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Reliance warns of a volatile oil market in FY27, bets on gas and green chemicals for growth
In the upcoming financial year FY26-27, Reliance Industries Limited is preparing for a potential slump in global oil demand, driven by high crude prices, economic slowdowns, and geopolitical unrest in the Middle East. However, the company is positioning itself to seize a long-term opportunity in the energy and materials sectors.
Q4 Results Today: ONGC, IRCTC, Siemens, Senco Gold Among 280+ Firms To Declare Earnings On May 26
Redtape, Gujarat Fluorochemicals, AstraZeneca Pharma India & Bajali Telefilms are among the other companies to declare their Q4FY26 results on May 26.
Adani Total Gas appoints Sanjay Pandita as CEO, effective May 22
Adani Total Gas has appointed Sanjay Pandita as its new CEO, effective May 22, 2026. With 25 years of experience in the energy sector, Pandita is recognized for his expertise in natural gas, LNG, and low-carbon solutions. His career includes significant contributions to India's clean energy transition and business growth in city gas distribution and mobility.
India must push solar, grid reforms to navigate oil price rise: Ex-NITI Aayog member Arvind Virmani
suggested navigating this crisis by adopting a two-pronged strategy by implementing a gradual pass-through of rising oil and gas prices in the immediate term, while aggressively accelerating long-term structural reforms across its solar, storage, and distribution networks.
Nifty trades above 23,400 level; oil & gas shares advance
At 11:30 IST, the barometer index, the S&P BSE Sensex, advanced 28.18 points or 0.04% to 74,587.42. The Nifty 50 index rose 29.15 points or 0.12% to 23,410.65.
TTK Prestige Ltd leads gainers in 'A' group
Oil India Ltd, Paradeep Phosphates Ltd, Lloyds Engineering Works Ltd and Oil & Natural Gas Corpn Ltd are among the other gainers in the BSE's 'A' group today, 12 May 2026.
JSW Steel shares rise over 2%, after arm seeks govt help to secure gas supplies amid Middle East crisis
JSW Steel's unit is requesting government help to secure vital fuel supplies. Ongoing global tensions have created shortages of liquefied natural gas and propane. These fuels are crucial for JSW Steel Coated Products' manufacturing processes. Disruptions could impact downstream customers and lead to supply deficits. India relies heavily on natural gas imports.
Strait of Hormuz tensions escalate as Iran targets regional energy infrastructure
In a dramatic turn of events, Iran has intensified its offensive against oil and gas installations across the Gulf, a direct response following an Israeli airstrike near the vital Strait of Hormuz. This escalating conflict places nearby shipping interests in jeopardy, with reported damage to vessels off both the UAE and Qatar.
India has enough urea stock until May as 1 million tonnes reach ports
India has successfully imported one million tonnes of urea, providing a buffer for agricultural needs until May. Nonetheless, as the monsoon looms on the horizon, additional imports will be vital. Domestic production is under strain due to interruptions in natural gas supplies.
India orders oil and gas firms to share data with central agency
In an effort to enhance transparency, India's government has directed oil and gas companies to submit detailed data on production, imports, stocks, and consumption. The Petroleum Planning and Analysis Cell will gather and scrutinize this vital information, marking a significant step towards establishing a streamlined system for monitoring the petroleum and natural gas sectors in the interest of the public.
Gujarat hikes LPG supply by 20 per cent; prioritises PNG connections
Gujarat is boosting LPG supplies by 20 percent to ensure uninterrupted availability. The state is also prioritizing Piped Natural Gas connections for hotels and restaurants where networks exist. Essential sectors like hospitals and educational institutions are receiving full LPG stock. This proactive approach aims to maintain smooth fuel distribution across all sectors.
Jindal Stainless says West Asia war has hit operations, plants running at rationalised capacity
The company said stainless steel manufacturing depends heavily on industrial gases such as propane/LPG and natural gas, and several processes across its plants have been adversely affected. Shares of Jindal Stainless Ltd ended at ₹708.15, down by ₹38.30, or 5.13%, on the BSE today, March 13.