Indian Development News 🇮🇳
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PVC prices rise Rs 13/kg, taking the March hike to Rs 24/kg. Prices now at Rs 101/kg.

Construction, heavily dependent on refined petroleum products will see even more inflation. #Economy
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🇮🇱⚔️🇮🇷 Israeli airstrikes destroyed many of Iran’s remaining F-14 Tomcats along with radar and air defenses at Isfahan’s 8th Tactical Fighter Base.
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🇮🇷 Two Cargo ships were struck while crossing the Hormuz strait, the damage to both of them is severe, with at least one ship having its crew being evacuated
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U.S Central Command (CENTCOM) published footage of them striking Iranian targets.

Shahid Shahih-Class missile corvette, fast missile boats armed with "C-802/Noor" anti ship missiles, a "Fateh" Class submarine, were all hit and written out of service.
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Canada Offers #Oil And LNG To India As Gulf War Threatens Hormuz Supplies

#Geopolitics #Energy
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🇮🇳🤝🇩🇪 Hyderabad-based VEM Technologies and German firm TKMS have signed a strategic ‘Teaming Agreement’ for joint production of torpedoes in India, including technology transfer and the co-development of a #MakeinIndia heavyweight torpedo.

The agreement lays the foundation for a long-term joint venture to supply the Indian market with modern heavyweight torpedoes, strengthening the country’s technological independence and expanding the domestic #defence industry, the companies said in a press release.

https://t.co/Bn8i2hPtLQ
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India’s staple rice just got a scientific upgrade-

> CSIR-NIIST developed Designer Rice
> 3× more protein than normal rice
> low Glycaemic Index (<55)
> better for diabetics
> fortified with Iron, folic Acid & vitamin b12
> made using broken rice, reducing wastage
> Not GMO
> created through food processing technology
> same taste, same cooking style
> tech already transferred to Tata Consumer products for large-scale production

#agriculture #Research
https://x.com/i/status/2031572154962387234
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Saudi 🇸🇦 is pushing for maximum output of 7 Million bpd of Crude #Oil Export through it's Petroline Pipeline. Before the Conflict the Pipeline was transporting 2.8 million mbpd, with just 0.8 mbpd meant for Exports.
Although 2 Million bpd is reserved for Domestic Consumption on the Red Sea Coast.

🇦🇪 ADCOP Pipeline too is pushed to it's 1.8 mbpd to its maximum output. Before the Conflict it used to transport around 1-1.1 mbpd.

🇮🇶 ITP Pipeline which had a Capacity to transport 1.6 mbpd of Crude #Oil has been shutdown completely due to Security threats in Iraqi Kurdistan. It was Iraq only way to bypass Straight of Hormuz and reach the Mediterranean Sea.

#Energy
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🇯🇵 Japan will release 139.5 Million bpd of #Oil from it's 30 days of it's Government owned SPR & 15 days of Private Companies Reserve from 16 March 2026. This is mostly for Domestic Consumption but will help in stabilizing the International Oil Market as well

Japan holds a Massive 254 days of Crude Oil Reserves according to its Daily Consumption of 3.1 mbpd of Crude Oil

#Energy #InternationalNews
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West Asia War

Senior Officers from Ministry of Petroleum & Natural Gas, MEA, I&B Shipping to brief at 5 PM IST.
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LPG Conservation Tip : Let your pressure cooker do more.
It reduces cooking time and helps save a significant amount of LPG. By using separators, you can cook rice, dal and vegetables together, making your kitchen more efficient and energy-smart.

Remember:
Pressure cooking saves fuel and time. Use separators in the pressure cooker to cook different items at the same time.

#Energy
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Indian Development News 🇮🇳
West Asia War Senior Officers from Ministry of Petroleum & Natural Gas, MEA, I&B Shipping to brief at 5 PM IST.
MEA Spox Randhir Jaiswal

Our embassy helping Indian nationals in land crossing to Armenia, Azerbaijan, from Iran.

#ForeignAffairs
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🇪🇺🇺🇸 US along side Russia & China is violating the rules-based global order, and Europe should preserve it, said the head of the European Council, António Costa.

#InternationalNews
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Chemicals and Fertilizers Minister J P Nadda on Tuesday said India's exports of active pharmaceutical ingredients (APIs) stood at around Rs 41,500 crore in the last fiscal, higher than total imports of Rs 39,215 crore.

Replying to a supplementary query during the Question Hour in Rajya Sabha, the minister asserted that the central government has taken several steps in the last 11 years to boost domestic production and reduce imports

#Medicine #aatmarnirbharbharat
https://t.co/y8JttVjHTC
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Indian Officials:

- 28 Indian flagged vessels in Strait of Hormuz

- 24 vessels are west of strait of Hormuz, they have Indian 677 sea fares

-4 vessels are east of the Strait of Hormuz, they have Indian 101 sea farers.
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India is the most hit country in Major Importer Countries of LNG due to the Gulf War.

More than 60% of LNG Supplies coming from Qatar & UAE are completely Blocked.

For reference of other Major Importer

S. Korea : 35%
Thailand: 26.7%
China : 26.5%
Japan : 10.7%

#Energy
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