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19Apr

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Renewables

BPCL’s hydrogen pivot signals a new phase for India’s refining giant

Bharat Petroleum Corporation Ltd (BPCL) posted a stronger-than-expected profit in the first quarter of FY26, with net earnings of ₹61.24 billion against market estimates closer to ₹57 billion. Softer crude costs and improved marketing spreads underpinned the numbers, but management is keen to highlight a different narrative: the company’s accelerating bet on green hydrogen. BPCL has begun pilot projects to produce hydrogen for refinery desulphurisation and has partnered with KPIT and the Kerala government on India’s first hydrogen bus corridor. “Hydrogen-powered mobility is the future of sustainable transportation,” Chairman G. Krishnakumar told reporters in Kochi, underscoring the ambition to leapfrog conventional gas. The strategy mirrors Europe’s majors. Repsol in Spain and Italy’...

Daily News Updates

By Team Newscript August 8, 2025 India Energy News Oil India–IREL MoU: a strategic bet on rare earths Oil India Ltd (OIL) has signed an MoU with IREL (India) Ltd to co-develop critical minerals and rare earths, a move that dovetails with New Delhi’s push to de-risk clean-tech supply chains. The tie-up signals an intent to move beyond upstream hydrocarbons into strategic ores used in magnets, EVs and wind turbines. While commercial terms weren’t disclosed, the ministries that oversee the firms (Petroleum & Natural Gas; Atomic Energy) position this as part of the national critical minerals mission. Expect joint work on exploration, beneficiation and processing—areas where India seeks to compress learning curves historically dominated by China. Oyster Renewables: ₹16,000 ...

Global & India Energy Briefing

By Team Newscript August 12, 2025 India hits 50% non-fossil capacity five years early NEW DELHI, Aug 12 — India’s installed electricity generation capacity from non-fossil fuel sources has reached 50 per cent — five years ahead of its 2030 Paris Agreement commitment. The portfolio includes 234GW from clean energy (solar, wind, large hydro), 8.7GW nuclear, and 242GW thermal. This milestone reflects strong policy measures such as the Production-Linked Incentive scheme, accelerated auctions, and substantial private investment from players like Adani Green Energy. Analysts note the symbolism: coal remains dominant in absolute terms, but clean capacity is expanding at unprecedented speed. With demand forecast to grow over 6 per cent annually through 2030, peak load management will re...