JSW Steel accuses top US steel companies of stifling competition

FY25 Thermal Power Capacity Addition Misses Target

India added just 4.53 gigawatts (GW) of thermal power capacity in FY25, significantly below the 15.4 GW target, according to the Central Electricity Authority’s latest report. Of the planned 22 thermal units, only six were commissioned last fiscal year—two in the central sector and four in state sectors.New units commissioned include Ghatampur TPP, Khurja SCTPP, Jawaharpur STPP, Bhusawal TPS, Panki TPS Extension, and Yadadri TPS, ranging from 660 MW to 800 MW. The commissioning of the remaining 16 units has been deferred to FY26.Delays are attributed to equipment supply issues, land acquis..

Avaada in Talks with Global Lenders to Raise $1 Bn Project Debt

Avaada Group is in discussions with global lenders including Standard Chartered Bank, Sumitomo Mitsui Banking Corporation (SMBC), BNP Paribas, and Societe Generale to raise over $ one billion (Rs 85.00 billion) in project finance debt to support its renewable energy expansion.The company currently has 3,000 MWp of solar and wind projects under construction and aims to reach 30 GWp capacity by 2030. It plans investments of Rs 35,000 to 400.00 billion in solar, wind, pumped storage projects (PSP), and green hydrogen and ammonia production.Chairman Vineet Mittal noted the firm’s active engageme..

Tata Power Q4 Profit Rises 16.5% to Rs 10.43 Bn

Tata Power posted a net profit of Rs 10.43 billion in Q4FY25, up 16.5 per cent from Rs 8.95 billion in Q4FY24, beating analyst estimates of Rs 10.22 billion. Revenues rose 7.9 per cent to Rs 170.96 billion, in line with expectations.EBITDA increased 39.2 per cent to Rs 32.46 billion, driven by higher power sales, growth in solar rooftop projects, and a 73 per cent year-on-year rise in profit after tax in the distribution segment, mainly due to Odisha Discoms’ improved performance.For FY25, Tata Power achieved its highest ever annual revenue of Rs 645.02 billion. The company plans a capex of ..