Jagatjit Industries Ltd has commenced commercial production at its grain-based ethanol plant in Punjab, anticipating Rs 550 crore in annual revenue. The plant, located in Kapurthula district, has a 200 kilolitres per day capacity. The company expects a significant boost to its EBITDA margin and aims to supply 65-70 million litres of ethanol annually to…
Diamond Power Infrastructure Ltd (DPIL) has secured a ₹1,349.11 crore order from Adani Energy Solutions Ltd for the supply of 24,080 AL-59 high-performance conductors. The contract is to be completed by June 2028. DPIL, India’s largest single-location power cables and conductors manufacturer, disclosed the development in a stock exchange filing on Monday.
Indian oil refiners, the top buyers of Russian crude, are exploring alternative sources like Azerbaijan, Nigeria, and the UAE amid fresh EU sanctions on Moscow. While no major shift has occurred yet, purchases from less typical suppliers suggest early diversification. Sanctions on a Russian-linked Indian refiner and tightening global trade dynamics are prompting a reassessment…
Petronet LNG, India’s top gas importer, plans to raise ₹12,000 crore via a local currency loan to help fund a ₹20,685 crore petrochemical plant in Gujarat. The company expects to spend ₹30,000 crore over the next few years, with higher capex in FY27. It also approved a ₹6,350 crore LNG terminal in Odisha with a…
Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with knowledge of the matter said on Friday.
India has achieved its 20% ethanol blending target with petrol, five years ahead of the 2030 schedule. This accomplishment, driven by government policies, has significantly boosted ethanol production and reduced carbon emissions. The program has also provided substantial financial benefits to farmers and distilleries, while saving India considerable foreign exchange costs.
JSW Neo Energy has secured a 25-year Power Purchase Agreement with SECI to supply 230 MW of Firm and Dispatchable Renewable Energy at Rs 4.98 per kWh. This marks JSW Energy’s first FDRE project PPA, boosting its under-construction capacity to 12.9 GW and locked-in generation capacity to 30.2 GW. The company aims to achieve 30…
The oil ministry plans to amend the PNGRB Act, bringing oil companies’ dedicated pipelines under the regulatory board’s purview. This move aims to enhance monitoring, ensure safety compliance, and potentially convert these pipelines into common carriers. The goal is to foster fair competition and protect consumer interests by enabling third-party access and regulating transportation tariffs.
Torrent Power Ltd. is reportedly in discussions to acquire Larsen & Toubro Ltd.’s thermal business unit for approximately $1 billion, including debt. L&T aims to reduce its debt by divesting the unit and concentrating on its core engineering and construction operations. While talks are ongoing, the deal’s details could change, and other potential bidders may…
A free trade agreement between India and the UK is set to enhance trade relations. Kartikeya Dube says it will encourage collaboration and investments in the energy sector. The agreement aims to expand trade significantly by 2040. Ninety-nine percent of Indian exports will face zero duties in the UK.