Month: April 2025

The US has imposed sanctions on Jugwinder Singh Brar, an Indian national based in the UAE, and two India-based entities for their involvement in Iran’s “shadow fleet.” Brar’s companies, including Global Tankers and B and P Solutions, are accused of shipping Iranian oil on behalf of NIOC and the Iranian military, utilizing ship-to-ship transfers and falsifying documents to evade sanctions.

The Supreme Court has appointed a third arbitrator to resolve the dispute between Talwandi Sabo Power Ltd (TSPL), a Vedanta subsidiary, and SEPCO Electric Power Construction Corporation. This dispute stems from engineering and construction agreements for a thermal power project in Punjab, initiated in 2009, with arbitration invoked in 2015 due to disagreements.

A PNGRB study forecasts India’s natural gas consumption to surge by 8% annually, reaching 297 mmscmd in five years. City gas distributors are poised to become the largest demand driver by 2030, consuming 87.1 mmscmd, surpassing the fertilizer sector. This growth is fueled by infrastructure expansion, CNG vehicle adoption, and supportive government policies.

India’s power demand is expected to grow 6.5–7.5% year-on-year in Q1 FY25, slower than the 11% growth seen in the same period last year, according to Crisil Intelligence. Driven by rising summer temperatures and industrial activity, overall power demand rose 4.3% in FY25 to 1.7 trillion units. Coal despatches to power plants also increased, boosting inventory levels.

The land compensation amount was deposited in the joint account of DC & DLRSO, Dibang Valley on March 26, 2025, Raj Kumar Chaudhary, Chairman & Managing Director (Additional Charge) of SJVN, informed during a review meeting chaired by Arunachal Pradesh Chief Minister Pema Khandu on Thursday.

Adani Energy Solutions Ltd reported a 30% increase in its transmission network length, reaching 26,696 circuit kilometers due to new order wins. The company secured two new transmission projects, Navinal (Mundra) Phase I Part-B 1 and Mahan Transmission, totaling Rs 5,000 crore.

According to industry data, private players grew both their combined domestic diesel and petrol retail sales by 19.7% year-on-year in FY25. By comparison, state-run companies’ combined diesel sales dropped by 0.6%, while petrol grew by 6.4%. The overall sales growth for private and public retailers combined was 7.5% in petrol and 1.2% in diesel.

Coal India Ltd paid ₹5,832.69 crore to the government in March, down 4.7% year-on-year. Its FY25 total stood at ₹60,959.52 crore, up 1.2%. Jharkhand, Odisha, MP and Chhattisgarh received the most. CIL’s FY25 output was 781.1 MT, below target, but up 1% from last year.

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.

Reliance Industries has commenced a 21-day maintenance shutdown this week at its 660,000 barrels-per-day refinery in Jamnagar, India, impacting a crude unit and several secondary units. The shutdown also includes maintenance on a diesel hydrotreater. The company did not immediately respond to requests for comment.