Power Mech Projects has secured a significant order worth Rs 370.84 crore from Mahan Energen, a subsidiary of Adani Power, for civil works at the Mahan Phase-III project in Singrauli, Madhya Pradesh. The project involves crucial infrastructure development for BTG units and related systems. The company is expected to complete the project within 30 months…
Electricity bills in Uttar Pradesh will see a 10% increase starting June. This rise is due to a fuel surcharge reflecting higher fuel and power purchase costs. The Uttar Pradesh Power Corporation Limited is implementing this change as per new regulations. Consumers will pay more for electricity usage in the upcoming billing cycle.
The Donald Trump administration has issued a short-term waiver allowing countries to continue buying sanctioned Russian oil loaded on ships until May 16, aiming to stabilise global energy prices amid the US-Israeli war on Iran.
The oil and gas sector is poised for a strong operational performance in Q3FY26, with aggregate EBITDA projected to rise 17% year-on-year. This growth is primarily driven by downstream and city gas segments, despite a weaker upstream performance. Refining and marketing segments are expected to outperform due to improved gross refining margins.
Indian Oil Corporation and Bharat Petroleum Corporation have purchased a significant amount of non-Russian crude oil. The state refiners acquired at least 22 million barrels for delivery in September and October. This move follows pressure from the United States to reduce reliance on Russian oil. The purchases include crude from the U.S., Brazil, Libya, Middle…
Adani Electricity Mumbai, Tata Power Delhi Distribution, and Noida Power Corporation lead the nation’s electricity distribution companies in FY25, according to a Power Finance Corporation report. The rankings assess institutional capability, financial sustainability, operational efficiency, and service delivery. Power Minister Manohar Lal emphasized coordinated efforts for affordable and efficient power, alongside renewable energy transition and…
PFC has secured a EUR 150 million loan from KfW to support India’s Revamped Distribution Sector Scheme (RDSS). This collaboration aims to improve the operational and financial efficiency of power distribution companies nationwide. The partnership between PFC and KfW strengthens Indo-German cooperation in the energy sector, advancing the shared goal of accelerating energy transition and…
Kalpataru Projects International Ltd, KPIL, has announced new orders totaling approximately Rs 4,439 crore for its Transmission and Distribution business. These significant contracts span projects in Africa, India, and Sweden. This achievement surpasses KPIL’s annual order intake target of Rs 26,000 crore, highlighting the company’s strong performance in the power transmission and distribution sector.
India will reduce its export duties on petrol, diesel, and aviation turbine fuel (ATF) starting June 1. The new rates are 1.5 rupees per litre for petrol, 13.5 rupees for diesel, and 9.5 rupees for ATF. These revisions are made fortnightly based on international crude oil and fuel prices.