VFlowTech partners with FITT at IIT Delhi to research vanadium recovery from petcoke, aiming to establish India’s first circular vanadium ecosystem. This initiative converts refinery waste into battery-grade vanadium pentoxide for long-duration batteries, supporting grid stability and renewable energy deployment. With recent funding, VFlowTech advances local R&D and a ‘Made-in-India’ vanadium value chain.
Nayara Energy, an Indian refiner recently sanctioned by the EU, is reportedly shifting to domestic firms after Microsoft suspended its services. The company has condemned the sanctions and has filed a case against Microsoft in the Delhi High Court over the service withdrawal.
Nayara Energy, an Indian refiner backed by Russia, has scaled back operations at its 400,000 bpd refinery due to recent EU sanctions. These sanctions, implemented on July 18, have complicated the export of refined products, leading to storage challenges. Consequently, at least two tankers avoided planned loadings, and a tanker carrying Russian crude was rerouted…
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…
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…
Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with knowledge of the matter said on Friday.
India has achieved its 20% ethanol blending target with petrol, five years ahead of the 2030 schedule. This accomplishment, driven by government policies, has significantly boosted ethanol production and reduced carbon emissions. The program has also provided substantial financial benefits to farmers and distilleries, while saving India considerable foreign exchange costs.
The oil ministry plans to amend the PNGRB Act, bringing oil companies’ dedicated pipelines under the regulatory board’s purview. This move aims to enhance monitoring, ensure safety compliance, and potentially convert these pipelines into common carriers. The goal is to foster fair competition and protect consumer interests by enabling third-party access and regulating transportation tariffs.