Energy

India is set to expand crude oil imports from key suppliers in the Middle East and the United States to strengthen its energy security amid global market volatility. The move aims to diversify supply sources, mitigate price risks, and meet rising domestic energy demand fueled by industrial growth and transportation needs. Officials indicate that increased imports will be strategically balanced between long-term contracts and spot market purchases, optimizing costs and supply stability.

Reliance Industries Ltd. (RIL), India’s largest private-sector refiner, has confirmed it will fully comply with U.S. sanctions governing the purchase of Russian crude oil. The company’s decision reflects its commitment to adhering to international trade norms while maintaining uninterrupted operations at its Jamnagar refinery, one of the largest refining complexes globally. This compliance stance comes amid tightening Western restrictions on Russia’s energy exports, designed to limit Moscow’s oil revenue.

Premier Energies, one of India’s leading renewable energy equipment manufacturers, has announced its entry into the transformer manufacturing segment—a strategic diversification aimed at bolstering the country’s renewable energy infrastructure. The move aligns with India’s accelerating shift toward clean energy and the growing demand for high-efficiency electrical components in solar and wind projects. By expanding into transformer production, Premier Energies seeks to enhance supply chain integration, reduce import dependency, and deliver advanced, energy-efficient solutions.

Severe floods in Jammu & Kashmir have delayed several key hydropower projects, according to the Managing Director of J&K Bank. The unprecedented rainfall and swollen rivers have caused operational disruptions, damaged infrastructure, and stalled construction activities, impacting project timelines and financial forecasts. While hydropower remains a critical driver of regional energy security and economic growth, the natural calamity underscores the vulnerability of infrastructure to climate events.

In a strategic step toward India’s decarbonization goals, Desco and KPI Green Energy have announced a partnership to explore and implement hydrogen-natural gas blending projects. The collaboration aims to enhance the sustainability of the natural gas supply chain by integrating green hydrogen into existing infrastructure. This initiative aligns with India’s National Green Hydrogen Mission and the government’s broader objective of achieving net-zero emissions by 2070.

NTPC Green Energy Limited (NGEL), a wholly owned subsidiary of NTPC Limited, has commenced commercial operations for a 12.5 MW solar power capacity at its Bhuj project in Gujarat. This addition brings NGEL's total installed and commercial capacity to 7,419.975 MW, contributing to NTPC Group's overall capacity of 83,906 MW. The Bhuj solar project, part of a 37.5 MW initiative, is developed by Ayana Renewable Power Four Private Limited, a subsidiary of ONGC NTPC Green Private Limited.

Oil India Limited (OIL) has announced the discovery of significant natural gas reserves in the Andaman offshore region, marking a strategic milestone in India’s pursuit of energy self-reliance. Preliminary assessments indicate that the field holds commercially viable gas quantities, which could strengthen domestic energy supply and reduce dependency on imports. The discovery underscores the potential of India’s unexplored offshore basins and highlights the role of advanced exploration technologies in unlocking hydrocarbon resources.

In a landmark development for India’s energy infrastructure, the Government of Andhra Pradesh has approved the allotment of 6,000 acres of land to Bharat Petroleum Corporation Ltd (BPCL) for setting up a greenfield refinery and petrochemical complex near Ramayapatnam Port in Nellore district. The ambitious project, estimated at ₹96,862 crore, will have a refining capacity of 9–12 million metric tonnes per annum (MMTPA). The state has also extended significant fiscal incentives, including a capital reimbursement of up to 75% over two decades.

Waaree Renewable Energy Ltd reported a strong performance in the September 2025 quarter, with net profit doubling to Rs 116 crore from Rs 58 crore in the same period last year. This surge was driven by robust operational performance, higher solar project execution, and improved efficiencies across the company’s renewable energy portfolio. Consolidated revenue from operations reached Rs 890 crore, up 48% year-on-year, reflecting strong demand in both domestic and international markets. Earnings per share (EPS) increased to Rs 9.20, compared to Rs 4.60 in Q2 FY25.

In a significant boost to India’s renewable energy ambitions, Saatvik Green Energy Pvt. Ltd. has unveiled plans to invest Rs. 3,150 crore in establishing a state-of-the-art solar module and cell manufacturing facility in Odisha. The project underscores India’s growing commitment to domestic solar production under the Make in India initiative and aligns with the government’s broader goal of achieving 500 GW of renewable capacity by 2030.