Petroleum Minister discusses global oil market volatility

23 Apr 2024 CW Team

In a recent meeting between Hardeep Puri, India's Minister of Petroleum and Natural Gas, and the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), discussions centred around the volatile nature of the global oil markets. Puri engaged in talks aiming to address the challenges posed by fluctuating oil prices, which significantly impact both producers and consumers worldwide. The meeting underscores the importance of international cooperation in stabilising the oil market and ensuring energy security for nations reliant on petroleum resources. Puri's dialogue with OPEC reflects India's proactive approach to managing the effects of oil market volatility on its economy and energy sector. As one of the world's largest oil importers, India plays a pivotal role in shaping discussions surrounding oil production, pricing, and distribution. Puri's engagement with OPEC highlights the significance of collaboration between major oil-producing countries and major consumers to mitigate the adverse effects of market instability. This strategic interaction between India and OPEC underscores the shared interest in fostering stability and predictability in the global oil market, ultimately benefiting both producers and consumers. Amidst evolving geopolitical dynamics and economic uncertainties, such dialogues serve as vital platforms for fostering cooperation and addressing challenges that transcend national boundaries. Puri's efforts reflect India's commitment to actively engage with key stakeholders in the energy sector to promote transparency, sustainability, and resilience in the face of evolving market dynamics.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..