Apraava Energy is the country’s leading integrated energy solutions provider headquartered in Mumbai. It is jointly owned by the CLP Group — one of the largest investor-owned power businesses in Asia and La Caisse (formerly CDPQ), a global investment group.
Reliance Industries has received oil cargoes from Russia’s Rosneft following a one-month concession from Washington. These shipments are part of pre-existing transactions being wound down in a sanctions-compliant manner. The company plans to process Russian oil at its India-focused refinery to continue fuel sales to the EU.
It is the third time this month, and the fourth in total, that large, well-timed directional bets on the oil price have been made shortly before major announcements on the Iran war. One combined wager in March was worth $500 million, while April’s bets have together totalled some $2.1 billion.
Indian Oil refineries are running at over 100 percent capacity. This ensures no fuel shortage at retail outlets. Prices for petrol and diesel have seen a small increase. The company is also focusing on alternative energy. Two hydrogen-powered buses have been provided to Delhi Metro. These buses offer zero emissions.
India is importing more crude oil from United States. There has been a significant increase since January 2025. Imports have risen by 51% compared to last year. The value of these imports has also increased substantially. India is also importing more LPG and LNG. Discussions are underway for a long-term LNG contract.
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.
The latest coal bed methane (CBM) licensing round saw a disappointing turnout, with seven of thirteen blocks receiving no bids and four attracting only a single bidder. Only two blocks will experience competitive bidding, as just three companies participated in the Special CBM Bid Round 2026, despite more liberal terms.
Bangladesh is seeking foreign investment for offshore oil and gas exploration. The country aims to increase its domestic gas supply and lessen dependence on costly LNG imports. New production sharing contracts offer more attractive terms to international companies. This initiative targets 26 offshore blocks in the Bay of Bengal.
In a strategic move to bolster energy security, Coal India is gearing up to establish new coal-to-syngas facilities strategically positioned at mine pitheads or close to industrial users. This initiative comes in light of recent global gas supply challenges, prompting the company to actively seek partnerships with developers and industrial off-takers for these innovative projects.
India’s Bharat Petroleum is increasing spot crude purchases due to Middle East supply disruptions from the U.S.-Iran conflict, impacting its import strategy. The state-run refiner is running at 115% capacity, with Russian oil discounts narrowing significantly. Despite recent price hikes, BPCL continues to face losses on diesel and petrol sales.