US Becomes India's 5th Largest Oil Supplier in January, Russia Leads

20 Feb 2025 CW Team

India significantly increased its oil imports from the United States in January, making the U.S. the fifth-largest supplier to New Delhi. Data from trade sources indicate that India imported 218,400 barrels per day (bpd) from the US, a sharp rise from 70,600 bpd in December.

As the world’s third-largest oil importer and consumer, India is expanding its energy trade with the U.S., aiming to increase purchases to $25 billion from $15 billion in the previous year. Meanwhile, imports from Russia, India’s top oil supplier, rose by 4.3 per cent last month to 1.58 million bpd.

However, Russian oil imports are expected to decline in the coming months as Indian refiners adjust to new restrictions. Purchases will be limited to supplies from companies and shipping firms that remain unaffected by US sanctions. The widening of sanctions on Moscow by Western nations has disrupted global oil trade, pushing buyers of discounted Russian crude to seek alternative procurement strategies.

India’s crude imports from the Middle East also rose by 6.5 per cent in January, reaching 2.7 million bpd. Iraq maintained its position as India's second-largest oil supplier, followed by Saudi Arabia and the United Arab Emirates. In response to anticipated U.S. sanctions, Indian refiners increased purchases from non-Russian sources ahead of the official announcement.

The share of Middle Eastern crude in India’s total oil imports, which stood at approximately 5.1 million bpd in January, surged to a 27-month high of 53 per cent. Meanwhile, Russia’s share remained largely unchanged from December.

News source: CNBC TV18

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..