Energy & Petroleum News Today

Karnataka state-run bus fares will increase from November 5 due to mounting losses of ₹9,000 crore and rising diesel costs, affecting daily commuters across the state.

Virginia-based 247Solar signed a 25-year deal with India's NTPC Limited for the country's first commercial solar-thermal project, aiming to deliver round-the-clock clean electricity and reduce coal reliance.

India's state fuel retailers posted a Rs 30,106 crore profit driven by refining gains, but face Rs 67,900 crore in under-recoveries due to frozen retail prices and delayed LPG subsidies.

The REI Expo 2026 secured over ₹3,200 crore in bioenergy investments, driven by India's ₹23,731 crore GOBARdhan scheme to boost domestic biogas and compressed biogas production.

Solex Energy plans a $1.5 billion US expansion amid India's solar supply gap, featuring 262 GW of module capacity versus just 37 GW of cell production.

India faces a solar manufacturing imbalance with 262 GW of module capacity versus 37 GW of cell capacity, prompting Solex Energy to explore US expansion and seek domestic policy extensions.

Energy-efficient building design can significantly reduce India's urban power burden, where buildings consume over 30% of total electricity. Proper architecture, zoning, and smart sensors help cut cooling loads and emissions effectively.

Sona Comstar plans to increase annual investments beyond ₹500-600 crore amid rising EV revenues, a 31% profit jump to ₹223 crore, and ₹3,600 crore in new quarterly orders.

GCC leaders stress that the Strait of Hormuz remains vital for global trade and energy, dismissing ideas of its obsolescence despite disruptions affecting significant crude oil and LNG supplies.

Western Coalfields Limited celebrated Coal India's 52nd Foundation Day, highlighting robust growth with 32.96 million tonnes in coal production and a 76.29% surge in Profit Before Tax for FY 2026-27.