Moody’s Ratings has affirmed Baa3 credit ratings for Adani Energy Solutions entities. This includes Adani Transmission Step-One Ltd, Adani Transmission Restricted Group 1, and Adani Electricity Mumbai Ltd. The rating agency maintains a negative outlook. This is due to governance risks linked to legal proceedings involving Adani Group executives.
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.
NTPC Ltd., India’s largest power producer, is identifying 30 potential sites across five to six states for new nuclear power projects. This move aligns with India’s goal of achieving 100 gigawatts of nuclear capacity by 2047. NTPC aims to select locations by mid-year, paving the way for global tenders.
China is unlocking a new energy frontier with coal rock gas extracted from deep within its coal basins. This ambitious multi-billion-dollar initiative is set to bolster domestic natural gas production while easing its dependence on foreign imports. With PetroChina predicting vast output by 2035, this strategy could position China as a fortress against global energy…
Mitsubishi, the Japanese conglomerate, is poised to exit a power project located in West Bengal, prompting discussions with NTPC regarding the financial implications. The company has tabled an offer for penalties associated with their withdrawal from the incomplete project, while NTPC is advocating for a more substantial settlement. As dialogues continue, both parties are working…
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…
Indian Gas Exchange (IGX) aims to quadruple gas traded volumes to 7% of India’s total consumption by 2030. This growth is fueled by expanding infrastructure, anticipated lower global gas prices, and reforms. IGX also plans new platforms to simplify LNG imports and cater to smaller buyers.
Indian Oil continues its Russian oil imports, guided by economic factors and the absence of explicit government directives. Despite potential US penalties and ongoing Trump-Putin talks regarding Ukraine, the company maintains a steady 22% share of Russian crude in its refining process. The decision hinges on economic viability, with Russian oil currently offered at a…
Nayara Energy, facing EU sanctions as a major buyer of Russian oil, sued Microsoft in Delhi High Court after its services were suspended. Accusing Microsoft of corporate overreach, Nayara argued the abrupt suspension impacted critical operations. Microsoft restored services, leading Nayara to withdraw its petition, with the court granting leave to re-approach if similar issues…