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Cabinet may soon mull Rs.50,000 crore new phase of RE corridor to unclog grids

New Delhi, Aug. 11 -- India is preparing a major push to unclog its increasingly stretched green power grid, with the ministry of new and renewable energy (MNRE) set to shortly seek Union cabinet's ap... Read More


LPG under-recoveries of PSU oil firms cross Rs.59,000 crore in July

New Delhi, Aug. 10 -- State-run oil marketing companies (OMCs) have accumulated more than Rs.59,000 crore in under-recoveries from the sale of domestic cooking gas as of 31 July, up from around Rs.51,... Read More


Govt introduces bill to bar state levies on mining, enhance investor interest

New Delhi, Aug. 10 -- The government introduced an amendment bill in the Lok Sabha on Monday to bar states from imposing taxes or any other levy on mining and minerals, aiming to ease financial burden... Read More


India's non-fossil power capacity crosses 300 GW

New Delhi, Aug. 9 -- India's non-fossil power capacity has crossed 300 GW, marking a new phase in the country's energy transition: from rapidly adding renewable capacity to building the transmission, ... Read More


E20 petrol meets quality standards, say OMCs citing new tests

New Delhi, Aug. 7 -- State-run oil marketing companies on Friday said that nationwide testing of E20 ‌petrol found no evidence to support claims ‌of high chloride contamination or moisture... Read More


BRICS focuses on open markets, cash-flow lending and MSME expansion at Jaipur summit

New Delhi, Aug. 7 -- The trade ministers of BRICS countries on Friday highlighted the need for opening up markets, economic diversification among the member nations, and the internationalization of mi... Read More


Storage, transmission key for next phase of India's energy transition: Experts

New Delhi, Aug. 7 -- With renewable energy capacity expanding and tariffs already lower than those of conventional power, the next phase of India's energy transition will depend on a rapid expansion o... Read More


Mint Explainer | Why India is betting big on deepwater oil and gas exploration

New Delhi, Aug. 5 -- The Union cabinet last week approved the ambitious Rs.84,000 crore Samudra Manthan scheme for offshore deepwater hydrocarbon exploration for a period of five years. The initiative... Read More


L&T bags order worth over Rs.15,000 crore for offshore gas facility in Abu Dhabi

New Delhi, Aug. 4 -- L&T Energy Hydrocarbon Offshore has secured an order worth over Rs.15,000 crore from ADNOC Offshore to develop the Umm Shaif Gas Cap, a $6.2 billion offshore gas development proje... Read More


Brent climbs above $90 a barrel as fresh US-Iran conflict raises risks for India

New Delhi, July 30 -- Brent crude climbed above $90 a barrel on Thursday as the latest escalation between the US and Iran renewed fears of supply disruptions in West Asia, sharpening concerns over Ind... Read More