Ola is the sole battery production linked incentive beneficiary with established capacity. Union minister H D Kumaraswamy informed the Lok Sabha. Ola’s current battery manufacturing capacity under the scheme is 1 GigaWatt hour. Other beneficiaries like Reliance New Energy and ACC Energy Storage have no current capacity. The center plans to support 50 GWh advanced…
In a significant move, the US has lifted import duties on India’s petroleum exports, allowing for smoother trade flows. Meanwhile, the details of Donald Trump’s potential penalties regarding India’s energy and defense relationships with Russia remain unclear.
Russian crude oil shipments to India are projected to reach a three-year low in December, with deliveries anticipated around 1.1 million barrels daily. This dip follows increased US scrutiny on energy trade, impacting buyer confidence. However, a rebound is expected early next year as Reliance Industries resumes purchases, potentially boosting volumes.
A long-standing financial disagreement between the Indian government and Reliance Industries Limited (RIL) regarding the KG-D6 oil block may reach a conclusion in early 2026. The dispute involves a USD 247 million claim by the government for a higher share of profits from the gas field. This legal process is currently in its final stages…
A U.S. waiver allowing countries to buy sanctioned Russian oil at sea has been extended for another month. This extension will affect an additional 100 million barrels of Russian oil. The total volume impacted by waivers now stands at 200 million barrels. Kirill Dmitriev, a special envoy, noted active political opposition to the waiver’s extension.
India faces a significant challenge with approximately 1.3 million transformer failures each year. Poor repairs, unbalanced loading, and weather are major culprits. Some northern states report over 20 percent failure rates. Industry experts propose modern sealing and insulation testing. A government committee is reviewing these issues to improve power sector reliability.
Britain has imposed sanctions on 135 Russian shadow fleet oil tankers, targeting vessels used to evade restrictions and fund Moscow’s war in Ukraine. The move also includes sanctions on two firms linked to oil transport. The UK aims to curb Russia’s $24 billion oil trade since 2024 and tighten economic pressure as Russia continues its…
Facing EU sanctions due to Rosneft’s stake, India’s Nayara Energy is reportedly utilizing a ‘shadow fleet’ to import oil and export refined fuels. This fleet, estimated at a fifth of global tankers, helps circumvent Western sanctions by obscuring vessel identities and routes.
Gujarat has approved a supplemental power purchase agreement with Tata Power. This paves the way for the 4,000-MW Mundra power plant to restart operations soon. The agreement revises commercial terms to address cost pressures. This move will ensure operational stability for the project. It also secures power supply for Gujarat ahead of peak summer demand.
India is phasing out petrol and diesel vehicles. Union Minister Nitin Gadkari stated there is no future for these fuels. Manufacturers must switch to cleaner alternatives. Hydrogen and ethanol are highlighted as key fuels. India is already producing ethanol from various sources. Pilot projects for hydrogen trucks and buses are underway.