The project will generate 6,869.92 MU of green energy annually on completion, thereby contributing to Government of India’s energy transition initiatives and its Net Zero target by 2070, the source told.
The NCLT Hyderabad has permitted YS Jagan Mohan Reddy’s plea. It directs the cancellation of shares in Saraswati Power and Industries. These shares were transferred to YS Sharmila and Vijayamma. Jagan sought the reinstatement of his and his wife’s names in the company. Sharmila’s advocate stated they will appeal the order.
Indian oil companies face substantial losses on petrol and diesel sales. Elevated crude oil prices are squeezing marketing margins. Cooking gas LPG is projected to incur an Rs 80,000 crore under-recovery this fiscal. Fertiliser subsidies are also set to rise significantly. These pressures impact profitability across various sectors, with relief contingent on easing global tensions…
Petronet LNG, India’s top gas importer, plans to raise ₹12,000 crore via a local currency loan to help fund a ₹20,685 crore petrochemical plant in Gujarat. The company expects to spend ₹30,000 crore over the next few years, with higher capex in FY27. It also approved a ₹6,350 crore LNG terminal in Odisha with a…
India and Southeast Asian nations are boosting biofuel use amid global fuel disruptions. This move aims to reduce reliance on imported oil and manage rising costs. However, challenges remain in developing supply chains and ensuring vehicle compatibility. Experts also highlight environmental concerns related to crop-based biofuel production. The shift towards biofuels is a significant development…
A free trade agreement between India and the UK is set to enhance trade relations. Kartikeya Dube says it will encourage collaboration and investments in the energy sector. The agreement aims to expand trade significantly by 2040. Ninety-nine percent of Indian exports will face zero duties in the UK.
BP already has a similar arrangement for ONGC’s flagship Mumbai High fields, but the latest move significantly expands its role, making it responsible for helping enhance output from fields that account for about 72% of ONGC’s gas production and 60% of its oil output.
Essar Energy Transition achieved record domestic fuel sales in 2025 at its Stanlow refinery. Strong UK demand and an expanded supply network fueled this success. Retail and aviation sectors saw significant growth. Investments in infrastructure and decarbonization are ongoing. The company advocates for refining inclusion in the UK’s Carbon Border Adjustment Mechanism to ensure a…
Induction cooking will significantly boost power demand. Experts predict an increase of 13 to 27 gigawatts. This new demand will be most noticeable during morning and evening peak hours. The government is also arranging additional gas-based power to meet summer demand. Thermal plants are deferring maintenance to ensure supply.
India’s fuel demand growth is set to slow. Price increases for gasoline and diesel are impacting consumers. The trucking sector shows early signs of stress. Analysts predict further price hikes. This slowdown affects global demand. Manufacturing slowdown is reducing truck trips. Fuel sales growth has already moderated.