In a significant shift, leading oil corporations in China have ceased their maritime purchases of Russian crude, responding to recent US sanctions targeting Rosneft and Lukoil. Adding to this trend,

Continue readingChina state oil majors suspend Russian oil buys due to sanctions, sources say

Russia is under fire from U.S. sanctions affecting its major oil corporations, Rosneft and Lukoil. As India, a key importer, is urged to cut back Russian oil purchases due to

Continue readingRussia, at war, faces double trouble: Trump ultimatum and a hit to oil sales to India

Premier Energies is expanding its clean energy footprint by acquiring a majority stake in Transcon Industries for Rs 500.3 crore. This strategic move into transformer manufacturing aims to offer integrated

Continue readingPremier Energies forays into transformer manufacturing by acquiring 51% stake in Transcon

Reliance Industries will halt oil imports from Russia under its long-term contract. This decision follows United States sanctions on Russian oil major Rosneft. Indian refiners are reviewing their Russian oil

Continue readingRussia oil impact: Reliance to halt oil imports under Rosneft deal, sources say

The US has announced fresh sanctions targeting major Russian oil corporations, which could ripple through to Reliance Industries’ oil import strategy. While state-owned refineries may navigate around these restrictions by

Continue readingPSUs likely to keep buying Russian oil via traders; US sanctions on Russian firms to hit Reliance

Kalpataru Projects International (KPIL) announced securing new orders totaling Rs 2,332 crore, encompassing overseas Power Transmission & Distribution and domestic Buildings & Factories projects. This brings their cumulative order inflows

Continue readingKPIL bags orders worth Rs 2,332 crore

Reliance Industries, India’s largest buyer of Russian oil, is adjusting its imports. The company will align its crude purchases from Moscow with directives from the Indian government. This recalibration follows

Continue readingReliance recalibrating Russian oil imports to align with India's guidelines

Indian state refiners are scrutinizing their Russian oil trade documents to confirm no supplies originate from sanctioned companies Rosneft and Lukoil. This action follows the U.S. imposing Ukraine-related sanctions on

Continue readingIndia said to be readying for massive cuts in oil imports from Russia, its biggest supplier

India’s natural gas production is declining, primarily due to falling output from Reliance-BP’s KG-D6 fields. This drop, coupled with a decrease from ONGC’s fields, has led to a 3% reduction

Continue readingFalling production from KG-D6 drags down national gas output

India’s peak power demand on Diwali saw a slight dip this year, deviating from the usual festival trend. Government data reveals a decrease in electricity consumption on the day of

Continue readingPower consumption on Diwali defies trend this time; peak demand dips on year