Sanjay Dutta

Cheaper crude gives room for excise duty hike, fuel price cut

Sep 24, 2024The drop in oil prices offers the Indian government an opportunity to raise excise duty, partly absorbing fuel retailers' profits. This could result in moderate reductions in petrol and diesel prices, helping curb inflation. The government must decide whether to enhance fiscal revenues or pass savings on to consumers.

ACC red flags ministries flouting norms for top PSU appointments

Sep 22, 2024

India’s appetite for oil can a bargaining chip in a gloomy market: Official

Sep 20, 2024Indian refiners are using their substantial consumption to negotiate better terms for next year's contracts with suppliers, particularly Russia. With India's oil demand growing despite global forecasts being lowered, they aim to secure discounts and favorable conditions in a subdued market. Talks among Indian refiners and Russian suppliers are ongoing.

The wait for fuel price cut gets longer on volatile oil

Sep 20, 2024Indian fuel retailers are holding off on reducing petrol and diesel prices despite cheaper crude oil, citing market volatility. They prefer stable conditions before making any changes. Recently, oil prices fluctuated between $70 and $75 per barrel due to global economic factors and US interest rate cuts, impacting pricing decisions.

India best bet for 21st century: PM Modi on green energy vision

Sep 17, 2024During a renewable energy summit in Gandhinagar, PM Modi emphasized that India is viewed globally as a key player for the 21st century. He outlined India's ambition to become the third-largest economy by 2047 and its commitment to green energy sources including solar, wind, nuclear, and hydro power to achieve sustainable development.

India preparing base for next 1,000 years, best bet for the 21st century: PM Modi

Sep 16, 2024Prime Minister Narendra Modi outlined India's long-term vision for sustainability and global leadership at a renewable energy summit in Gujarat. He emphasized the country's unique potential and pro-people policies that aim to make India a developed nation by 2047. Modi also highlighted India's commitment to green energy through initiatives like the PM rooftop solar scheme.

Torrent Power lines up Rs 7,200 crore green hydrogen foray

Sep 16, 2024Torrent Power Ltd announces a Rs 7,200 crore investment in green hydrogen and ammonia production, targeting a total renewable energy capacity of 10 gigawatts by 2030. The project aims to create about 1,000 jobs and highlights the company's commitment to sustainable energy solutions in line with national priorities.

Ruth Herbert to head business development at Essar-promoted EET

Sep 12, 2024Essar Energy Transition has appointed Ruth Herbert as managing director for business development and strategic initiatives. With over 15 years in the energy sector, she will focus on identifying new opportunities and aligning projects with the evolving energy landscape. Previously, she was CEO of the UK's Carbon Capture Storage Association, where she expanded its membership and influence.

India plans to position itself as global green hydrogen hub: PM Modi

Sep 12, 2024

Indian government allocates Rs 12,461 crore for hydel projects

Sep 11, 2024The government has allocated Rs 12,461 crore to aid in constructing hydel projects totaling 31,350 MW over eight years. Starting from 2024-25, the scheme provides budgetary support for infrastructure and is applicable to hydro power projects above 25 MW capacity, including private sector and pumped storage power projects.