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Blueleaf secures $75 mn funding from British International Investment

NEW DELHI, Oct. 29 -- British International Investment (BII) has committed a $75 million financing facility to Macquarie-owned Blueleaf Energy to help expand its renewable energy capacity in India. T... Read More


IOC says to continue buying Russian oil, and also heed sanctions

New Delhi, Oct. 28 -- India's largest oil refiner, Indian Oil Corp. Ltd (IOC), on Tuesday said it will "absolutely not" halt buying Russian crude and will also comply with international sanctions. The... Read More


Oil India explores equity investments in BPCL's proposed Rs.1 tn refinery in Andhra Pradesh

New Delhi, Oct. 28 -- State-run Bharat Petroleum Corp. is exploring to jointly develop its proposed greenfield refinery and petrochemical complex in Andhra Pradesh with public sector explorer Oil Indi... Read More


Russian oil: IndianOil to abide by all international sanctions

New Delhi, Oct. 27 -- State-run Indian Oil Corp.'s standalone net profit surged multifold in the September quarter, riding on higher refinery margins and better sales. The company reported a net prof... Read More


India stares at $2.7 bn hit as US sanctions two largest Russian oil suppliers

New Delhi, Oct. 23 -- US sanctions on Rosneft PJSC and Lukoil PJSC, the two biggest suppliers of Russian oil, are likely to force Indian refiners to buy from West Asian and other sources that do not o... Read More


India's oil imports in Oct rise as refiners come out of maintenance; GST cuts, travel boost demand

New Delhi, Oct. 21 -- New Delhi: India' crude oil imports are likely to increase in October compared to the past few months, as refineries return to operating at higher capacity after scheduled mainte... Read More


Megha Engineering wind contract to develop $225.5 mn gas-sweetening plant in Kuwait

New Delhi, Oct. 17 -- Megha Engineering and Infrastructures Ltd has secured a $225.5 million project from Kuwait Oil Company to develop a gas sweetening and sulphur recovery facility in the West Kuwai... Read More


Global power sector struggling on broken supply chains, component crunch: Hitachi Energy CEO

New Delhi, Oct. 16 -- With the global energy transition running into political and supply-chain roadblocks, the world's power sector is facing a critical shortage of transformers and other key compone... Read More


Mint Explainer | Russian oil, rising prices, and the tough energy choices India faces

NEW DELHI, Oct. 16 -- Global crude oil prices rebounded from a five-month low after US President Donald Trump said Indian Prime Minister Narendra Modi had promised to halt purchases of Russian barrels... Read More


India's solar waste crisis: CEA pushes for urgent recycling action

New Delhi, Oct. 15 -- India's apex power sector planning body has called for the recycling of solar photovoltaic (PV) modules and their lifecycle management amid supply-chain issues and environmental ... Read More