Adani Total Gas Ltd (ATGL) plans to invest ₹12,000 crore in 14 geographical areas (GAs) for which it has won city gas distribution licences in the 11th bidding round, the company said in a statement. With these wins, ATGL now has city gas distribution licences for 52 GAs, including 19 that it operates in a […]
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GAIL starts India’s first-of-its-kind project of blending hydrogen into natural gas system at Indore
Monday said it has commenced India’s first-of-its-kind project of mixing hydrogen into the natural gas system in Indore, Madhya Pradesh. The hydrogen blended natural gas will be supplied to Avantika Gas Ltd, one of GAIL’s joint venture with HPCL, for retailing of CNG to automobiles and piped natural gas to households in Indore, the company […]
Adani Total Gas Ltd to invest Rs 20,000 crore in city gas
Adani Total Gas Ltd (ATGL), the joint venture between Adani Group and TotalEnergies of France, on Monday said it will invest Rs 20,000 crore in setting up city gas infrastructure across the country over the next 8 years, with 60 per cent of the money going into the 14 licences it won recently. With the […]
Ethanol supply expected at over 302 cr litre in 2020-21, against 38 cr litre in 2013-14: Survey
Ethanol supply is expected to be more than 302 crore litre in 2020-21 supply year ended November, from only 38 crore litres in 2013-14, according to Economic Survey. The blending of ethanol with petrol is estimated at 8.1 per cent during 2020-21 ethanol supply year (ESY). Talking about the Ethanol Blended with Petrol (EBP) Programme, […]
MEIL’s Drillmec to set up $200 million oil rig manufacturing hub in Telangana
Drillmec SpA, a subsidiary of the city-based Megha Engineering and Infrastructures Limited (MEIL) group, will be setting up its global manufacturing hub in Telangana with an investment outlay of USD 200 million, a top executive of the Italian company said on Monday. Simone Trevisani, CEO, Drillmec and Jayesh Ranjan, Principal Secretary (Industries), Telangana government signed […]
Experts want Centre to set aside ‘green expenditure’ funds in Budget
Ahead of the upcoming Union Budget, environmental experts on Monday called for budgetary allocation under “green expenditure” to show that India is serious about meeting the enhanced targets announced by Prime Minister Narendra Modi at Conference of the Parties 26 in Glasgow. They also said that India’s climate targets will require an investment of about […]
Economic Survey calls for policy roadmap for pace of shift from fossil-fuel sources to Renewable Energy
The country needs a policy roadmap for clarity about the pace at which it wants to make a shift from conventional fossil-fuel based sources to determine investments in the renewable energy generation sources, the Economy Survey said. “The pace will determine the extent and mix of investment in renewable sources of energy,” the survey tabled […]
SBI, Tata Power tie up for financing solar projects
State Bank of India (SBI) on Monday said it has entered into an agreement with Tata Power Solar Systems for financing of solar projects. The lender has also set up a dedicated centralized processing cell – ‘Surya Shakti Cell’, at the Ballard Estate in Mumbai, a press release said. The cell will process all the […]
Aviation sector has started to rebound, says Economic Survey
The Indian aviation sector has started to rebound with accelerated pace of COVID-19 vaccine roll-out and easing of travel restrictions globally, stated the Economic Survey released on Monday. In 2021, the Centre took various initiatives to boost the aviation sector which included calibrated opening of the domestic sector as the first wave of the pandemic […]
Construction of 21 greenfield airports approved, says President Kovind
The Narendra Modi government has accorded approval for the construction of 21 greenfield airports in the country, President Ram Nath Kovind said on Monday. Among them, the country’s biggest airport is coming up at Gautam Buddha Nagar district in Uttar Pradesh, he said his address to the joint sitting of both Houses of Parliament at […]
Vistara to coexist with Air India, merger talks on hold: Bhaskar Bhat, Tata SIA Airlines
The Tata Group aims to turn Air India around without hurting the operations of Vistara and any talk of an eventual merger of the carriers is premature. “Vistara will continue to focus on good customer experiences and to say anything beyond that will be speculation. “To say anything beyond that will be speculation. Should Air […]
Consistent increase in construction of National Highways/roads since FY14; 13,327 kms constructed in 2020-21: Eco Survey
Terming infrastructure as the backbone for any economy, the Economic Survey on Monday said there has been a consistent increase in the construction of National Highways/roads since 2013-14, with 13,327 kms constructed in 2020-21 as compared to 10,237 kms in 2019-20. The Survey further said the extent and quality of infrastructure determines the ability of […]