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Time of India
23-06-2025
- Business
- Time of India
Strait of Hormuz closure poses risk to over 35% of India's crude and 42% LNG imports
New Delhi: With Iran's Parliament approving a potential closure of the Strait of Hormuz following US airstrikes on its nuclear facilities, India faces a possible disruption to over one-third of its crude and more than 40 per cent of its LNG imports . The move raises supply chain risks for one of the world's most crucial oil and gas trade routes, through which ~20 mb/d of global oil and ~290 mmscmd of LNG pass daily, according to a report by YES Securities. India imported 23.4 million metric tonnes (~5.5 mb/d) of crude in May 2025. Of this, more than 2 mb/d—over 35 per cent —comes through the Strait. Additionally, India sources about 42 per cent (11.4 mmt) of its LNG from Qatar, whose exports are entirely reliant on the passage. Russian crude imports into India, which reached 2.2 mb/d in June 2025, now exceed the combined inflows from Middle Eastern nations. Volumes from the US (~0.44 mb/d), West Africa, Brazil, and Latin America bypass Hormuz altogether, offering alternative sourcing routes via the Suez Canal, Cape of Good Hope, or the Pacific Ocean. India's evolving import strategy offers some resilience. Refiners such as Reliance and Nayara, which export over 1.3 mb/d of petroleum products, rely on discounted Russian grades and diversified logistics. Meanwhile, state-run companies like IOCL, BPCL and HPCL have gradually expanded their crude sourcing base. A temporary closure of Hormuz could trigger short-term freight rate surges and crude price volatility. YES Securities said Brent crude could rise beyond USD 80–85 per barrel in case of sustained disruption. However, a full closure remains unlikely due to potential impacts on Iran's own exports and diplomatic ties with major buyers such as China. For India, Saudi Arabia's ability to reroute oil via the Petroline–Yanbu corridor on the Red Sea offers continuity. India imports 18–20 per cent of its crude from Saudi Arabia, a portion of which can still be accessed even if the Strait is blocked. In the gas sector, India's LNG supply is less vulnerable structurally, with imports also coming from Australia, Russia (Yamal, Arctic LNG), and the US. But the heavy reliance on Qatar LNG via Petronet LNG (~7.5 mmtpa contracted) introduces exposure to delays, spot procurement, and price spikes. QatarEnergy has asked tankers to delay Gulf entry, signalling caution. Asian spot LNG prices have already increased by ~11 per cent week-on-week to USD 14/mmbtu. For Petronet LNG, any shipment disruption could impact regasification volumes and margins. India holds crude reserves for about 90 days, of which strategic petroleum reserves can bridge ~9–10 days of imports. Pricing policy tools, such as duty cuts and subsidies, offer additional levers to handle inflationary pressure. However, oil marketing companies (OMCs) face margin pressures, with FY26 LPG under-recovery estimated at Rs 28,000 crore. Standalone refiners like CPCL and MRPL may gain from diesel crack spreads but could face input cost pressure. ONGC and Oil India's upstream exposure could support earnings if crude prices rise. Market participants expect that Iran may not enforce a full blockade, instead opting for limited disruptions lasting 24–72 hours. Even short-lived blockages, however, could strain tanker availability and elevate geopolitical premiums. India's diversified import mix, strategic reserves, and refining flexibility serve as key buffers as the country monitors developments in the Gulf. The situation continues to evolve with the final decision on closure pending with Iran's Supreme National Security Council.
