Oil companies' losses on LPG will reduce to Rs 160/cyl with Rs 50 hike in prices from this month: Report

Oil marketing companies in India are expected to see reduced losses on domestic LPG cylinder sales. Recent price hikes and declining international fuel costs are contributing factors. Losses are projected to decrease significantly by the second quarter of fiscal year 2025-26, potentially reaching near-zero levels if current trends persist, aided by improved refining margins.

NTPC invites bids to engage consultants to deploy SMR at old units

NTPC Ltd is considering integrating small modular reactors (SMRs) into its older coal-fired power plants, initiating a feasibility study for this purpose. This move aligns with the government’s push for 100 GW of nuclear capacity and private sector involvement. NTPC is also pursuing PWR technology indigenization and large-capacity nuclear plants, aiming for a 15 GW target.

CNG, piped gas to cost more in Mumbai Metropolitan Region starting today

CNG prices in Mumbai Metropolitan Region have increased by ₹1.50 per kg, now costing ₹79.50, while piped natural gas rose by ₹1 per unit, reaching ₹49. This marks the fourth CNG price hike in six months, attributed to rising domestic gas prices and exchange rates. Despite the increase, CNG remains a more economical option compared to petrol and diesel.

Indian Oil to invest Rs 61,000 crore to build petchem complex in Odisha

Indian Oil is set to invest Rs 61,000 crore in Paradip, Odisha, to establish a major petrochemical complex. This marks the company’s largest single-location investment, featuring a dual-feed cracker and downstream units for producing petrochemicals like Phenol and Polypropylene. The project is expected to boost Odisha’s industrial growth and create employment opportunities, solidifying its position as a key energy hub.

PFC signs pact to provide Rs 1 lakh cr to MMRDA for infra projects

Power Finance Corporation (PFC) has signed an agreement with MMRDA to provide substantial financial assistance, up to Rs 1 lakh crore, for infrastructure projects within the Mumbai Metropolitan Region. This collaboration aims to foster a strong working partnership between PFC and MMRDA. The MoU was formalized in Mumbai, with key figures like Maharashtra Chief Minister Devendra Fadnavis present.