII project
Power Grid Corporation of India Limited (PGCIL) has commissioned the North Eastern Region Strengthening Scheme-XII (NERSS-XII) project, effective 2 November 2024. The notification for commercial operation was received on 23 November 2024. NERSS-XII is an interstate transmission scheme aimed at enhancing the power infrastructure in India’s North-East region. PGCIL developed the project for Rs 5.76…
Arunachal Cabinet launches Rs 20 billion state power programme
The Cabinet of Arunachal Pradesh has approved the Arunachal Pradesh Comprehensive State Power Development Program with a budget outlay of Rs 20 billion to be implemented over four years. The programme focuses on strengthening the state’s power infrastructure, electrifying unserved areas, and preparing for a hydropower-driven future. The scheme aims to develop sub-transmission and distribution…
