India has successfully maintained full supply of Piped Natural Gas and Liquefied Petroleum Gas for homes. This was achieved by prioritising domestic needs during energy disruptions from the West Asia crisis. Commercial LPG supplies have also been restored significantly. The government implemented measures to manage demand and ensure availability for critical sectors and industries.
The EU’s upcoming ban on fuels refined from Russian crude, effective January 21, could affect Indian exporters like Reliance Industries. Though delayed, the ban’s strict origin rules may target India, a major Russian oil importer. Exporters must now prove crude origin, complicating shipments. Reliance shares fell 3.3% amid concerns, despite a strong quarterly profit and…
Kalpataru Projects International Limited (KPIL) announced securing new orders worth Rs 989 crore in the power transmission and distribution (T&D) sector. With these new orders, the company’s order intake till date in FY26 has reached Rs 7,150 crore. KPIL is equipped to leverage the T&D opportunity given its execution prowess and global expertise.
Airline fuel costs are holding steady even as oil firms take the hit from rising global prices to keep fares manageable for travelers. Meanwhile, the rates for petrol, diesel, and domestic LPG cylinders haven’t changed, providing a buffer for nearly 90% of users against the fluctuations of the international market.
Numaligarh Refinery Limited has secured a significant deal. The company will sell 52,500 Metric Tonnes of Sulphur annually to Progressive Fertichem Private Limited. This marks the first commercial agreement post the refinery’s expansion project. The deal ensures a long-term off-take for the refinery’s Sulphur production. This partnership is expected to boost NRL’s revenue and signals…
Moody’s Ratings has affirmed Baa3 credit ratings for Adani Energy Solutions entities. This includes Adani Transmission Step-One Ltd, Adani Transmission Restricted Group 1, and Adani Electricity Mumbai Ltd. The rating agency maintains a negative outlook. This is due to governance risks linked to legal proceedings involving Adani Group executives.
The government is relaxing sulphur emission rules for coal power plants. This move aims to lower electricity costs by 25-30 paise per unit. Most plants are now exempt from mandatory emission control systems. The decision follows studies showing low sulphur dioxide levels. Officials say this targeted approach balances costs, climate, and compliance. The relaxed norms…
Indian engineering firms are now entering the Middle East’s oil and gas supply chains. Global energy companies are broadening their supplier choices. This opens doors for Indian manufacturers meeting strict standards. Companies like LSI-MECH Engineers are gaining approval. The Middle East continues energy infrastructure investment. Diversifying vendor bases is a priority for global firms.
Indian refiners may face setbacks due to the EU’s 18th sanctions package against Russia, which bans imports of refined products made from Russian crude via third countries. Indian exports to the EU, worth $14.3 billion in FY25, are at risk. The sanctions also lower the crude oil price cap and restrict transport services, limiting market…
Facing increased pressure from Washington, Indian refiners, major buyers of Russian crude, plan to slightly reduce their purchases. This decision comes ahead of a US tariff hike and reflects a balancing act between economic interests and geopolitical considerations.