Reliance Industries is ramping LPG output by more than 100% after Middle East conflict disrupted key import routes, worsening India’s fuel shortage. The shift is reshaping refinery operations at Jamnagar, where the alkylation plant is running at minimal capacity and exports may take a hit. While tighter global markets could lift margins, investors watch for earnings pressure and risks from ongoing instability.
As India’s heatwave deepens beyond June, power grids are taking a hit from soaring electricity demand and tightening supply. Higher temperatures strain networks even as energy deficits worsen amid global disruptions, raising the likelihood of rolling blackouts. Millions may be forced to cope with outages while facing relentless heat and an already stressed power system.
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