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.
Larsen & Toubro has secured an ultra-mega contract from Adani Power to establish eight thermal power units, each with 800 MW capacity, totaling 6,400 MW. L&T Energy – CarbonLite Solutions will handle the complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator packages and associated systems.
ONGC plans to invest over Rs 4,600 crore in Andhra Pradesh’s Konaseema District for oil and gas development, including drilling wells and establishing processing facilities. The project requires environmental clearance, with the EAC requesting a biodiversity assessment and restoration plan. This initiative is expected to create direct and indirect employment opportunities.
India’s largest nuclear reactor, Kudankulam Unit 1, has been shut down for scheduled maintenance, potentially increasing power prices in southern regions. The 65-day outage has prompted concerns from Kerala State Electricity Board about worsening peak-hour electricity shortages and driving up short-term power procurement costs. While Unit 2 operates normally, the shutdown highlights challenges in meeting…