Speaking ahead of the BRICS Summit in New Delhi, Shastri said India’s large energy requirements and population of 1.4 billion contribute to high imports from several BRICS economies
The extensions give companies additional time to assess offshore acreage, where exploration typically requires greater upfront capital, sophisticated technology and longer development timelines
The investment will be spread over the next five years and funded through internal reserves, equity and future cash flows, with limited use of debt
Speaking at the India Sugar & Bio-Energy Conference 2026, Kapoor said the E20 programme has progressed successfully and the next phase would involve blends with ethanol content above 20 per cent
The state’s position is supported by a combination of renewable energy availability, transmission infrastructure, water resources, an established pipeline network and demand from heavy industries
India, as BRICS chair, has identified sustainability as a priority, covering climate action, green finance, energy transitions and sustainable development
Oil movements through the region have continued despite the conflict, but further attacks on tankers or infrastructure could increase the risk of more significant disruptions
The investment is planned over the next five years and will be funded through internal reserves, equity and future cash flows, with limited reliance on debt
The International Energy Agency (IEA) had previously expected global coal consumption to decline slightly this year
The order has been awarded to Enviro Infra Engineers through its step-down subsidiary, Suyog Urja Ltd
