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Hormuz traffic eases; Iran revives crude supply pitch to India
Maritime traffic through the Strait of Hormuz is normalizing, with most India-bound energy shipments successfully navigating the chokepoint. Iran has signaled its readiness to resume crude oil exports, engaging in discussions with India following the lifting of sanctions. This development could significantly ease energy supplies to India, as Tehran seeks to broaden its customer base beyond China.
Anti-dumping duty on electrical steel may push transformer costs, impact grid expansion: GTRI
A potential anti-dumping duty on crucial cold-rolled grain-oriented electrical steel (CRGO) imports could significantly hike transformer manufacturing costs and impede India's ambitious power grid expansion plans. With domestic production meeting less than 10% of demand, imposing duties might raise prices without reducing import reliance, impacting vital infrastructure development and renewable energy integration. The probe follows a complaint by JSW JFE Electrical Steel Nashik Pvt Ltd.
NLC India arm inks JV with OREDA
NLC India announced that its subsidiary, NLC India Renewables (NIRL) has signed joint venture agreement with Odisha Renewable Energy Development Agency (OREDA) to develop green energy power plants in Odisha.
30 India-bound ships cross Strait of Hormuz since Iran war began, 26 more await transit
Thirty ships bound for India have successfully navigated the Strait of Hormuz, a crucial route disrupted by recent geopolitical tensions. An additional 26 vessels are awaiting passage. Among those that transited, a significant portion carried vital energy supplies like LPG and LNG, alongside bulk cargo and crude oil. This development follows a recent agreement, easing concerns over energy imports for India.
VOC Port emerges as model for sustainable maritime development
Leading the charge in India's sustainable maritime evolution, the V.O. Chidambaranar Port Authority (VOCPA) has made impressive strides in cutting carbon emissions and almost entirely covering its energy requirements with renewable resources. Union Minister Sarbananda Sonowal showcased these accomplishments during the launch of a new Kendriya Vidyalaya, highlighted an IIM Calcutta case study detailing the port's transition to greener practices, and introduced a new mobile app powered by generative AI.
NLC India, Indian Oil Corporation partner up for large-scale green energy projects
State-run NLC India Limited (NLCIL) has partnered with Indian Oil Corporation Limited (IOC) to form a joint venture focused on developing large-scale green energy projects in Tamil Nadu. This collaboration, formalized by a Memorandum of Understanding, aims to advance renewable energy initiatives including solar, wind, and storage solutions. The partnership signifies a strategic move for NLCIL's diversification into clean energy and contributes to India's sustainable development goals.
India-bound ships begin Strait of Hormuz transit as US lifts Iran blockade; Chabahar, INSTC in focus
Three cargo ships are now transiting the Strait of Hormuz, signaling a significant shift after the US ended its blockade of Iranian ports and Tehran eased maritime restrictions. This development follows a peace deal, paving the way for India to resume economic ties, including energy trade and the crucial International North South Transport Corridor.
India to lead next phase of global steel demand, says Lakshmi Mittal
India is set to become the global leader in steel demand. This shift follows decades of strong growth from China. Lakshmi Mittal, executive chairman of ArcelorMittal, highlighted infrastructure development, urbanisation, and energy transition investments as key drivers. Operating in 2026 presents new challenges and opportunities.
I Squared, US DFC to set up $3 billion energy infrastructure platform in Asia
I Squared Capital and the US International Development Finance Corporation are partnering. They will create a three billion dollar investment platform. This platform will focus on energy infrastructure in South and Southeast Asia. The goal is to boost energy connectivity with the Indo-Pacific region. It will support US LNG and energy exports.
Madhya Pradesh set to emerge as a major nuclear power hub in country: Official
Madhya Pradesh is becoming a significant nuclear power center. Projects totaling 7,000 MW are underway, with more private sector proposals being considered. This development aligns with national goals for clean energy. The state's proactive approach is attracting new nuclear power projects, positioning it as a key hub for future energy generation in India.
Green power push gets grid backing
India is setting standard timelines for power transmission projects. This aims to match infrastructure development with new electricity generation, especially for renewable energy. Delays in power evacuation have been a problem. New timelines cover substations and transmission lines. This will help ensure power projects are ready on time.
Ashok Leyland, Tata Motors and other CV stocks soar up to 9%. What’s triggering the surge?
US and Iran have reached an initial peace agreement to end their nearly four-month conflict, restore shipping through the Strait of Hormuz, and ease global energy disruptions. The deal, to be signed in Switzerland on June 19, also covers broader regional issues including Lebanon. This development has boosted market sentiment as oil supply concerns begin to ease.