The Indian government is considering further easing norms for setting up petrol pumps to boost energy security and promote decarbonization. An expert committee has been formed to review existing guidelines and align them with national commitments to alternative fuels and electric mobility.
Nayara Energy, once a symbol of India-Russia cooperation, faces significant challenges due to sanctions and global disruptions following the Ukraine invasion. These hurdles impact its exports, finances, and expansion plans, forcing a shift towards domestic markets and alternative strategies. The company navigates leadership changes and infrastructure concerns amidst potential ownership restructuring.
The Indian Sugar & Bio-Energy Manufacturers Association (ISMA) defends the E20 ethanol blending program, dismissing claims of vehicle engine damage as misleading. ISMA highlights the program’s benefits for farmers, the economy, and the environment, citing successful implementation in Brazil. The initiative is expected to save India a significant amount in foreign exchange by reducing crude…
Manohar Lal Khattar and Jitendra Singh convened a meeting regarding the 100 GW Nuclear Energy Mission. India aims to boost its clean energy sources. The goal is to increase nuclear energy capacity to 22 GW by 2032. The Bharat SMR program saw strong industry interest. The proposal deadline is extended to September 30, 2025.
Union Petroleum Minister Hardeep Singh Puri on Friday outlined India’s progress in clean energy and domestic fuel production while noting the country’s continued reliance on imports. Speaking at the Pioneer Biofuels 360 Summit, he highlighted the expansion of compressed biogas (CBG) and CNG-compatible vehicles, along with 33.5 crore LPG connections, including 10.5 crore under the…
Tata Power, Adani Power, and JSW Energy are facing a dip in India’s power demand during Q1 FY26 due to the early monsoon, which led to reduced power consumption. Despite this, companies anticipate a demand surge later in the year as the monsoon recedes. JSW Energy mitigated risks by linking its plant with JSW Steel.
Union Minister Ashwini Vaishnaw announced a significant financial boost for oil marketing companies. The government will provide Rs 30,000 crore in budgetary support to address under-recoveries. This decision is driven by the current complex geopolitical landscape and the prevailing uncertainties in the oil and gas sector.
India’s oil import costs may rise if Russian oil purchases cease. A State Bank of India report suggests a potential increase of USD 9-12 billion. Russia currently supplies 10% of global crude. India has significantly increased Russian oil imports since 2022. This shift followed Western sanctions on Moscow. India’s diversified supply network may mitigate the…
Amidst rising US tariffs on India due to its Russian oil trade, Hindustan Petroleum Corp. Ltd. clarifies it has received no governmental directives to alter its Russian oil procurement. This statement follows market rumors suggesting state-owned oil refiners might reduce Russian crude oil spot purchases.
India’s Reliance Infrastructure is set to recover ₹214.13 billion in unpaid dues from its Delhi power distribution companies, following a Supreme Court ruling. These dues, resulting from past tariff shortfalls, will be recovered from consumers over four years starting April 2024, potentially increasing electricity tariffs. The Supreme Court has directed regulators to clear deferred costs…