The Supreme Court will review the Indian Energy Exchange’s challenge to a regulatory order. This order mandates market coupling for power trading. The court refused to halt the implementation of this process. The Indian Energy Exchange argues the order is arbitrary and will harm its market share. The Central Electricity Regulatory Commission is now required…
Two empty supertankers turned back from the Strait of Hormuz at the last moment as US-Iran peace talks in Islamabad collapsed, highlighting ongoing risks in the key oil route. A third vessel was able to pass through, though the reasons for the differing outcomes remain unclear despite prior Iranian approvals.
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…
President Trump faces pressure from Iran’s demands for financial relief and Republican hawks urging a decisive end to the conflict. This has led to fluctuating promises of a deal and threats of renewed military action, complicating efforts to resolve the ongoing war and open the Strait of Hormuz.
NTPC’s Nabinagar plant in Aurangabad, Bihar, is undergoing a major expansion. Stage II will add three 800 MW units, increasing total installed capacity to over 4,360 MW. This expansion will provide Bihar with an additional 1,500 MW of power. The new units will use advanced technologies to reduce water consumption and improve efficiency. The project…
Indian Oil Corporation has secured a significant crude oil purchase. The state refiner bought five million barrels from West Africa and the Middle East. This acquisition includes Angolan Kissanje and Nemba crude for its Paradip refinery. Nigerian Usan crude and Abu Dhabi’s Murban crude were also purchased for delivery to Vadinar and Chennai refineries.
India’s largest nuclear reactor, Kudankulam Unit 1, has been shut down for scheduled maintenance, potentially increasing power prices in southern regions. The 65-day outage has prompted concerns from Kerala State Electricity Board about worsening peak-hour electricity shortages and driving up short-term power procurement costs. While Unit 2 operates normally, the shutdown highlights challenges in meeting…
India’s crude oil and natural gas production continued to decline in 2025-26 due to ageing fields and a lack of new discoveries, increasing import dependence. Despite policy reforms, limited foreign investment and a perception of policy instability hinder exploration efforts needed to revive domestic output.
Reliance Industries has launched its clean energy operations. The company commissioned solar module manufacturing and began advanced work on a battery storage giga-factory. Reliance also significantly increased its contributions to the national exchequer. Jio Platforms accelerated its research and development, filing numerous new patents. The company is focused on enabling India’s energy and digital future.
Oilmax Energy aims for a significant revenue milestone of ₹3,000 crore by 2028-29. The company is expanding its operations across oil, gas, and coal sectors. It is also exploring new areas like coal gasification. This growth strategy is expected to drive substantial financial performance for Oilmax Energy in the coming years.