Arun Singh’s tenure as ONGC chairman is extended by one year. His leadership has stabilized crude production and improved gas pricing. ONGC has seen healthy profits and a significant share price increase. The company is now focused on cost optimization to manage soft crude prices. This strategic move aims to protect margins and sustain investor…
Apraava Energy is the country’s leading integrated energy solutions provider headquartered in Mumbai. It is jointly owned by the CLP Group — one of the largest investor-owned power businesses in Asia and La Caisse (formerly CDPQ), a global investment group.
Russian oil shipments to India surged in late November. This rebound shows Russian suppliers finding new ways to deliver oil. Indian refiners are regaining confidence in these imports. Despite US sanctions, India continues to buy Russian crude. Shipments are moving through indirect routes. This resilience highlights adaptive supply chains and trading patterns.
India’s Nayara Energy significantly boosted fuel exports in November. The refiner shipped double the previous month’s volume to new markets like the Bahamas and Taiwan. Nearly a third of these exports went through ship-to-ship transfer hubs, a common practice to obscure final destinations. This surge follows EU sanctions, with Nayara now relying heavily on Russian…
Numaligarh Refinery Limited (NRL) has been granted Navratna status, recognizing its strong performance and ambitious growth. This achievement is linked to its ongoing refinery expansion and the recently inaugurated bamboo-based bioethanol plant, driving energy security and green growth from Assam. The company is significantly increasing its capacity with a substantial investment.
India’s imports of Russian crude oil fell sharply after tougher US sanctions on major Russian exporters took effect on November 21, with post-deadline flows dropping to around 1.27 million bpd. Although November imports averaged 1.8 million bpd—a five-month high due to pre-sanction stockpiling—arrivals in December are expected to fall to around 1.0 million bpd, with…
SJVN Ltd announced that Sipan Kumar Garg’s additional charge as Director (Finance) has been extended for three months, effective Monday. This extension will continue until a permanent appointment is made or further directives are issued.
Fuel demand trends shifted in November. Petrol sales growth decelerated compared to earlier months. Conversely, diesel consumption saw a significant acceleration. Aviation fuel demand also picked up pace. Liquefied petroleum gas, essential for cooking, continued its steady growth. These changes mark a reversal of the patterns observed throughout the year.
India’s power consumption saw a dip in November. This marks the second month in a row with reduced demand. Favourable weather conditions are the main reason for this trend. Experts point to cooler temperatures reducing the need for cooling. The India Meteorological Department noted weather impacts across several regions.