Introduction Petroleum refineries are industrial facilities where crude oil is processed into useful products such as gasoline, diesel, kerosene, jet fuel, lubricants, and petrochemical feedstocks. While one might logically assume that refineries are located close to crude oil producing areas to minimize transportation costs, in many developing countries, refineries are often situated far from oil…
Introduction India, one of the fastest-growing economies in the world, faces an increasing demand for energy. The country’s energy sector has traditionally been dominated by fossil fuels, but the shift towards renewable energy has gained momentum in recent years. With abundant natural resources such as sunlight, wind, and hydropower, India has significant potential to transition…
India has long been a country with vast solar energy potential, given its abundant sunlight exposure throughout the year. Over the last decade, solar energy has gained substantial traction in India as a means to address the country’s growing energy demand, reduce greenhouse gas emissions, and promote sustainable development. In this context, examining the financial…