Adani to restore full power to Bangladesh in days but differences remain, say sources
Adani Power will resume full power supply from its 1,600 MW plant to Bangladesh after a three-month gap, disregarding Dhaka’s plea for discounts and tax benefits. Supply was earlier halved due to payment delays, which led to one unit shutdown. Despite resuming supply, Adani Power denied all requests for concessions potentially amounting to millions of…
Reliance Industries acquires Lakadia B Power Transmission for Rs. 6.73 crore
Reliance Industries Limited acquired Lakadia B Power Transmission Limited for Rs. 6.73 crore, making it a wholly owned subsidiary. The acquisition strengthens Reliance’s power transmission capabilities and aligns with its strategy to lead in both traditional and renewable energy sectors.
Big setback for Reliance, win for govt in appeal accusing Ambani’s co of ‘fraud, unjust enrichment of over $1.729 bn’ for siphoning gas
The Delhi High Court sided with the Indian government, accusing Reliance Industries Ltd and its foreign partners of unjust enrichment and fraud in a gas extraction dispute. The court overturned a 2018 arbitration award favoring RIL, following ONGC’s claims of unauthorized gas migration.
Latest US sanctions on Russia throw global oil trade into disarray, India scrambles
Tightened U.S. sanctions on Russian oil have disrupted trade with China and India, increasing demand for Middle Eastern and African crudes, and causing oil prices to rise. These sanctions have left millions of barrels of Russian oil floating on ships, forcing traders to find alternative sources and driving up shipping costs.
India to remain bright spot for petchem demand in 2025
India is expected to be a significant market for petrochemicals in 2025, driven by demand from electric vehicles, solar panels, and household appliances. Despite global oversupply and depressed margins, substantial investments are planned, including major projects in Gujarat. Resilience in local demand is being observed, particularly in the automobile sector.
BPCL signs term contract with Total
BPCL has signed a term contract with Total Energies Trading Asia for purchase of Middle Eastern crude oil. The contract is valid for one year starting April 2025, BPCL said in a statement without giving more details on the contract.
IOC to buy LNG from ADNOC Gas over 14 years
Indian Oil Corporation has signed a 14-year agreement to buy up to 1.2 million tonnes per annum of LNG from UAE’s ADNOC Gas starting 2026, valued at $7-9 billion. Bharat Petroleum also secured an agreement for 2.4 million tonnes of LNG annually starting April 2025. Additionally, Indian Oil will export LNG to Nepal for the…
NCLT okays JSW Energy’s buyout of KSK Mahanadi
The NCLT Hyderabad has approved JSW Energy’s revival plan for the bankrupt KSK Mahanadi Power Company, which has liabilities exceeding ₹32,335 crore. JSW Energy proposes a resolution of ₹15,985 crore. The revival is conditional on clearance from the Competition Commission of India.
Think Gas faces hurdles in connecting PNG to homes: CEO
Think Gas has faced challenges in connecting homes with piped natural gas due to the absence of trunk pipelines and customers’ preference for subsidised LPG, according to CEO Abhilesh Gupta. The merger with AG&P Pratham is ongoing, but plans for an IPO are uncertain. Gupta highlighted that regulations allow shifting targets if the trunk pipeline…
NHPC’s FY26 capex to be lower at ₹8,000 crore
NHPC Ltd plans a capital expenditure of over ₹8,000 crore in FY26, focusing on adding 1,620 MW hydro and 1,490 MW solar projects. The company’s current projects total around 9,314 MW under construction, with plans also in place for 20 GW of pumped hydro storage project developments.
