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India is preparing for potential fuel shortages. The government is exploring options like limiting fuel exports and increasing Russian crude imports. Demand management measures, including LPG rationing, are also under consideration. These steps are being taken due to ongoing disruptions in the Strait of Hormuz. View More
New Delhi: India is weighing a range of contingency options including restricting petrol and diesel exports, increasing Russian crude imports , and introducing demand-management measures such as LPG rationing to address potential fuel shortages if traffic through the Strait of Hormuz remains disrupted for weeks, said people familiar with ongoing discussions between the government and industry. Oil and gas prices surged on Monday, with Brent crude futures rising nearly 10% to $80 a barrel and European gas jumping more than 40%, as the widening West Asia conflict and attacks on energy facilities including Saudi Arabia's Ras Tanura refinery and a Qatari LNG plant triggered production shutdowns. Also Read: India unlikely to see petrol, diesel price hike despite global oil prices spiking to $80 Tanker movement through the Strait remained sparse for the second day on Monday, heightening concerns over supply continuity and prompting officials and refiners to review fallback options. Industry executives and oil ministry officials are examining supply and demand management measures. LPG Most Vulnerable However, many believe Iran may struggle to sustain military momentum and any disruption to transit through the Strait could normalise rapidly, said the people cited above. US president Donald Trump has, however, said the conflict in West Asia could last as much as four weeks.“We are continuously monitoring the evolving situation, and all necessary steps will be taken in order to ensure availability and affordability of major petroleum products in the country,” the oil ministry said on X after a review by oil minister Hardeep Puri.Also Read: Trump’s Iran strike risks wider West Asia war as oil prices surge, diplomacy collapsesA key step being considered by the Indian government is curbing exports of petrol and diesel to boost domestic availability in an emergency, the people said.India exports about a third of its petrol, a quarter of its diesel, and about half of its aviation turbine fuel (ATF) output. Refiners could also redirect surplus ATF into other product streams if required, they said. The most immediate vulnerability is LPG, where India depends on imports for nearly two-thirds of consumption and maintains modest inventories. About 85-90% LPG imports come from the Gulf.TWO WEEKS COVERIndustry estimates suggest that stocks—including onshore inventories and cargoes that have already crossed Hormuz—may cover less than two weeks if supplies are interrupted. In response, state-run refiners Indian Oil, HPCL, and BPCL have begun increasing LPG output at select petrochemical integrated refineries.Targeted demand-management steps, including rationing LPG for customers with access to alternative fuels, particularly in rural areas, are also being discussed, people said.India’s crude reserves can cover about 17–18 days of consumption, refined fuels such as petrol and diesel about 20–21 days, and LNG about 10–12 days. In the absence of fresh arrivals through Hormuz, these buffers would steadily decline. In recent months, the Gulf accounted for about half of India’s crude and LNG imports.Boosting imports of Russian oil to compensate for the Gulf supply loss is also being considered, the people said. Significant quantities of Russian oil remain on the water and could be redirected relatively quickly.If global supplies tighten and prices rise sharply, Washington’s stance could soften, letting Indian refiners take more Russian oil, people said. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Kaiga units 5 and 6 will be 700 MW pressurised heavy water reactors (PHWRs), part of India's standardised fleet mode programme aimed at accelerating nuclear capacity addition. View More
New Delhi : State-run Nuclear Power Corporation of India Ltd ( NPCIL ) on Thursday started construction of units 5 and 6 with 700 MW reactors at Kaiga in Karnataka . The gestation period of a nuclear power project is calculated from the 'first pour of concrete'. The first of the two units is expected to attain criticality, which is a major commissioning milestone for a new nuclear power plant, in around 60 months, a statement from the company said. Kaiga units 5 and 6 will be 700 MW pressurised heavy water reactors (PHWRs), part of India's standardised fleet mode programme aimed at accelerating nuclear capacity addition. NPCIL said the reactors come with advanced safety features and are among the most robust in their class globally. The Kaiga expansion follows the commissioning of similar 700 MW PHWRs at Kakrapar in Gujarat. Live Events NPCIL is implementing Kaiga 5and 6 through a limited number of large engineering, procurement and construction ( EPC ) packages covering excavation, the nuclear island, turbine island and nuclear instrumentation. The approach is aimed at reducing interface risks and reducing project timelines. The project will draw extensively on domestic manufacturing capabilities, with equipment and components sourced from Indian industry partners and construction handled by local contractors. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The primary market will see Sedemac Mechatronics’ Rs 1,087 crore IPO open next week, while nine companies line up for listings across mainboard and SME platforms. Muted grey market premiums and selective investor interest reflect cautious sentiment despite healthy subscription levels. View More
