Economic Times
A consortium of Mahagenco and NTPC has emerged as the leading bidder, at ₹3,800 crore, to take over the 1,350 MW Sinnar Thermal Power plant. The pla
The Centre has directed power distribution companies to follow uniform accounting practices to avoid financial misreporting. This move aims to curb th
Tata Power has acquired a 40% stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. The acquisition was finalized with Druk Green Pow
Bharat Petroleum Corp's intake of Russian oil dropped to 34% in the July-September quarter due to maintenance at its Bina and Kochi refineries. BPCL h
India's power sector faces a 30% shortage of CRGO steel crucial for transformers and electric motors, with domestic production meeting only 10-12% of
A panel has recommended that the ONGC Chairman should also head its subsidiary HPCL to ensure cohesive corporate governance. Despite ONGC's acquisitio
Oil prices are forecasted to decrease as Israel's targeted strikes in Iran over the weekend avoided disrupting Tehran's oil and nuclear infrastructure
India's oil demand is expected to rise by 3.5-4% in Q4 2024 due to festive activities, agricultural needs, and election-related transportation. Despit
Big energy companies argue that the rising electricity demand from data centers can drive investment in clean energy, despite skepticism. They claim t
Bangladesh is set to receive 40 megawatts of power from Nepal via the Indian grid. The agreement aligns with India’s revised cross-border electricit
Adani Group's ambitious Rs 12,500 crore bid for KSK Mahanadi Power spurs other bidders to increase their offers, potentially leading to a full recover
The Ministry of Petroleum and Natural Gas (MoPNG) is seeking to restructure and enhance its policy-making effectiveness for future energy sector chall
Kenya's high court has suspended a $736 million deal between state utility KETRACO and India's Adani Energy Solutions. The Law Society of Kenya challe
HPCL invested Rs. 3,771 crore in Q2FY25 to boost its refining and marketing infrastructure. The total investments for April-September 2024 amount to R
India's Reliance Industries Ltd is moving most of its Dubai crude oil trading team back to Mumbai due to securing long-term oil supplies from Russia a
Power Trust increased its offer for Hiranmaye Energy after Damodar Valley Corporation (DVC) emerged as the top bidder with a Rs 1,500 crore offer. Hir
India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri, expressed optimism that global oil prices will decrease despite ongoing geopolitica
The Asian Development Bank has approved a USD 241.3 million loan to improve electricity distribution in West Bengal. This program will enhance power r
Larsen & Toubro (L&T) outbid Bharat Heavy Electricals Limited (BHEL) to secure over ₹40,000 crore worth contracts from NTPC for three coal-fired pow
HPCL is seeking an LNG cargo to commission its new 5 million tpy import terminal by December or January and is in talks with several companies for lon
