Market News
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After E20 petrol, India eyes 15% isobutanol blend in diesel: Nitin Gadkari
India plans 15% isobutanol blending in diesel, says Nitin Gadkari. This aims to cut fossil fuel imports and boost energy self-reliance.
Bullish futures positioning hints at upside in large-cap stocks
Indian stock markets are seeing pockets of strength, particularly in mid- and small-cap segments, with optimism now extending to select large-cap stocks. Analysts highlight several stocks showing bullish futures build-up and positive technical indicators. IndusInd Bank, Nalco, Shree Cement, HDFC AMC, Adani Energy Solutions, Nestlé India, and ONGC are identified as potential gainers, with specific entry points, targets, and stop-losses provided for traders.
India's power sector enters "value chain" reset led by transmission, storage and demand growth: Report
India's power sector is undergoing a overhaul, with transmission infrastructure and energy storage identified as key drivers for the next decade. Projections show installed capacity soaring to 900GW by FY32, supported by continued coal use and a surge in renewables. This expansion hinges on deploying increased energy storage to manage grid stability and meet rising demand from industries and new sectors.
India eyes oil exploration expansion after Middle East war shortages
In response to a critical energy supply crisis, India is ramping up its efforts in domestic crude exploration. The country, known for its reliance on oil imports, is set to unveil extensive uncharted regions for bidding. This initiative, named 'Samudra Manthan,' aims to enhance production levels in light of rising energy demands and global volatility, with significant funding earmarked for offshore drilling activities.
Is Greaves Cotton's diversification strategy starting to pay off?
The engineering company says businesses spanning energy, industrial solutions and exports are reducing its reliance on diesel three-wheeler engines, while acquisitions remain on the agenda.
Coal India inks JV with UPRVUNL to develop renewable energy projects in Uttar Pradesh
The joint venture company will be incorporated as a private limited company with an initial paid-up capital of ₹10 lakh and an authorised share capital of ₹10 crore. Its registered office will be located in Lucknow, Uttar Pradesh.
Ethanol blending has strengthened India's energy security without hurting vehicle performance: Former IOCL Chairman
India's ethanol blending programme is bolstering energy security, boosting farmer incomes by nearly ₹1.6 lakh crore, and cutting emissions significantly. Former IOCL Chairman B. Ashok asserts that scientific studies show E20 fuel poses no threat to vehicle engines or mileage, dispelling common misconceptions. This initiative has saved the nation substantial crude oil imports, reinforcing its economic and environmental benefits.
India, Japan agree on crude oil stockpiling & reserve systems
India and Japan are joining forces to bolster energy security, creating joint strategies for crude oil and petroleum product stockpiling to shield consumers and industries from West Asia conflict disruptions. The nations will share market insights, stabilize energy prices, and explore third-country energy sourcing and upstream investments. This collaboration aims to enhance regional energy resilience through shared mechanisms and dialogues.
BPCL raises stake in Brazil's IBV to 100% with ₹2,312 crore deal
BPCL has acquired the remaining 39.14% stake in Brazil's IBV for ₹2,312 crore, taking full ownership of the oil and gas company as it looks to strengthen India's energy security.
India refiner Nayara's gasoline sold to Russia via traders, sources say
Indian refiner Nayara Energy's gasoline is reportedly reaching Russia, which faces fuel shortages due to Ukrainian attacks. While Indian Oil Minister stated no direct sales, traders might be facilitating these shipments. Nayara, with a stake held by Russian oil major Rosneft, has been processing exclusively Russian crude and relying on traders for fuel exports since EU sanctions complicated its dealings.
Coal India's SECL strengthens monsoon measures for uninterrupted supply
SECL, a Coal India subsidiary, has implemented robust monsoon preparedness to ensure uninterrupted coal supplies crucial for India's energy security. The company achieved its best-ever first-quarter performance in production and offtake, with a significant portion directed to power utilities. SECL's extensive operations across Chhattisgarh and Madhya Pradesh underscore its vital role in meeting national energy demands.
Petronet LNG Ltd drops for fifth straight session
Petronet LNG Ltd is quoting at Rs 276.75, down 0.84% on the day as on 13:19 IST on the NSE. The stock tumbled 8.03% in last one year as compared to a 4.93% slide in NIFTY and a 9.07% spurt in the Nifty Energy index.