India and Sri Lanka initiated conversations about a new oil pipeline, aiming to enhance energy cooperation. They also delved into topics like advancing bilateral relations, collaborative housing developments, and the challenges faced by fishermen. This visit underscored India’s commitment to its ‘Neighbourhood First’ policy, emphasizing its proactive role in regional issues.
Larsen & Toubro’s Power Transmission & Distribution division has won new orders in the Middle East. The company will build extra-high voltage substations. These projects will ensure reliable power supply to major areas. They will also help decongest existing power grids. The orders are for turnkey projects with strict delivery schedules.
State-owned fuel retailers IOC, BPCL and HPCL face widening losses of Rs 18 per litre on petrol and Rs 35 on diesel as prices remain frozen since April 2022. Rising global crude costs, despite excise cuts, have eroded gains, with analysts warning of possible price hikes after state elections.
India faces a cooling crisis as soaring temperatures drive unprecedented electricity demand. While AC sales surge, a safer, cheaper, and more efficient refrigerant, propane (R290), is being held back by outdated regulations. This overlooked solution could significantly ease grid pressure and reduce climate impact, yet its adoption is inexplicably slow.
India’s battery energy storage capacity will see a massive jump in 2026. Capacity is expected to rise nearly ten times from 2025 levels. This surge is driven by a significant number of projects moving from tendering to execution. The year 2026 marks a critical point for the industry. Projects awarded since mid-2023 will become operational.
Former Chief Economic Adviser Arvind Subramanian stated that US strikes on Venezuela are unlikely to significantly impact the global oil market. He noted that prevailing market opinion suggests limited consequences for oil prices, indicating no major disruption to supply or pricing. This comes after the US captured Venezuelan President Nicolas Maduro and his wife following…
India is looking to deepen its energy partnership with Venezuela, with Indian companies expressing readiness to expand their presence. This move is part of India’s strategy to diversify energy sources amid disruptions to global oil supplies caused by the West Asia conflict. Venezuela’s vast oil reserves make it a key player in India’s efforts to…
Iran faces a critical shortage of oil storage. Unused capacity is dwindling, potentially leading to significant production cuts. A US-led blockade is severely impacting exports through the Strait of Hormuz. This situation is contributing to a global oil price rally. Neighboring countries are also cutting output. The full revenue impact for Iran may be delayed.
The Indian LPG carrier Jag Vikram has successfully navigated the Strait of Hormuz. This marks a significant transit for an India-flagged vessel following a US-Iran ceasefire. While Jag Vikram carries vital LPG supplies, other Indian ships remain in the Persian Gulf. Talks are ongoing to ensure safer passage for all. Domestic LPG supplies are stable…
Tata Power has signed an initial agreement with Druk Green Power Corporation to create a training framework for developing 5,000 MW of clean energy capacity in Bhutan.