India targets 359 GW of renewable energy by 2030, expecting a 6% rise in power demand by FY27 driven by industrial growth and climate events like El Nino. To ensure grid stability during this shift, India is also expanding thermal power....
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India aims for 100 GW of nuclear power by 2047, a goal requiring an estimated ₹20 lakh crore investment. The new SHANTI Act aims to attract private and foreign direct investment (FDI) by easing vendor liability. However, the sector faces...
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India's cooking gas (LPG) supply is returning to normal levels, boosted by higher domestic production. This stabilization came after the government prioritized household needs, causing panic bookings and reduced supply for commercial use...
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Daily LPG bookings have dropped below 50 lakh cylinders, returning to normal levels after panic buying related to the West Asia conflict. Supply is stabilizing thanks to increased domestic production (now meeting 58-63% of demand) and se...
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Oilmax Energy is aiming for ₹3,000 crore in revenue by FY29 and ₹500 crore profit, primarily through merging with its subsidiary Asian Energy. The target relies on ₹1,000 crore contributions from each of its three core sectors: resource...
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Bharat Petroleum Corporation Limited (BPCL) has approved a significant $2.8 billion investment in the SEAP-I offshore project in Brazil, following Petrobras's Final Investment Decision on April 13, 2026. The project aims to secure vital...
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NTPC Green Energy Ltd. commissioned 150 MW of solar capacity in Rajasthan, boosting its renewable portfolio to over 10.2 GW. The expansion comes as the company reported a significant 73% year-on-year net profit decline to ₹17.5 crore for...
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India's Competition Commission (CCI) has cleared the Adani Group of antitrust claims concerning a 2019 solar power tender. The regulator found no abuse of dominance or anti-competitive behavior, validating the tender's design and dismiss...
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The Reserve Bank of India (RBI) has directed state-run oil refiners to curb spot dollar purchases and utilize a special credit facility for foreign exchange needs. This move, reminiscent of crisis-era measures, aims to alleviate downward...
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CESC Ltd has finalized Power Purchase Agreements for 600 MW of wind-solar hybrid electricity, committing to long-term contracts of 25 years. These agreements, involving subsidiary Purvah Green Power, are secured at tariffs between ₹3.74-...
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India has approved updated climate goals for 2031-2035, aiming for a 47% cut in emissions per unit of economic output and 60% non-fossil power capacity by 2035. While these targets surpass previous ones, they face major challenges. Exper...
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Europe faces a critical six-week window for jet fuel supply, according to the International Energy Agency (IEA), signaling a deepening global energy crisis tied to Strait of Hormuz disruptions. The shortage threatens flight cancellations...
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Bharat Petroleum Corp. has received final investment approval for its SEAP-I project in Brazil, a key step for energy security and international expansion. The project involves a $2.8 billion investment by BPCL's subsidiary, IBV Brasil P...
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Major Indian liquefied natural gas (LNG) importers are actively buying on the spot market for April-June delivery, drawn by prices below $16 per million British thermal units. This tactical shift follows earlier caution amid high costs....
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