Ahmedabad, April 29 (IANS) Adani Power Limited (APL), a part of Adani portfolio of companies, on Wednesday reported a sharp 64 per cent year-on-year (YoY) surge in its consolidated net profit to Rs 4,271 crore for the fourth quarter ended March 31 (Q4 FY26), driven by improved operational efficiency and lower tax outgo despite a volatile power demand environment.The company’s revenue for the quarter rose 10 per cent to Rs 15,989 crore, while EBITDA grew a robust 27 per cent to Rs 6,498 crore, …
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Washington, April 22 (IANS) A Senate hearing on the US energy budget exposed deep partisan divisions, with officials backing fossil fuel support for reliability and critics accusing the administration of raising costs and cutting clean energy programmes.At the hearing of the Senate Energy and Natural Resources Committee, Energy Secretary Christopher Wright defended the administration’s strategy, saying the focus was on “delivering reliable, affordable and secure energy for the American peopl…
New Delhi, April 20 (IANS) The combined index of India’s eight core infrastructure industries declined 0.4 per cent in March this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry on Monday.While the production of natural gas, steel, and cement went up during the month, the output of fertilisers, crude oil, coal, and electricity recorded a negative growth, according to a ministry statement.The final growth rate of the eight cor…
New Delhi, April 13 (IANS) India’s top cement companies are expected to record healthy volume growth in the Q4 FY26, driven by stronger construction activity and government capital spending, analysts said on Monday.Motilal Oswal Financial Services forecasted about 10 per cent year‑on‑year growth in revenue and around 4 per cent growth in EBITDA for their cement coverage universe, according to multiple reports.Even amidst volume growth, profitability is likely to remain under pressure over …
New Delhi, April 9 (IANS) Ferrous players are likely to post strong fourth quarter (Q4) results as hot‑rolled coil and rebar prices rose sharply, driving realisations and offsetting higher coking coal costs, a report said on Thursday.The report from Emkay Global Financial Services said that “COAL is likely to report strong on-quarter EBITDA growth, among mining stocks, surging over 46 per cent or Rs 115 billion”. The growth is supported by higher e‑auction realisations and improved offta…
New Delhi, April 5 (IANS) Online LPG cylinder bookings have increased to 95 per cent, and no dry-out has been reported at LPG distributorships with more than 51 lakh domestic cylinders distributed on April 4, according to the latest update issued by the Ministry of Petroleum and Natural Gas on Sunday. To prevent diversion at the distributor level, Delivery Authentication Code (DAC) based deliveries have increased 90 per cent from 53 per cent in February before the disruption in supplies due to t…
Hyderabad, April 1 (IANS) Bharat Rashtra Samithi (BRS) working president K. T. Rama Rao has written a letter to Railways minister Ashwini Vaishnaw, urging the immediate formation of a new Railway Division with headquarters at Kazipet in Telangana. Rama Rao highlighted that the ongoing restructuring within the South Central Railway and operationalisation of the South Coast Railway have placed an excessive operational burden on the Secunderabad Division. As per the latest restructuring data,…
New Delhi, March 30 (IANS) The Indian economy has shown a healthy expansion in the total primary energy supply (TPES) in FY2024-25, registering a growth of 2.95 per cent over the past year and stood at 9,32,816 KToE (kilo tonnes of oil equivalent), the government said on Monday.The country has a huge potential for generation of renewable energy which stands at 47,04,043 megawatt (as on March 31, 2025). In the total potential, solar energy has witnessed a staggering growth from 748,990 megawatt d…
New Delhi, March 20 (IANS) The combined index of India’s eight core infrastructure industries increased by 2.3 per cent in February this year compared to the corresponding figure for the same month of the previous year, according to data released by the Commerce and Industry Ministry on Friday.The production of cement, steel, fertilisers, coal, and electricity recorded positive growth in February.Steel production recorded a 7.2 per cent increase in February over the same month of the previous …
New Delhi, March 19 (IANS) India is set to significantly expand its power generation capacity over the next decade, with a strong push towards clean energy, according to a new government projection on Thursday.The Central Electricity Authority (CEA) has estimated that the country’s installed power capacity will more than double from the current 520 gigawatt (GW) to 1,121 GW by 2035-36.A major share of this growth will come from non-fossil fuel sources, which are expected to contribute around 7…