Russia Offers Oil Diversion To India Amid Hormuz Crisis

09 Mar 2026 CW Team

Russia has offered to divert shipments of crude oil to India to offset supply disruptions linked to the Strait of Hormuz crisis, with nine point five million (mn) barrels of Russian crude reported in vessels near Indian waters and able to arrive within weeks. An industry source said cargoes on non-Russian ships could be redirected to give refiners rapid relief without disclosing original destinations.

India is exposed to supply shocks because crude stocks cover about 25 days of demand, with refiners holding similarly limited inventories of gasoil, petrol and liquefied petroleum gas. Around 40 per cent of India’s crude imports transit the Strait of Hormuz, and near closure of the route has compelled the country to seek alternative supplies. Indian refiners process about five point six mn barrels per day, limiting the time available to reroute feedstocks.

The industry source said Russia was prepared to meet up to 40 per cent of India’s crude needs if required, while Indian purchases of Russian crude fell to about one point one mn barrels per day in January before rising back to roughly 30 per cent of imports in February. Any material increase in shipments from Moscow was indicated to depend on government guidance as trade talks with the United States continue and as India seeks to balance geopolitical pressures. New Delhi has reiterated that its strategy is to diversify supplies in line with market conditions and evolving international dynamics.

Russia was also reported to be ready to sell liquefied natural gas after a major supplier curtailed output, and Indian companies have reduced gas supplies to some industrial customers to manage shortfalls. Both China and India obtain about half of their crude from the Middle East, but India has less storage and is therefore more exposed to regional disruption. The situation has prompted authorities and firms to explore a range of logistics and procurement options to maintain refinery runs and fuel supplies.

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..