Energy Security

India is implementing several measures to bolster energy security and domestic manufacturing. The government approved a ₹37,500 crore scheme to promote coal gasification, aiming to substitute significant LNG, urea, and other imports while creating jobs. Simultaneously, Hungary tapped into strategic fuel reserves amid ongoing supply concerns. Vikram Solar reported record Q4 revenue and unveiled an ambitious backward integration plan, targeting 8 GW production and substantial EBITDA growth in FY27. Furthermore, L&T secured a significant order for a Coal-to-Ammonia-Nitrate project, aligning with the nation's broader coal gasification goals.