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Energy & Petroleum News Today

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PLI scheme for rare-earth permanent magnets

PLI scheme for rare-earth permanent magnets

India approved a Rs 7,280-crore PLI scheme for rare-earth permanent magnets to reduce China dependence. It targets five plants, producing 6,000 tonnes annually over seven years, crucial for EVs and defense, despite India's vast reserves.
India aims for 68% renewable and nuclear power capacity by 2032 - what should aluminium smelters do about energy mix?

India aims for 68% renewable and nuclear power capacity by 2032 - what should aluminium smelters do about energy mix?

India targets 68% renewable and nuclear power by 2032, with non-fossil fuel capacity over 50%. Aluminium smelters must adopt renewables (29.91% by Aug 2025, 43.33% by FY2030) despite coal reliance and high, uninterrupted power demands.
ALIMCO Launches New Assistive Mobility Products for a 'Sugamya Bharat'

ALIMCO Launches New Assistive Mobility Products for a 'Sugamya Bharat'

ALIMCO celebrated its 53rd Foundation Day, launching new assistive mobility products like a three-wheeler electric scooter and wheelchair clip-on device. This initiative, aligning with 'Sugamya Bharat,' aims to enhance accessible transportation for over 32 lakh beneficiaries.
In Odisha, local economies bear the brunt of coal plant closure

In Odisha, local economies bear the brunt of coal plant closure

Odisha's Talcher economies suffered after a 460-MW coal plant closed in 2021, impacting 120 shops and 879 contractual workers. A new 1,320 MW plant by 2027 offers revival hope, highlighting 'just transition' challenges.
Private Miners Step Up As India Bids For Critical Mineral Independence

Private Miners Step Up As India Bids For Critical Mineral Independence

India's critical mineral independence drive sees private miners step up, with 23 blocks auctioned. The NCMM aims to mobilize Rs 34,000 crore over a decade, attracting players like Hindmetal Exploration and Adani, reducing import dependence.
Royal Enfield to launch four new motorcycles in India; Details here

Royal Enfield to launch four new motorcycles in India; Details here

Royal Enfield will launch four new motorcycles in India within 12 months: Bullet 650 (₹3.5 lakh, 648cc, 47 bhp), Classic 650 Anniversary, and two electric Flying Flea bikes (C6, S6), expanding its premium and EV portfolio.
Tesla To Setup Robust EV Charging Infrastructure In India: Report

Tesla To Setup Robust EV Charging Infrastructure In India: Report

Tesla, entering India in July 2025 with Model Y, plans robust EV charging infrastructure. Currently, it has 16 superchargers and 10 destination chargers across four cities, aiming to expand and address air quality concerns.
Hyundai Ioniq 5 Gets Massive Discounts Up to ₹10 Lakh – Full Deal Breakdown

Hyundai Ioniq 5 Gets Massive Discounts Up to ₹10 Lakh – Full Deal Breakdown

Hyundai Ioniq 5 offers massive discounts up to ₹10 lakh on 2024 models, bringing its price to ₹35-36 lakh. 2025 models get ₹2 lakh off, making this premium EV an unbeatable value in India.
India played leadership role at UN COP30 climate summit, achieved all major goals: Bhupender Yadav

India played leadership role at UN COP30 climate summit, achieved all major goals: Bhupender Yadav

India led COP30 in Brazil (Nov 10-22), achieving all major goals. It secured 29 decisions reflecting its positions on climate finance, just transition, and adaptation, with developed nations tripling adaptation finance by 2035.
Yamaha’s Big Plan For India: 20+ New Models Launch by 2026 End

Yamaha’s Big Plan For India: 20+ New Models Launch by 2026 End

Yamaha plans 20+ new models for India by 2026, including 10 all-new (EVs like EC 06, Aerox Electric) and 20+ facelifts. Targeting 10% sales growth, focusing on premium segments, with EV launches in Q1 2026.

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