Petronet LNG is seeking a ₹120 billion ($1.4 billion) loan to fund a petrochemical plant in Dahej and an LNG terminal in Gopalpur. SBI Capital Markets is advising the deal, with Axis Bank, SBI, and Union Bank likely participants. If approved, it would be among India’s biggest rupee loans this year, diversifying Petronet’s earnings beyond…
Speaking on the sidelines of the St Petersburg International Economic Forum on Thursday (local time) Putin said Moscow and New Delhi were aiming for more ambitious economic targets as trade between the two nations continues to grow. “We are not only talking about our plans in energy, including nuclear energy. Kudankulam Nuclear Power Plant (KKNPP)…
India is prioritizing grid readiness for its growing clean energy ambitions. COP30 discussions highlight the need for robust transmission, energy storage, and local manufacturing. Hitachi Energy is a key player in developing high-voltage direct current links and advanced grid solutions.
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…
Jammu and Kashmir is reviving the 120-year-old Mohra Power Project. This historic hydroelectric facility shut down in the 1990s. The government is accelerating power generation efforts. The project’s revival holds historical and symbolic value. It is a significant piece of Kashmir’s engineering heritage.
Indian state refiners, including Indian Oil Corp, have resumed exploring purchases of Russia’s Urals crude oil. This decision follows a widening of discounts, prompting renewed interest after a pause in purchases last month when discounts had narrowed. The move occurs ahead of a significant meeting between U.S. and Russian leaders, potentially influencing global oil market…
Hit by EU sanctions due to Rosneft’s stake, Nayara Energy offered its export volumes of petrol and diesel to Indian state-run refiners. The company, operating its refinery at 80% capacity, reiterated its commitment to India’s energy security. Nayara plans to invest ₹70,000 crore in petrochemicals, ethanol plants, and infrastructure expansion, despite the challenges.
Following EU sanctions on Rosneft-part-owned Nayara Energy, the Indian refinery has tightened its sales conditions, now requiring advance payments or letters of credit for naphtha shipments. This shift highlights the wider impact of escalating restrictions against Russia-linked energy as India becomes a key destination for Russian crude, while the EU previously remained a market for…
Amid concerns over the use of ethanol-blended petrol, Union Minister of Road Transport and Highways Nitin Gadkari said after extensive testing, no adverse impact has been found in cars where ethanol mixed petrol is used.
Andhra Pradesh government has cancelled Adani Green Energy Ltd’s (AGEL) 1,200 MW Kurukutti and 1,000 MW Karrivalasa pumped hydro storage power projects at the company’s request, citing boundary disputes between Andhra Pradesh and Odisha. AGEL requested cancellation and a refund of facilitation charges, which may be adjusted towards other projects.