India’s LPG demand is projected to fall. Piped natural gas (PNG) will replace LPG use. Household LPG consumption makes up 90% of total demand. PNG is cheaper than LPG. Domestic
Continue readingLPG demand to decline 7% by 2030 on growing piped natural gas adoption
India is exploring ways to transition its 17 GW of imported coal-based power plants to cheaper domestic coal. This move aims to reduce electricity costs, enhance energy security and decrease
Sterlite Power Transmission Ltd.’s unit secured ₹725 crore in funding from GEF Capital Partners and Enam Holding. The investment will fuel the expansion of power conductor, OPGW, and cable manufacturing,
ONGC’s crude oil production is rising after eight years of decline, thanks to a new field in the KG Basin and improved performance at Mumbai High. November saw a 3%
Continue readingONGC oil output bucks the trend after 8 years of decline
Power distribution companies’ legacy dues have drastically decreased by 82% to ₹24,684 crore since June 2022. Thirteen states initially reported ₹1,39,947 crore in arrears, which were restructured into EMIs. Discoms
Continue readingDiscoms outstanding dues decline 82 pc in over 2 years to Rs 24k cr
Russia’s Rosneft has agreed to supply 500,000 barrels per day of crude to India’s Reliance for 10 years in a deal worth approximately $13 billion annually. This agreement, which accounts
Continue readingReliance, Rosneft agree on biggest ever India-Russia oil supply deal
NLC India Ltd (NLCIL) announced that its first supercritical thermal power plant, the 1,980 MW Ghatampur Thermal Power Plant (GTPP) in Uttar Pradesh, has begun commercial operations. The first 660
Continue readingNLC India's first supercritical power plant starts commercial operation
The Organization of Petroleum Exporting Countries chopped projections for consumption growth in 2024 by 210,000 barrels a day to 1.6 million barrels a day, according to its monthly report. The
Continue readingOPEC makes deepest cut yet to world demand forecast
Indian Oil Corporation’s GIFT City unit has financed over $250 million for its group companies in a year, optimizing borrowing costs. The unit refinances loans, provides credit lines, and facilitates
Continue readingIOC GIFT city unit funds deals of over 250 million dollars
India’s atomic power capacity has doubled in the last decade, reaching 8,081 megawatts, and is projected to triple to 22,480 megawatts by 2031. Minister Jitendra Singh attributed this growth to
Continue readingIndia to triple atomic power capacity by 2031