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ONGC’s ₹4,606cr Bet on the Bay: How a Slice of the Krishna–Godavari Basin Could Fuel India’s Energy Push

19Apr

By Newscript News NetworkNo Comments

Corporate Watch

ONGC’s ₹4,606cr Bet on the Bay: How a Slice of the Krishna–Godavari Basin Could Fuel India’s Energy Push

By Pallab Bhattacharya Newscript, August 12, 2025 Fig.1: Arms Of Urja Oil and Natural Gas Corporation’s latest move is not a mega-field gamble but a calculated strike on two modest offshore blocks that could quietly strengthen India’s energy security. The ₹4,606.35 crore investment in Andhra Pradesh’s Chandrika and GS-49 fields, sitting under the shallow waters of the Bay of Bengal, is about squeezing proven reserves with precision rather than chasing headline-grabbing wildcats. Ten wells, two unmanned platforms, a pipeline to shore, and an expanded onshore terminal at Odalarevu form the skeleton of the project. If all goes to plan, first gas could flow by the latter half of the decade. But before any drill bit turns, the project must pass its first—and potentially slowest—tes...

As Fire Rages in the Gulf, India Rethinks Its Energy Compass

19Apr

By Newscript News NetworkNo Comments

Uncategorized

As Fire Rages in the Gulf, India Rethinks Its Energy Compass

By Pallab Bhattacharya For: www.newscript.co.in New Delhi: The dramatic escalation in Middle Eastern tensions—sparked by the June 22 U.S. airstrikes on Iranian nuclear facilities—has reverberated well beyond the deserts of the Gulf. For India, the world’s third-largest oil importer, the flashpoint is not just geopolitical—it is existential. As Tehran threatens to block the Strait of Hormuz, India faces the spectre of disruption to nearly half of its oil and LNG supplies. The 39-kilometre-wide maritime corridor between Iran and Oman may soon define the energy security doctrine of South Asia’s biggest economy. The numbers are sobering. Approximately 40–45% of India’s crude oil imports and 50% of LNG cargoes pass through Hormuz, feeding one of the world’s fastest-growing economies...

19Apr

By Newscript News NetworkNo Comments

News Update

Indigenous Manufacturing Push

By Pallab Bhattacharya Newscript, August 16, 2025 A quiet revolution is underway in India’s clean energy supply chain. Companies like L&T and InSolare Energy are spearheading efforts to localise manufacturing, reducing dependence on imports and building domestic capability. L&T has emerged as India’s only large-scale manufacturer of alkaline electrolysers, with a supply chain entirely within India. This gives it a strategic edge as global electrolyser markets tighten amid rising demand. InSolare, meanwhile, is leveraging in-house electrolyser technology and indigenous module manufacturing to build a vertically integrated platform. Policymakers see localisation as essential for both energy security and job creation. Incentives under the PLI schemes are accelerating ...

Energy Technology Innovation : Avaada’s Comprehensive Strategy

19Apr

By Newscript News NetworkNo Comments

News Update

Energy Technology Innovation : Avaada’s Comprehensive Strategy

By Pallab Bhattacharya Newscript, August 16, 2025 Avaada Group has rapidly carved out a reputation as one of India’s most diversified clean energy players, with a portfolio spanning solar, wind, hybrid, and storage systems, alongside new ventures in green hydrogen. The company’s strategy hinges on integration—combining smart EPC execution, in-house engineering, and strong O&M capabilities to deliver projects at scale and on time. Backed by international investors, Avaada has been expanding aggressively into industrial and state-level tenders. Its foray into green hydrogen is seen as both opportunistic and strategic, aligning with India’s push to become a global hub for hydrogen exports. Executives emphasise that Avaada’s differentiation lies in its technology-agnostic ...

Oil Crisis Looms: India Faces Energy and Trade Turbulence Amid Middle East War

19Apr

By Newscript News NetworkNo Comments

News Update

Oil Crisis Looms: India Faces Energy and Trade Turbulence Amid Middle East War

By Pallab Bhattacharya As the Middle East plunges deeper into conflict after U.S. airstrikes on Iranian nuclear facilities, the spectre of a global oil crisis is no longer hypothetical. For India, the world’s third-largest oil importer, the fallout is immediate and multidimensional—threatening not only energy security but also trade, inflation, and regional connectivity. Strategic Chokepoints Under Threat The Strait of Hormuz, a narrow waterway off Iran’s southern coast, has become the world’s most-watched geopolitical flashpoint. Roughly 20% of global oil and a third of LNG flows pass through this corridor. For India, the stakes are acute: more than half of its crude oil imports and nearly 70% of its natural gas needs transit this route. Any disruption—whether from Iranian threats ...

