Reliance, affiliates buy 3/4 of KG-D6 gas volumes

Billionaire Mukesh Ambani’s Reliance Industries Ltd and its affiliates have picked up more than three-fourths of the new gas volumes from the firm’s eastern offshore KG-D6 block which at current government dictated price will cost it less than half of the imported rate, sources said. Reliance and its partner UK’s BP Plc last week auctioned […]

Experts say cyberattack on US pipeline is a wake-up call

The shutdown of a vital U.S. pipeline because of a ransomware attack stretched into a third day Sunday, with the Biden administration saying an “all-hands-on-deck” effort is underway to restore operations and avoid disruptions in gasoline supply. Experts said that gas prices are unlikely to be affected if normal operations resume in the next few […]

AP housing scheme to use energy-saver tech

The innovative ‘Indo-Swiss energy efficient building technology’ would be used in Andhra Pradesh’s housing scheme – Pedalandariki Illu (housing for all the poor). Under the initiative, 30 lakh affordable houses would constructed in the state. According to state officials, the Indo-Swiss EE technology would reduce the temperature by about two degrees inside houses and save […]

Amara Raja Batteries restarts production at Andhra plants after HC nod

Amara Raja Batteries (ARBL) has kick-started production at its manufacturing facilities located at Andhra Pradesh immediately after receiving High Court orders that suspended the Andhra Pradesh Pollution Control Board (APPCB) orders to close its plants. Global asset management firm Brookfield-backed ARBL was under investors’ focus last week after APPCB ordered the company to shut its […]

Coal India to continue with fuel supply to power plants under import substitution in current fiscal

State-owned CIL will continue with the supply of coal to the power plants under import substitution in the ongoing fiscal. The development assumes significance in the wake of the PSU earlier stating its drive for coal import substitution has gained tempo with consumers opting for about 90 million tonnes (MT) of indigenous coal in FY’21. […]

FuelBuddy acquires MyPetrolPump in an all-cash and stock deal

MUMBAI: Delhi-based fuel delivery startup FuelBuddy has acquired Bangalore based on-demand fuel delivery startup MyPetrolPump, a venture owned by ANB Fuels Pvt. Ltd., for a cash and stock consideration. FuelBuddy is an app-based tech-enabled platform that provides doorstep fuel delivery along with value-added services. On the other hand, MyPetrolPump is a first-of-its-kind on-demand fuel delivery […]