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NEW DELHI: The government announced the rationalisation of royalty rates and methodologies for crude oil, natural gas and casing head condensate (a light hydrocarbon liquid obtained during gas production), in a move aimed at simplifying regulations and boosting India’s upstream energy sector.Union petroleum and natural gas minister Hardeep Singh Puri said the decision would bring…
Wars and geopolitical conflicts often have unexpected impacts for economies. Countries are struggling with tight energy supplies and companies in the Gulf are forced to rethink their production volumes. The key question is, what impact will the Middle East conflict have on Indian companies?While most Indian retailers are facing losses amid supply concerns, the Iran…
NEW DELHI: The Union government has prepared a Rs 6.4 trillion ($77 billion) transmission plan to transfer more than 76 gigawatts of hydroelectric capacity from the Brahmaputra basin by 2047 to meet rising electricity demand, the Central Electricity Authority (CEA) said on Monday.In a report released on Monday, the CEA said the plan includes 208…