US Airstrikes on Iranian Nuclear Sites Shatter a Fragile Deterrent

19Apr

By Newscript News NetworkNo Comments

Geopolitics

US Airstrikes on Iranian Nuclear Sites Shatter a Fragile Deterrent

In the most consequential American military action in the Middle East in over a decade, the United States has struck three of Iran’s key nuclear facilities, dramatically expanding a conflict that had until now largely been waged in the shadows. The pre-dawn aerial bombardment, reportedly conducted by B-2 Spirit stealth bombers, targeted the Fordow uranium enrichment complex, the Natanz centrifuge facility, and a site near Isfahan. The Pentagon confirmed the strikes were aimed at “strategic containment” of Iran’s nuclear capability. Fordow Nuclear Site: The Strike’s Epicenter Fordow, buried under 80 meters of reinforced rock near Qom, has long been a cornerstone of Tehran’s nuclear ambitions. Intelligence leaks indicated uranium enrichment at Fordow had reached 83.7% purity, danger...

Wind Energy Corporate Performance : Suzlon’s Strong Recovery

19Apr

By Newscript News NetworkNo Comments

Renewables

Wind Energy Corporate Performance : Suzlon’s Strong Recovery

By Pallab Bhattacharya Newscript, August 16, 2025 Suzlon Energy has delivered one of the strongest corporate turnarounds in India’s renewable sector, posting a 62% rise in EBITDA to ₹599 crore and a 55% revenue increase in Q1 FY26. The company, long seen as a cautionary tale of over-leverage and missed opportunities, is now re-emerging as a top performer, boasting a 73.05% five-year CAGR. The revival is built on a more disciplined business model. Suzlon has streamlined operations, deleveraged its balance sheet, and focused on profitable segments rather than chasing unviable expansion. Its latest wind turbine platforms are being touted as competitive with global benchmarks, and order books are swelling as states ramp up tenders for onshore wind. Analysts say Suzlon’s strengt...

ONGC sees rare output recovery, bets on partnerships

19Apr

By Newscript News NetworkNo Comments

News Update

ONGC sees rare output recovery, bets on partnerships

By Newscript News Network August 21,2025 After nearly a decade of decline, Oil & Natural Gas Corporation (ONGC) reported a 0.9% rise in standalone crude oil output in FY25, marking its first annual production growth since 2015. Despite the uptick, ONGC’s total output has slipped from 22.53 MMT in FY21 to 20.89 MMT in FY25. To arrest the decline, ONGC has signed a framework with BP to provide technology services for the Mumbai High revitalisation, one of India’s most mature fields. “Technology partnerships are critical if ONGC is to maintain India’s upstream security,” said an energy analyst at CLSA, which recently raised its target price for ONGC to ₹360, citing eastern offshore ramp-ups and possible removal of the windfall tax. Exploration is also intensifying, with 578 w...

IOC resumes Russian oil flows, diversifies with US crude

19Apr

By Newscript News NetworkNo Comments

News Update

IOC resumes Russian oil flows, diversifies with US crude

By Newscript News Network August 21, 2025 Indian Oil Corporation (IOC) and Bharat Petroleum (BPCL) have resumed imports of Russian Urals crude for September–October delivery, ending a brief suspension in July when discounts narrowed and US diplomatic pressure mounted. Industry officials said Urals is now trading at about $3 per barrel below Brent, restoring its competitiveness. “India continues to optimise its crude basket while maintaining strategic autonomy,” said a senior oil ministry official. At the same time, IOC has purchased two million barrels of US West Texas Intermediate (WTI) for October delivery at a $2.80–$2.90 premium to dated Brent. The deal is seen as part of a diversification strategy to balance risks after the Trump administration announced a 25% tariff on India...

ReNew Leans Into Storage and Hydrogen to Lift Portfolio Returns

19Apr

By Newscript News NetworkNo Comments

News Update, Renewables

ReNew Leans Into Storage and Hydrogen to Lift Portfolio Returns

ReNew Power remains among India’s largest independent power producers with a portfolio above 10.6 GW spanning solar, wind and hybrids. The centre of gravity is shifting toward grid‑scale storage to capture evening peaks and improve merchant optionality, and toward early green‑hydrogen pilots aimed at industrial decarbonisation. The company’s edge lies in scale, disciplined bidding and fast execution, while a global listing ensures access to diverse capital pools. The operating focus is mix optimisation—hybrids plus storage—to stabilise cash flows in a tariff‑competitive market. Execution on storage commissioning timelines and offtake visibility with creditworthy counterparties will define returns. Market view & expert recommendations: The overall tone is optimistic but selective....