External Affairs Minister S Jaishankar addressed concerns regarding US Senator Lindsey Graham’s bill, which proposes a 500 per cent tariff on nations importing Russian energy. Jaishankar stated that the Indian
Tata Group, through Tata Power, is reportedly in discussions to acquire the remaining shares of Resurgent Power Ventures Pte from ICICI Venture Funds Management Co., Kuwait Investment Authority, and Oman
Continue readingTata is said to be in talks to buy out investors in Resurgent
The two companies’ total dues to REC from these SPVs were at Rs 1,393.6 crore at the end of March 2025. In a letter to principal secretary Rahul Bojja, last
Continue readingTelangana SPVs pay critical dues, avoid NPA tag
India is planning to build three new strategic oil reserves to enhance energy security and prepare for potential supply disruptions. The proposed sites are Bikaner (Rajasthan), Mangalore (Karnataka), and Bina
Continue readingIndia plans new strategic oil reserve to enhance energy security
Nearly 27 lakh power sector employees across India are preparing for a nationwide strike on July 9, protesting the Uttar Pradesh government’s decision to privatize two major electricity distribution companies.
Fuel consumption in India saw a rise in June. Petrol sales jumped 6.4% year-on-year. Diesel sales increased by 1.2%. Aviation turbine fuel sales also went up. Liquefied petroleum gas consumption
Continue readingPetrol sales rise 6.4% in June; diesel up 1.2%
Adani Power received $437 million from Bangladesh in June, settling payment arrears for electricity supplied until March 31. This clears the way for smooth operations at the Godda plant, which
Continue readingBangladesh clears Adani Power's $437 million dues
Hardeep Singh Puri says crude oil prices are stable. They are around USD 67 per barrel. India is diversifying its oil sources. It now buys from 40 countries. The nation
Continue readingCrude oil prices back at $67/barrel, likely to remain stable: Minister Puri
Bangladesh has cleared $437 million in dues to Adani Power, including carrying costs, reaffirming the Indian conglomerate’s role as a reliable power source. With payments regularized and additional security established,
Continue readingBangladesh resolves Adani's power purchase pact, payment concerns
India’s power consumption saw a minor decrease of 1.5% in June. The dip is attributed to the early arrival of the monsoon season. This reduced the need for cooling appliances.
Continue readingPower consumption dips slightly by 1.5 pc to 150.04 bn units in June