NHPC has announced the commercial operation of the fourth unit of its Subansiri Lower Hydroelectric Project. This marks a significant milestone for the 2,000 MW project. With four units now operational, the company is progressing towards completing the remaining units. The Subansiri Lower project is India’s largest hydroelectric undertaking.
State-owned Coal India Limited has commissioned a 100 MW solar power project in Gujarat. This marks a significant step in the company’s renewable energy expansion. The project received its commissioning certificate from Gujarat Energy Development Agency. This development comes as Coal India aims to increase its solar capacity. The company is working towards becoming a…
If crude oil prices remain elevated, Indian oil companies might find themselves under financial pressure. Delaying adjustments to fuel prices could impact their profits and cash reserves. Fitch Ratings warns that sustained high prices, rather than brief surges, present the greatest threat to credit ratings. Performance among companies will differ based on their operational strategies…
Reliance Industries will shut a crude unit and secondary units at its 660,000 barrels per day refinery for three to four weeks. This maintenance is scheduled for later this month. The shutdown will begin around mid-May. This timing follows Nayara Energy’s planned resumption of operations at its refinery. The move aims to prevent any fuel…
The West Asia conflict has exposed India’s vulnerability to energy shocks, prompting calls to reduce crude oil imports and boost energy security. An RBI MPC member stressed the need for increased domestic exploration and a faster transition to alternative energy sources to sustain economic growth amidst rising import bills and inflation.
Iran’s chief negotiator in talks with the United States warned on Tuesday that his country has “not even started” in its standoff over the Strait of Hormuz. “We know full well that the continuation of the status quo is intolerable for America; whilst we have not even started yet,” Mohammad Bagher Ghalibaf said in a…
Ship traffic has shifted away from the Strait of Hormuz, with hundreds of vessels clustering near Dubai as tensions rise between the US and Iran. Despite a ceasefire, both sides have exchanged fire, and Iran has expanded its control zone, warning ships through radio broadcasts while attacks near Fujairah added to concerns.
Reliance Industries is increasing liquefied petroleum gas production. The company is reducing output of alkylates, a gasoline-blending component. This move aims to compensate for lost LPG imports from Middle Eastern countries. India faces a severe cooking fuel crisis. The government has directed refiners to maximize LPG production. This is to ensure supply for households.
India imports about half of its natural gas requirement, which is used to generate electricity, make fertiliser, convert into CNG to run automobiles, piped to household kitchens for cooking and used as feedstock in a variety of industries. This gas is imported in its liquid form, called LNG, in ships from countries like Qatar and…
India will not compensate state-run fuel retailers for losses incurred by selling transport fuels below market prices. While companies have increased prices for industrial customers and jet fuel for foreign carriers, retail prices for gasoline, gasoil, LPG, and jet fuel for Indian carriers remain unchanged. The government prioritizes protecting retail consumers.