Time of India
20-06-2025
- Business
- Time of India
Stocks to buy today: Swiggy, Wipro among 5 trading ideas for 20 June 2025
Indian market is expected to consolidate, mirroring mixed global signals, after the Nifty50 closed slightly lower. Options data suggests a trading range between 24,300 and 25,300. Indian market may remain stable on Friday. This is due to mixed global signals. Nifty50 closed lower on Thursday. Options data suggests a trading range. Analysts recommend specific stocks for short-term trading. These include Swiggy, Eicher Motors and Wipro. Kotak Bank and M&M futures are also suggested buys. Experts advise traders to consider stop-loss levels. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Pritesh Mehta, Lead Technical Analyst at YES Securities told ETBureau F&O Strategy: Amit Trivedi, VP at YES Securities told ETBureau The Indian market is likely to consolidate on Friday, tracking mixed global Nifty50 closed 18 points lower at 24,793 on Thursday. India VIX fell 0.14% to close at 14.26 in the previous the options front, the maximum Call OI is placed at 25,000 and then towards 26,000 strikes while the maximum Put OI is placed at 24,000 and then towards 23,000 writing is seen at 24,800 and then towards 26,000 strikes while Put writing is seen at 24,800 and then towards 24,000 strikes. Price action suggests that the Nifty50 index is facing selling pressure near the 25,000 mark.'Options data suggests a broader trading range in between 24,300 to 25,300 zones while an immediate range between 24,600 to 25,000 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited , said.'The FIIs long-short ratio is hovering near 20% from past few sessions but index witnessed selling pressure from higher levels as follow up buying was missing,' he said.'Now if it manages to hold above 24,700, up move can be seen towards 24,950 and 25,200 zones while a hold below the same could see weakness towards 24,600 then 24,450 zones,' recommended Target Rs 410| Stop Loss Rs 361Buy| Target Rs 5,830| Stop Loss Rs 5,340Buy| Target Rs 290| Stop Loss Rs 257Buy| Target Rs 2,272| Stop Loss Rs 2,080Buy| Target Rs 32,96| Stop Loss Rs 2,990: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Time of India
14-06-2025
- Business
- Time of India
India's biofuel sector transitioning from promise to partial implementation: Report
India's biofuel sector is slowly moving from a stage of promise to partial implementation, supported by strong government policies, rising need for decarbonization, and the push for rural value creation, according to a report by YES Securities. The report highlighted that while government support through initiatives like SAMARTH (for biomass), E20 (for ethanol), and SATAT (for compressed biogas or CBG) remains strong, the actual progress in building the required infrastructure is uneven across different segments. It said "India's biofuel sector is transitioning from promise to partial implementation, driven by policy tailwinds". Among all segments, ethanol blending has shown significant progress, with around 18 per cent blending achieved. This has also resulted in a visible return on capital employed (RoCE) for producers. Solid biofuels are also gaining ground in industries as substitutes for coal and furnace oil. This shift is being driven by better economics and pressure to meet environmental, social, and governance (ESG) goals. However, the report noted that the CBG segment still faces several challenges. These include problems with feedstock logistics, underutilised production capacity, and the lack of infrastructure needed to monetise by-products, which are crucial for making CBG plants financially viable. The report added that investors should now focus on segments that are showing operational progress, have clear offtake guarantees linked to policy, and show a realistic path to scale. In terms of policy and mechanism support, the report explained the role of co-firing, which involves blending solid biofuels with coal in power plants. According to a Ministry of Power (MoP) order issued in 2021, all thermal power plants with a capacity of more than 200 MW are required to blend 5 per cent biomass starting from FY22. In regions prone to high stubble burning like Punjab, Haryana, and Uttar Pradesh, the limit has been increased to 7 per cent. This effort is being driven under the SAMARTH Mission, a government initiative to promote sustainable fuel use. India's coal-fired power capacity stands at about 210 GW. Even a 5 per cent blend would require around 10.5 GW of power to be generated from biofuels. This would translate to the use of 15-20 million metric tonnes (mmt) of biomass every year, creating a potential market of over Rs 500 billion. Public sector power utility NTPC has emerged as a leader in the co-firing space. As of early calendar year 2025, it has already co-fired more than 2.5 lakh tonnes of biomass across its units in Dadri, Jhajjar, and others. Some of these units have achieved 7-10 per cent biomass blending. Despite the policy push, the report pointed out several bottlenecks. These include variation in the calorific value and combustion characteristics of biomass, difficulties in logistics and storage due to the perishable nature of biomass, and the need for plant-specific burner modifications to enable efficient co-firing. The report concluded that while the biofuel sector holds significant promise, actual implementation will depend on overcoming these practical challenges and ensuring consistent progress across all segments.
