Energy & Petroleum News Today

Electric mobility is crucial for India's ecological and growth trajectory. Schemes like PM E-DRIVE, backed by a ₹10,900 crore outlay, support EV expansion and sustainable urban transport solutions.

The power ministry will launch the national electricity data sharing framework this month to provide utilities with clear data structures, supporting startups, grid operations, and research through standardized datasets.

A 15-year-old labourer died of electrocution at an Ahmedabad construction site on October 11 after stepping on an exposed wire in a waterlogged area. Police filed a case against the contractor and supervisor.

Electrifying 50% of vehicles could save foreign currency and strengthen the rupee by 20 against the dollar. Initial purchase costs are recovered within three years, supported by renewable energy and battery swapping.

Nepal Prime Minister's upcoming India visit will prioritize energy agendas, focusing on the 750 MW West Seti and 450 MW Seti River-6 hydropower projects involving India's NHPC, alongside cross-border electricity trade expansion.

Energy In Motion inaugurated a ₹500 crore electric truck complex in Pune with a 5,000 vehicle annual capacity per shift, aiming to generate over 2,000 jobs and expand charging networks.

Astranova Mobility's lending arm, NovaFusion Capital, received RBI's NBFC licence and targets Rs 5,000 crore in assets under management within five years, focusing on commercial electric vehicle financing.

India's booming solar sector drives demand for solar cables, with plant setup costs ranging from INR 5-300 crore. Operating with a 5-10% net margin, success requires BIS certification and effective copper price management.

Union Minister Manohar Lal highlighted the government's push for an AI-enabled power grid to manage demand forecasting across generation and transmission, targeting a 70 GW capacity addition in FY 2026-27.

BYD India expanded its retail network to 49 outlets by opening a second showroom in Pune, alongside introducing the SEALION 7 Dynamic electric SUV priced at 41.90 lakh.