India’s electricity demand has hit an all-time high of 260.5 gigawatts. This record was set on Tuesday as heat waves gripped the nation. The demand is rising sharply even before the peak summer months. This surge underscores the growing need for electricity. The government is prepared for higher demand.
India’s power demand is set for a significant rise of 5.0-5.5 percent in 2026-27. This growth will be fueled by industrial, commercial, agricultural, and household sectors. Emerging sources like electric vehicles and data centers will also contribute. Thermal plant utilization will stay steady. Distribution companies face challenges with high debt and muted tariff hikes, impacting…
Russian Foreign Minister Sergey Lavrov has assured India that energy supply agreements will be completed. He stated that relations between Russia and India are based on deep friendship. Lavrov praised Prime Minister Narendra Modi as an energetic leader. He pledged that unfair competition will not harm their energy deals.
Maharashtra has become the first state to join the Centre’s nuclear power generation initiative, signing an MoU between Mahagenco and NPCIL. This partnership aims to provide clean, reliable, and uninterrupted power, crucial for India’s economic growth and its 2047 development targets. The move supports Maharashtra’s status as India’s data centre capital, requiring continuous clean energy.
Adani Electricity Mumbai, Tata Power Delhi Distribution, and Noida Power Corporation lead the nation’s electricity distribution companies in FY25, according to a Power Finance Corporation report. The rankings assess institutional capability, financial sustainability, operational efficiency, and service delivery. Power Minister Manohar Lal emphasized coordinated efforts for affordable and efficient power, alongside renewable energy transition and…
India’s power sector is positioned for a sustained growth trajectory with a medium-term forecast set at a 5-6 per cent CAGR, supported by the convergence of electrification, data centers, cooling loads, and manufacturing sectors. According to a Citi Research report, the country is currently witnessing its first-ever multi-vector capital expenditure upcycle that spans thermal, renewables,…
Indian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola, and Nigeria increased. Russia remained a key supplier, though its share saw a dip. The UAE and Saudi Arabia saw increased imports. Overall oil imports in April remained steady but decreased year-on-year. Brazil and Venezuela…
Following EU sanctions on Rosneft-part-owned Nayara Energy, the Indian refinery has tightened its sales conditions, now requiring advance payments or letters of credit for naphtha shipments. This shift highlights the wider impact of escalating restrictions against Russia-linked energy as India becomes a key destination for Russian crude, while the EU previously remained a market for…
Hotels and restaurants are facing a severe blow due to a significant hike in commercial LPG cylinder prices. Industry associations are urging the government to intervene and roll back the price increase. This escalation in operating costs threatens further closures and job losses in the hospitality sector, a key employment generator.
Indian oil companies face significant financial strain. LPG under-recoveries may reach Rs 80,000 crore by FY2027. Supply disruptions and high global prices impact profitability. Fertiliser costs are rising sharply, requiring increased government subsidy. Chemical and gas sectors also see margin pressures. Elevated costs will affect downstream sectors in FY2027.