Risk Wire › 27 Sep 2026
Daily brief
Risk Wire — 27 September 2026
India invoked emergency powers to force captive coal plants to run flat out as power demand surged, while its ethanol industry was left with seven billion litres of capacity and nowhere to sell it.
Oil / Products
Sourced from The Economic Times’ Today’s Paper.
India’s ethanol makers are hunting for buyers for nearly 7 billion litres of surplus capacity, with installed capacity near 20 billion litres against about 11 billion needed for E20 blending. — The Economic Times
Risk lens: Neutral (Indian gasoline balances) — blending is capped at E20 until policy moves. The glut sits with distillers, not with fuel supply.
Gas & Power
Sourced from The Economic Times’ Today’s Paper.
India invoked Section 11 of the Electricity Act for the first time on captive coal plants, ordering more than 100 units above 50 MW to run at maximum capacity next quarter, with September demand up over 14% and day-ahead exchange prices hitting Rs 20 a unit. — The Economic Times
Risk lens: Bearish (IEX non-solar-hour prices) — surplus captive output must be offered on the exchanges. More liquidity should cap evening price spikes.
Headlines are summarised in our own words for comment and analysis, with attribution and a link to the original publisher. Indicative only — not investment advice.