Petronet LNG has secured a significant ₹12,000 crore loan. State Bank of India and Bank of Baroda are providing the funds. This financing will primarily support Petronet’s petrochemicals project. It
Continue readingPetronet LNG secures Rs 12,000 crore loan for petrochem project
The Oil Ministry is planning a significant overhaul of Indian Oil Corporation’s board. Three director positions are set to be eliminated as part of an organizational revamp. This move aims
Continue readingOil Ministry readies formula for new IOC board maths
Ola is the sole battery production linked incentive beneficiary with established capacity. Union minister H D Kumaraswamy informed the Lok Sabha. Ola’s current battery manufacturing capacity under the scheme is
Continue readingOla only battery PLI beneficiary with established capacity: Centre
Indian Oil Corporation has issued a tender for a liquefied natural gas cargo. The delivery is scheduled for January 20. The cargo is expected to arrive at the Dahej terminal.
Continue readingIndian Oil Corp seeks LNG cargo for January delivery, sources say
In a booming trend, Indian city gas companies are swiftly increasing the number of CNG stations, surpassing their initial targets. Yet, there remains a gap in household piped-gas connections, largely
Continue readingCity gas firms race ahead on CNG, lag on home connections
India will continue purchasing oil from any source that proves profitable, prioritising its economic interests. This statement follows Russian President Vladimir Putin’s offer of uninterrupted fuel supplies to India. The
Continue readingRussia says India will continue to buy oil wherever it is profitable
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
Continue readingTorrent Power Ltd to procure LNG from JERA Co., Inc.
India and Russia are boosting nuclear energy ties. They will cooperate on the fuel cycle and support the Kudankulam plant. New advanced nuclear technologies are also on the agenda. Discussions
Continue readingIndia, Russia deepen civil nuclear ties for power and beyond
New Delhi-based IntelliSmart was set up as a joint venture between NIIF and Energy Efficiency Services Ltd. in 2019 to roll out a smart meter program to Indian power companies,
Continue readingNIIF to consider selling stake in smart power meter firm IntelliSmart
Nine bidders, including Adani Power and JSW Energy, have submitted formal offers ranging from Rs 3,000 crore to Rs 4,000 crore for GVK Energy’s operational 330 MW Alaknanda hydro power
Continue readingNine bidders for GVK's Alaknanda hydro power plant