India's Crude Oil Production Falls, Processing and Imports Rise in May-24

27 Jun 2024 CW Team

India's indigenous crude oil and condensate production fell by 1.1 percent in May 2024, amounting to 2.5 million metric tonnes (MMT), as reported by the Petroleum Planning and Analysis Cell (PPAC). Oil India (OIL) contributed 0.3 MMT, the Oil and Natural Gas Corporation (ONGC) produced 1.6 MMT, and Production Sharing Contracts/Revenue Sharing Contracts (PSC/RSC) provided 0.6 MMT.

Meanwhile, the total crude oil processed during the same month increased by 1.3 percent compared to May 2023, reaching 23.0 MMT. This processing capacity included 15.7 MMT by Public Sector Units (PSU) and Joint Venture (JV) refiners, and 7.3 MMT by private refiners. The data indicated that the processed crude comprised 2.3 MMT of indigenous and 20.7 MMT of imported crude oil.

Additionally, petroleum product production experienced a slight increase of 0.5 percent in May 2024, totaling 24.0 MMT. This growth was mainly due to refinery outputs of 23.7 MMT and a fractionator contribution of 0.3 MMT. Notably, petroleum product production saw a 2.2 percent increase during the April-May FY 2024-25 period compared to the same period in the previous fiscal year. The production breakdown included significant shares of High-Speed Diesel (HSD) at 41.6 percent and Motor Spirit (MS) at 17.2 percent.

International trade figures revealed a 5.7 percent rise in crude oil imports in May 2024, with a 6.0 percent increase during the April-May FY 2024-25 period. However, imports of Petroleum Oil and Lubricants (POL) products decreased by 8.2 percent in May 2024 but increased by 7.1 percent during the April-May period, driven by higher imports of LPG and petcoke. Exports of POL products declined by 0.9 percent in May 2024 but rose by 3.6 percent in the April-May FY 2024-25, bolstered by higher exports of aviation turbine fuel (ATF) and fuel oil.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..