Petrol, diesel, jet fuel, and LPG sales in March 2024 grew at a slower pace compared to the full year, with petrol seeing a 5.3% rise and diesel at 0.9%. Full year growth for petrol was 7.3% and 2% for diesel. Jet fuel and LPG also showed moderated increases.
JSW Energy installed generation capacity touches 10.9 GW in FY25
JSW Energy has surpassed its FY25 target, reaching an installed generation capacity of 10.9 GW, exceeding the 10 GW goal. The company added 3.6 GW during FY25, with 1.3 GW from wind energy and 1.8 GW from KSK Mahanadi Power Ltd. JSW aims for 20 GW capacity by 2030, focusing on sustainable and reliable power for energy security.
NHPC to begin investment in 750-MW pumped hydro storage project in Gujarat
NHPC will begin investment in the 750-MW Kuppa Pumped Storage Project in Gujarat during FY26, instead of FY25, with project work resuming soon. An agreement signed in March 2024 with GPCL involves an estimated investment of Rs 4,000 crore in the project.
Power consumption grows nearly 7% to 148.48 bn units in March
India’s power consumption increased by 7 percent in March 2025 compared to March 2024, due to higher temperatures. Peak power demand also saw a rise, reaching 235.22 GW. The summer is expected to bring further increases in power demand due to hotter-than-usual temperatures and more heatwave days according to the Meteorological Department.
US approves Holtec to build nuclear reactors in India, reviving Indo-US nuclear deal
The US Department of Energy has approved Holtec International to transfer small modular reactor (SMR) technology to India, enabling the design and construction of nuclear reactors. Holtec will collaborate with Indian firms while adhering to US restrictions on technology transfer. This eases a key barrier in the Indo-US nuclear agreement from 2007.
Cairn Oil & Gas signs contract to hire Parker Wellbore's drilling rig
Cairn Oil & Gas, part of Vedanta Group, has signed an agreement to hire a high-performance drilling rig from Parker Wellbore for use in Barmer, Rajasthan. This move aligns with Cairn’s efforts to increase production and support exploration in the region, enhancing operational performance and growth.
NTPC Group power generation grows to 438.6 BUs; adds 3,972 MW capacity in FY25
NTPC Group reported a 4% rise in power generation, reaching 438.6 billion units for the financial year ending March 31. The group added 3,972 MW, bringing its total capacity to 80 GW. An additional 32 GW, including 15 GW of renewable energy, is under construction. NTPC aims for 60 GW of renewable capacity by 2032, while exploring new business areas.
Trump’s Russian oil threat pushes India to seek alternatives
Indian refiners are urgently seeking alternative crude oil supplies following US President Trump’s threat of additional sanctions on Russian oil. Bharat Petroleum Corp. and Hindustan Petroleum Corp. are targeting sources in the Middle East, North Sea, and Mediterranean to mitigate potential disruptions.
Jet fuel and commercial LPG prices reduced in April revision
LPG Price cut: Oil marketing companies (OMCs) have reduced the price of 19-kg commercial LPG cylinders by Rs 41, effective April 1, 2025. In Delhi, the new price is Rs 1,762. This follows a Rs 6 hike in March after a Rs 7 reduction in February. Businesses such as hotels and restaurants are affected by these fluctuations. Domestic LPG prices remain unchanged.
Out with old, in with new(clear): Companies plan nuclear foray
Several companies including NTPC, NPCIL, Tata Power, and Adani Power are scouting sites for nuclear plants to support the government’s vision of 100 GW nuclear power by 2047. Stakeholder consultations are underway for changes to laws allowing private sector participation. NTPC and others have identified potential sites, particularly in coastal states.