Vedanta Ltd’s Meenakshi Energy Ltd (MEL) has fully operationalized its 1,000 MW thermal power plant in Tirupati, Andhra Pradesh, within two years of acquisition. The plant, comprising two 350 MW and two 150 MW units, will supply reliable energy to industrial clusters and stable baseload power to grids. This achievement underscores Vedanta’s commitment to India’s…
India is poised to increase its Russian oil imports in September due to discounted prices and refinery outages in Russia caused by Ukrainian attacks. Despite U.S. tariffs and EU price caps, India continues to rely on Russian crude, benefiting from cheaper supplies while facing international scrutiny.
Power Mech Projects has secured a significant order worth Rs 370.84 crore from Mahan Energen, a subsidiary of Adani Power, for civil works at the Mahan Phase-III project in Singrauli, Madhya Pradesh. The project involves crucial infrastructure development for BTG units and related systems. The company is expected to complete the project within 30 months…
Sunsure Energy has partnered with NTPC Vidyut Vyapar Nigam to supply 500 MWh of peak power from a battery energy storage system to Uttar Pradesh Power Corporation. The 15-year agreement involves Sunsure establishing a standalone BESS in Jhansi, delivering on-demand power during peak hours. This agreement marks a shift in India’s energy storage, billing based…
Former RBI Governor Raghuram Rajan has urged India to reconsider Russian oil imports after the Trump administration imposed 50% tariffs on New Delhi’s purchases. Rajan said refiners benefit from profits but exporters bear the tariff cost, calling the move a “wake-up call” for India to diversify trade and reduce reliance on any single partner.
Shell India launches its new brand film, ‘Shell Chale Ban Ke Saathi’. The film marks almost a century of Shell’s presence in India. It highlights Shell’s commitment to India’s energy needs since 1928. The film showcases Shell’s evolution, values, and partnerships. Shell aims to power progress together and build a lower-carbon future. Shell reaffirms its…
Clean Core Thorium Energy (CCTE) is seeking Indian regulatory approvals for its thorium-based fuel technology, backed by a recent US export license facilitated by assurances from Indian atomic energy bodies. CCTE aims for long-term partnerships with Indian state-run companies like NTPC and anticipates private sector collaboration following nuclear energy law amendments.
India’s increased Russian oil imports, saving billions, now face disruption due to new U.S. tariffs, potentially slashing exports and impacting jobs. This strains the delicate balance between India’s vital partnerships with both Russia and the U.S., forcing a recalibration of its foreign policy amid geopolitical pressures and economic concerns. The situation could also embolden China…
Amid trade tensions, US President Trump imposed tariffs on India for purchasing Russian energy, escalating U.S.-India trade disputes. India, now facing high tariffs, defends its oil imports as economically vital. Despite Western sanctions on Russia, India has significantly increased its Russian oil purchases, benefiting from discounted prices and fueling its refining industry.
Indian refiners anticipate no government ban on Russian oil despite US pressure. India is firm on trade talks with the US. Conceding on crude oil would invite more demands. Focus is on projecting strength. Refiners placed lower orders for September. This is due to narrower discounts on Russian crude. Volumes for October may rise.