SC junks customs demand on Adani Power’s Mundra SEZ supply to domestic market
The Supreme Court has ruled in favor of Adani Power. The company will not have to pay customs duty on electricity supplied from its Mundra Special Economic Zone to the domestic market. The court set aside a Gujarat High Court order. Authorities must refund amounts deposited by Adani Power. This decision covers electricity supplied between…
Petrol, Diesel price hike: Fuel rates increased for fourth time in less than two weeks
Petrol, Diesel price hike Today: Fuel prices have seen another hike. Petrol and diesel rates have gone up, marking the fourth increase in under two weeks. This rise reflects global crude oil price surges and ongoing geopolitical tensions. Oil companies have been facing significant daily losses. India has largely shielded consumers from the full impact…
India may negotiate Iran-backed oil corridors as Hormuz recovery looks distant: Moody’s
India and other nations will seek energy supplies through direct talks. A full return to pre-conflict shipping levels through the Strait of Hormuz is not expected by 2026. This will lead to gradual, but slow and uncertain, improvements in energy transit. Higher and volatile oil prices will impact economies.
Around 12,500 MW BESS projects under tendering
India is boosting its energy storage. Around 12,500 MW of BESS projects are under tender. Another 3,300 MW are in the pipeline. The country aims for 8,500 MWh in two years. Current BESS capacity is around 205 MW. The government targets 3,000 MW of hydro pumped storage this year.
India may soon let consumers choose ethanol-blended petrol based on their cars: Report
Consumers will soon have more choices at petrol pumps across India. New ethanol-blended petrol variants like E20, E22, E25, and E30 will become available. This move aims to reduce crude oil imports and enhance energy security. Vehicle owners can select fuel based on their car’s compatibility.
IGX aims to quadruple gas trading volumes by 2030
Indian Gas Exchange (IGX) aims to quadruple gas traded volumes to 7% of India’s total consumption by 2030. This growth is fueled by expanding infrastructure, anticipated lower global gas prices, and reforms. IGX also plans new platforms to simplify LNG imports and cater to smaller buyers.
Maharashtra reduces VAT on jet fuel from 18% to 7%
Aviation Turbine Fuel tax cut in Maharashtra offers relief to airlines. The state government reduced Value Added Tax to 7% from 18% until November 14. This move comes as airlines face high jet fuel costs due to the West Asia war. The reduction will make Mumbai airport more competitive. Airlines hope for further tax reforms.
Why India’s clean energy push now hinges on grid readiness and storage
India is prioritizing grid readiness for its growing clean energy ambitions. COP30 discussions highlight the need for robust transmission, energy storage, and local manufacturing. Hitachi Energy is a key player in developing high-voltage direct current links and advanced grid solutions.