GLINTERVOKUD

The government has approved a restructuring of the boards of THDC India and NEEPCO, both subsidiaries of NTPC. This involves appointing a non-executive chairperson and redesignating the CMD position to Managing Director. The board size will be reduced to seven members, and certain director positions will be eliminated, aiming for streamlined decision-making.

The former promoters of Bhushan Steel and Power Limited have appealed to the Supreme Court. They want their review petition against the company’s liquidation order to be heard in open court. The petition challenges the previous verdict which had set aside JSW Steel’s resolution plan. The promoters argue that the assigned liquidation value was too…

Following EU sanctions on Rosneft-part-owned Nayara Energy, the Indian refinery has tightened its sales conditions, now requiring advance payments or letters of credit for naphtha shipments. This shift highlights the wider impact of escalating restrictions against Russia-linked energy as India becomes a key destination for Russian crude, while the EU previously remained a market for…

India aims to achieve 100 GW atomic power by 2047. The government plans to amend laws to encourage private sector investment in nuclear energy. These changes address global concerns about liability. The goal is to meet global benchmarks and become a developed nation. India is also expanding nuclear power capacity significantly.

NTPC has stopped the installation of Flue-Gas Desulphurisation systems at five under-construction power plants. This follows a government notification exempting many thermal plants from needing FGD. The order impacts projects with over 7 GW capacity. Bharat Heavy Electricals Limited may seek compensation. The Ministry of Environment, Forest and Climate Change issued the exemption.

Himachal Pradesh’s Revenue Minister Jagat Singh Negi announced that the 450 MW Shongtong hydroelectric project in Kinnaur district is nearly 60% complete and is expected to be finished by December 2026. Negi also instructed officials to register government properties, especially PWD roads existing for over 20 years, in revenue records by August 1, 2025, ensuring…

Tata Power Renewable Energy Limited has secured its first Battery Energy Storage Purchase Agreement with NHPC Limited. This agreement involves setting up a 30 MW / 120 MWh battery storage system in Kerala. The project aims to address peak power demand and enhance grid flexibility. It will also support the integration of renewable energy in…

Moody’s Ratings has affirmed Baa3 credit ratings for Adani Energy Solutions entities. This includes Adani Transmission Step-One Ltd, Adani Transmission Restricted Group 1, and Adani Electricity Mumbai Ltd. The rating agency maintains a negative outlook. This is due to governance risks linked to legal proceedings involving Adani Group executives.

The Karnataka cabinet has asked NTPC to conduct a state-wide study to identify suitable locations for a proposed nuclear power plant, rejecting three previously suggested sites in Vijayapura, Raichur, and Koppal. The state will decide on the location after reviewing NTPC’s comprehensive report.

Gurdeep Singh will continue as Chairman and Managing Director of NTPC. His tenure gets a one-year extension. The extension is effective from August 1, 2025, till July 31, 2026. The Appointments Committee of the Cabinet approved the proposal. Earlier, PESB found no suitable candidates for the CMD post. NTPC is India’s largest power producer under…