India plans to set up 30,000 megawatts (MW) of offshore wind power capacity alongside 50,000 MW of solar capacity

Urals has been trading at record-lows in recent weeks, with some deals being done at discount of almost $40/b to the Platts Dated Brent crude oil benchmark.

Currently, India operates 22 reactors with a total capacity of 6780MWe.

The renewable capacity (excluding large hydro) in India reached 100 GW in August 2021, i.e. just over half of the 2022 target (175 GW).

Sources said that India bought 5,500 kcal/kg NAR coal from Russia at $160-$165/mt CFR India for an April-loading Capesize ship in the week ended April 16, adding that the freight between Russia and West coast India was at around $35-$36/mt.

Natural uranium required for India's pressurised heavy water reactors operating under International Atomic Energy Agency safeguards was imported from Kazakhstan, Canada, Russia and France

Our relations are a strategic partnership, even a specially privileged strategic partnership, as our Indian friends called it some time ago.

We imported from Russia just 0.419 million mt in the April-December period of the current fiscal year 2021-22 (April-March). That is just 0.2% of the total requirement.

Oil imports by Asia's third-largest economy rose 5% from January and were up 24% from a low base in February 2021, when a refinery at Bathinda in northern India was fully shut for maintenance, data showed.

"Russia's oil and petroleum product exports to India have approached $1 billion, and there are clear opportunities to increase this figure," said Russia's Deputy Prime Minister Alexander Novak, according to a statement shared by Russia's embassy in India late on Friday.