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Near-zero E100 demand puts brakes on OMCs' E85 rollout
Oil companies are reluctant to expand E85 fuel stations due to poor demand. Nearly 400 pilot E100 outlets saw almost no fuel offtake. Flex-fuel vehicle sales must increase before infrastructure expansion occurs. Higher ethanol blends may damage engines in older vehicles. Low price difference and energy content hinder ethanol fuel adoption.
Ethanol blending has strengthened India's energy security without hurting vehicle performance: Former IOCL Chairman
India's ethanol blending programme is bolstering energy security, boosting farmer incomes by nearly ₹1.6 lakh crore, and cutting emissions significantly. Former IOCL Chairman B. Ashok asserts that scientific studies show E20 fuel poses no threat to vehicle engines or mileage, dispelling common misconceptions. This initiative has saved the nation substantial crude oil imports, reinforcing its economic and environmental benefits.
Kirloskar Oil Engines wins 192 MW power order for AI data centre
Kirloskar Oil Engines Limited (KOEL) has won a 192 MW power systems order from HyperNext to support a large AI-enabled data centre project in India. The deployment includes 96 units of its Optiprime Dual Core systems, which will provide backup power for hyperscale cloud and AI infrastructure. The project is aimed at building resilient, energy-efficient digital infrastructure to meet rising demand from artificial intelligence and cloud computing workloads.
Reliance to turn crude into carbon fibre, green chemicals, other materials in major O2C overhaul
Reliance Industries is set to reinvent its oil-to-chemicals business. The company will convert crude oil into advanced materials and green chemicals. This strategy aims to create new revenue streams and reduce exposure to global energy market volatility. Reliance is committed to ensuring India's energy security by future-proofing its legacy business and building new growth engines.
Market Trading Guide: Buy Power Grid and Kirloskar Oil Engines on Thursday for gains up to 7%
The Nifty 50 ended higher as US–Iran talks optimism lifted sentiment, with IT, auto, banks and FMCG driving gains. Technical strength above key EMAs and improving RSI signal bullish momentum, though resistance near 24,300 may cap near-term upside.
Trade Spotlight: How should you trade Chambal Fertilisers, Kirloskar Oil Engines, Vidya Wires, Usha Martin, NTPC Green Energy, and others on May 27?
The market is likely to remain in a consolidation phase as long as it trades below Tuesday's high. Below are some short-term trading ideas to consider.