Energy

Nayara Energy, India’s second-largest private oil refiner, is grappling with the fallout of European Union sanctions linked to Russian ownership. With Rosneft holding nearly 49% of the company, sanctions have restricted crude procurement, disrupted equipment supplies, and curtailed international trade. In response, Nayara has scaled down operations at its Vadinar refinery, redirected fuel sales to domestic buyers such as Hindustan Petroleum Corporation Ltd. (HPCL), and sought government assistance for critical repair components.

GK Energy, a rising player in the renewable energy sector, is set to launch its initial public offering (IPO) on September 19. The offering aims to raise significant capital to expand its renewable energy projects and strengthen its operational footprint across India. Investors are keenly watching the price band, allotment details, and potential valuation, reflecting broader market interest in sustainable energy ventures.

Avaada Energy, a prominent renewable energy developer in India, has successfully commissioned multiple solar power plants in Maharashtra, significantly expanding its footprint in the country’s clean energy sector. The projects, part of Avaada’s broader strategy to accelerate sustainable power generation, are expected to enhance regional energy reliability while supporting India’s net-zero and renewable energy targets. With the addition of these facilities, Avaada strengthens its position as a leading solar energy player, demonstrating both technical capability and operational efficiency.

Saatvik Green Energy is set to open its initial public offering (IPO) on September 19, aiming to raise capital to strengthen its renewable energy portfolio and scale operations. The company, focused on solar and sustainable power solutions, plans to utilize the proceeds for project development, technology enhancement, and debt reduction. Investor interest is expected to be high, given the global shift toward clean energy and the Indian government’s push for renewable infrastructure.

NTPC Green Energy Ltd. has successfully commissioned a 25 MW solar power project in Gujarat, marking a significant step in India’s renewable energy expansion. The operationalization of this facility underscores NTPC’s commitment to scaling up clean energy generation and supporting the nation’s net-zero targets. Strategically located in a high solar-potential region, the project is expected to contribute meaningfully to local power supply, reduce carbon emissions, and reinforce Gujarat’s position as a hub for sustainable energy infrastructure.

Former U.S. President Donald Trump has called for sweeping tariffs on Chinese imports while proposing a complete ban on Russian oil shipments, signaling a hardline stance on trade and energy security. His remarks reflect growing geopolitical tensions and rising concerns about America’s economic vulnerability to foreign powers. Trump argued that tariffs would protect domestic industries from Chinese competition, while curbing Russian oil imports would weaken Moscow’s leverage over global energy markets.

Nayara Energy, a key player in India’s refining sector, is navigating turbulent geopolitical waters as global sanctions on Russian crude intensify. The company, partly owned by Russian entities, has leaned heavily on discounted Russian oil to sustain refining margins over the past two years. While the strategy has bolstered profitability, mounting international pressure and regulatory vigilance are raising questions about the long-term sustainability of this reliance.

India’s equity markets witnessed a significant upswing last week, with the country’s 10 most valuable companies collectively adding Rs. 1.69 lakh crore in market capitalization. Bajaj Finance emerged as the strongest performer, leading the pack with robust gains that underscored investor confidence in its long-term growth story. The rally reflected broader optimism across sectors, ranging from financial services and IT to energy and consumer goods, signaling renewed momentum in large-cap stocks amid supportive economic fundamentals and improving global sentiment.

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The United States has called on G7 nations to implement tariffs on countries purchasing Russian crude, aiming to curb Moscow’s revenue from energy exports amid ongoing geopolitical tensions. The proposal seeks to pressure Russia economically while stabilizing global energy markets affected by the conflict in Ukraine. Washington argues that imposing a price cap on Russian oil, coupled with targeted tariffs, will limit the Kremlin’s financial leverage without severely disrupting global supply chains.

ACME Solar, one of India’s leading renewable energy developers, has placed a landmark order for a 2-gigawatt-hour (GWh) battery storage system, underscoring its commitment to integrating large-scale energy storage with solar power projects. The move aims to enhance grid stability, manage intermittent renewable generation, and provide round-the-clock clean energy to industrial and commercial customers.