India has capped refinery margins to manage losses on domestic fuel sales. This follows a windfall tax on fuel exports. The move aims to balance record losses on petrol and diesel due to high international oil prices. Refineries will now effectively transfer excess earnings to state-run marketing companies. This adjustment impacts the pricing of diesel,…
Over the past year, my research has first highlighted the rapidly growing power demand of AI systems, followed by an assessment of the associated carbon and water footprints. Today, my latest research—published in Resources, Conservation & Recycling—addresses another, often overlooked consequence of the expanding AI infrastructure: electronic waste. While this is not the first attempt…
New windfall tax rates on fuel exports take effect from June 1, 2026. Taxes are back on diesel and aviation turbine fuel after a period of nil levies. Petrol exports will also attract a duty. These revisions reflect changes in global oil prices and refiner margins. The government reviews these rates fortnightly.
Tata Power Renewable Energy Limited has secured its first Battery Energy Storage Purchase Agreement with NHPC Limited. This agreement involves setting up a 30 MW / 120 MWh battery storage system in Kerala. The project aims to address peak power demand and enhance grid flexibility. It will also support the integration of renewable energy in…
India has received Iranian oil shipments. This marks the first imports in seven years. The nation is securing volumes before a US grace period ends. Tankers are discharging crude on India’s east and west coasts. This move aims to manage global energy flow disruptions. India is leveraging waivers for previously restricted oil.
NTPC Ltd has awarded Accenture Solutions a contract to conduct feasibility studies for installing small modular reactors at old thermal power stations. This initiative aligns with India’s goal to achieve 100 GW of nuclear energy capacity and repurpose existing infrastructure. The conversion leverages available land, water, and transmission lines, while exclusion zones are a key…
Indian state-owned oil refiners are scaling back Russian crude purchases amid increased pressure from Washington, including tariffs on Indian exports to the US. Companies like IOC, BPCL, and HPCL plan to skip spot purchases until further government guidance. This shift could lead to increased demand for US, Middle Eastern, and African crude as alternatives.
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…
India imports nearly 89 percent of its crude oil. A parliamentary committee highlights this dependence and rising geopolitical risks. It urges the government to diversify oil sources and strengthen risk management. This includes bolstering strategic reserves and developing alternative import routes. Institutionalizing hedging and flexible contracts is also recommended to ensure energy security against future…