Month: April 2025

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 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 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.

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.

Oil Minister Hardeep Singh Puri announced a Rs 50 hike in LPG cylinder prices, impacting both Ujjwala beneficiaries and regular consumers. Despite the increase, subsidized rates will continue for Ujjwala users, while regular consumers will also see a reduced price.

The government increased excise duty on petrol and diesel by Rs 2 per litre, capitalizing on lower international oil prices to bolster revenue. While pump prices remain unchanged, LPG prices will rise by Rs 50 per cylinder. This duty hike aims to generate Rs 32,000 crore annually, offsetting oil companies’ LPG losses, though the timing of reimbursement remains uncertain.

The government has increased excise duty on petrol and diesel by Rs 2 per litre to boost revenues despite falling global crude prices. This move aims to offset the financial impact of recent tax cuts and windfall tax reliefs. India’s oil minister suggests potential future fuel price reductions if low crude prices persist.

The price of liquefied petroleum gas (LPG) will rise by Rs 50 per cylinder starting April 8, according to Union Oil Minister Hardeep Singh Puri. The government will review LPG prices bi-weekly. Additionally, excise duty on petrol and diesel is being increased by Rs 2 per litre, but retail prices are expected to remain unchanged.