Andhra Pradesh government has cancelled Adani Green Energy Ltd’s (AGEL) 1,200 MW Kurukutti and 1,000 MW Karrivalasa pumped hydro storage power projects at the company’s request, citing boundary disputes between Andhra Pradesh and Odisha. AGEL requested cancellation and a refund of facilitation charges, which may be adjusted towards other projects.
Nayara Energy, an Indian refiner backed by Russia, has initiated legal action against Microsoft after the U.S. software company abruptly suspended critical services. The refiner has filed a petition in Delhi High Court seeking an immediate resumption of services, alleging restricted access to its data, tools, and products despite holding fully paid licenses.
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…
Diamond Power Infrastructure Ltd (DPIL) has secured a ₹1,349.11 crore order from Adani Energy Solutions Ltd for the supply of 24,080 AL-59 high-performance conductors. The contract is to be completed by June 2028. DPIL, India’s largest single-location power cables and conductors manufacturer, disclosed the development in a stock exchange filing on Monday.
Indian oil refiners, the top buyers of Russian crude, are exploring alternative sources like Azerbaijan, Nigeria, and the UAE amid fresh EU sanctions on Moscow. While no major shift has occurred yet, purchases from less typical suppliers suggest early diversification. Sanctions on a Russian-linked Indian refiner and tightening global trade dynamics are prompting a reassessment…
Petronet LNG, India’s top gas importer, plans to raise ₹12,000 crore via a local currency loan to help fund a ₹20,685 crore petrochemical plant in Gujarat. The company expects to spend ₹30,000 crore over the next few years, with higher capex in FY27. It also approved a ₹6,350 crore LNG terminal in Odisha with a…