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Hormuz shipping activity shows signs of recovery; Indian refiners shine amid disruption: S&P Global
Shipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far below pre-war levels. Indian refiners, however, are demonstrating remarkable resilience, successfully diversifying their crude oil sources to include Russian, Brazilian, West African, and US grades amidst ongoing global energy supply disruptions. Market watchers remain vigilant as geopolitical tensions continue to influence oil trade.
NLC India signs MoU with Indian Oil Corporation
For incorporation of a renewable energy JV
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.
Eleven India-bound vessels have crossed Strait of Hormuz since signing of Iran-US MoU: MEA
Eleven India-bound vessels have successfully navigated the Strait of Hormuz since the US-Iran agreement on June 17, according to MEA spokesperson Randhir Jaiswal. Ten Indian-flagged ships remain in the Persian Gulf, with two more entering the region. This crucial waterway, vital for global oil transit, has recently faced disruptions, raising concerns about energy supplies and market stability.
No bids made in Indian Oil tender for ships to carry Gulf cargoes, say sources
Indian Oil Corporation has failed to secure any bids for chartering vessels to transport crude oil and LPG from the Strait of Hormuz. Ship owners are hesitant due to the current geopolitical climate, preferring to await clearer terms before entering the region. The tenders sought to move significant quantities of LPG and crude from key Middle Eastern ports to India's west coast.
Top 10 winners and losers of Nifty 500 index during the US-Iran war: HFCL, Ola Electric surge while Vedanta, RVNL sinks
The US-Iran conflict has led to a 4-5% decline in Indian equity markets. Investor sentiment is dampened by geopolitical tensions and rising oil prices. While negotiations offer hope, concerns over delayed talks and volatility linger, impacting stock performance across sectors.
IOCL Solarises commissioned 150 kW Rooftop Solar System at its Guwahati facility
Facing energy security challenges, Indian Oil Corporation Limited (IOCL) has installed a 150-kW rooftop solar system at its Guwahati facility. This initiative aims to enhance operational resilience, reduce reliance on conventional power, and cut costs. The system is projected to save Rs 13.8 lakh annually and offers a quick ROI, bolstering energy reliability in a region prone to grid disruptions and supporting India's clean energy goals.
Indian Oil Corporation Ltd up for five straight sessions
Indian Oil Corporation Ltd is quoting at Rs 146.19, up 0.53% on the day as on 12:44 IST on the NSE. The stock is up 5.42% in last one year as compared to a 2.73% fall in NIFTY and a 14.16% fall in the Nifty Energy.
SEEPCO supplies 6 million barrels of Nigerian crude to Indian refiners
Amidst West Asia crisis concerns, India's state-run refiners diversified oil supplies by sourcing nearly six million barrels from Nigeria's SEEPCO between March and May 2026. This move, utilizing crude from SEEPCO's Okwuibome field, bypassed the Strait of Hormuz, bolstering India's energy security during global uncertainty.
US-Iran truce lifts markets; Sensex gains 736 points as oil prices fall
Indian equities advanced along with global markets after the US and Iran agreed on a framework to end the conflict, raising hopes of lower energy prices
Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex zooms over 850 pts, Nifty above 23,850; realt... - The Economic Times
Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex zooms over 850 pts, Nifty above 23,850; realt...The Economic TimesIndian shares join global rally on Gulf peace dealReutersSensex Today | Stock Market Live: Sensex up 860 pts, Nifty above 23,850; MTAR Tech, HDFC Bank, IFCI most activeMoneycontrol.comIndian stocks, rupee rally as crude oil prices drop on West Asia peace deal announcementThe Indian ExpressStock Market Live June 15: Sensex rises 900 points, Nifty tops 23,900; rupee gains on Iran-US deal optimismBusinessLineStock Market LIVE: Sensex off 400 pts from day's high; Nifty below 23,950; Ashoka Buildcon jumps 14%Business StandardSensex jumps 1,200 points: Why is stock market rising today?India TodayFrom Gift Nifty, US-Iran peace deal to crude oil prices: 10 key things that changed for Indian stock market over weekendMintSensex Today Rallies 1,695 Points | Nifty Above 23,600 | 4 Reasons Why Indian Share Markets Are RisingEquitymaster
Rupee rises 39 paise against US dollar as crude oil prices ease
Indian rupee opens 39 paise stronger against US dollar as crude oil prices fall on renewed US Iran deal hopes, easing energy cost concerns.