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India says higher Russian oil imports are part of long-term energy security strategy
14 Jul 20263MINS
SupplementAL
India's Ministry of Petroleum and Natural Gas has defended the country's rising imports of Russian crude oil, stating that the increase is part of a long-term strategy to diversify supply sources and safeguard energy security amid disruptions in West Asia. Responding to an editorial published by The Hindu, the ministry said the rise in Russian oil imports followed the disruption of shipments through the Strait of Hormuz after military strikes on Iran in late February 2026. According to the mi ...
Nexon Geochem eyes fully integrated 1200 mpta NdFeB permanent magnet manufacturing facility by FY 2033
14 Jul 20263MINS
SupplementAL
In a groundbreaking first move from India, Nexon Geochem Private Limited fast tracks rare earth minerals processing and production signing a Memorandum of Understanding (MoU) with Giredmet, the State Research and Design Institute of Rare Metal Industry under Russia's Rosatom State Corporation. The company is poised to hit a benchmark production capability of 1200 MTPA by FY 2033. Through this partnership, the Hyderabad-based advanced materials company, Nexon Geochem aims to bridge one of Indi ...

14 Jul 20264MINS
SupplementAL
India is preparing to widen policy support for advanced chemistry cells (ACC) and battery recycling as it seeks to strengthen domestic battery manufacturing and reduce dependence on imported critical minerals. The proposed measures indicate that the government's focus is extending beyond cell production to include recycling, battery components and niche battery technologies, reinforcing both electric mobility and renewable energy storage. Speaking at the 12th India Energy Storage Week (IESW) ...
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