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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..