PETRONAS
CCI clears KKR's Rs 6,000 crore investment in PETRONAS-backed Gentari Renewables
Global investment firm KKR has received approval from India's Competition Commission to invest in Gentari Renewables India. This clean energy platform is part of Malaysia's PETRONAS group, which focuses on renewable energy projects. KKR plans to invest approximately Rs 6,000 crore in the Indian renewable energy sector. The firm already holds investments in various Indian clean energy companies.
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.
CCI clears Kotak-Deutsche deal, KKR vehicle's Gentari investment
Kotak Mahindra Bank has received approval for the acquisition of Deutsche Bank's retail and wealth management business. The acquisition will take place on a slump sale basis from Deutsche Bank's branches in India. This business includes services such as deposits, loans, investments, insurance, and foreign exchange products. KKR-backed Sapphire US Holdco will also subscribe to securities of Gentari Renewables India, which specializes in renewable energy.
Tata Motors CV Q2 Results: Co swings to black with Rs 1,254 crore profit; revenue jumps 37% YoY
Tata Motors CV Q2 Results: The improvement in profitability was driven by lower mark-to-market losses on investments in Tata Capital Ltd. The company reported a strong net cash position of Rs 15,900 crore as of September 30, 2026.
KKR to invest over ₹6,000 crore in Petronas India RE arm
KKR plans to invest more than ₹6,000 crore in Gentari Renewable India, which is Petronas' renewable energy unit. The funding aims to support the expansion of its renewable energy and green hydrogen projects. Gentari has previously acquired a 1.6 gigawatt renewable energy portfolio and is seeking financial partners. This investment will also facilitate the acquisition of stakes in existing joint ventures in India.
Shell-led LNG Canada partners may take Phase 2 FID as early as October
LNG Canada partners may decide on a Phase 2 expansion next month. This expansion would double the facility's export capacity to twenty-eight million metric tons. Asian buyers seek supply security amid global shipping disruptions and conflicts. Tight global markets and demand growth drive interest in new LNG projects. Indigenous communities have an option to invest up to one billion Canadian dollars.
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Petronas Lubricants, Tata Motors collaborate for pilot used lubricant recycling model
Petronas Lubricants India and Tata Motors have signed an initial pact for a pilot project. This collaboration aims to establish a structured and scalable used automotive lubricant recycling model. The initiative will support India's evolving Extended Producer Responsibility framework and circular economy ambitions. It will create an organized and traceable system for managing hazardous waste lubricants effectively. This pilot seeks to strengthen benchmarks for responsible waste management across the nation.
Huge fire at Petronas gas pipeline in Malaysia injures 33
A gas pipeline fire at a Petronas-operated facility near Kuala Lumpur injured 33 people, with six hospitalized, said Selangor fire department officials. Ongoing rescue efforts continue for those trapped, and the blaze has impacted nearby homes. Petronas confirmed the pipeline has been isolated.
Malaysia's Petronas, Singapore's GIC and Greenko form a $2 billion green ammonia venture
Petronas arm Gentari and AM Green established by the creators of Greenko have officially announced the signing of binding agreements with a GIC affiliate. Their collective goal is to produce 5 million tons per annum (MTPA) of green ammonia by the year 2030, which is equivalent to approximately 1 MTPA of green hydrogen.
TVS Motor Company and PETRONAS partner to form PETRONAS TVS Racing Team
The new team will don a new livery as part of the alliance effective this season and the partnership will give a boost to further increase the popularity of racing in India, it said.
Log 9 Materials raises $2 million from Petronas Ventures
Log 9 Materials will utilise the capital to launch and scale its fast-charging lithium-ion battery technology, which it claims can fully charge a two-wheeler EV in just 15 minutes.
Petronas to focus on India for clean energy
In India, Petronas operates in the renewable energy sector through Amplus Solar, a leading rooftop and commercial and industrial (C&I) player.
Indian Oil-Petronas JV to retail petrol, diesel, natural gas
Indian Oil Petronas Pvt Ltd (IPPL), a two-decade-old joint venture in which the two firms hold equal stakes, will now get into retailing of transportation fuels as well as natural gas in India, Indian Oil Chairman S M Vaidya said.
Petronas plans to invest $150 million in India's lubricant market
Petronas manufacturing and marketing arm of the Malaysian national oil corporation, will spend the money to set up a plant with 110 million litres capacity in Patalganga.
Petronas to invest $150 million in India’s lubricant market
Petronas will spend the money to set up a plant in Patalganga, and a tech centre for motorcycle engine oil, and invest in branding activity in the country.
Petronas Lubes eyes 5 per cent market share by 2019
Under the partnership, he said the Malaysian company will sell Tata Motors Genuine Oil for the diesel vehicles and gradually it will also launch lubes for petrol vehicles.
VA Tech Wabag soars 7% as consortium wins Rs 1500-cr order from Petronas
VA Tech Wabag surged 7% in trade on Thursday on reports that it bagged a contract worth Rs 1,500 cr from Malaysia's Petronas.
Petronas ties up with Maruti Suzuki to supply lubricants
The tie-up would give Petronas a huge reach since Maruti Suzuki has a network of more than 3,100 service outlets across India.
Punj Lloyd wins Rs 3,515 crore tankage order from Petronas Malyasia
Punj Lloyd today said it has won a Rs 3,515 cr new tankage order from Petronas Malyasia, taking its total orders in 2014-15 to Rs 9,940 cr.
Reliance eyes stake in Venezuela crude oil block, Mexico exploration assets: Executive
RIL is looking to pick up an 11% stake in Venezuela's Petrocarabobo project that was recently surrendered by Malaysia's Petronas.
IOC in talks to buy Petronas' 10% stake in Canadian gas asset
The Malaysian firm is planning to build a liquefied natural gas terminal off Canada's Pacific Coast, aimed at exporting natural gas to Asian markets.
Petronas Lubricants to set up first blending plant in India
Malaysia's Petronas Lubricants International said it will invest $50 million in a lubricant oil blending plant near Mumbai, its first in India.
IndianOil-Petronas inaugurates LPG import-export terminal
IndianOil-Petronas today inaugurated its LPG import-export terminal at nearby Ennore to serve households in the southern region.
L&T inks $100 mn offshore engineering contract with Petronas
The company said its facility in Kattupalli on the east coast of India will undertake the fabrication work for the project.
GMR completes 30% stake sale in Singapore arm to Petronas
The company is developing an 800 MW Combined Cycle Gas Turbine power plant on Jurong island in Singapore.
Malaysia's Petronas benefits from SEBI order on Cairn-Vedanta deal
Petronas is probably an indirect beneficiary of SEBI's condition that Vedanta scrap a provision to buy more of Cairn India, if Vedanta did not get 51% in the explorer.
Vedanta buys 10.5% in Cairn from Petronas at Rs 331/share
Mining group Vedanta Resources Plc, which is struggling to get government nod to take over Cairn India, today bought 10.5 per cent stake in the company from Malaysia's Petronas.
Petronas Chemicals raises 4.1 billion dollars in IPO
The chemicals arm of Malaysian state energy firm Petronas raised 4.1 billion dollars on its stock market debut Friday, in Southeast Asia's biggest ever initial public offering.
Petronas buys 2.3 pc stake in Cairn India for $240 mn
Petronas buys 2.3 per cent shares stake in Cairn to raise its holding in the company.
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