NEW DELHI : New Delhi: As part of India’ strategy to be ready for any possibility of a third wave of coronavirus pandemic, Pressure Swing Adsorption (PSA) medical oxygen generation plants are being set up across the country, steel and petroleum and natural gas minister Dharmendra Pradhan said on Sunday. State-owned oil and gas companies […]
Category: Live Mint
Live Mint
BPCL’s Bina refinery sets up 200- bed covid hospital; to set up oxygen bottling and refilling plant
Mumbai: State-run Bharat Petroleum Corporation Ltd’s wholly-owned subsidiary, Bharat Oman Refineries Limited (BORL) has set up a 200-bed covid care hospital in Bina, Madhya Pradesh, the company said today. The company will also set up an oxygen bottling and refilling plant adjacent to the refinery. The plant will have the capacity to bottle about 25 […]
Petronet to invest ₹187 bn in next five years, set up 1,000 LNG stations
MUMBAI: India’s top gas importer Petronet LNG will invest ₹187 billion over five years to expand infrastructure as well as business, said a senior official from the company. The company has planned a ₹67 billion budget to expand its 17.5-million-tonne per annum (mtpa) Dahej terminal on the West coast to 22.5 mtpa, building a new […]
Electric 2-wheeler makers hail FAME II subsidy hike as ‘game changer’
Electric two-wheeler makers on Saturday termed as “a phenomenal move” by the government to increase subsidy for such vehicles by 50 per cent under the FAME II scheme saying it would be a game changer in the adoption of eco-friendly vehicles. The government had on Friday made a partial modification of the scheme for Faster […]
Why Anil Ambani’s ADAG group stocks are rising — explained
Anil Ambani companies listed at stock market scaled more than 5 per cent on Friday hitting upper circuit as well. The Anil Dhirubhai Ambani Group or ADAG group share Reliance Infra hit its 52-week high on 11th June and gave more than 15 per cent profit to its share holders last week. Similarly, Reliance Naval […]
Bitcoin jumps after Elon Musk says Tesla may use the crypto in future
Bitcoin jumped above $39,000 after Elon Musk said Tesla Inc. would resume transactions with the cryptocurrency when mining is done with more clean energy. The electric-car maker will allow Bitcoin transactions again “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend,” Musk, Tesla’s chief executive officer, said in a […]
Discoms’ outstanding dues to gencos fall 11.2% to ₹81,628 cr in April
New Delhi, Jun 13 (PTI) Total outstanding dues owed by electricity distribution utilities or discoms to power producers fell 11.2 per cent to ₹81,628 crore in April 2021 from a year ago. Distribution companies (discoms) owed a total ₹91,915 crore to power generation firms in April 2020, according to portal PRAAPTI (Payment Ratification And Analysis […]
9GW green contracts to be auctioned
In one of the largest tranches of Indian clean energy contracts on offer, developers are eyeing projects of at least 9 gigawatts (GW) that will be bid out over the next three weeks, said two people aware of the development. These contracts that require an investment of over $4 billion are being offered after a […]
NTPC invites EoIs for hydrogen pilots
In a push for India’s green hydrogen efforts, state-run NTPC Ltd has floated a global expression of interest (EOI) for setting up two pilot projects; standalone fuel-cell based backup power system and a microgrid system, with hydrogen production using electrolyser. These projects will be set up at NTPC’s premises. Mint earlier reported about the state-run […]
GoAir to complete inoculating covid-19 first dose to employees by June-end
NEW DELHI : GoAir, recently rebranded as Go First, will complete inoculating the first dose of covid-19 vaccine to its workforce by June-end, the Wadia Group-controlled carrier said in a statement. The airline, which rolled out its vaccination program in May, have completed the first covid-19 jabs for 2,506 employees. 33 of the airline’s employees […]
Airline industry sees long-term rebound for sector
After flying into the financial turbulence of the Covid pandemic, the airline sector expects passenger traffic to take off despite concerns about the industry’s impact on climate change. In its latest look at trends for the sector, the International Air Transport Association (IATA) said it doesn’t expect world air traffic to resume to its pre-pandemic […]
India says it will study Biden’s infrastructure plan that rivals China’s BRI
New Delhi: India has said that it will study the US President Joe Biden’s ‘Build Back Better’ global infrastructure initiative proposal announced at the G7 summit as an alternative to China’s Belt and Road (BRI). This plan, which is proposed to be led by major democracies, will provide financial and technological help to narrow the […]