Larsen & Toubro has secured an ultra-mega contract from Adani Power to establish eight thermal power units, each with 800 MW capacity, totaling 6,400 MW. L&T Energy – CarbonLite Solutions will handle the complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator packages and associated systems.
ONGC plans to invest over Rs 4,600 crore in Andhra Pradesh’s Konaseema District for oil and gas development, including drilling wells and establishing processing facilities. The project requires environmental clearance, with the EAC requesting a biodiversity assessment and restoration plan. This initiative is expected to create direct and indirect employment opportunities.
India’s largest nuclear reactor, Kudankulam Unit 1, has been shut down for scheduled maintenance, potentially increasing power prices in southern regions. The 65-day outage has prompted concerns from Kerala State Electricity Board about worsening peak-hour electricity shortages and driving up short-term power procurement costs. While Unit 2 operates normally, the shutdown highlights challenges in meeting…
The crude oil market is calm despite U.S. threats to India over Russian oil. Trump imposed tariffs due to India’s oil imports. These tariffs may halt U.S. imports from India. Trump aims to pressure Russia before meeting Putin. India might stop buying Russian oil to avoid tariffs. The market expects India to find alternative oil…