Diamond Power Infrastructure Ltd (DPIL) has secured a ₹1,349.11 crore order from Adani Energy Solutions Ltd for the supply of 24,080 AL-59 high-performance conductors. The contract is to be completed by June 2028. DPIL, India’s largest single-location power cables and conductors manufacturer, disclosed the development in a stock exchange filing on Monday.
Facing increased pressure from Washington, Indian refiners, major buyers of Russian crude, plan to slightly reduce their purchases. This decision comes ahead of a US tariff hike and reflects a balancing act between economic interests and geopolitical considerations.
The support is aimed at partially offsetting operational expenses and revenue losses faced by retailers. Explaining the mechanism, a dealer said the company compares current sales with historical averages.
The Indian government is considering further easing norms for setting up petrol pumps to boost energy security and promote decarbonization. An expert committee has been formed to review existing guidelines and align them with national commitments to alternative fuels and electric mobility.
The resolution plan submitted by the consortium was approved by the National Company Law Tribunal in November, the central government company informed the exchanges.
ONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantly, meeting rising domestic demand. Projects like Daman and KG-98/2 are expected to boost gas output. ONGC is also expanding its renewable energy portfolio and seeking cost savings. The company is strategically shifting towards gas.
Speaking at the CII Summit on Friday, road transport and highways secretary V Umashankar said since diesel consumption is almost two times that of petrol consumption, the impact of diesel blending will be far greater on our energy security than even petrol blending. The event saw the launch of a CII Knight Frank Report which…
Cairn Oil & Gas, part of Vedanta Group, has invited global partners to participate in multiple projects under its $5 billion investment plan for the next 2–3 years. The company, which holds interests in 55 blocks, is seeking international rig partners to provide and operate advanced rigs for 12 drilling sites, and is looking for…
Nayara Energy, the Rosneft-backed refiner sanctioned by the EU, is in discussions with government and partners to ensure stable operations at its 20 million tonnes per annum refinery and maintain fuel supplies. The company emphasizes its commitment to meeting Indian consumer demand by supplying oil and oil products across the country.
India’s NTPC is exploring a significant investment. The state-owned power giant is in discussions to acquire a minority stake in US firm Clean Core Thorium Energy. This move aligns with NTPC’s ambitious plans to expand its nuclear power capacity. The company is looking at international collaborations for technology and fuel.