Economic Times
From July 2022, India imposed a windfall tax on crude oil producers, and extended the levy on exports of gasoline, diesel and aviation fuel as private
Petrol consumption rose 9.3% in January, while diesel consumption increased by 3.1%. Sales of petrol and diesel in the April-January period were up by
Russian oil's share in India's crude imports dropped to 25% in Jan from 31% in Dec due to narrower price discounts, US sanctions impacting shippers, a
India's electricity supply in 2024 is more comfortable due to increased coal production and a significant deployment of renewables. Coal inventories h
The sales price of the gas would be determined by combining the monthly value of Asian spot LNG benchmark JKM with a variable that bidders would quote
India is embarking on a capacity expansion of its oil refineries to meet the country's rising thirst for fossil fuels. The building blitz aims to rais
The Indian government has extended the deadline for implementing an additional ₹2 per litre tax on unblended diesel to April 1, 2025. The tax, aimed
Sinnar Thermal Power (STPL) is a subsidiary of the listed company RattanIndia Power, one of the largest distressed power producers, which has a 1,350
Nebula Energy LLC is acquiring a majority stake in AG&P LNG for $300 million, giving it a foothold in the Indian market. Nebula Energy is an investmen
IOC Global Capital Management IFSC Limited (IGCMIL), the wholly owned unit of Indian Oil, will use the funds to refinance the parent’s existing exte
Petronet LNG reported a profit of Rs 1,191 crore in the October-December quarter against a profit of Rs 1,181 crore in the year-ago period aided by in
Bharat Petroleum Corporation Ltd (BPCL) reported an 82% rise in net profit for the December quarter. While the ongoing attacks on shipping vessels by
The first edition of IEW was held in Bengaluru last year. In the second edition to be held in Goa, 900 exhibitors will participate, about 30% more tha
Tata Power proposes a "rationalization" of tariffs, which could lead to a sharp increase in power rates for lower-end consumers. The utility plans to
Kunjal Mehta has been appointed as Adani Energy Solutions Ltd (AESL) Chief Financial Officer (CFO) effective April 1, 2024, following the resignation
GAIL has signed a long-term deal with UAE's ADNOC Gas to buy 0.5 million tonnes of liquefied natural gas annually for ten years. The deliveries will b
Polaris Smart Metering has secured two smart meter projects in Uttar Pradesh worth a total of Rs 5,200 crore. The contracts, awarded by Madhyanchal Vi
VA Tech Wabag Limited (WABAG) has signed an agreement with Peak Sustainability Ventures (Peak) to establish 100 Bio-CNG plants in India, GCC, Africa,
The attacks on shipping vessels in the Red Sea by Houthi militants have not affected India's crude oil supply, according to Hindustan Petroleum Corpor
India's primary gas supply rose by 5 per cent in 2023, with growth primarily driven by the petrochemical, power generation, refinery and industrial se
