Sector / Industry News › Sub-category
Oil & Gas / Energy
23 articles
India's energy sector is undergoing significant transformation driven by government initiatives and rising domestic demand. Total installed power capacity reached 552 GW in July 2026, with non-fossil sources now accounting for 54% of the total, supported by substantial investments in solar, offshore exploration, and bioenergy. The government recently approved a ₹84,084 crore offshore hydrocarbon exploration scheme, aiming to reduce import dependence and create jobs, alongside a ₹23,731 crore GOBARdhan scheme to boost compressed biogas production. These developments, alongside increased coal production and a surge in electric vehicle adoption, signal a shift towards greater energy independence and a more sustainable energy mix, presenting both opportunities and risks for investors in the sector.
India July 2026 WPI Inflation at 9.78%
India's wholesale price index inflation moderated slightly to 9.78% YoY in July 2026 from 9.87% in June, with the all-commodities index at 110.0.
Fuel and power inflation declined sharply to 20.05% fr
Government Approves Domestic PNG Connection Incentive Scheme
Government approves incentive scheme providing CGD companies additional 200 SCM APM gas per incremental domestic PNG connection.
Scheme aims to reduce PNG connection payback period from 10 years to 3
ONGC Commissions Khoraghat Gas Evacuation to NEGG
ONGC commissioned gas evacuation facilities at Khoraghat GGS-1 in Assam, enabling surplus gas processing and evacuation.
The facility connects to North East Gas Grid, facilitating utilization of 1 lak
India's Energy Capacity Reaches 552 GW with 54% Non-Fossil
India's total installed power capacity reached 552 GW in July 2026, with non-fossil sources accounting for 300.50 GW (54% of total).
Coal production exceeded 1,040 MT in FY2025-26 while imports declin
India Launches ₹84,084 Crore Offshore Exploration Scheme
Government approves Samudra Manthan scheme with ₹84,084 crore Phase-I outlay through FY 2030-31 to boost offshore hydrocarbon exploration.
Scheme targets adding over 600 MMTOE reserves and raising dom
India Approves ₹5,070 Crore 5,000 MW Floating Solar Scheme
Indian government approved Pradhan Mantri Surya Sarovar Yojana with ₹5,070 crore outlay for 5,000 MW floating solar capacity with 10,000 MWh energy storage.
India's solar capacity grew from 3 GW in 20
India's Electric Vehicle Ecosystem Growth and Policy Support
India's EV sales grew 46x since 2016 to 2.3 million units in 2025, with exports surging from $1.2M to $84M between 2020-2024.
Government schemes including PM E-DRIVE (₹10,900 crore), PLI-Auto (₹2,377
India's Energy Capacity Reaches 552 GW with 54% Non-Fossil
India's total installed power capacity reached 552 GW in July 2026, with non-fossil sources accounting for 300.50 GW (54% of total).
Coal production exceeded 1,040 MT in FY2025-26 while imports fell 2
India Approves ₹23,731 Crore GOBARdhan Bioenergy Scheme
Union Cabinet approves National Circular Bioenergy Scheme GOBARdhan with ₹23,731 crore outlay to boost domestic Compressed Biogas production.
Scheme establishes administered CBG price of ₹2,110/MMBTU
India's Electric Vehicle Sales Surge 46x Since 2016
Government backgrounder details India's EV ecosystem growth with sales increasing 46 times from 50,000 units in 2016 to 2.3 million in 2025.
Multiple policy schemes drive adoption including PM E-DRIVE
India Launches ₹84,084 Crore Offshore Hydrocarbon Exploration Scheme
Government approves Samudra Manthan scheme with ₹84,084 crore Phase-I outlay to accelerate offshore hydrocarbon exploration until FY 2030–31.
Scheme targets adding over 600 MMTOE reserves and raising
Praj Industries Q1 FY27 Revenue Up 12% YoY
Praj Industries reported Q1 FY27 consolidated revenue of ₹716 crore, a 12% YoY increase, with PBT before exceptional items at ₹21.05 crore.
The company secured a ₹1,000 crore order intake, including a
Modi Naturals Receives ₹140 Crore Additional Ethanol Allocation
Modi Naturals subsidiary receives additional allocation of 1.98 crore litres of ethanol worth ₹140 crores from OMCs.
Supplies under the Ethanol Blending Petrol Programme to continue until October 2026
Venus Pipes Commences 6.1 MW Solar Power Unit
Venus Pipes & Tubes commenced additional 6.1 MW DC solar power unit with ₹22 crore investment.
The solar expansion is expected to generate annual power cost savings of approximately ₹6 crores.
Total s
Everest Kanto Q1 FY27 PAT Declines 42% YoY
Everest Kanto Cylinder reported Q1 FY27 consolidated revenue of ₹346 Cr, down 10% YoY, with PAT declining 42% to ₹30 Cr.
EBITDA margin contracted to 14% from 16% YoY, impacted by softer international
L&T Secures Ultra-Mega Offshore Project Middle East
L&T Energy Hydrocarbon Offshore secured an ultra-mega order exceeding ₹15,000 crore for offshore development in Middle East.
Project scope includes full EPCIC of offshore facilities with significant f
BCL Industries Receives Additional 4.37 Cr Litre Ethanol Order
BCL Industries and subsidiary Svaksha Distillery received additional ethanol supply allocations of 2.35 crore litres and 2.02 crore litres respectively from Oil Marketing Companies for Q4 ESY 25-26.
T
India's 12-Year Transformation Progress Highlights
PM Modi highlights India's 12-year transformation across manufacturing, digital infrastructure, and energy security with specific growth metrics.
Defense production increased 4x, mobile production 35x
MCA Honors PMIS Partner Companies at Industry Awards
Ministry of Corporate Affairs hosted PMIS Industry Awards to recognize companies creating internship opportunities under the Prime Minister Internship Scheme pilot phase.
Mahindra & Mahindra won Overa
Engineers India Q1 FY27 PAT Rises 53% YoY
• Engineers India reported Q1 FY27 standalone PAT of ₹1,423 Mn, a 53% YoY increase from ₹932 Mn in Q1 FY26.
• Total standalone income for the quarter was ₹8,379 Mn, with consultancy contributing ₹4,99
SEAMEC Q1 FY27 Revenue Rises 41% on Higher Vessel Deployment
SEAMEC reported Q1 FY27 standalone revenue of ₹283.3 crore, up 41% YoY, driven by 110 additional vessel deployment days and new contracts.
Standalone PAT increased 2% to ₹81.2 crore despite a ₹13 cror
NITI Aayog Identifies Four Key Global Manufacturing Sectors
NITI Aayog released a report identifying chemicals, textiles, telecom equipment, and solar PV as key sectors to position India as a global manufacturing hub.
The report provides sector-specific recomm
ONGC Spuds First Mahanadi Basin Deepwater Well
ONGC commenced drilling exploratory well MN-DW18-1-H-D in Mahanadi Offshore Basin under Samudra Manthan Mission.
India's eastern/western offshore basins hold estimated 5,600 MMTOE hydrocarbon potentia