CG Power’s US subsidiary, CG DE SUB, LLC, has partnered with Flanders Electric Motors Service to enhance capabilities and expand in the USA rail market. This collaboration aims to leverage local expertise, offering superior products and services with competitive pricing and faster turnaround times. The partnership positions both companies to lead the future of rail…
Adani Power has significantly boosted its long-term installed capacity target to 41.87 GW by FY32, committing approximately Rs 2 lakh crore in capital expenditure. This aggressive expansion, with 23.72 GW already secured, aims to meet India’s projected surge in electricity demand.
Petrol Diesel Price Today in India: Domestic petrol and diesel prices remained stable across most major Indian cities on Saturday, despite firm global crude oil markets driven by geopolitical tensions. India’s oil marketing companies and the government have absorbed rising costs for over two months to prevent retail price hikes, though this arrangement is under…
Jagatjit Industries Ltd has commenced commercial production at its grain-based ethanol plant in Punjab, anticipating Rs 550 crore in annual revenue. The plant, located in Kapurthula district, has a 200 kilolitres per day capacity. The company expects a significant boost to its EBITDA margin and aims to supply 65-70 million litres of ethanol annually to…
A US-led takeover of Venezuela’s oil sector could benefit India by unlocking nearly USD 1 billion in long-pending dues and reviving crude production from its operated fields. Sanctions easing after President Maduro’s removal would allow ONGC Videsh to resume operations and recoup past investments, potentially restoring significant oil flows to Indian refineries.
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.
Petroleum and Natural Gas Regulatory Board directs Delhi gas retailers to implement uniform pricing for piped natural gas. This eliminates tiered pricing based on consumption. The move prevents potential misuse of subsidized gas intended for households. It also addresses concerns about unfair charges for higher consumption. The regulator wants a review of consumption patterns. They…
India is boosting its power generation capacity, focusing on nuclear energy. The nation aims to reach nearly 300 GW next year. Nuclear power is key for long-term energy security, targeting 100 GW by 2047. Tripura is set to receive urban infrastructure projects worth Rs 1,200 crore. Reforms are crucial for growth.
Electricity trade on the Indian Energy Exchange saw a significant rise of 11.9 percent in the October to December quarter. However, renewable energy certificates experienced a notable decrease of 29.8 percent during the same period. The day-ahead market volume saw a slight dip, while the real-time market showed strong growth. The green market also recorded…
Oil prices remained stable as investors weighed potential supply disruptions from Iran’s intensifying protests against efforts to resume Venezuelan oil exports. Rights groups report over 500 deaths in Iran, with at least 1.9 million barrels of its oil exports at risk. Meanwhile, companies are scrambling to secure ships for Venezuelan crude, with initial shipments expected…