A fire broke out at the HPCL Rajasthan Refinery in Pachpadra. The blaze was likely caused by a hydrocarbon leak. Emergency teams quickly controlled the situation. No injuries were reported. The refinery’s Crude Distillation Unit was isolated. Prime Minister Narendra Modi’s visit to dedicate the refinery has been postponed. An investigation is underway.
State-owned fuel retailers IOC, BPCL and HPCL posted a combined profit of Rs 16,184 crore in Q1 FY26, more than two-and-a-half times higher than last year, helped by strong petrol and diesel marketing margins despite crude oil price declines.
Nine bidders, including Adani Power and JSW Energy, have submitted formal offers ranging from Rs 3,000 crore to Rs 4,000 crore for GVK Energy’s operational 330 MW Alaknanda hydro power plant. The plant, with a PPA until 2045, has significant debt, with unsecured creditors holding the majority of claims.
NTPC achieved a record capacity addition of 9,619 MW in fiscal year 2025-26. The company generated 432.2 billion units of electricity. Renewable capacity addition reached 5,488 MW. Coal production saw a 6.22 percent year-on-year growth. Power trading also experienced a 13 percent increase. NTPC is expanding its diversified portfolio and aims for 149 GW total…
Concerns over fuel, shipping, and fertilizer supplies dominated a Parliamentary panel meeting. Officials assured adequate fuel reserves and fertilizer availability for the Kharif season. However, 37 Indian ships are stranded in West Asia due to the Strait of Hormuz closure. Cargo insurance premiums have risen sharply. The government is addressing these issues amid ongoing global…
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 is expanding its network of ethanol fuel stations across Delhi-NCR, Pune, Mumbai, and Nagpur. This initiative aims to significantly reduce the country’s reliance on imported fossil fuels. The government plans to increase the number of these stations to 500 by the end of 2026 and anticipates 5,000 by 2027. This move supports cleaner fuel…
Iran war: Tankers are using stealth to exit the Strait of Hormuz, freeing oil trapped in the Gulf. The practice of ships going dark is widespread. This makes it harder to gauge market flows. Oil on water in the Gulf has dropped. This shows outflows are inching higher. The market may not return to normal.
India’s T&D sector is poised for sustained growth, driven by an estimated INR 9 trillion capex through 2032. Despite temporary ordering slowdowns due to high capacity utilization and longer lead times for high-voltage transformers, a positive outlook remains. Global demand surges, particularly in the US and Europe, present significant export opportunities for Indian manufacturers.
Prime Minister Modi announced India’s ambitious plan to increase nuclear power generation capacity tenfold in the next two decades, aiming for energy independence. The nation has opened the nuclear power industry to the private sector and is reforming the Atomic Energy Act to facilitate this growth.