Energy

BlackRock’s decision to invest in Aditya Birla Renewables marks a significant vote of confidence in India’s accelerating clean-energy shift. The infusion of global capital underscores the growing appeal of India’s renewable power sector, driven by ambitious climate commitments, robust policy frameworks, and expanding market opportunities. As international investors seek resilient, long-term assets amid global volatility, India’s renewable infrastructure has emerged as a compelling choice.

Avaada Group has announced an ambitious Rs 1 lakh crore investment blueprint aimed at accelerating its presence across renewable power, green hydrogen, and allied clean-energy verticals. In parallel, the company’s solar manufacturing arm has formally filed for an initial public offering, positioning itself to capture rising demand for domestically produced photovoltaic modules. The dual strategy marks a pivotal moment for Avaada as it seeks to strengthen its financial base, expand manufacturing capacity, and reinforce India’s broader transition toward sustainable energy.

India has confirmed it will submit its updated Nationally Determined Contribution (NDC) by December, reaffirming its commitment to global climate action, Energy Minister Jitendra Yadav stated at COP30. The announcement underscores India’s ambition to accelerate emission reductions, expand renewable energy capacity, and advance low-carbon development pathways. The updated NDC is expected to align with India’s long-term net-zero goals while emphasizing sustainable industrial growth, energy efficiency, and green technology deployment.

Exide Industries, one of India’s leading energy storage manufacturers, is preparing to launch commercial production of lithium-ion cells by the end of FY26. The move represents a major strategic shift as the company positions itself to meet rising domestic demand for advanced battery technologies, driven by electric mobility, grid storage, and industrial applications. With its new facility designed to deliver large-scale output, Exide aims to strengthen India’s battery ecosystem and reduce dependence on imports.

Southern Petrochemical Industries Corporation (SPIC) reported a significant rebound in its second-quarter earnings, registering a 74% surge in net profit to Rs 61 crore. The improved performance reflects stronger operational efficiencies, better cost management, and resilient demand across its fertilizer portfolio. Despite volatility in global commodity markets, the company managed to stabilize margins and strengthen its production output. Revenue remained steady, supported by consistent off-take in key agricultural regions.

Electric scooter manufacturer Ather Energy reported a significant improvement in its financial performance for the second quarter (Q2), with net losses narrowing to Rs 154 crore, compared with Rs 342 crore in the same period last year. The Bengaluru-based company attributed the improvement to robust revenue growth, cost optimization, and operational efficiencies. Revenue from operations rose sharply to Rs 1,753 crore, driven by strong demand for its electric two-wheelers and expanding retail footprint.

The Indian Gas Exchange (IGX) Gas Price Index witnessed an 11% year-on-year decline in October, reflecting a moderation in global liquefied natural gas (LNG) prices and subdued domestic demand. Despite short-term volatility, India’s natural gas market continues to show signs of structural maturity, driven by expanding infrastructure and policy reforms aimed at deepening gas-based energy usage.

Renewable energy company SAEL Industries has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise ₹4,575 crore through its initial public offering (IPO). The issue will comprise a fresh equity sale worth ₹3,750 crore and an offer for sale (OFS) of ₹825 crore by existing investor Norfund, the Norwegian government’s development finance institution.

ReNew Energy Global Plc has achieved the highest environmental, social, and governance (ESG) score among India’s power generation companies in S&P Global’s latest Corporate Sustainability Assessment. The recognition marks a significant milestone for the renewable energy major, underscoring its strong sustainability credentials, transparent governance, and commitment to responsible business practices.

Schneider Electric, the global leader in energy management and automation, has announced the appointment of new directors to its board, signaling a strategic move to bolster corporate governance and drive sustainable growth. The appointments bring a mix of industry expertise, technological insight, and international business experience, aligning with the company’s focus on innovation, digital transformation, and decarbonization initiatives.