A significant milestone has been achieved at the Kudankulam Nuclear Power Project. The Atomic Energy Regulatory Board has approved the erection of major equipment for Units 5 and 6. This development brings India’s nuclear energy program closer to expanding its clean and reliable power generation capacity. The approval follows extensive safety reviews, ensuring compliance with…
Petrol Diesel Price Today in India: Domestic petrol and diesel prices remained stable across most major Indian cities on Saturday, despite firm global crude oil markets driven by geopolitical tensions. India’s oil marketing companies and the government have absorbed rising costs for over two months to prevent retail price hikes, though this arrangement is under…
India is launching E85 fuel on Friday. This is an 80-85% ethanol-blended petrol. The move aims to boost flex fuel mobility across the nation. Minister Hardeep Singh Puri will attend the launch event in New Delhi. Automakers like Maruti Suzuki and Hero MotoCorp are already introducing flex fuel vehicle variants.
Petroleum and Natural Gas Regulatory Board directs Delhi gas retailers to implement uniform pricing for piped natural gas. This eliminates tiered pricing based on consumption. The move prevents potential misuse of subsidized gas intended for households. It also addresses concerns about unfair charges for higher consumption. The regulator wants a review of consumption patterns. They…
ONGC Energy Centre Trust and Engineers India Ltd. have partnered to establish a Helium Recovery Demonstration Plant in Tamil Nadu, valued at Rs 39.42 crore. This plant, utilizing CSIR-IIP technology, aims to extract high-purity Helium from natural gas, addressing India’s import reliance.
Fuel demand is rising at some Indian petrol pumps. Bulk diesel buyers are switching to retail outlets due to a large price gap. This is causing temporary shortages at a few locations. The government states that fuel supplies remain ample and stable across the country. Citizens are urged not to panic buy.
Tata Group, through Tata Power, is reportedly in discussions to acquire the remaining shares of Resurgent Power Ventures Pte from ICICI Venture Funds Management Co., Kuwait Investment Authority, and Oman Investment Authority. The deal values Resurgent at approximately $2.1 billion, including debt. Resurgent’s assets include a significant stake in Prayagraj Power Generation Co. and other…
Nayara Energy has restarted its Vadinar refinery. The facility, with a capacity of 400,000 barrels per day, resumed operations last week. This follows a planned maintenance shutdown that began on April 9. The refinery’s restart is a significant development for India’s energy sector. Nayara Energy is majority-owned by Russian entities.
REC Ltd’s board has approved a significant market borrowing plan. For the fiscal year 2026-27, the company will raise Rs 1.6 lakh crore. This borrowing will be done through various instruments including tax-exempt bonds, debentures, term loans, and commercial papers. The funds will be utilized based on actual needs and market conditions.
Reliance Infrastructure has secured an arbitration award of Rs 526 crore against Aravali Power Company Ltd. This favorable outcome stems from the arbitral tribunal’s decision, which deemed the termination of their contract invalid. The award covers consequential claims, marking a significant victory for Reliance Infra following the 2018 dispute.