Indian Oil and Bharat Petroleum are buying Russian Urals crude again. The refiners stopped buying in July. Now, they are resuming purchases for September. This is because the discount on Urals has increased. Also, China is buying more Urals crude. The discount is now about $3 per barrel. This makes it attractive for Indian refiners.
Vedanta Chairman Anil Agarwal has stated that NGSL, a joint venture between NTPC and GE, held full responsibility for the operations and maintenance of the Chhattisgarh power plant. An explosion at the plant on April 14 killed 25 workers. Agarwal drew an analogy to vehicle owners trusting drivers for safety.
Coal India’s sales surged in March, marking the first increase in six months, as the nation prepares for peak summer demand. This boost comes amid a gas supply crunch, pushing India to rely more heavily on its domestic coal reserves. Power plants are ramping up coal stocks to meet anticipated higher demand and compensate for…
Fuel prices in India may rise significantly after April 29. Global crude oil costs are high, causing losses for Indian refiners. Kotak Institutional Equities predicts a potential increase of Rs 25-28 per litre over time. However, the Ministry of Petroleum and Natural Gas has clarified that there is no such proposal to hike fuel prices…
APTRANSCO is undertaking projects valued at Rs 5,000 crore to bolster the power transmission network. Further projects worth Rs 3,000 crore are also being planned. Officials are tasked with creating implementation and procurement calendars for substations and materials. The state government aims for uninterrupted quality power supply.
Reliance Industries has rejected two Iranian oil cargoes. This comes just before a U.S. waiver on Iranian oil exports expires. Washington will not renew these waivers. India had allowed Reliance to buy Iranian oil on several sanctioned tankers. Reliance stated the Derya tanker cargo did not meet compliance requirements. Indian Oil Corp recently bought Iranian…
India has reached a significant milestone, producing 1 billion tonnes of coal for the second year running. This achievement on March 20, 2026, comes amid global energy market uncertainties. The sustained high output ensures energy demand is met and supports the power sector. This performance highlights strong planning and execution, contributing to India’s economic growth.
India’s peak power demand may not reach the projected 277 GW this summer. Intermittent rains have reduced the need for cooling appliances. Ghanshyam Prasad of the Central Electricity Authority shared this update. The government had projected this demand for 2025-26. However, continuous rainfall has kept power demand lower than expected.
Numaligarh Refinery Limited (NRL) has been granted Navratna status, recognizing its strong performance and ambitious growth. This achievement is linked to its ongoing refinery expansion and the recently inaugurated bamboo-based bioethanol plant, driving energy security and green growth from Assam. The company is significantly increasing its capacity with a substantial investment.
India’s power companies have significantly boosted natural gas purchases from a domestic exchange, quadrupling them to combat soaring summer electricity demand. Blistering heatwaves have driven peak power needs to record highs, forcing reliance on gas-fired plants. Despite price hikes and supply challenges, this fuel is crucial for meeting demand, though shortages persist.