In December 2025, India’s reliance on Russian fossil fuels dwindled, positioning it as the third-largest purchaser in the market. Key players like Reliance Industries and state-run refineries slashed their crude oil acquisitions, while Turkiye surged ahead, claiming the second spot among importers.
Larsen & Toubro has clarified that oil project tenders in Kuwait, reportedly facing cancellation, were not part of its order book. This statement comes after the company’s shares saw a significant drop. Kuwait is reportedly reviewing oil project tenders worth approximately $8.7 billion due to bids exceeding budgets. L&T was the lowest bidder for tenders…
India is charting a course toward a self-reliant, economically vibrant future under the ‘Kal ka Bharat’ vision, balancing rapid growth, energy independence, and climate commitments. As the world’s third-largest oil consumer and fourth-largest refiner, India aims to increase domestic crude production to 100 MMT, gas output to 100 BCM, and refining capacity to 450 MMTPA…
Nuclear SHANTI law: India tends to build sectors first and regulate them later. With nuclear power, it must do both together. It will save billions by allowing the private sector in, but it must also spend billions on independent laboratories, well-paid inspectors, and real-time monitoring.