Vedanta’s subsidiary, Talwandi Sabo Power Ltd, must pay approximately Rs 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd. The Supreme Court upheld a penalty for misdeclaration of availability in January 2017. This power plant is crucial for Punjab’s energy needs. The judgment restores an earlier order from the state regulator.
Ghaziabad is launching new 5 kg LPG connections for the economically weaker sections and working class. Eighty-five gas agencies in the district have received 50 cylinders each for distribution. This initiative aims to benefit daily wage labourers, small families, and temporary residents.
An Iranian Armed Forces spokesperson called U.S. restrictions on vessels in international waters “illegal” and said they amount to piracy, warning that Iran will enforce a “permanent mechanism” to control the Strait of Hormuz.
A superyacht linked to sanctioned Russian billionaire Alexey Mordashov, the Nord, transited the Strait of Hormuz, a route severely restricted by Iran. The vessel, worth over $500 million, departed Dubai and arrived in Muscat, with its passage through the blockaded shipping lane raising questions. This event occurs amidst an uneasy ceasefire between the U.S. and…
Maharashtra has signed MoUs with four companies, including Adani Power and Reliance Industries, to attract Rs 6.5 lakh crore in nuclear energy investments. These projects aim to generate 25,400 MW of power and create 1,23,500 jobs, bolstering the state’s clean energy initiatives and contributing to India’s energy-rich nation goal.
India’s power market saw prices surge in late April. High demand, driven by heatwaves, pushed tariffs to the ₹20 per unit ceiling in non-solar hours. The Indian Energy Exchange data shows this trend. This high-price segment allows costlier power sources to meet demand. Peak demand reached a record 256 GW.
The Trump administration let a waiver for Russian oil sales expire. This happened even as the Iran war caused worries about global oil supplies and rising fuel costs. The move ended a short period of eased sanctions on some Russian oil. Countries like India and Indonesia had asked for extensions due to market tightness.
NTPC’s Nabinagar plant in Aurangabad, Bihar, is undergoing a major expansion. Stage II will add three 800 MW units, increasing total installed capacity to over 4,360 MW. This expansion will provide Bihar with an additional 1,500 MW of power. The new units will use advanced technologies to reduce water consumption and improve efficiency. The project…
Oil prices have dropped significantly as markets react to potential peace talks between the United States and Iran. Asian stock markets saw early gains on Monday. President Donald Trump has indicated that a deal is not imminent. The conflict began in February, with a ceasefire observed since April. Mediators are working towards a settlement amidst…
Reliance Industries navigated a volatile energy market in FY26 by diversifying crude sourcing and maintaining operational agility. The company replaced disrupted Persian Gulf contracts and worked on alternative routes for stranded crude, ensuring refinery operations were sustained amidst geopolitical challenges and cost swings.