ENERGY IMPORTS IN INDIA
Samvat 2083 begins: Will the good times roll for Indian businesses?
Samvat 2083 begins with Indian businesses entering the new year on a note of cautious optimism. Strong GST collections, festive demand and the RBI’s upgraded FY27 growth forecast point to economic resilience. But weak hiring, easing manufacturing momentum, food inflation and crude oil risks cloud the outlook. Sustained private investment and stronger corporate earnings will determine whether growth creates jobs.
Nifty bulls reclaim 25,000 mark as FIIs step up India buying: 5 factors that will determine D-Street's fate next week
Indian equities rallied nearly 9% last week as the Nifty reclaimed 25,000 and the Sensex gained 8.82%. FIIs bought Rs 45,960 crore, while DIIs sold Rs 24,197 crore. Investors will track AI stocks, crude oil, geopolitical developments, US Treasury yields, India's October inflation data and Nifty technical levels in the coming week.
AI slump revives Asia’s forgotten trades from China to India
Global investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emerging as potential beneficiaries of the shift, with funds rotating towards undervalued stocks, domestic growth, healthcare, consumer companies and financials. India's limited AI exposure, easing oil prices and renewed foreign inflows are strengthening its appeal.
EU and India conclude negotiations on association to Horizon Europe to push innovation ties
India and the European Commission have completed negotiations for India’s association with Horizon Europe. The agreement is expected to enhance scientific cooperation between Europe and India significantly. Researchers from India will gain access to Horizon Europe funding and can lead joint projects addressing pressing global challenges. This association aims to facilitate collaboration in various fields, including health, climate, and energy.
Nitin Gadkari says UP farmers will soon produce hydrogen from water that will run planes, cars and trains
Nitin Gadkari's hydrogen plan: Union Minister Nitin Gadkari says Uttar Pradesh farmers will soon produce hydrogen from water and agricultural waste that will power aircraft, cars and railway engines. He also highlighted ethanol production, alternative fuels and the state's potential to become an energy exporter from a net importer. The state was known as Bimaru state.
Centre launches ninth auction tranche for 20 critical mineral blocks, third round of exploration licences
The mines ministry has launched the ninth tranche of auctions for 20 critical and strategic mineral blocks, alongside the third tranche for exploration licence blocks. Of the 100 unique blocks offered in the first eight rounds, 64 have been auctioned. The move aims to strengthen mineral security and attract private exploration investment.
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India ready to help Nepal rebuild flood-hit infra, deepen energy ties
India's foreign secretary Vikram Misri communicated support for Nepal's infrastructure rebuilding after the recent floods. During meetings in Kathmandu, Nepal's PM Balen Shah thanked India for its disaster response assistance. Discussions also focused on expanding energy cooperation, with Nepal seeking new investments in various sectors. Several India-funded projects are set to be inaugurated during Shah's upcoming visit to India. This visit marks Shah's first bilateral overseas engagement as Prime Minister.
SAP must continue software support to Nayara: Delhi HC
Delhi High Court's division bench refused to stay a single judge's order for SAP India to continue software services. Nayara Energy requires access to SAP's support system for its operations, as denied access could incur high costs. SAP suspended its services after the European Union imposed sanctions against Nayara Energy for its links to Russia.
Trust market returns to secure oil: India owns stakes in oilfields from Russia to Abu Dhabi, but getting that crude home is another challenge
India's overseas oil investments, particularly in Russian oilfields, have not guaranteed preferential access to crude during supply disruptions such as the Strait of Hormuz crisis. The article examines how sanctions, shipping costs, insurance restrictions and commercial considerations limit the energy security benefits of equity oil, and why India needs to assess overseas investments separately from their supply security claims.
India, Nepal reaffirm commitment to all-round enhancement of partnership as FS Misri meets PM Shah
India and Nepal have reaffirmed their commitment to strengthening bilateral ties as Foreign Secretary Vikram Misri met Prime Minister Balendra Shah in Kathmandu ahead of his expected visit to Delhi later this month. Discussions covered trade, energy, connectivity, sports and new areas of cooperation, including AI and digital connectivity.
India's natural gas demand to decline 2% in 2026 despite 10% rise in LNG imports: IEA
The trend highlights the challenges facing India's gas market as disruptions to global LNG supplies through the Strait of Hormuz and elevated international prices reshape supply and consumption patterns. The IEA said the outlook would remain influenced by global supply availability and domestic production trends.
Renewable energy could save India $240 billion in coal, gas imports by 2030: IEA
The savings are expected to increase as solar and wind power displace imported fossil fuels, with annual savings projected to reach around USD 35 billion by 2030, exceeding India's actual non-coking coal and natural gas import bill in the financial year 2024-25.
India’s solar components market to more than double to $7.8 billion by March 2028: CEEW
India's market for solar module components is projected to exceed $7.8 billion by March 2028. This growth is primarily driven by increased domestic manufacturing capacity and rising demand. Planned expansions of production facilities are crucial for meeting anticipated requirements. Additionally, ensuring consistent quality and reliable supply chains will enhance competitiveness against imports. The study emphasizes the importance of clear standards and regulations for the solar components industry.
India announces $1.5-billion scheme to add 92 GWh energy storage capacity
India has launched a $1.5-billion initiative to boost its energy storage capacity significantly over the next few years. This scheme aims to develop 60 GWh of pumped hydro storage, 30 GWh of battery storage, and 2 GWh using new technologies. The project is expected to attract investments of around $10 billion during its implementation period. Additionally, a $300-million plan will support building domestic processing plants for lithium and nickel.
