Shalini Sharma

New Delhi

Principal Correspondent at PSU Watch

Journalist. Tracking energy sector for @PsuWatch | @theenergywatch. Opinions are mine alone. Not my employer's. [email protected]

Featured in: Favicon

psuwatch.com

Articles

Petrol, diesel, LPG, ATF consumption witnesses robust growth in May

4 days ago | psuwatch.com | Shalini Sharma

Diesel consumption, on the other hand, grew 1.89 percent in May year-on-year, settling at 8,571 TMT. In India, diesel is primarily consumed in the transport sector (including trucks, buses, railways and commercial vehicles), and in agriculture. An increase in diesel consumption is directly linked to the growth of the economy. The fuel also claims over 40 percent share in India’s basket of refined petroleum products.
CIL’s coal offtake declines 7.8% in May despite rising summer power demand

5 days ago | psuwatch.com | Shalini Sharma

New Delhi: Coal India Limited (CIL), the country’s largest coal miner, witnessed a significant drop in coal offtake during May 2025 and the April-May period, even as India’s power demand surged due to rising summer temperatures. The fall in coal dispatches from CIL — which supplies over 80 percent of the fuel used by the country’s thermal power plants — comes at a critical time when electricity consumption is typically at its seasonal peak.
From oil-heavy to diversified player, EIL’s FY25 order book tells a new story

1 week ago | psuwatch.com | Shalini Sharma

EIL, which provides engineering consultancy and engineering, procurement, and construction (EPC) services, had, until now, almost 90 percent of its business coming in from the oil and gas and petrochemical sectors. However, at the end of FY25, the share of non-oil and gas segments in EIL’s order book has increased to around 45 percent, with oil and gas comprising the remaining 55 percent, said the CMD.
EIL delivers 167% profit surge in Q4; FY25 net up 30% despite revenue dip

1 week ago | psuwatch.com | Shalini Sharma

For the full financial year 2024–25, EIL’s standalone revenue from operations declined 6.3 percent YoY to Rs 3,02,835 lakh, primarily due to a 24.1 percent drop in revenue from turnkey projects, which fell from Rs 1,77,788 lakh in FY24 to Rs 1,34,959 lakh in FY25. In contrast, Consultancy and Engineering Projects revenue grew 15.4 percent YoY to Rs 1,67,876 lakh, offsetting part of the contraction.
NCLT allows Centre to attach bank accounts, lockers of Gensol, subsidiaries & individuals

1 week ago | psuwatch.com | Shalini Sharma

The blocks—Semhardih Phosphorite and Limestone Block and Raipura Phosphorite and Limestone Block—were awarded to NLCIL following an e-auction conducted by the Ministry of Mines, Government of India, on May 15 and 16, 2025. This development marks a strategic diversification for NLCIL, traditionally known for its lignite mining and power generation operations.
DRT asks Gensol to maintain 'status quo' on secured assets & vehicles

2 weeks ago | psuwatch.com | Shalini Sharma

DRT schedules next hearing for May 28 In all matters, the DRT directed the defendants to maintain status quo with respect to secured assets and vehicles, asked the applicant institutions to provide complete copies of the OA documents to defendants' counsel within two days and file proof of service, directed the defendants’ counsel to file vakalatnama within three days, ordered the Tribunal registry to issue notices on interim reliefs to remaining defendants, and scheduled all matters for...
Khattar asks Karnataka to complete smart meter rollout across govt bodies, colonies by Aug 2025

2 weeks ago | psuwatch.com | Shalini Sharma

The minister assured continued support from the government for strengthening the power sector in Karnataka and reaffirmed the Centre’s commitment to the welfare and development of the state and its people. The meeting covered a comprehensive review of the power sector in the state of Karnataka and was held in Bengaluru on Friday, said the Ministry of Power.
Oil companies incurred Rs 40,000-cr loss to keep LPG prices affordable last year: Puri

2 weeks ago | psuwatch.com | Shalini Sharma

Puri informed that LPG prices in India are among the lowest globally. Despite a steep 58 percent increase in international LPG prices, PMUY consumers now pay Rs 553 for a 14.2 kg cylinder—39 percent less than the Rs 903 they paid in July 2023. Oil companies have incurred Rs 40,000 crore loss last year in order to keep LPG prices low. Cylinder of approximately Rs 1,058 cost is being sold at Rs 553 to Ujjwala consumers. For regular consumers, the price is Rs 853.
Q4 FY25: ONGC reports sharp drop in profit due to lower price realisation & higher costs

2 weeks ago | psuwatch.com | Shalini Sharma

New Delhi: Oil and Natural Gas Corporation (ONGC), India’s largest upstream oil and gas producer, reported a significant decline in its standalone and consolidated profitability for the fourth quarter and the full financial year 2024–25. The company announced its financial results late on May 21 evening, after market hours. On Thursday, ONGC shares opened at Rs 248.07 apiece and closed lower at Rs 242.10 on the NSE, reflecting investor reaction to the earnings.
CEA looks to engage experts & CDSOs for technical evaluation of HEPs & PSPs

2 weeks ago | psuwatch.com | Shalini Sharma

New Delhi: To accelerate the evaluation process of Hydro-electric Projects (HEPs) and Pumped Storage Projects (PSPs), the Central Electricity Authority (CEA), under the Ministry of Power, has issued two separate Expressions of Interest (EOIs). These aim to empanel geological experts and Central Design Organisations of the States (CDSOs) for comprehensive technical evaluation of project proposals.