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Maruti Suzuki installs 1 MWh battery storage system at Kharkhoda facility
Maruti Suzuki commissioned a one MWh Battery Energy Storage System at its Kharkhoda facility. This system stores surplus solar power generated during low-demand periods. The new BESS will help stabilize the local electricity grid effectively. This initiative aligns with India's focus on building self-reliant energy ecosystems. The company remains committed to lowering emissions despite increasing production volumes.
NTPC Group commissions 50.4 MW capacity of Vanki Wind Energy Project
With this, the total installed capacity of NTPC group stands at 90,954 MW and commercial capacity at 89,874 MW.
OMCs, gas utilities remain top picks despite fresh oil price volatility: ICICI Securities
Probal Sen, Senior Research Analyst-Indian Oil & Gas Sector, Indian Agrichem Sector, Institutional Equities at ICICI Securities discusses India's energy outlook, LPG supply risks, ONGC and Oil India, while Trading.com's Peter McGuire shares his view on crude prices amid escalating West Asia tensions.
Sinopec unit signs engineering deal for Central Asia's first large-scale integrated biojet fuel complex
Sinopec Engineering will design Central Asia's first large-scale sustainable aviation fuel complex. This project in Uzbekistan will produce biomass-based SAF and e-SAF. The complex will utilize sorghum, rice husks, and straw as its primary feedstock. Solar power will serve as the main electricity source for the plant. This initiative supports Sinopec's low-carbon energy goals and Uzbekistan's aviation hub ambitions.
Maruti Suzuki commissions 1 MWh battery energy storage system at Kharkhoda plant
Maruti Suzuki commissioned a 1 MWh Battery Energy Storage System at its Kharkhoda plant. This system integrates into the plant's internal electricity distribution network as a pilot project. The battery storage will store excess solar power generated during low-demand periods. This initiative helps improve renewable energy utilization and reduce carbon emissions annually. The company remains committed to lowering emissions despite increasing production volumes.
BPCL, Asian Paints, IndiGo, Ixigo: Crude-Linked Stocks Fall Across Sectors As Oil Surges On US-Iran Strikes
The rise in crude oil prices weighed on stocks across sectors that typically face higher energy and raw material costs when oil becomes more expensive.
Airtel to Trent: 44 stocks likely to report double-digit profit slump in Q1. Are your stocks on the list?
Motilal Oswal expects 44 companies, including Bharti Airtel, Trent, IndiGo, HAL, GAIL and Cipla, to report double-digit year-on-year profit declines in the June quarter. Higher energy costs, weaker demand, geopolitical tensions and margin pressure are expected to weigh on earnings, even as overall corporate profit growth slows in Q1.
IndiGo, HPCL, other oil sensitive stocks plunge up to 5% as US strikes on Iran lift crude prices
Oil-sensitive Indian stocks tumbled significantly after US airstrikes on Iran. Crude oil prices climbed as sanctions on Iranian sales were reinstated. These events reignited concerns over Middle East stability and potential supply disruptions. Shipping through the Strait of Hormuz remains vulnerable, impacting global energy supply routes. Analysts expect oil inventories to stay under pressure until Gulf supplies resume.
One attack, one warning: The world's energy lifeline is still vulnerable
An attack on a Qatari LNG carrier in the Strait of Hormuz has raised concerns. This incident suggests ongoing threats to commercial shipping in the vital waterway. Energy markets may face potential repeated disruptions rather than widespread conflict fears. The dispute over Hormuz control remains unresolved, impacting global energy supplies.
Clean Max Enviro Energy Solutions commissions 530 MW renewable energy capacity in Q1 FY27
Total operational renewable energy portfolio now stands at 4.2 GW
Asian shares mixed, oil prices decline after Opec+ announces output hike
Asian shares and US futures were mixed on Monday following a long weekend on Wall Street, while selling of technology shares pulled benchmarks in Tokyo and Seoul lower. Oil prices slipped after OPEC+ announced Sunday that seven of its members plan to expand oil production by a combined total of 188,000 barrels per day in August. It was the fifth consecutive month OPEC+ members have agreed to raise output. The countries increasing their output are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman. Uncertainty over supplies persists as talks with Iran aimed at fully reopening the Strait of Hormuz appear to be on hold during funeral ceremonies for Ayatollah Ali Khamenei, which will continue for several days. In energy trading early Monday, Brent crude, the international standard, lost 25 cents to $71.87 a barrel. US benchmark crude lost 10 cents to $68.59 a barrel. Japan's Nikkei 225 lost 0.4% to 69,468.17. Tech giant SoftBank Group Corp. declined 3.4%, while computer
Poly Medicure among 4 stocks that closed below VWAP
Four Nifty500 stocks, Poly Medicure, Aditya Birla Real Estate, Siemens Energy India, and Onesource Specialty Pharma, closed over 2% below their VWAP on July 3, indicating potential bearish momentum and heightened selling pressure, according to technical scan data.