ICRA says oil import bill to rise to $101-104 billion in FY25

India’s net crude oil import bill could reach $101-104 billion in the current financial year 2024-25 from $96.1 billion in FY24 provided the discounts on Russian crude purchase remain at prevailing lower levels amid rising import dependency, Icra said in its latest report. The estimate assumes an average crude oil price of $85 per barrel

ICRA says India needs to invest hugely to meet the targets of green hydrogen output

According to ICRA research report, India’s drive to enhance green hydrogen production will involve huge investment of $5224 million factoring in renewable energy capacity addition of 60 GW and investment in electrolyser manufacturing facilities. Currently, about 98 per cent of hydrogen is produced with use of fossil fuels (grey or blue hydrogen). However, surge in

India to attract large investments due to COP26 commitments: ICRA

The commitments on emission control made by India at the recent Glasgow COP26 summit are expected to benefit the country in the long-term with new technologies in energy efficiency, carbon reduction and green fuels, rating agency ICRA said adding this is likely to attract investment in billions across sectors. ICRA, in its recent research report,