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HMEL to invest Rs 2,600 cr in speciality, fine chemicals sector in Punjab: LN Mittal
HPCL-Mittal Energy Limited (HMEL) announced a Rs 2,600 crore investment in Punjab's speciality and fine chemicals sector. Additionally, HMEL plans to launch 500 new retail fuel outlets nationwide, equipped with modern technology. This expansion follows HMEL's significant Rs 60,000 crore investment in its Bathinda refinery, Punjab's sole oil refinery.
Oil may hit $180, market can fall 10% if Strait of Hormuz stays shut for 10 more days: Demeter
Ashwini Agarwal, Founder & Partner at Demeter Advisors, told CNBC-TV18 that if the Strait of Hormuz remains shut for another 10 days, crude oil prices could surge to around $180 per barrel and global markets, including India, may fall about 10%. He said this is a low-probability scenario but investors should remain mentally prepared for such risks as tensions in West Asia continue to impact global energy supply and financial markets. Once tensions ease, financial stocks could lead the market recovery as they have been among the hardest hit but are less directly affected by the Middle East conflict.
3 Cheap Mid-Cap Energy Stocks to Own as Oil Prices Surge to $100 - Investing.com India
3 Cheap Mid-Cap Energy Stocks to Own as Oil Prices Surge to $100Investing.com India
Five Stocks To Watch: BSE, NTPC, BHEL, Petronet And GE Shipping | March 13, 2026
Top picks include stock exchange operator BSE, state-run power heavyweights NTPC and BHEL, energy player Petronet LNG, and shipping major Great Eastern Shipping (GE Shipping).
Iran threatens to 'set region's oil and gas on fire' if energy infrastructure attacked
Iran has issued a stern warning, threatening to disrupt the region's oil and gas industry if its energy infrastructure or ports face any attacks. A spokesman for the Iranian military's central operational command stated that any aggression would result in widespread destruction of the area's energy resources.
US allows countries to buy Russian oil stranded at sea for 30 days
The United States has issued a 30-day license allowing countries to buy Russian oil and petroleum products currently stranded at sea, as part of efforts to stabilize global energy markets disrupted by the war involving Iran. US Treasury Secretary Scott Bessent said the move would not provide significant financial benefit to the Russian government.
Stocks in news: Tata Steel, Kaynes Tech, GAIL, Somany Ceramics, TVS Motor
Indian markets continued their downward trend on Thursday. Several companies saw significant news. BofA Securities invested in Kaynes Technologies. GAIL assured uninterrupted gas supply to Bengaluru. South Indian Bank launched EPF payment services. DCM Shriram approved renewable energy investment. TVS Motor launched a new electric scooter. Tata Steel moved court over a GST demand.
'Alternate sources in play to meet peak power demand this summer'
India anticipates sufficient power supply this summer. New coal and renewable energy capacities will meet demand. Battery storage is also coming online. This comes as gas-fired power generation may be reduced. Peak power demand is projected to rise significantly. The government has alternative resources to ensure adequate supply.
India's kitchens safe amid energy shock, assures Hardeep Puri
As the world grapples with an intense energy upheaval, India remains steadfast in its commitment to its citizens by prioritizing access to cooking fuel. The government is actively protecting LPG supplies while maintaining consumer prices against the backdrop of global market shifts. Crude oil remains in supply, and LPG production has been ramped up to meet demand.
Gold, silver rates today: Comex gold slides $64/oz; silver drops $1.5 as rising dollar caps safe-haven demand
Gold and silver prices dropped on 12 March, influenced by a strong US dollar and reduced expectations of interest rate cuts. The Israel-Iran conflict escalates, impacting crude oil prices, with Iran targeting energy infrastructure.
Oil unlikely to hit $200 a barrel despite war risks, says US energy secretary
US Energy Secretary Chris Wright has stated that it's improbable for global oil prices to soar to $200 a barrel. Tensions rise as crude tankers find themselves trapped in the Strait of Hormuz amid escalating conflict between the US and Israel against Iran.
Coal India Share Price Jumps 4% as Energy Stocks Rally | Stock Market Today - Samco
Coal India Share Price Jumps 4% as Energy Stocks Rally | Stock Market TodaySamco