Reliance Infrastructure has secured an arbitration award of Rs 526 crore against Aravali Power Company Ltd. This favorable outcome stems from the arbitral tribunal’s decision, which deemed the termination of their contract invalid. The award covers consequential claims, marking a significant victory for Reliance Infra following the 2018 dispute.
India is poised to increase its reliance on West Asian oil suppliers like Saudi Arabia, the UAE, and Iraq, as the US intensifies pressure on Russian crude imports. This shift comes as discounts on Russian oil narrow and the US imposes higher tariffs. While Russian oil imports will continue, India aims to diversify its sources…
The Ministry of Petroleum and Natural Gas asserts that E20 fuel enhances acceleration and reduces carbon emissions by approximately 30% compared to E10, with minimal impact on mileage. Dismissing concerns about insurance validity, the ministry highlights the program’s benefits, including reduced crude oil imports, increased farmer incomes, and significant CO₂ emission reductions.
Nayara Energy faces significantly reduced crude imports this month due to EU sanctions, impacting refinery operations and product exports. The company is struggling with payment challenges and seeking government assistance as domestic shippers withdraw support. To maintain operations, Nayara is relying on dark-fleet vessels and exploring alternative transportation methods.
An Indian diesel cargo is on its way to China. This marks the first such shipment since April 2021. The EM Zenith departed from Nayara’s Vadinar terminal. EU sanctions on Rosneft-backed refinery complicated payments for Nayara. The vessel initially headed to Malaysia but changed course. It is now destined for Zhoushan, China.
The oil ministry has rejected calls to lower the price of ethanol-blended petrol, stating that ethanol’s procurement cost is now higher than petrol. While ethanol has lower energy content, potentially reducing fuel economy, the ministry argues that efficiency drops are marginal, especially in vehicles designed for ethanol blends.
CG Power’s US subsidiary, CG DE SUB, LLC, has partnered with Flanders Electric Motors Service to enhance capabilities and expand in the USA rail market. This collaboration aims to leverage local expertise, offering superior products and services with competitive pricing and faster turnaround times. The partnership positions both companies to lead the future of rail…
Sterlite Electric Ltd has secured orders worth Rs 1,500 crore in Q1 FY’26, driven by green energy projects and exports. The company’s advanced conductors, power cables, and OPGW products are in high demand across domestic and international markets. Sterlite Electric is strengthening its global presence with exports to various regions.
President Trump has imposed a 50% tariff on Indian exports, pressuring India to stop buying Russian oil. Former RBI Governor Raghuram Rajan says India can handle cutting Russian oil but warns the political fallout would be severe, as public pressure to bow to the U.S. would be unpopular. Tariffs risk harming trade and pushing India…
Chinese refiners are reducing Saudi oil orders, hinting at a shift towards Russian crude due to its competitive pricing. While China defends its Russian oil imports as legitimate, the US has pressured India with tariffs over similar purchases. India, in turn, criticizes the West’s double standards, highlighting their continued trade with Russia.