Bharat Petroleum Corporation Ltd is considering establishing a greenfield oil refinery and petrochemical complex near Ramayapatnam Port in Andhra Pradesh to meet India’s growing energy demands. The company is evaluating the project’s feasibility, anticipating a significant expansion of its refining infrastructure. BPCL aims to achieve net-zero emissions by 2040 and is investing heavily in renewable…
India’s crude oil imports fell 8.7% in July to 18.56 million tons—the lowest since February 2024—while fuel demand also dropped 4.3%. Year-on-year, crude imports declined 4.3% and product imports 12.8%. The fall may reflect U.S. tariff threats over Russian oil purchases. India plans to address U.S. trade ties openly, even as refiners resume discounted Russian…
India’s renewable energy sector is rapidly expanding, exceeding expectations for 2030 green goals, driven by solar and wind power growth. Executives highlighted skill gaps and payment risks as challenges, while emphasizing the need for hybrid projects and energy storage for reliable power.
India’s Ambassador to Russia, Vinay Kumar, has criticized the US decision to increase tariffs on Indian imports due to New Delhi’s purchase of Russian oil, deeming it unfair. India will continue to prioritize its energy security by securing the best deals on oil, while also focusing on expanding exports to Russia in sectors like electronics…
State-owned fuel retailers IOC, BPCL and HPCL posted a combined profit of Rs 16,184 crore in Q1 FY26, more than two-and-a-half times higher than last year, helped by strong petrol and diesel marketing margins despite crude oil price declines.
Sanctions imposed by the EU and the US are affecting Nayara Energy’s EPC work, leading Technip Energies and PT Timas Suplindo to withdraw from tenders. This is due to Rosneft’s significant stake in Nayara Energy, even though the company isn’t directly sanctioned. Nayara Energy may now seek domestic and other regional EPC players to complete…
Prime Minister Modi is set to visit Gujarat on August 25 and 26 to inaugurate and lay the foundation for development projects in power distribution and revenue services. These initiatives, totaling over Rs 1,218 crore, aim to modernize infrastructure, improve electricity reliability for over 4.25 lakh consumers, and streamline revenue services for citizens.
External Affairs Minister S Jaishankar defended India’s energy ties with Russia, asserting that oil purchases serve both national and global interests by stabilizing prices. He emphasized India’s independent decision-making amid ongoing trade discussions with the United States, highlighting the commitment to protect the interests of farmers and small businesses.
Narendra Modi launched the first unit of SJVN’s thermal power project in Bihar. The Buxar Thermal Power Project has an investment of Rs 13,756.56 crore. The project will generate 9,828.72 million units of electricity annually. Bihar will receive 85 per cent of the power. The project will enhance power availability in Bihar. It will also…
India’s peak power demand may not reach the projected 277 GW this summer. Intermittent rains have reduced the need for cooling appliances. Ghanshyam Prasad of the Central Electricity Authority shared this update. The government had projected this demand for 2025-26. However, continuous rainfall has kept power demand lower than expected.