Union minister Nitin Gadkari Wednesday said the ongoing project to develop Buddhist circuit in the country will be completed by 2020. He said the project, which will connect the places of importance of Buddha’s life, is being carried out at a cost of Rs 100 billion. “A huge number of devotees of Gautam Buddha from […]
Day: October 17, 2018
French energy giant Total SA inks pact with Gautam Adani group; to invest in fuel retailing, LNG
French energy giant Total SA is all set to mark its foray in India’s fast-growing gas market with its partnership with Gautam Adani-controlled Adani Group. Total, the world’s second-largest liquefied natural gas (LNG) private player, has signed an agreement with Adani Enterprises to invest in downstream sector in India, which would include its entry into […]
H-Energy to delay start of LNG terminal until 2019 after rains affect ops
India’s H-Energy on Wednesday said it expected to delay the start-up of a liquefied natural gas (LNG) terminal in the west of the country until the first quarter of next year. The terminal had been slated to start full commercial operations by the final quarter of 2018, but that was likely to be pushed back […]
Indian Oil Corp to invest Rs 8 bn in a greenfield ethanol plant in UP
Public sector oil marketing behemoth Indian Oil Corporation (IOC) will invest close to Rs 8 billion in a greenfield ethanol plant in Gorakhpur district of Uttar Pradesh. Interestingly, Gorakhpur is the pocket borough of chief minister Yogi Adityanath. The state cabinet yesterday approved the proposal to give 50 acres of the defunct Dhuriapar cooperative mill […]
Spike in operational costs, fierce competition make Air India turnaround path more difficult: Pradeep Singh Kharola
Air India’s turnaround efforts have become more difficult with overall increase in operational expenditure and fierce competition, its chief Pradeep Singh Kharolasaid as he emphasised the need to generate revenues in every possible manner to “stay afloat”. The government is also working on ways to bolster the national carrier, which is financially stressed and is […]
US threat in mind, OPEC urges members not to mention oil price in meetings
OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of US legal action for manipulating the market, sources close to OPEC said. Proposed US legislation known as “NOPEC”, which could open the group up to […]