NEW DELHI: Indian pump prices are in unchartered territory as ever-increasing government levies coincide with crude’s recovery from the depths of the Covid-19 pandemic. Fuel costs have been ratcheted up to current levels by the combined effects of rising benchmark Brent prices and numerous tax hikes over the past few years. The record-high gasoline and […]
Day: June 30, 2021
Oil prices ‘very challenging’, need them to sober a bit: India to Opec
NEW DELHI: Ahead of a meeting of oil producers’ cartel Opec, India on Tuesday said the current oil prices are “very challenging” and rates need to be a “little bit sober” lest they impact a consumption-led recovery of the global economy. Oil minister Dharmendra Pradhan, who last week again urged OPEC to phase out its […]
Reliance signs pact to invest in Abu Dhabi petrochemical hub
NEW DELHI: Reliance Industries has signed a pact to invest an undisclosed amount in a petrochemicals hub in Abu Dhabi. A company statement said the oil-to-telecom conglomerate will join Abu Dhabi National Oil Co’s Ruwais project. “Abu Dhabi National Oil Company (ADNOC) today announced that Reliance has signed an agreement to join a new world-scale […]
RIL, ADNOC tie up for plant in UAE
MUMBAI: Reliance Industries (RIL) along with Abu Dhabi National Oil Company (ADNOC) will build a petrochemicals plant in UAE’s largest emirate, the Indian company said on Tuesday. This will be RIL’s first investment in a greenfield petchem project outside of India. In 2012, it had acquired BP’s petchem plant in Malaysia for $230 million. The […]
RIL ties up with ADNOC for petchem plant in UAE
Mumbai: Reliance Industries (RIL) along with Abu Dhabi National Oil Company (ADNOC) will build a petrochemicals plant in UAE’s largest emirate, the Indian company said on Tuesday. This will be RIL’s first investment in a greenfield petchem project abroad. In 2012, it had bought BP’s petchem plant in Malaysia for $230 million. The petchem plant […]
A centre for ‘just energy transition’ launched, 20 million workers in 120 districts may need support
NEW DELHI: As India is gradually moving towards renewable sources to meet its energy demand, experts on Tuesday released a roadmap for ‘just transition’ so that the focus on renewable energy doesn’t impact livelihood of those engaged in fossil fuel-based industries in as many as 120 districts across the country. The roadmap, jointly released by […]
Where will power consumers go for electricity disputes, asks SC
NEW DELHI: The SC on Tuesday noticed the absence of a judicial forum under the Electricity Act for adjudication of disputes relating to supply, billing and penalties levied by distribution companies which is creating a serious problem for the rural population after electrification of nearly 6 lakh villages and addition of millions of new electricity […]
Kudankulam Nuclear Power Project: Construction begins for units 5 and 6
TIRUNELVELI: Construction of the 2,000 megawatt (2 X 1000) units 5 and 6 at Kudankulam Nuclear Power Project (KKNPP) commenced with the ‘first pour of concrete’ on Tuesday. The project, to be completed at an outlay of Rs 49,621, was launched by chairman of the Atomic Energy Commission and secretary of the Department of Atomic […]
IndiGo’s ground support equipment automation reduces carbon emissions by 5%
PUNE: In-line with its vision to enhance efficiency and sustainability, IndiGo has productively utilized the last year to introduce automated solutions for ground support equipment, the airline officials said. The project led by Sanjeev Ramdas, executive vice president customer service, has reduced emissions from ground support operations by 1246 tonnes, which would amount to about […]
Wives of Air India pilots who died of Covid form forum to seek adequate compensation & alternate job
NEW DELHI: The wives of Air India (AI) pilots who lost their lives after contracting the Covid virus in line of duty have formed a joint forum to seek adequate compensation and alternative employment for themselves. The “Widows Forum for Justice” has written to AI management, expressing anguish that they are eligible for Rs 10 […]
Devas tries to seize foreign assets of Air India
NEW DELHI: Devas Multimedia, a Bengaluru-based company seeking over $1.2 billion it won in international arbitration from the government, has joined Cairn Energy in seeking to seize Air India’s assets abroad. Calling the flagship airline an “alter ego” of the Indian state and therefore liable for the sovereign’s debts, Devas filed a petition in New […]
‘NTPC may launch IPO for RE unit’
CHENNAI: State-run power producer NTPC Ltd. is considering an initial public offering (IPO) of its newest subsidiary NTPC Renewable Energy Ltd. in an effort to raise capital that will fund its ambitious clean energy targets. The company has set itself a goal of achieving 60 GW of installed renewable energy capacity by 2032. Speaking about […]