A recent agreement has been signed between Nepal, India, and Bangladesh, allowing for the creation of a cross-border electricity trade. This alliance is expected to significantly benefit India's leading oil companies, IOC and Reliance, as well as other major players in the energy industry, such as IREDA, SJVN, and GMR. This development comes amidst the Indian government's decision to scrap a Rs 30,000 crore oil company support, as well as reports of a minor oil leak that has been contained by ONGC. In light of these events, the IOC plans to raise its refining capacity by 25% to meet India's growing oil demand, while GE Power India wins a lucrative Rs 240 crore project in Nepal.