Jagatjit Industries Ltd has commenced commercial production at its grain-based ethanol plant in Punjab, anticipating Rs 550 crore in annual revenue. The plant, located in Kapurthula district, has a 200 kilolitres per day capacity. The company expects a significant boost to its EBITDA margin and aims to supply 65-70 million litres of ethanol annually to…
India faces a significant challenge with approximately 1.3 million transformer failures each year. Poor repairs, unbalanced loading, and weather are major culprits. Some northern states report over 20 percent failure rates. Industry experts propose modern sealing and insulation testing. A government committee is reviewing these issues to improve power sector reliability.
ABB India has implemented a system for THINK Gas. This system automates and digitalizes THINK Gas’s city gas distribution network. The network spans 10 Indian states. ABB’s cloud-based platform centralizes operations. It provides real-time visibility from Chennai. The system monitors and controls gas distribution. It supplies Compressed Natural Gas to over 500 fuel stations.
India, which sources over 35% of its crude oil from Russia, may look to Middle Eastern, African, and other suppliers if U.S. penalties force a cut in Russian imports. Russian oil, offered at discounted rates after Western sanctions in 2022, helped India manage energy costs. India imports over 85% of its oil needs.
The India-bound LPG tanker MV Sunshine is safely navigating the Strait of Hormuz. The Indian Navy is providing support for its secure passage. Iran’s Deputy Foreign Minister stated that peace in the Strait of Hormuz would improve safety. He also mentioned that Iran welcomes any Indian initiative to reduce regional tensions, highlighting strong India-Iran cultural…
The United States has ended sanctions waivers that allowed countries, including India, to buy Russian and Iranian oil without penalties, a move that could tighten global supplies and pressure Indian refiners. US Treasury Secretary Scott Bessent confirmed the decision, saying the temporary licenses for Russian and Iranian crude would not be renewed.
The West Asia conflict has exposed India’s vulnerability to energy shocks, prompting calls to reduce crude oil imports and boost energy security. An RBI MPC member stressed the need for increased domestic exploration and a faster transition to alternative energy sources to sustain economic growth amidst rising import bills and inflation.
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.
Japan’s top power generator JERA has signed its first long-term LNG export deal with India’s Torrent Power, supplying four cargoes annually for 10 years starting 2027. The LNG will fuel Torrent Power’s 2,730 MW power plants and be sold to households, small industries, and the transport sector.
An Indian diesel cargo is on its way to China. This marks the first such shipment since April 2021. The EM Zenith departed from Nayara’s Vadinar terminal. EU sanctions on Rosneft-backed refinery complicated payments for Nayara. The vessel initially headed to Malaysia but changed course. It is now destined for Zhoushan, China.