ONGC Energy Centre Trust and Engineers India Ltd. have partnered to establish a Helium Recovery Demonstration Plant in Tamil Nadu, valued at Rs 39.42 crore. This plant, utilizing CSIR-IIP technology, aims to extract high-purity Helium from natural gas, addressing India’s import reliance.
The IMF is urging governments to let fuel prices rise, warning that broad subsidies and price caps worsen global energy shocks. Allowing price signals to function encourages demand reduction, which is crucial for market stabilization. Targeted cash transfers are recommended to cushion consumers without distorting global markets.
State-run Coal India is absorbing significant increases in input costs. This move aims to protect consumers from higher coal prices. The company is not passing on the rising costs of explosives and industrial diesel. This ensures power and industrial costs remain stable. Coal India is also compensating contractors for higher diesel prices. This keeps production…
City gas companies are lowering CNG and piped cooking gas prices following a reduction in the domestic natural gas rate for January. This adjustment, driven by a decrease in the Indian crude basket price, sees GAIL Gas and Indraprastha Gas implementing price cuts for consumers. Domestic LPG prices remain unchanged, while commercial LPG sees an…
Vedanta’s subsidiary, Talwandi Sabo Power Ltd, must pay approximately Rs 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd. The Supreme Court upheld a penalty for misdeclaration of availability in January 2017. This power plant is crucial for Punjab’s energy needs. The judgment restores an earlier order from the state regulator.
Two Chinese oil tankers have passed through the Strait of Hormuz. This follows positive comments from U.S. President Donald Trump and Vice President JD Vance. They suggest a resolution to the U.S.-Israeli conflict with Iran is nearing. Oil prices have eased on these developments. Negotiations with Iran are ongoing, with both sides seeking an agreement…
India Ratings and Research (Ind-Ra) projects coal-based power will remain crucial for base load management in the medium term, despite strong renewable capacity additions. Thermal capacity additions are expected to accelerate in FY26, driven by demand expectations. Ind-Ra maintains a stable outlook for thermal, solar, and wind power projects, citing healthy performance and payment trends.
The Trump administration imposed new sanctions on Iran’s newly formed agency controlling shipping through the Strait of Hormuz. This economic pressure campaign aims to force Iran into an agreement to end the war and reopen the vital waterway. The move follows rising energy prices and ongoing diplomatic efforts to resolve the conflict.
Larsen & Toubro has clarified that oil project tenders in Kuwait, reportedly facing cancellation, were not part of its order book. This statement comes after the company’s shares saw a significant drop. Kuwait is reportedly reviewing oil project tenders worth approximately $8.7 billion due to bids exceeding budgets. L&T was the lowest bidder for tenders…