In a statement posted on X on Tuesday, Reliance Industries Limited said a Bloomberg report claiming that “three vessels laden with Russian Oil are heading for Reliance Industries Limited’s Jamnagar refinery” was incorrect. The company said its Jamnagar refinery has not received any Russian crude oil cargo in the past three weeks and is not…
The XUV700 and Thar maker dominates the diesel PV market, with its share projected to increase to 56% this year, from 53% in 2024 and 34% in 2022, according to Equirus Research data.
Jio-BP, a fuel joint venture, will not increase petrol and diesel prices now. This decision comes despite a surge in international oil costs. Other private retailers like Nayara Energy and Shell India have raised their prices. Jio-BP attributes its sales growth to specialized fuel additives. The company assures adequate fuel supplies and normal operations at…
Sources reveal that Indian oil refiners continue to procure oil from Russia, driven by economic factors and adherence to international norms. Despite global concerns and price volatility, India’s strategic sourcing has ensured affordable energy and market stability. While adhering to international frameworks, India’s approach has contributed to global energy stability.
BP is selling a major part of its Castrol lubricants business to Stonepeak for approximately $6 billion. This deal values Castrol at $10.1 billion. BP will keep a 35% stake in a new joint venture. The funds will help BP reduce its debt. This is a key step in BP’s plan to sell assets and…
Patel Engineering has won a major hydro-electric project in Nepal. The contract is valued at Rs 1,593.08 crore. This project is for the Lower Arun Hydroelectric Project. It is scheduled for completion within 54 months. The company is committed to delivering world-class engineering.
Rolls-Royce anticipates its non-governmental power systems business in India will surpass government supplies by 2026-27. This shift is fueled by a surge in demand from data centers, semiconductor manufacturing, and other institutional backup power needs. The company is strategically expanding its presence and local manufacturing capabilities to meet this growing market.
India’s move into nuclear power generation is sparking demand for expert guidance. Private sector companies entering this field need technical and policy support. An independent body is proposed to assist new players with design, engineering, and operational strategies. This will help manage the growing interest in nuclear energy, especially for indigenous reactor technologies.
Union Petroleum Minister Hardeep Singh Puri on Friday outlined India’s progress in clean energy and domestic fuel production while noting the country’s continued reliance on imports. Speaking at the Pioneer Biofuels 360 Summit, he highlighted the expansion of compressed biogas (CBG) and CNG-compatible vehicles, along with 33.5 crore LPG connections, including 10.5 crore under the…
India is grappling with significant economic challenges due to elevated global fuel prices. The government has absorbed substantial daily losses to shield consumers. However, the ongoing West Asia crisis and disruptions to energy supply routes are making this unsustainable. Tough decisions loom regarding fuel price adjustments to manage the financial burden and ensure energy security…