Uttar Pradesh’s power regulator has put off approving a supply deal with Adani Power’s new $2-billion coal project, citing unclear cost details. Adani Power had won a contract in May to supply 1,500 MW at ₹5.38 per unit, but the regulator said the state utility did not assess how much money the plant would save…
India’s imports of Russian crude oil surged 4% in November to a five-month high of €2.6 billion, making it the second-largest buyer behind China. Refined fuels produced from this crude were significantly exported to Australia, with Jamnagar refinery’s shipments to the country increasing by 69%.
Larsen & Toubro’s Power Transmission & Distribution division has won new orders in the Middle East. The company will build extra-high voltage substations. These projects will ensure reliable power supply to major areas. They will also help decongest existing power grids. The orders are for turnkey projects with strict delivery schedules.
A US-led naval blockade on Iran has sharply escalated tensions around the Strait of Hormuz, threatening global oil flows, trade routes and geopolitical stability. Oil prices have surged past $100 as shipping risks, insurance costs and supply disruptions ripple across markets. While enforcement remains complex and legally contested, the bigger risk lies in escalation and…
Adani Total Gas Ltd (ATGL) has reduced CNG and domestic piped natural gas prices by up to Rs 4 across multiple markets. This follows a tariff reform by PNGRB, simplifying gas transportation charges and lowering input costs for distributors. The move aims to make natural gas more affordable and accelerate cleaner fuel adoption.
West Asia War: Oil companies face a 30-50% drop in diesel sales to bulk customers. Large buyers are now purchasing fuel from retail pumps where prices are about ₹50 per litre cheaper. This shift is extending losses for oil marketing companies. State transport corporations are exempt from these higher bulk prices. The price gap is…
Prime Minister Modi is set to visit Gujarat on August 25 and 26 to inaugurate and lay the foundation for development projects in power distribution and revenue services. These initiatives, totaling over Rs 1,218 crore, aim to modernize infrastructure, improve electricity reliability for over 4.25 lakh consumers, and streamline revenue services for citizens.
Commercial shipping traffic through the Strait of Hormuz nearly came to a halt on Thursday as fears of renewed military escalation between the US and Iran intensified. Ship-tracking data showed no commercial vessels crossing the key oil chokepoint Thursday morning after only six two-way crossings on Wednesday.
India’s electricity demand experienced a nearly 1.5% drop in the April-June quarter, the first decline since the 2020 pandemic. A cooler summer reduced air conditioner usage, impacting coal-fired power plants, while renewable energy sources saw a significant surge. This shift raises concerns about forecasting future consumption and planning infrastructure investments due to climate variability.
India’s peak power demand may not reach the projected 277 GW this summer. Intermittent rains have reduced the need for cooling appliances. Ghanshyam Prasad of the Central Electricity Authority shared this update. The government had projected this demand for 2025-26. However, continuous rainfall has kept power demand lower than expected.