Adani Group today said it would invest Rs 7.5 billion to double the capacity of the company’s edible oil refinery at Haldia in West Bengal. Announcing this at the second and last day of the Bengal Global Business Summit (BGBS) here, Pranav Adani of the Adani Group expressed interest to invest in port, agri and […]
Day: January 17, 2018
Huge opportunity to export LNG to India, China: IEA chief
There is a huge opportunity for the US to export LNG to India and China in the next five years as they push to replace coal, the head of the International Energy Agency has said as he highlighted the growing importance of the two nations in the energy market. Fatih Birol, executive director for the […]
Government to auction 55 blocks for oil and gas exploration on Thursday
India will tomorrow put on auction 55 exploration blocks in the first bid round in eight years that will offer a record area for prospecting of oil and gas, the head of country’s upstream regulator said. This will be the first auction under the new Hydrocarbon Exploration and Licensing Policy (HELP) that allows companies to […]
Global power demand: Bitcoin mining consumes more electricity than Ireland
There’s a growing debate over how much power will be sucked up by the world’s growing ranks of cryptocurrency miners. Last week, Morgan Stanley analysts said miners of Bitcoin could use as much as 140 terawatt-hours of electricity in 2018. That’s nearly 1 per cent of global demand and enough to seize the limelight from […]
Have fulfilled land compensation commitment for plant: NTPC
State-run NTPC Ltd said today that it has fulfilled all its commitments for the acquisition of land for its 1,600 MW Gadarwara power project. The public sector power utility said it will continue to work towards the local area development and betterment of the affected people even after the project goes on stream. “We have […]
BHEL bags Rs 2800 crore contract
Bharat Heavy Electricals Ltd (BHEL) said it has won a Rs 2,800 crore contract from Maharashtra State Power Generation Company (Mahagenco) for setting up a 660 mw coal-based thermal power project. The project will be set up as an expansion project (Unit 6) of Mahagenco’s Bhusawal Thermal Power Station in Jalgaon district of Maharashtra, an […]