Energy & Petroleum News Today

Gujarat's plastic manufacturing units are cutting production, operating below 50% capacity, as polymer prices double due to higher crude costs, threatening working capital and potential factory closures.

India established the Integrated Transport & Logistics Authority to decarbonize supply chains, cutting logistics costs to 8-10 percent of GDP and targeting net-zero emissions by 2070.

The Union Government approved Green Energy Corridor Phase III with an outlay of ₹1.86 lakh crore, aiming to evacuate 135 GW of renewable energy and add 50 GWh of battery storage by FY2033.

Bengaluru is emerging as a key hub for India's ₹50,000-crore BESS expansion, driven by government incentives, robust research ecosystems, and rising demand for renewable energy grid integration.

Honda's upcoming electric SUV, based on the Zero Alpha concept, will be locally produced in Rajasthan, feature a 2,800mm wheelbase, offer over 500km range, and launch by FY2026-27.

Economist Lord Nicholas Stern stated India is well positioned to provide global leadership amid rising geopolitical, climate, and energy-security risks, highlighting its growing international significance and economic scale.

India and Canada are targeting CAD 70 billion in bilateral trade by 2030, shifting focus from oil to long-term partnerships in nuclear reactors, critical minerals, and value-added manufacturing.

Keralam will receive up to 300 MW of power from NTPC's Sinnar plant to ease its power crunch. The state also planned major battery storage and solar energy projects to meet long-term energy needs.

Flood-displaced residents whose homes were destroyed continue to receive electricity bills with VAT and penalties, adding to their hardship as authorities demand complex documentation to disconnect power meters.

The Iran war's energy shock disrupted global oil and gas supplies, causing high prices and shortages in vulnerable nations like India and Pakistan, prompting urgent investments in resilience and reserves.