Jupiter Wagons Secures Battery Energy Storage System Projects

Jupiter Wagons Ltd (JWL), operating through its energy division JEM Energy, has been awarded a 41 MW/102.5 MWh standalone battery energy storage system (BESS) project by Uttarakhand Power Corporation Ltd (UPCL). JWL partnered with Madhav Infra Projects Ltd for this bid, which was the L1 bidder for Cluster C of UPCL's tender under a tariff-based competitive bidding mechanism. The supply and commissioning of these BESS systems are valued at approximately ₹100 crore.

Additionally, JWL has received the formal Letter of Award from West Bengal State Electricity Distribution Company Ltd (WBSEDCL) for a 50 MW/200 MWh standalone BESS project. This project, secured in August 2026, will be located at the Jeerat 132 kV substation in the North 24 Parganas district of West Bengal.

These developments align with the Union Cabinet's approval of Phase-III of the Green Energy Corridor, which includes provisions for 50 GWh of battery energy storage and enhanced intra-state transmission networks. JEM Energy is expanding its utility-scale portfolio in line with this framework, focusing on substation-level storage solutions. JWL aims to achieve a BESS order book of approximately ₹1,000 crore by FY27, with Jupiter Electric Mobility (JEM) projected to become EBITDA positive in Q3 FY27 and profitable by FY28.

Uranium Corporation of India Limited to Support India's Nuclear Energy Expansion

The Uranium Corporation of India Limited (UCIL) is positioned to contribute to India's nuclear energy expansion plan. This was stated by a senior official during UCIL's Diamond Jubilee Year celebrations in Jaduguda, Jharkhand.

Atomic Energy Commission Member-Finance Seema Jain noted that the milestone marks six decades of UCIL's involvement in uranium mining and processing, and its contributions to the country's nuclear power program. Jain emphasized that UCIL's role will be central as India expands its nuclear energy sector.

UCIL Chairman and Managing Director Kacham Anand Rao stated that the company has established expertise and infrastructure in uranium mining and processing over the past 60 years. This includes strengthening capabilities in technology, safety, and environmental management.

India Distinguishes NPT Stance from Iran's Amidst West Asia Conflict

External Affairs Minister S Jaishankar recently differentiated between the nuclear non-proliferation stances of India and Iran. He noted that while India, as a non-signatory to the Nuclear Non-Proliferation Treaty (NPT), reserves its rights, Iran is bound by its commitments as a signatory state. Iran signed the NPT in 1968 and ratified it in 1970, subjecting its facilities to International Atomic Energy Agency (IAEA) safeguards. India is one of four UN member states that have not signed the NPT.

Speaking at the Munich Leaders Meeting, Jaishankar warned that volatile energy markets pose a direct threat to global daily life, employment, and domestic budgets. He highlighted the immediate concern for energy and trade disruptions caused by the West Asia conflict, which significantly impacts energy-dependent nations. Jaishankar called for an immediate return to established legal principles to restore trade and supply corridors, emphasizing the need for an uninterrupted flow of energy, trade, and mobility.