Energy News Archives - Newscript EnergyWorld

ONGC Q1 Profit Rises 18% as 35-Year Drilling High Unlocks New Finds

22Aug

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ONGC Q1 Profit Rises 18% as 35-Year Drilling High Unlocks New Finds

By Newscript News Network August 22, 2025 Oil and Natural Gas Corporation (ONGC) began FY26 with strong operational momentum. Consolidated net profit rose 18.2% to ₹11,554 crore, backed by a high-intensity drilling programme—578 wells in FY25, the most in 35 years—yielding nine new hydrocarbon discoveries across Mumbai Offshore, the Krishna-Godavari basin, and onshore plays. Output nudged higher: standalone crude oil rose 1.2% to 4.683 MMT, while gas held at 4.846 BCM. Near-term monetisation levers are already in play. The PY-3 joint venture field has restarted production and CBM Bokaro’s North Karanpura block began gas sales in May 2025, contributing more than ₹1,700 crore in revenue at a premium $8.26/mmbtu—~20% above APM. Diversification continues with a ₹39.42 crore helium re...

Indian Stock Markets Lifted by Cooling Oil Supply Fears

18Aug

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Geopolitics, News Update

Indian Stock Markets Lifted by Cooling Oil Supply Fears

By Pallab Bhattacharya Newscript, August 18, 2025 Indian equities are poised to open stronger on Monday as easing concerns over Russian crude supplies filter through global energy markets. Diplomatic overtures between Washington and Moscow over the weekend have reassured investors that neither fresh sanctions nor retaliatory tariffs on Russian oil are imminent, a signal that has dampened fears of disruption to India’s lifeline imports. Energy import costs remain India’s Achilles’ heel, with oil accounting for nearly 89 per cent of its consumption. Any volatility in supply often reverberates immediately in equity markets, squeezing the rupee and widening fiscal deficits. The latest developments have tempered anxieties, with futures on both the Nifty 50 and Sensex reflecting gains i...

Market Leadership & Financial Performanc. Record Capacity Additions

16Aug

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Energy Transition, Technology

Market Leadership & Financial Performanc. Record Capacity Additions

By Pallab Bhattacharya Newscript, August 16, 2025 India added a record 22 GW of renewable energy capacity in H1 2025, marking a 57% increase year-on-year. Solar dominated with 18.4 GW, followed by 3.5 GW of wind, underscoring India’s accelerating transition away from fossil fuels. Corporate participation was pivotal. Players like NTPC, Adani, ReNew, L&T, and InSolare delivered projects at scale, supported by policy tailwinds and robust investor appetite. Analysts say the record additions highlight a shift: renewables are no longer an aspirational segment but the backbone of India’s power sector growth. The pace also reflects global factors, including declining technology costs and heightened ESG capital flows. However, integration challenges—storage, transmission, and c...

Energy Technology Innovation : Avaada’s Comprehensive Strategy

16Aug

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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 ...

Wind Energy Corporate Performance : Suzlon’s Strong Recovery

16Aug

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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...

India & Global Energy News – August 15, 2025

16Aug

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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...

15Aug

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News Update

India & Global Energy News

By Team Newscript, August 15, 2025 India Energy News – August 15, 2025 Reliance Industries Buys Fuel Oil from HPCL Reliance Industries Ltd. (RIL), India’s largest private sector refiner, has purchased fuel oil from Hindustan Petroleum Corporation Ltd. (HPCL) for the first time in several years, signalling a shift in domestic petroleum trade patterns. The deal comes against a backdrop of tightening global refined product markets and geopolitical constraints on Russian energy flows, which have disrupted established trade routes. Traditionally, Reliance has exported fuel oil from its Jamnagar complex, capitalising on overseas demand. The decision to source domestically from HPCL points to a tactical recalibration aimed at optimising refinery margins as export opportunities narr...

13Aug

By Newscript News NetworkNo Comments

News Update, Corporate Watch

The Daily News Bulletin

By Team N ₹8,146 Crore Hydro Project in Arunachal to Power Clean Energy Push The Union Cabinet has approved a ₹8,146.21 crore investment for the 700 MW Tato-II hydroelectric project in Arunachal Pradesh’s Shi-Yomi district, a move set to strengthen India’s clean-energy ambitions and regional infrastructure. Comprising four 175 MW units, the project will generate roughly 2,738 million units annually and is expected to be commissioned within 72 months. The Centre will contribute ₹458.79 crore for roads, bridges and transmission lines, and ₹436.13 crore towards the state’s equity share. The venture, led by NEEPCO in partnership with the Arunachal Pradesh government, will supply 12% of its output free to the state and channel further royalties into local development. Officials vi...