Indian Energy Exchange (IEX) reported strong electricity volume growth for Q4 FY26, hitting 39.4 billion units, with full-year volumes up 17%. However, profits missed estimates, partly due to lower other income. The company is navigating...
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Reliance Industries and Axis Energy Ventures have been awarded rights to four coal mines that include provisions for Underground Coal Gasification (UCG). This marks India's first commercial coal mine agreements integrating UCG technology...
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India's Ministry of Petroleum & Natural Gas (MoPNG) will permanently adopt its One-Time Password (OTP) system for delivering LPG cylinders, known as the Delivery Authentication Code (DAC). This move, sped up by global supply issues, aims...
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Nayara Energy is restarting its 400,000-barrel-per-day Vadinar refinery in Gujarat by mid-May. The facility, shut for planned maintenance since April 9, had its upkeep delayed from last year due to challenges in obtaining essential parts...
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Bangladesh has commenced loading nuclear fuel into the first reactor at the Rooppur Nuclear Power Plant, marking a significant shift towards nuclear energy. While this project aims to bolster long-term energy security, the nation grapple...
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Six major fossil fuel companies, including ExxonMobil and Shell, are projected to earn $94 billion by 2026, or roughly $3,000 every second. This profit surge happens as world leaders meet to discuss shifting away from fossil fuels, highl...
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Despite government assurances against immediate price hikes, India's state-owned fuel retailers are absorbing significant daily losses, estimated in the billions of rupees. Global crude oil prices have surged over 50% due to geopolitical...
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India's drive for higher ethanol blending in petrol, aimed at bolstering energy security and slashing crude oil imports, is forging ahead despite practical challenges for millions of vehicle owners. While official mileage drops are pegge...
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Brent crude oil rose above $111 per barrel on April 28, 2026. This boosted Indian exploration firms like ONGC and Oil India, whose shares climbed. However, downstream companies such as Indian Oil, Bharat Petroleum, and Hindustan Petroleu...
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Nuclear Power Corporation of India Limited (NPCIL) advanced Kudankulam Unit-3 towards commissioning with the 'Spillage to Open Reactor' phase on April 25, 2026. This marks a critical step in the project's integration into India's ambitio...
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Asia's liquefied natural gas (LNG) imports in March 2026 hit an eight-year low, signaling major supply chain vulnerabilities. The Middle East conflict squeezed exports from Qatar and the UAE, leading to a global drop in LNG shipments. Th...
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Oil India and ONGC saw stock gains, driven by a joint oil and gas discovery in Libya and a surge in Brent crude prices due to geopolitical tensions. Analysts at JM Financial reiterated Buy ratings, highlighting Oil India's growth potenti...
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Oil and Natural Gas Corporation (ONGC) is set to benefit from a global oil supply deficit caused by underinvestment and strong demand. Despite outperforming recently and offering a 4.3% dividend yield, its valuation is above its historic...
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Surging crude oil prices, fueled by the US-Israel-Iran conflict and Strait of Hormuz disruptions, are significantly boosting revenues for Indian upstream oil producers like ONGC and Oil India. Brent crude has risen above $100 per barrel,...
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Shell plc is set to acquire Canada's ARC Resources Ltd. for $16.4 billion, combining equity and debt. The deal adds about 370,000 barrels of oil equivalent per day to Shell's production, significantly expanding its core oil and gas busin...
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Adani Total Gas (ATGL) reported an 8.9% year-on-year profit increase to ₹168 crore for the March quarter, driven by a 13% volume jump. However, operating margins compressed to 17.76% due to an 18% surge in natural gas expenses, mainly fr...
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Adani Total Gas (ATGL) announced a 9% rise in Q4 FY26 net profit to ₹168 crore, with revenue up 17% to ₹1,695 crore. However, full-year profit growth slowed to just 0.2%, showing clear margin pressures. High global gas prices and currenc...
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Adani Total Gas (ATGL) announced robust fourth-quarter results, with revenue climbing 17% year-on-year to Rs 1,695 crore and volumes up 13% to 297 MMSCM. However, consolidated net profit saw a more modest 9% increase to Rs 168 crore. Thi...
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Indian Oil Corporation (IOC) and Oil India have announced a new oil and gas discovery in Libya's Ghadames Basin, marking a significant step in their overseas exploration efforts. The find occurred in Block Area 95/96, where the Indian co...
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Fitch Ratings has affirmed Oil India Limited's (OIL) Long-Term Issuer Default Rating at 'BBB-' with a Stable Outlook. The agency cited strong government backing, evident in the state's 57% ownership and control over key appointments, alo...
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