India’s move into nuclear power generation is sparking demand for expert guidance. Private sector companies entering this field need technical and policy support. An independent body is proposed to assist new players with design, engineering, and operational strategies. This will help manage the growing interest in nuclear energy, especially for indigenous reactor technologies.
Nayara Energy, backed by Rosneft, has denounced the EU sanctions as unjust and harmful to India’s interests, reaffirming its commitment to invest Rs 70,000 crore in downstream projects. The company argues the sanctions threaten India’s energy security by disrupting petroleum product supplies.
Global oil stockpiles are shrinking at a record pace this month, with visible crude and fuel inventories falling by 8.7 million barrels daily. This sharp drawdown reflects severe supply disruptions tied to the Middle East conflict, leading to a tightening market and concerns about future availability.
Reliance Industries navigated a volatile energy market in FY26 by diversifying crude sourcing and maintaining operational agility. The company replaced disrupted Persian Gulf contracts and worked on alternative routes for stranded crude, ensuring refinery operations were sustained amidst geopolitical challenges and cost swings.
Bharat Petroleum Corporation Limited has appointed Pushp Kumar Nayar as its new director for human resources. Nayar brings over 35 years of experience in various roles within the company. He has a strong background in retail, lubricants, and human resources. His expertise includes operational excellence and market expansion. Nayar is also involved in leveraging analytics…
India’s electricity regulator is reviewing power exchange transaction fees. A fixed fee of 1.5 paise per unit is being discussed for most trades. Lower fees for longer-term contracts are also under consideration. This move aims for greater transparency and predictability for market participants. The regulator is also planning market coupling from 2026. This could benefit…
Oil prices could skyrocket to $150 a barrel if the US proceeds with a planned blockade of the Strait of Hormuz, a move that could disrupt up to 12 million barrels per day. Brent crude already surpassed $103 following failed talks with Iran, with traders deeming a full blockade unlikely despite escalating tensions and naval…
Indian refiners are making payments for Iranian oil using Chinese yuan. This is happening through ICICI Bank’s Shanghai office. Indian Oil and Reliance have bought shipments under a temporary U.S. sanctions waiver. This payment method has not been previously reported. India has also used yuan for Russian oil. The U.S. waiver on Iranian oil is…
India’s power consumption saw a slight increase of 2.6 percent in July, reaching 153.63 billion units. This growth was less than expected due to heavy rains reducing the need for cooling appliances. Peak power demand dipped slightly to 220.59 GW in July. The monsoon arrived early, impacting electricity use across the country.
India is contemplating a comprehensive overhaul of its atomic energy laws, including the CLND Act, to attract private investment and achieve ambitious nuclear energy targets. The revamp aims to address the unlimited liability concerns of suppliers, potentially capping their liability and establishing a nuclear fund with government support.