The primary market will see limited new openings next week, with just one company launching its public offer for subscription. However, as many as nine companies are scheduled to list across mainboard and SME platforms. The only new issue opening next week is the Rs 1,087 crore IPO of Sedemac Mechatronics. The offer, which is entirely an offer for sale, will open on March 4 and close on March 6. The price band is set at Rs 1,287-1,352 per share. At the upper end, the company commands a pre-IPO market cap of around Rs 5,971 crore. The minimum retail investment stands at Rs 14,872 for one lot of 11 shares. Sedemac, a Pune-based technology company incorporated in 2007, designs and manufactures control electronics for automotive and industrial applications. It is known for its sensorless commutation-based integrated starter generator ECU technology for two- and three-wheelers. The company has shown steady financial growth, with total income rising to Rs 775 crore for the nine months ended December 2025, and profit after tax at Rs 71 crore. Since the issue is entirely an OFS, the proceeds will go to selling shareholders and not to the company. Market participants will closely track grey market activity and anchor participation to gauge investor appetite, especially given the mixed sentiment seen in recent listings. Live Events Listings to dominate the week While fresh fundraising activity is muted, listings will drive the action. Clean Max Enviro Energy Solutions , which barely scraped through with just about full subscription on the final day due to institutional support, is scheduled to debut. Its grey market premium is currently negative, suggesting a cautious listing. Shree Ram Twistex, which was subscribed nearly 44 times, enters the market with strong retail and NII participation. However, its GMP is flat at 0%, indicating expectations of a listing close to the issue price. PNGS Reva Diamond Jewellery, subscribed 1.3 times overall, is also trading at a negative GMP, hinting at limited listing gains. Omnitech Engineering, with 1.2 times subscription, carries a flat grey market signal. On the SME side, Yaap Digital, Accord Transformer, Mobilise App, Kaisa Retail and Striders Impex will make their debuts. Among these, only Accord Transformer is showing a decent GMP of around 9% over its issue price, suggesting relatively better listing interest. The others are either flat or weak in the unofficial market. This reflects a cautious primary market. High subscription levels are no longer automatically translating into strong grey market premiums. Investors appear selective, focusing on fundamentals, valuations and sector outlook rather than chasing every issue. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
A ceremonial cheque was handed over to Minister of Power Manohar Lal by company officials on February 25, NTPC said in a statement. View More
New Delhi: State-owned electricity generator NTPC on Friday said it has paid the power ministry Rs 2,666.58 crore in second interim dividend for FY26. A ceremonial cheque was handed over to Minister of Power Manohar Lal by company officials on February 25, NTPC said in a statement. " NTPC Ltd paid the second interim dividend of Rs 2,666.58 crore on 25th February 2026 for the financial year 2025-26, being 27.50 per cent of the paid-up equity share capital of the company," it said. This is the 33rd consecutive year that NTPC Ltd has paid a dividend. NTPC is India's largest power generation company, catering to the country's one-fourth of electricity demand . Live Events The company operates more than 87 GW of installed capacity, with another 32 GW under construction . .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Russian forces have controlled the Zaporizhzhia nuclear power plant since early 2022, shortly after Moscow launched its full-scale invasion of Ukraine. View More
The Director General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi (not seen), visits Ukraine's Zaporizhzhya Nuclear Power Plant (ZNPP) in Russian-controlled Energodar, on March 29, 2023.Anadolu | Anadolu | Getty Images Russia and Ukraine agreed to a local ceasefire to allow for repairs of the backup power lines to the Zaporizhzhia nuclear plant, according to the United Nations' nuclear watchdog. The International Atomic Energy Agency, or IAEA, said in a short statement Friday that a truce had taken effect in southern Ukraine to enable the restoration of the 330-kilovolt supply line to Europe's largest nuclear power plant."Demining activities are ongoing to ensure safe access for the repair teams," IAEA Director General Rafael Mariano Grossi said on social media.The local ceasefire, which the IAEA said it had helped to secure, comes shortly after the fourth anniversary of Russia's full-scale invasion of Ukraine.Russian forces have controlled the Zaporizhzhia nuclear plant since the first few weeks of the invasion. Situated in the southeast of the country, the plant is Ukraine's largest and houses six of its 15 operational nuclear power reactors. It has recently been reliant on external power to sustain all essential nuclear safety functions. Both sides have accused each other of raising the risk of a catastrophic accident by staging attacks near to the plant.Russian nuclear power company Rosatom said Friday that IAEA specialists located at the power plant were monitoring repairs to the disconnected power line, according to state news outlet RIA Novosti.Ukraine's Foreign Ministry had not responded to CNBC's request for comment as this article went live. View of Zaporizhzhya Nuclear Power Plant from right bank of Dnipro river. At the moment the left bank of the Dnipro River is occupied by Russian forces including the nuclear plant.Pacific Press | Lightrocket | Getty Images Earlier this month, the IAEA warned the Zaporizhzhia nuclear plant was operating on its last remaining power line, reportedly as a result of military activity near the switchyard operated by the Zaporizhzhia thermal power plant.Analysts at the Institute for the Study of War think tank said Tuesday that the fifth year of Russia's war hadn't started well for President Vladimir Putin, noting Ukrainian forces have recently made the most significant gains on the battlefield since the country's incursion into Russia's Kursk Oblast in August 2024.
