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Siemens Energy India Ltd (SEIL) on Thursday posted 52.4 per cent rise in net profit at Rs 375 crore for March quarter. It had reported a net profit of Rs 246 crore in the same quarter a year ago, the company said in a statement. Revenue from operations rose 27.4 per cent to Rs 2,394 crore from Rs 1,880 crore in the year-ago period. Siemens Energy India follows October to September as its financial year. "We delivered another strong quarter with a focus on profitable growth and value creation. Despite current global scenario, the company kept its high performance through disciplined execution of its healthy backlog," Managing Director and Chief Executive Officer Guilherme Mendonca said. Demand momentum in India remains strong, driven by electrification, decarbonization and energy security priorities, as well as export opportunities, he added. SEIL provides solutions across the entire energy value chain from power and heat generation, transmission to storage.
Billionaire Gautam Adani said on Monday that energy security and digital infrastructure would define geopolitical power in the coming decades, as he called on India to build sovereign capabilities across the artificial intelligence value chain. Addressing the Confederation of Indian Industry's (CII) Annual Business Summit 2026, the chairman of the Adani Group said the assumptions underpinning decades of globalisation were being dismantled amid rising geopolitical fragmentation. "The world that is emerging is not flat. It is fractured and contested," Adani said. "Semiconductors have become instruments of statecraft. Data is being treated as a national resource. Clouds are being weaponised. And Artificial Intelligence is being built behind the protective walls of data centres." Referring to recent geopolitical conflicts and attacks on infrastructure, Adani said "energy security and digital security are now the twin pillars of national power." "The country that controls its energy wil
India's state-run oil marketing companies have bled an estimated Rs 30,000 crore in losses since mid-March as they kept fuel and LPG supplies flowing without raising retail prices despite facing an energy disruption that is bigger than all previous crises combined. Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have maintained uninterrupted supplies of petrol, diesel, LPG, aviation turbine fuel and other petroleum products since the start of the West Asia conflict, without raising retail prices despite a more than 50 per cent surge in input costs. Their supply networks were stretched to the limit, as panic buying triggered a sharp spike in demand after the war disrupted traffic through the Strait of Hormuz, a key route for the majority of India's energy imports. Yet there was no dry out or price increase. In doing so, the three companies together incurred an estimated Rs 30,000 crore in under-recoveries - the
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday met Dave Ernsberger, President of S & P Global, and discussed global energy trends, supply resilience, and India's ongoing transition towards sustainable energy sources.In a post on X, Puri said, "Had a productive meeting with Dave Ernsberger, President, S & P Global. Our discussions centered on the demand supply situation in global energy markets and ways to build resilient energy supply chains. India is moving aggressively on Green Hydrogen, biofuel blending, and a range of alternative fuels, while simultaneously accelerating domestic exploration and production efforts."He added that these initiatives are aimed at building "a resilient, sustainable, and future-ready energy ecosystem for the nation," highlighting India's dual approach of strengthening conventional energy production while expanding clean energy alternatives.Earlier, Pushkar Singh Dhami met Puri at Kartavya Bhavan in New Delhi and raised .
India's energy storage sector is poised for a breakthrough decade, with Behind-the-Meter (BTM) stationary storage market projected to grow from 32 GWh annual demand in 2025 to over 39 GWh by 2033, a report stated. According to the report by India Energy Storage Alliance (IESA), the BTM systems include on site energy generation and storage located on the customer's side of the utility meter. These BTMs are like rooftop solar panels, battery storage, as well as batteries for backup applications installed with UPSA, inverters, and telecom towers. These systems enable direct use of generated or stored energy without passing through the grid. As the cost of lithium-ion batteries and solar-plus-storage systems continues to tumble, more businesses and consumers across India are turning to on-site energy storage to manage rising grid tariffs and ensure reliable power. In 2024, the levelized cost of energy from a rooftop solar system with storage hovering around Rs 6-7 per kWh, is already
An India-flagged liquefied petroleum gas (LPG) tanker, Jag Vikram, has crossed the Strait of Hormuz, marking the first such transit by an Indian vessel since a temporary two-week ceasefire between the United States and Iran was announced, according to ship-tracking data. The tanker moved through the strategic waterway between Friday night and Saturday morning and was located in the Gulf of Oman, east of the Strait on Saturday afternoon, proceeding eastwards. Jag Vikram is the ninth Indian vessel to exit the Persian Gulf since early March, while about 15 India-flagged ships remain in the region, awaiting passage. Owned by Mumbai-based Great Eastern Shipping Company, Jag Vikram is a mid-sized gas carrier with a deadweight capacity of over 26,000 tonnes. Trade sources estimate it could be carrying around 20,000 tonnes of LPG. At least 28 India-flagged vessels were in the Strait of Hormuz region when the West Asia conflict erupted, including 24 on the western side and four on the east