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Energy & Petroleum News Today

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Waaree CEO: “Scale, execution, and stability will define India’s energy transition”

Waaree CEO: “Scale, execution, and stability will define India’s energy transition”

Waaree Energies' Q1 FY26 net profit soared 93% YoY, driven by a ₹49,000 crore order book (25 GW) and increased solar module production to 2.3 GW (+64% YoY).
EV boom drives salary surge in auto sector: Report

EV boom drives salary surge in auto sector: Report

India's EV sector expects an 11.3% salary hike in FY26, the highest across all sectors, driven by EV adoption and government support. Other sectors like consumer durables and retail also project double-digit growth.
Russian Oil Imports To India Skyrocket, Growing At 96% CAGR Over 5 Years: Report

Russian Oil Imports To India Skyrocket, Growing At 96% CAGR Over 5 Years: Report

Russian crude now comprises 35% of India's FY25 oil imports, up from 2% in FY20, showing a 96% CAGR. India's import dependency has risen to 88.2% due to declining domestic production.
Dangerous Dangling Wires: Haridwar Stampede Puts Project To Shift Overhead Power Cables Underground Under Scanner

Dangerous Dangling Wires: Haridwar Stampede Puts Project To Shift Overhead Power Cables Underground Under Scanner

A stampede in Haridwar, triggered by rumors of a live wire, killed eight. Despite a Rs 388 crore project to move overhead cables underground, dangling wires remain, raising safety concerns.
High Stakes For a New Bee: Can Everta Plug Into India’s EV Ambitions?

High Stakes For a New Bee: Can Everta Plug Into India’s EV Ambitions?

Everta plans to invest ₹150 crore to manufacture 3,000 DC chargers by 2027, targeting 10-15% of the Indian market. Experts caution about charger utilization rates and market readiness.
3% of wind and solar capacity targets can charge India’s EV sector by 2032: Report

3% of wind and solar capacity targets can charge India’s EV sector by 2032: Report

India could power its entire EV fleet by 2032 using only 3% of its targeted 486 GW wind and solar capacity, requiring policy changes to align charging with renewable availability.
SAEL Industries arm commissions 50 MW solar project in Maharashtra

SAEL Industries arm commissions 50 MW solar project in Maharashtra

SAEL Industries' subsidiary commissioned a 50 MW solar plant in Maharashtra, generating 100 GWh annually. The project has a 25-year PPA with MSEDCL.
Sipchem reverses to loss on higher feedstock costs, lower selling prices

Sipchem reverses to loss on higher feedstock costs, lower selling prices

Sipchem reverses to loss on higher feedstock costs, lower selling prices. Cites higher feedstock costs, lower selling prices as reason for swing to net loss in Q2; Saudi Aramco raised prices for ethane, fuel products on Jan. 1.
Honda N-One e: Could this be the game changer for Honda in India?

Honda N-One e: Could this be the game changer for Honda in India?

Honda's N-One e, a retro-styled electric hatchback, boasts a 270km range and 63bhp motor. Launching in Japan and Europe, its potential India launch could create a new segment.
NGEL, BSPGCL Partner to Boost Green Energy in Bihar

NGEL, BSPGCL Partner to Boost Green Energy in Bihar

NTPC Green Energy Limited (NGEL) and Bihar State Power Generation Company Limited (BSPGCL) partnered to develop renewable energy and battery storage projects in Bihar.

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