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ONGC squeezes brownfields while scouting new offshore pools

19Apr

By Newscript News NetworkNo Comments

Oil & Gas Industry

ONGC squeezes brownfields while scouting new offshore pools

Oil and Natural Gas Corporation (ONGC) reported an 18% rise in consolidated profit in Q1 FY26, despite a 20% fall in realised crude prices to $66 per barrel. The story is one of disciplined engineering: smaller exploration finds in Mumbai Offshore, restart of the PY-3 field in the Cauvery Basin, and enhanced oil recovery projects at mature fields in Ahmedabad. Gas is becoming the strategic cushion. ONGC has brought coal-bed methane from North Karanpura to market and commenced supplies from Tripura into GAIL’s city-gas network. These incremental additions mirror international practices—Equinor in Norway and Petrobras in Brazil have likewise prioritised brownfields and small pools when prices soften. Safety remains under scrutiny after a recent fatal incident at subsidiary MRPL. Manage...

IREDA Emerges as the Pure‑Play Lender to India’s Clean‑Tech Build‑Out

19Apr

By Newscript News NetworkNo Comments

News Update, Renewables

IREDA Emerges as the Pure‑Play Lender to India’s Clean‑Tech Build‑Out

IREDA’s niche is its moat. As India’s dedicated renewable‑energy financier, it brings specialised appraisal for solar, wind, storage and hydrogen projects and aligns closely with policy priorities. With annual bids of ~50 GW through FY28 and storage/hydrogen schemes scaling, the pipeline spans utility‑scale and commercial‑industrial demand. By standardising risk metrics for newer technologies, IREDA acts as the conduit between policy ambition and bankable projects. As blended‑finance pools deepen and green‑bond markets widen, IREDA’s role in lowering the all‑in cost of capital becomes even more central. Market view & expert recommendations: The stance is growth‑positive. Experts recommend IREDA as a leveraged policy play on renewable expansion, with catalysts from storage auction...

PFC Funds the Future Grid: Storage, Hydrogen and Smart Systems

19Apr

By Newscript News NetworkNo Comments

News Update, Renewables

PFC Funds the Future Grid: Storage, Hydrogen and Smart Systems

PFC complements REC as the other cornerstone financier of India’s power build‑out. The mandate is widening from conventional generation to storage projects, early‑stage green‑hydrogen pilots and smart‑grid modernisation. Relationship depth with utilities and IPPs, plus risk‑management discipline, underpins stable profitability across cycles. With investment needs ballooning for grid flexibility and digitalisation, PFC’s balance‑sheet scale and structuring skills are mission‑critical. Co‑financing with multilaterals and tapping green‑finance pools are the next leg in lowering cost of capital for emerging technologies. Market view & expert recommendations: Experts slot PFC as a stable compounding lender to the transition. Recommendations focus on watching cost of funds, asset‑quali...

REC’s Green Tilt Gathers Pace as India’s Power Capex Cycle Broadens

19Apr

By Newscript News NetworkNo Comments

News Update, Power

REC’s Green Tilt Gathers Pace as India’s Power Capex Cycle Broadens

REC is expanding from traditional generation and distribution lending into the transition’s heavy‑lifting—renewables, storage and transmission. Government backing and sector expertise allow it to structure competitive tenors for complex projects, while a diversifying borrower mix and stricter underwriting have improved asset‑quality optics. With the Centre tendering ~50 GW/year of renewables and pushing green corridors, REC’s role as aggregator of long‑dated capital is hard to substitute. As the capex cycle broadens to grid digitalisation and storage, REC’s syndication capacity and access to multilateral lines provide leverage. Market view & expert recommendations: The tone is positive on growth and spreads, tempered by interest‑rate trajectories and borrower discipline. Experts ...

India & Global Energy News – August 15, 2025

19Apr

By Newscript News NetworkNo Comments

News Update

India & Global Energy News – August 15, 2025

By Team Newscript August 16, 2025 India Energy News Clean Energy Milestone: India Beats 2030 Target Ahead of Schedule India has reached a landmark in its energy transition, achieving 50% clean energy use five years ahead of the 2030 deadline pledged under the Paris Agreement. By August 2025, renewable capacity rose to 234.24GW, accounting for half of the country’s installed power base. The portfolio includes 116.24GW of solar, 51.67GW of wind, 54.72GW of hydropower, and 11.59GW of biopower. The achievement vaults India to fourth globally in total renewable capacity, third in solar, and fourth in wind. Government schemes played a central role. The PM-Surya Ghar: Muft Bijli Yojana has accelerated rooftop solar adoption among households, while PM-KUSUM expanded solar pumps for...

