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Indian OMCs set for 50% jump in FY26 profitability as marketing margins soar

NEW DELHI, Nov. 21 -- Indian public sector oil marketing companies (OMCs) are set to post more than 50% growth in operating profits in the current financial year (FY26), reaching $18-20 per barrel, dr... Read More


Oil India partners with TotalEnergies for offshore exploration in India

New Delhi, Nov. 19 -- State-run Oil India Ltd (OIL) and French energy major TotalEnergies have joined hands for the exploration of deep and ultra-deepwater offshore basins in the country. In a statem... Read More


Mint Explainer | Why India's CEA is pushing for power transmission asset monetization

New Delhi, Nov. 19 -- NEW DELHI: With exponential growth in India's energy transition requirements, power transmission has emerged as a key component of this green push. The Central Electricity Author... Read More


Sanctions shock: Discounts on Russian oil jump as refiners shun Rosneft, Lukoil

New Delhi, Nov. 18 -- New Delhi: Discounts on Russian oil have jumped in less than a month as buyers shun oil from sanctioned entities Rosneft and Lukoil. International buyers avoided Russia after it... Read More


Andhra Pradesh draws Rs.90,000 crore green energy push from ReNew, Hero Future Energies

New Delhi, Nov. 13 -- Andhra Pradesh has attracted fresh investments worth nearly Rs.90,000 crore from two of India's leading renewable energy companies-ReNew Energy Global Global Plc and Hero Future ... Read More


Mint Explainer | How India is emerging as the epicentre of global energy demand

New Delhi, Nov. 13 -- The International Energy Agency (IEA) has projected that India will become the largest demand hub for energy, including oil, gas, and electricity, by 2035. In its latest energy o... Read More


Construction of Mozambique LNG project set to resume as force majeure ends

New Delhi, Nov. 12 -- ONGC Videsh Ltd (OVL) on Wednesday said a force majeure at its $20-billion Mozambique LNG venture has been lifted, setting the stage for resuming construction work. The force maj... Read More


NTPC in talks with 16 states for land to build nuclear power plants

New Delhi, Nov. 12 -- State-run thermal power major NTPC Ltd is scouting for land across 16 states to develop nuclear power plants, said two people in the know of the development. These states include... Read More


Tata Power planning 10 GW solar wafer and ingot capacity: CEO

New Delhi, Nov. 11 -- Tata Power plans to set up a wafer and ingot manufacturing facility with a 10GW capacity, its chief executive officer and managing director (CEO & MD) Praveer Sinha said on Tuesd... Read More


ISA plans Asia Solar Facility to attract long-term investments in the continent: DG Khanna

New Delhi, Nov. 11 -- In a move aimed at further cementing India's position as the voice of the Global South, the International Solar Alliance (ISA) is planning to set up an Asia Solar Facility for se... Read More