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OMCs lost Rs 18.9/litre on diesel, ₹6 on petrol in Q1

OMCs lost Rs 18.9/litre on diesel, ₹6 on petrol in Q1

OMCs lost ₹18.9/litre on diesel and ₹6/litre on petrol in Q1 (April-June) due to domestic prices being below international rates, incurring ₹75,000 crore in losses.
India’s BPCL expands overseas upstream footprint through stake acquisition in Brazil

India’s BPCL expands overseas upstream footprint through stake acquisition in Brazil

India's BPCL acquired a 100% stake in Brazil's IBV Brasil Petróleo Ltda. This expands its overseas upstream footprint, aiming to build oil and gas supply chains and soften future disruption impacts.
Europe gas hits 3-week high as low storage worries outshine U.S.-Iran progress

Europe gas hits 3-week high as low storage worries outshine U.S.-Iran progress

European natural gas prices hit a three-week high on Friday. This surge is driven by anxieties over slow storage replenishment, overshadowing the positive outcome of U.S.-Iran peace talks.
HZL bets on critical minerals, eyes rare earth magnets as part of Rs 50,000 crore expansion

HZL bets on critical minerals, eyes rare earth magnets as part of Rs 50,000 crore expansion

HZL plans Rs 40,000-50,000 crore expansion, focusing on critical minerals like rare earth magnets, potash, and tungsten. It secured blocks in UP, Rajasthan, aiming to double metal production to 2 million tonnes, reducing import dependence.
Caste info optional in Gruha Jyothi survey: Bengaluru power utility

Caste info optional in Gruha Jyothi survey: Bengaluru power utility

Bescom clarifies caste details are optional for Gruha Jyothi scheme eligibility, following criticism. Refusal won't affect benefits. A helpline (9480816111-14, 6 am-10 pm) is open for queries.
Second time lucky: PM Modi to finally dedicate HPCL's Pachpadra refinery to nation on July 4 after April blaze

Second time lucky: PM Modi to finally dedicate HPCL's Pachpadra refinery to nation on July 4 after April blaze

PM Modi dedicates HPCL's Pachpadra refinery (Rs 79,450 Cr) on July 4, part of Rs 1.06 lakh Cr projects. This includes solar, metro, rail, road, airport, and a Rs 7,500 Cr semiconductor facility, boosting infrastructure and energy.
Northeast: The catalyst for India’s economic growth

Northeast: The catalyst for India’s economic growth

Northeast India, a growth catalyst, received Rs 5 lakh crore investment since 2014, with Rs 11 lakh crore in pipeline. Its oil, gas, and mineral resources boost industries, crucial for India's economic goals.
Gurugram Travel Costs Rise Amid Fuel Pressure

Gurugram Travel Costs Rise Amid Fuel Pressure

Gurugram travel costs are up 20-30% due to rising fuel prices, making summer packages unaffordable. This has led to a noticeable slowdown in holiday demand, impacting tourism and related sectors.
SUGS Lloyd Wins ₹3.37 Crore Power Distribution Contract in Madhya Pradesh

SUGS Lloyd Wins ₹3.37 Crore Power Distribution Contract in Madhya Pradesh

SUGS Lloyd secured a ₹3.37 crore power distribution contract from MPPKVVCL in Madhya Pradesh. This strengthens its regional footprint, positioning it for larger projects and contributing to revenue predictability and growth in the power EPC sector.
Serentica Renewables Commissions 3 GW Renewable Energy Capacity Across India

Serentica Renewables Commissions 3 GW Renewable Energy Capacity Across India

Serentica Renewables commissioned 3 GW of solar and wind capacity across India in 26 months, generating 6 billion units annually and avoiding 5.6 million tonnes CO2. They plan an additional 3 GW in 12-15 months for industrial decarbonisation.

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