NHPC’s Hydro Flex Provides the Missing Piece for a Renewable‑Heavy Grid

19Apr

By Newscript News NetworkNo Comments

News Update, Renewables

NHPC’s Hydro Flex Provides the Missing Piece for a Renewable‑Heavy Grid

NHPC’s enduring value lies in flexibility rather than sheer megawatts. Its hydro fleet provides ramping and ancillary services that keep a renewable‑heavy grid stable. The next growth vector is pumped‑storage, effectively a long‑duration battery that arbitrages daytime solar and evening peaks, central to India’s storage roadmap. Beyond large hydro, NHPC is evaluating small‑hydro additions and selective renewable projects where its hydrology and civil‑works expertise translate well. As policy begins to recognise system value with incentives and revised tariff designs, hydro’s role in balancing surges. Market view & expert recommendations: Investors treat NHPC as a clean‑energy utility with embedded storage optionality. Expert recommendations are constructive but note long gestation,...

19Apr

By Newscript News NetworkNo Comments

News Update

Energy Bulletin – India & Worldwide

By Team Newscript August 9, 2025 India’s Coal Dependence Endures Despite Renewables Growth Coal remains India’s dominant source of electricity, supplying roughly 73 per cent of daily generation, especially during evening peaks when solar output fades. Rapid EV adoption is adding new demand pressure, underscoring the urgent need for large-scale storage and hybrid renewable projects. While policymakers have set aggressive decarbonisation targets, the grid’s reliance on coal for stability persists. Investment in battery systems and pumped hydro remains modest relative to requirement, raising questions over the pace of transition. Analysts note that without accelerated storage deployment, the coal fleet—already one of the largest in the world—will continue to anchor India’s energy sec...

Power Grid Stitches the Green Corridors Holding India’s Transition Together

19Apr

By Newscript News NetworkNo Comments

News Update, Power

Power Grid Stitches the Green Corridors Holding India’s Transition Together

Power Grid is the quiet giant stitching India’s transition together. As renewable capacity accelerates, the utility continues to build inter‑state transmission system (ISTS) links, HVDC corridors and reactive‑power solutions to evacuate gigawatt‑scale solar and wind while maintaining grid stability. The business model—regulated returns with visibility on capex—offers commodity‑insulated exposure to the energy transition, and its execution record with the system operator provides structural advantages in award and delivery. With multiple green corridors slated across states and inter‑regional links, the next leg is about scale and sequencing rather than strategy. Market view & expert recommendations: Seen as a defensive compounder, Power Grid attracts dividend‑seeking and infrastr...

Indian Oil: Transparency Push and Fuel Transition Challenges

19Apr

By Newscript News NetworkNo Comments

News Update

Indian Oil: Transparency Push and Fuel Transition Challenges

By Team Newscript August 18, 2025 Indian Oil Corporation, India’s largest refiner, is attempting to redefine its engagement with investors and policymakers at a time of shifting global energy flows. Its Q1 FY26 earnings call, scheduled earlier this week, was emblematic of this approach—senior management fielded questions not only on financial performance but also on procurement strategy, energy transition initiatives and capital allocation. The company is under mounting pressure to reduce its reliance on Middle Eastern suppliers, which still account for the bulk of its imports. Officials highlighted strategic procurement shifts, including a greater role for U.S. and African crudes. These moves mirror a global trend among refiners seeking to insulate themselves from geopolitics, b...

NTPC’s Transition Gains Pace as Renewables Scale and Hydrocarbons Fund It

19Apr

By Newscript News NetworkNo Comments

News Update, Renewables

NTPC’s Transition Gains Pace as Renewables Scale and Hydrocarbons Fund It

By Newscript News Network August 22, 2025 NTPC is turning its super‑scale into a transition asset. The utility is adding solar, wind and storage by leveraging land banks around existing thermal plants—accelerating grid connections and cutting soft costs. Collaborations with EIL on 2G ethanol and pilots in green hydrogen complement a pipeline aligned to India’s 500 GW non‑fossil target by 2030. The operating model is asymmetric: regulated thermal cash flows anchor the P&L while renewables and fuels of the future add optionality. Execution discipline—PPAs, tariff structures for hybrid/RTC, and storage economics—will define returns. NTPC’s track record in project delivery and government sponsorship remains a comparative advantage. Market view & expert recommendations: Inv...