Arunima Bharadwaj

As the government looks to set up 500 gigawatt (GW) of green capacity by 2030, a key challenge is to ensure its seamless access to the Grid.

Oil India however registered an increase of 4% in its gas production during Apr-Sep from last year at 1,577 mmscm but failed to reach the target of 1,932 mmscm gas production.

Analysts say that any further escalation of the conflict around the Middle East can impact Indian supplies of crude oil and refined oil products.

An increase in windfall tax comes against the prospects of upstream oil companies such as Oil and Natural Gas Corp and Oil India.

Petronet LNG is in advanced discussions with the Odisha government to secure land to set up a new LNG import terminal in Gopalpur, Managing Director Akshay Kumar Singh said.

The country’s consumption of petroleum products in the first half of the financial year 2024-25 rose by 3% to 117.7 million tonnes compared to 114.2 in Apr-Sep 2023, as per data from the Petroleum Planning and Analysis Cell.

India's demand for oil and refined oil products is expected to grow by almost 4% in the fourth quarter of the current calendar year compared to the corresponding period of last year, according to S&P Global Commodity Insights.

In the renewable energy segment, the company, through its wholly owned subsidiary NTPC Green Energy Ltd, aims to add 3 GW of green capacity by the end of current financial year with plans to add another 5 GW by FY26, and 8 GW by FY27.

The industry believes that the country would emphasize on the need for countries to move away from fossil fuels at their own pace, keeping energy security and economic growth in mind.

The scheme launched in February by Prime Minister Narendra Modi aims at installing rooftop solar at 10 million households by 2027 with a total outlay of Rs.75,021 crore.