The Ministry of Power (MoP) has notified the draft Electricity (Rights of Consumers) Second Amendment Rules, 2023. As per the draft, the distribution licensee shall provide individual connections for electricity supply to owners(s) or occupier(s) […]
The Ministry of External Affairs (MEA) has notified the Offshore Wind Energy Lease Rules, 2023. The central government now has the option to grant leases for offshore areas located within the exclusive economic zone for […]
The Ministry of Coal has launched the ninth round of commercial coal mine auctions. In this round, a total of 26 coal mines will be offered, including three under the CM (SP) Act, 2015; and […]
The Asian Development Bank (ADB) has given approval for a $250 million policy-based loan aimed at enhancing the financial sustainability of India’s power sector and promoting the transition to renewable energy. This loan will support […]
In a significant development, India and Nepal have signed a long-term agreement for the export of 10,000 MW of power to India over the next decade. The agreement, signed during the seventh meeting of the […]
The central government has secured approval from the President of India to implement solar energy projects amounting to Rs 241.04 billion, to provide electricity to 100,000 households belonging to particularly vulnerable tribal groups across 18 […]
The Adani Group has announced an investment of over $25 billion in Gujarat over the next five years. The investment, revealed during the 10th edition of the Vibrant Gujarat Global Summit in Gandhinagar, is a […]
During the April-November period of financial year 2024, the major Indian ports handled 534.86 million tonnes (mt) of cargo traffic, compared to 506.67 mt in the corresponding period of financial year 2023, registering an increase […]
As per reports, the central government may come up with a national ranking plan for all ports in the country. The Ministry of Ports, Shipping and Waterways (MoPSW) has also communicated to all port authorities […]
The Gujarat government is planning to set up 10 greenfield ports in the state over 25 years. Reportedly, techno-feasibility studies have been launched to assess factors such as connectivity, land availability, draft (water depth required […]
On January 10, 2024, DP World signed multiple MoUs with the Gujarat government worth Rs 250 billion. The agreement covers the development of new ports, terminals and economic zones. The company is committed to develop […]
As per reports, the domestic shipping companies are likely to witness a further 5-7 per cent decline in revenue in financial year 2025, amidst normalisation of rates. This follows a steep 23-25 per cent fall […]
On January 8, 2024, the MoPSW announced an investment worth Rs 450 billion to develop river cruise tourism. Of this, an estimated amount of Rs 350 billion has been earmarked for cruise vessels and Rs […]
In a notable development, Bharat Petroleum Corporation Limited’s (BPCL) board has approved the proposal for setting up the polypropylene plant at the Kochi refinery entailing an investment of Rs 50.44 billion. The plant is likely […]
The Gujarat government has signed 11 MoUs entailing an investment of Rs 670 billion in the petrochemicals sector. These MoUs have been signed to enhance the development of the petroleum and chemicals industry, given the […]
A total of five firms have won contracts for exploration and development of 10 oil and gas blocks spanning over 34,364 square km under the eighth round of the Open Acreage Licensing Policy (OALP) auction. […]
In a recent update, the MoPNG has invited bids for exploration and development of 28 oil and gas blocks, including nine onland, eight shallow water and 11 ultra-deep water blocks, under the ninth round of […]
The central government has inaugurated the Vijayawada-Dharmapuri petroleum product pipeline. The project involved laying of a 697 km petroleum pipeline from Hindustan Petroleum Corporation Limited’s Vizag-Vijayawada-Secunderabad pipeline from Vijayawada to Dharmapuri in the states of […]
GAIL (India) Limited has signed a deal with Vitol Asia Private Limited for the supply of around 1 million tonne per annum liquefied natural gas (LNG) for a period of 10 years, starting from 2026. […]
Notably, ONGC has commenced the production of crude oil from cluster-II fields in KG-DWN-98/2 (KG-D5) block in the Bay of Bengal. The oil production is likely to reach 45,000 barrels per day by June 2024, […]
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