India Gazette
14-06-2025
- Business
- India Gazette
India's biofuel sector transitioning from promise to partial implementation: Report
New Delhi [India], June 14 (ANI): India's biofuel sector is slowly moving from a stage of promise to partial implementation, supported by strong government policies, rising need for decarbonization, and the push for rural value creation, according to a report by YES Securities. The report highlighted that while government support through initiatives like SAMARTH (for biomass), E20 (for ethanol), and SATAT (for compressed biogas or CBG) remains strong, the actual progress in building the required infrastructure is uneven across different segments. It said 'India's biofuel sector is transitioning from promise to partial implementation, driven by policy tailwinds'. Among all segments, ethanol blending has shown significant progress, with around 18 per cent blending achieved. This has also resulted in a visible return on capital employed (RoCE) for producers. Solid biofuels are also gaining ground in industries as substitutes for coal and furnace oil. This shift is being driven by better economics and pressure to meet environmental, social, and governance (ESG) goals. However, the report noted that the CBG segment still faces several challenges. These include problems with feedstock logistics, underutilised production capacity, and the lack of infrastructure needed to monetise by-products, which are crucial for making CBG plants financially viable. The report added that investors should now focus on segments that are showing operational progress, have clear offtake guarantees linked to policy, and show a realistic path to scale. In terms of policy and mechanism support, the report explained the role of co-firing, which involves blending solid biofuels with coal in power plants. According to a Ministry of Power (MoP) order issued in 2021, all thermal power plants with a capacity of more than 200 MW are required to blend 5 per cent biomass starting from FY22. In regions prone to high stubble burning like Punjab, Haryana, and Uttar Pradesh, the limit has been increased to 7 per cent. This effort is being driven under the SAMARTH Mission, a government initiative to promote sustainable fuel use. India's coal-fired power capacity stands at about 210 GW. Even a 5 per cent blend would require around 10.5 GW of power to be generated from biofuels. This would translate to the use of 15-20 million metric tonnes (mmt) of biomass every year, creating a potential market of over Rs 500 billion. Public sector power utility NTPC has emerged as a leader in the co-firing space. As of early calendar year 2025, it has already co-fired more than 2.5 lakh tonnes of biomass across its units in Dadri, Jhajjar, and others. Some of these units have achieved 7-10 per cent biomass blending. Despite the policy push, the report pointed out several bottlenecks. These include variation in the calorific value and combustion characteristics of biomass, difficulties in logistics and storage due to the perishable nature of biomass, and the need for plant-specific burner modifications to enable efficient co-firing. The report concluded that while the biofuel sector holds significant promise, actual implementation will depend on overcoming these practical challenges and ensuring consistent progress across all segments. (ANI)
Time of India
14-06-2025
- Business
- Time of India
India's biofuel sector transitioning from promise to partial implementation: Report
New Delhi: India's biofuel sector is slowly moving from a stage of promise to partial implementation, supported by strong government policies, rising need for decarbonization, and the push for rural value creation, according to a report by YES Securities. The report highlighted that while government support through initiatives like SAMARTH (for biomass), E20 (for ethanol), and SATAT (for compressed biogas or CBG) remains strong, the actual progress in building the required infrastructure is uneven across different segments. It said "India's biofuel sector is transitioning from promise to partial implementation, driven by policy tailwinds". Among all segments, ethanol blending has shown significant progress, with around 18 per cent blending achieved. This has also resulted in a visible return on capital employed (RoCE) for producers. Solid biofuels are also gaining ground in industries as substitutes for coal and furnace oil. This shift is being driven by better economics and pressure to meet environmental, social, and governance (ESG) goals. However, the report noted that the CBG segment still faces several challenges. These include problems with feedstock logistics, underutilised production capacity, and the lack of infrastructure needed to monetise by-products, which are crucial for making CBG plants financially viable. The report added that investors should now focus on segments that are showing operational progress, have clear offtake guarantees linked to policy, and show a realistic path to scale. In terms of policy and mechanism support, the report explained the role of co-firing, which involves blending solid biofuels with coal in power plants. According to a Ministry of Power (MoP) order issued in 2021, all thermal power plants with a capacity of more than 200 MW are required to blend 5 per cent biomass starting from FY22. In regions prone to high stubble burning like Punjab, Haryana, and Uttar Pradesh, the limit has been increased to 7 per cent. This effort is being driven under the SAMARTH Mission, a government initiative to promote sustainable fuel use. India's coal-fired power capacity stands at about 210 GW. Even a 5 per cent blend would require around 10.5 GW of power to be generated from biofuels. This would translate to the use of 15-20 million metric tonnes (mmt) of biomass every year, creating a potential market of over Rs 500 billion. Public sector power utility NTPC has emerged as a leader in the co-firing space. As of early calendar year 2025, it has already co-fired more than 2.5 lakh tonnes of biomass across its units in Dadri, Jhajjar, and others. Some of these units have achieved 7-10 per cent biomass blending. Despite the policy push, the report pointed out several bottlenecks. These include variation in the calorific value and combustion characteristics of biomass, difficulties in logistics and storage due to the perishable nature of biomass, and the need for plant-specific burner modifications to enable efficient co-firing. The report concluded that while the biofuel sector holds significant promise, actual implementation will depend on overcoming these practical challenges and ensuring consistent progress across all segments.
