Less than a week after the US announced a 25% tariff on imports from India “plus a penalty”, Trump on Monday again raised the issue of India buying oil from Russia and profiting from it, adding that he would be “substantially” raising the tariff “paid by India to the USA”.
Coal India Limited aims to supply 900.24 million tonnes of coal by 2026. This is to meet increasing electricity needs and cut down on imports. The company plans to provide most of its coal to the power sector. Coal India also focuses on cleaner technologies and diversifying its business. They are investing heavily in infrastructure…
Despite US pressure and potential punitive actions, India continues to import Russian crude oil. Several tankers discharged millions of barrels at Indian refineries over the weekend. This indicates that these deliveries are proceeding as usual. Refineries like Reliance and Nayara are key recipients, highlighting India’s reliance on discounted Russian oil.
Indian Oil Corporation has purchased seven million barrels of crude oil. The oil is sourced from the United States, Canada, and the Middle East. This purchase follows a pause in buying Russian crude due to narrowing discounts. The bought crude includes US West Texas Intermediate Midland, Canada’s Western Canadian Select, and Abu Dhabi’s Das oil.
India is considering allowing private companies to operate nuclear power plants by setting qualifying criteria focused on financial health, technical expertise, and large-scale project experience. Proposed changes to the Atomic Energy and Civil Liability for Nuclear Damage Acts are under legal review. The move aims to boost clean energy capacity from 8.8 GW to 100…