The relief applies to projects whose original scheduled commercial operations date (SCOD) fell between March 21, 2024 and December 19, 2025 View More
Chief Economic Advisor V. Anantha Nageswaran has expressed confidence of above 7% GDP growth potential of the economy. India is on path to become the world’s third largest economy by the end of this decade - third only to the US and China. View More
The National Company Law Tribunal (NCLT) has approved JSW Energy Ltd’s acquisition of Raigarh Champa Rail Infrastructure (RCRIPL) via the insolvency resolution process. The Sajjan Jindal-led company proposed a Rs 700 crore revival plan against admitted liabilities of Rs 543 crore, ensuring lenders a recovery of about 129%. View More
The bankruptcy court has recently approved Raigarh Champa Rail Infrastructure ’s acquisition by JSW Energy Ltd through the insolvency resolution process. Sajjan Jindal-owned JSW Energy has proposed a Rs 700 crore revival plan against the company’s admitted liabilities of about Rs 543 crore, resulting in a recovery of about 129% for the lenders. Before the National Company Law Tribunal’s nod, the company’s secured creditors had unanimously approved the revival plan for the company. “All crystallised liabilities and unclaimed liabilities of the corporate debtor (Raigarh Champa Rail Infrastructure) as on the date of this order shall stand extinguished on the approval of this resolution plan,” said the division bench of judicial member Rajeev Bhardwaj and technical member Sanjay Puri in its order. “Henceforth, no creditors of the erstwhile corporate debtor can claim anything other than the liabilities referred to in the resolution plan,” said the order of January 21, which was recently uploaded. Apart from JSW Energy, companies such as Adani Power Ltd , Vedanta Ltd , Jindal Power Ltd , Medha Servo Drives Pvt Ltd, Shanti GD Ispat & Power Pvt Ltd, and Sherisha Technologies Pvt Ltd also expressed interest in acquiring the distressed power company. Live Events Also, the NTPC-led consortium had requested permission to participate in the company’s corporate insolvency resolution process (CIRP) on an independent and standalone basis, which the COC did not approve. The public sector companies Power Finance Corporation (PFC) and REC Ltd (REC) were part of the NTPC consortium. In an application filed by Axis Bank , Raigarh Champa Rail Infrastructure was admitted under the CIRP on January 1, 2021. Subsequently, all the lenders had assigned their debt to JM Financial Asset Reconstruction Company (JMFARC). The tribunal, in its order, observed that JSW Group has a proven track record of acquiring strategic assets and turning them around in record time by closely integrating them into its existing operations, thereby creating synergies and optimising costs. In March last year, JSW Energy acquired KSK Mahanadi Power Company Ltd (KMPCL), a 3,600 MW thermal power plant in Chhattisgarh, for Rs 16,084 crore through the insolvency process. Following the KMPCL acquisition, JSW Energy held significant indirect ownership in Raigarh Champa Rail Infrastructure (RCRIPL), the sole provider of rail infrastructure for coal transportation services to KMPCL. In the past, the company had acquired Ind Bharat Energy (Utkal) Ltd for Rs 1,047 crores through the insolvency resolution process. The company had also acquired a majority shareholding in KSK Water Infrastructure (KWIPL). Currently, JSW Energy has a capacity of 13,008 MW. This includes power plants with a capacity of 5,658 MW, hydro power plants with a capacity of 1,631 MW, solar power projects with a capacity of 2,157 MW, and wind projects with a capacity of 3,562 MW. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)