Iran lifts Hormuz transit curbs for ships from India, China, Iraq and Qatar, could ease pressure on India’s oil and gas supply
Iran has announced the lifting of transit restrictions for vessels from India, China, Iraq, and Qatar. This decision aims to enhance regional cooperation and facilitate trade, particularly in medicines from India. Iranian officials have noted that American forces do not intercept these ships, showing Tehran's strategic interests.
India takes calm view of US midterm results, sees bipartisan support anchoring ties
India is observing the results of the recent US midterm elections with a sense of calmness and stability. The Democrat victory is seen as a move to limit the influence of the Trump administration. India has maintained strong relations with both parties in Congress since 2000 through various sectors.
Investors commit nearly $400 billion to India's green energy sector, says Pralhad Joshi
Investors have shown significant interest in committing nearly $400 billion to India's green energy initiatives. Renewable energy minister Pralhad Joshi stated that this investment comes from both domestic and international companies. India needs approximately $220 billion by 2030 to fulfill its renewable energy targets. Discussions included challenges regarding solar cell availability and the ongoing development of energy storage systems.
Cabinet approves VGF plan for grid-scale energy storage with Rs 14,500 crore support
The Union Cabinet has approved a significant ₹14,500 crore funding scheme to develop 92 GWh of energy storage capacity. This initiative supports both hydro pumped storage and battery energy storage systems aimed at accelerating renewable energy. Additionally, a scheme has been approved for processing critical minerals like lithium and nickel to reduce import dependency. The government aims to modernize its statistical system with a ₹4,371.10 crore scheme.
Renewable energy key to India's energy security, German envoy Jasper Wieck says
Germany underscores the critical role of renewable energy in fortifying energy security for India. During recent discussions, German Ambassador Jasper Wieck highlighted the necessity for India to domestically produce solar panels and batteries. The Bharat Renewable Energy Summit is instrumental in establishing partnerships between Indian and German firms for local production.
Essar Power to invest Rs 4,500 crore in 300 MW renewable energy project in Andhra Pradesh
Essar Power is planning a significant investment in a 300 MW Firm and Dispatchable Renewable Energy project. The project aims to combine solar and wind power generation with Battery Energy Storage Systems for improved reliability. This initiative follows a power purchase agreement with NHPC Ltd, enhancing Essar's renewable energy portfolio. It also contributes to India's target of 500 GW of non-fossil fuel electricity by 2030.
'India is bigger than US for ChatGPT': OpenAI's Sam Altman says Americans are negative about AI, Indians unusually positive
OpenAI CEO Sam Altman has revealed that India has more ChatGPT users than the US, making it the company's biggest market by users. Speaking to Raj Shamani, he praised India's growing AI adoption and said Americans were unusually negative about AI compared with the rest of the world.
Piyush Goyal holds talks with Danish minister to expand economic partnership
India and Denmark are actively exploring various opportunities to strengthen their economic engagement and partnerships. The discussions between Piyush Goyal and Martin Lidegaard emphasized collaborative efforts in trade, investment, and industrial cooperation. Approximately 250 Danish companies operate in India, employing over 100,000 individuals while showing strong interest in further investments. Cooperation in renewable energy and wind energy technologies has been a core focus of their partnership.
AI boom to drive demand for clean, affordable power: Pralhad Joshi
Union Minister Pralhad Joshi highlighted the importance of affordable, clean electricity access amid rising artificial intelligence adoption. He stated that this necessity will become a strategic imperative for reshaping economies. India has been re-elected as president of the International Solar Alliance, with plans for continued investment and solar deployment.
Forget solar and wind: India bets on heat buried deep underground for round-the-clock clean electricity; here's the big plan
India is stepping up efforts to tap its estimated 10.6 GW geothermal energy potential, with its first two geothermal wells commissioned in Ladakh's Puga Valley in July 2026. The government is also supporting pilot projects across Gujarat, Arunachal Pradesh and Telangana, while its 2025 National Geothermal Energy Policy aims to promote research, technology development and private investment in the sector.
Rising crude prices could push India's inflation by upto 1 percentage point, diversified imports helping secure oil supplies: EY's Gaurav Moda
Gaurav Moda, Partner and Energy Industry Leader at EY India said the increase in crude oil prices from an average of $60-65 per barrel to $90-95 has significantly raised India's energy import costs, even as the country continues to prioritise securing supplies amid geopolitical uncertainties.
India elected as President of International Solar Alliance for third straight term: Pralhad Joshi
Addressing media at the summit, Joshi said, "At the ninth session of the ISA, we reaffirm a fundamental belief: progress becomes truly meaningful when its benefits are shared". He congratulated France on the occasion of being reelected co-President of the ISA.
India weighs new oil manoeuvre as old routes get jammed
The West Asia war has forced India to look at energy security through a new, different lens. The oil issue, for India, has now gone from being a procurement issue to being a test of economic resilience. That has compelled the govt to rethink how it sources, transports and stores the fuel that powers its economy.
India's top gas importer sets eyes on US LNG under long-term deal with Qatar
India is seeking US liquefied natural gas through its renewed 20-year supply deal with Qatar, its biggest LNG supplier, as the Iran war disrupts shipments from the Gulf. Petronet LNG is discussing whether Qatar can source part of its contracted volumes from US facilities from 2028, helping India diversify supplies, retain its partnership with Doha and reduce future supply risks.
Clean energy investment helped India weather global energy crisis: PM Modi
Prime Minister Narendra Modi stated that India's investments in clean energy have mitigated severe external shocks. He announced an ambitious target of adding 500 GW of new non-fossil energy capacity within the next decade. Modi emphasized the importance of energy security in relation to economic stability.
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