Energy

Southern Petrochemical Industries Corporation (SPIC) reported a significant rebound in its second-quarter earnings, registering a 74% surge in net profit to Rs 61 crore. The improved performance reflects stronger operational efficiencies, better cost management, and resilient demand across its fertilizer portfolio. Despite volatility in global commodity markets, the company managed to stabilize margins and strengthen its production output. Revenue remained steady, supported by consistent off-take in key agricultural regions.

Electric scooter manufacturer Ather Energy reported a significant improvement in its financial performance for the second quarter (Q2), with net losses narrowing to Rs 154 crore, compared with Rs 342 crore in the same period last year. The Bengaluru-based company attributed the improvement to robust revenue growth, cost optimization, and operational efficiencies. Revenue from operations rose sharply to Rs 1,753 crore, driven by strong demand for its electric two-wheelers and expanding retail footprint.

The Indian Gas Exchange (IGX) Gas Price Index witnessed an 11% year-on-year decline in October, reflecting a moderation in global liquefied natural gas (LNG) prices and subdued domestic demand. Despite short-term volatility, India’s natural gas market continues to show signs of structural maturity, driven by expanding infrastructure and policy reforms aimed at deepening gas-based energy usage.

Renewable energy company SAEL Industries has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise ₹4,575 crore through its initial public offering (IPO). The issue will comprise a fresh equity sale worth ₹3,750 crore and an offer for sale (OFS) of ₹825 crore by existing investor Norfund, the Norwegian government’s development finance institution.

ReNew Energy Global Plc has achieved the highest environmental, social, and governance (ESG) score among India’s power generation companies in S&P Global’s latest Corporate Sustainability Assessment. The recognition marks a significant milestone for the renewable energy major, underscoring its strong sustainability credentials, transparent governance, and commitment to responsible business practices.

Schneider Electric, the global leader in energy management and automation, has announced the appointment of new directors to its board, signaling a strategic move to bolster corporate governance and drive sustainable growth. The appointments bring a mix of industry expertise, technological insight, and international business experience, aligning with the company’s focus on innovation, digital transformation, and decarbonization initiatives.

India is set to expand crude oil imports from key suppliers in the Middle East and the United States to strengthen its energy security amid global market volatility. The move aims to diversify supply sources, mitigate price risks, and meet rising domestic energy demand fueled by industrial growth and transportation needs. Officials indicate that increased imports will be strategically balanced between long-term contracts and spot market purchases, optimizing costs and supply stability.

Reliance Industries Ltd. (RIL), India’s largest private-sector refiner, has confirmed it will fully comply with U.S. sanctions governing the purchase of Russian crude oil. The company’s decision reflects its commitment to adhering to international trade norms while maintaining uninterrupted operations at its Jamnagar refinery, one of the largest refining complexes globally. This compliance stance comes amid tightening Western restrictions on Russia’s energy exports, designed to limit Moscow’s oil revenue.

Premier Energies, one of India’s leading renewable energy equipment manufacturers, has announced its entry into the transformer manufacturing segment—a strategic diversification aimed at bolstering the country’s renewable energy infrastructure. The move aligns with India’s accelerating shift toward clean energy and the growing demand for high-efficiency electrical components in solar and wind projects. By expanding into transformer production, Premier Energies seeks to enhance supply chain integration, reduce import dependency, and deliver advanced, energy-efficient solutions.

Severe floods in Jammu & Kashmir have delayed several key hydropower projects, according to the Managing Director of J&K Bank. The unprecedented rainfall and swollen rivers have caused operational disruptions, damaged infrastructure, and stalled construction activities, impacting project timelines and financial forecasts. While hydropower remains a critical driver of regional energy security and economic growth, the natural calamity underscores the vulnerability of infrastructure to climate events.