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Rs 1,600-1,700 Crore A Day, Rs 1 Lakh Crore In 10 Weeks: Cost Of Insulating India From Global Energy Shock
Despite a 50 per cent surge in input crude oil prices, petrol and diesel continue to be priced at a two-year-old rate of Rs 94.77 a litre and Rs 87.67 per litre respectively. Domestic cooking gas LPG prices were raised in March by Rs 60 per cylinder, but they are still way lower than the actual cost.
Rs 1,600-1,700 cr a day, Rs 1 lakh cr in 10 weeks: Cost of insulating India from global energy shock
State-owned oil firms are incurring massive daily losses, estimated at Rs 1,600-1,700 crore, to shield Indian consumers from global energy price shocks. This has led to over Rs 1 lakh crore in under-recoveries in 10 weeks, raising concerns about their financial sustainability and the need for potential price hikes.
Gujarat builds 870 MW battery power backup network to stabilise renewable energy grid
Gujarat has launched battery storage systems totaling 870 MW across five locations to ensure renewable power grid stability. The state has also registered 13 additional projects and integrated BESS with its first solar village, Modhera. This initiative strengthens Gujarat's position as a leader in battery storage solutions in India.
Ignore market noise, India’s long-term story intact, say D-Street bulls Ramesh Damani and Sunil Singhania
Indian markets face temporary challenges with foreign outflows and geopolitical concerns. However, top investors Ramesh Damani and Sunil Singhania emphasize that India's fundamental growth drivers are strong. They advise retail investors to ignore short-term noise and focus on long-term wealth creation through disciplined investing and compounding. Sectors like defence, infrastructure, and energy offer opportunities.
India’s fuel resilience amid global oil turmoil
The article describes India’s economy as “resilient” amid the West Asia crisis, highlighting the country’s ability to maintain stable fuel prices despite a sharp global rise in crude oil prices. It credits strong domestic demand, expanding refining capacity, renewable energy growth and government intervention for insulating consumers from global energy shocks.
Tata Comm acquires stake in Clean Max SPV
For captive consumption of renewable energy
IRM Energy consolidated net profit rises 190.66% in the March 2026 quarter
Sales rise 4.41% to Rs 279.67 crore
Indian Energy Exchange Schedules Analyst and Institutional Investor Meetings from May 11 to 13, 2026 - scanx.trade
Indian Energy Exchange Schedules Analyst and Institutional Investor Meetings from May 11 to 13, 2026scanx.trade
Fuel price hike on the cards as India struggles to absorb soaring crude costs
India is grappling with significant economic challenges due to elevated global fuel prices. The government has absorbed substantial daily losses to shield consumers. However, the ongoing West Asia crisis and disruptions to energy supply routes are making this unsustainable. Tough decisions loom regarding fuel price adjustments to manage the financial burden and ensure energy security for the nation.
Earnings call transcript: Source Energy’s Q1 2026 results fall short, stock dips - Investing.com India
Earnings call transcript: Source Energy’s Q1 2026 results fall short, stock dipsInvesting.com India
Bondada receives its second order worth Rs 816 cr from NTPC Group
Bondada Engineering has received a prestigious Notification of Award (NOA) from NTPC Green Energy for execution of Balance of System (BOS) works for a 600 MW for Block - 1 & Block - 3 Solar PV Project at Fatehgarh, Rajasthan.
Tsakos Energy Navigation stock hits 52-week high at 44.21 USD - Investing.com India
Tsakos Energy Navigation stock hits 52-week high at 44.21 USDInvesting.com India