NAGAPATTINAM/CHENNAI: Hundreds of litres of crude oil have leaked into the sea from a ruptured pipeline of the Cauvery Basin Refinery belonging to Chennai Petroleum Corporation Limited (CPCL) in Nagapattinam, officials from the corporation said on Friday.
Category: Oil & Gas
KG-D6 to contribute 30% of India’s gas output: Mukesh Ambani
NEW DELHI: Natural gas produced by Reliance Industries (RIL) at the KG-D6 basin is fuelling India’s clean energy transition and will contribute to nearly 30% of India’s gas production, said Mukesh Ambani, Chairman and MD of the company, on Friday.
IOC to set up green hydrogen plants at all refineries; lines up Rs 2 lakh crore for net zero by 2046
NEW DELHI: India’s top oil firm IOC will set up green hydrogen plants at all its refineries as it pivots a Rs 2-lakh crore green transition plan to achieve net-zero emissions from its operations by 2046, its chairman Shrikant Madhav Vaidya said.
India’s Enron Moment? Adani slips to No.30, group stocks lose Rs 12 lakh crore in 1 month
NEW DELHI: Gautam Adani was the world’s third and Asia’s richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by USD 80 billion and the tycoon slipping to No.30 on the world billionaire index.
RBI, govt bid to calm nerves on Adani stock
MUMBAI: With the Adani group saga still unravelling, the regulators and the Centre on Friday came up with clarifications to calm investors’ frayed nerves. While the Reserve Bank of India sought to allay the concerns about lenders’ exposure to Adani Group saying the banking sector remains resilient and stable, Union finance minister Nirmala Sithraman reiterated […]
Adani Group firms see worst ever fall, AEL plunges 35 per cent
MUMBAI: Shares of four Adani Group firms, including Adani Enterprises and Adani Ports, bounced back on Friday after facing a heavy drubbing in the past six days. The stock of Adani Enterprises rebounded 1.25 per cent to settle at Rs 1,584.20 apiece on the BSE.
Adani says shared origin with PM Modi made him an easy target as shares get pummelled again
MUMBAI: Beleaguered tycoon Gautam Adani denied Friday that his rise to become Asia’s richest man — a title he has lost in a phenomenal stock rout — was due to Prime Minister Narendra Modi, as shares in his conglomerate fell again.
Adani crisis: Banking sector resilient and stable, says RBI
MUMBAI: Amid concerns over banks’ exposure to the crisis-ridden Adani Group, the Reserve Bank on Friday said India’s banking sector is resilient and stable, and the central bank maintains constant vigil on the lenders.
TN likely to play major role in national green hydrogen mission
CHENNAI: The Tamil Nadu government is likely to play a major role in the National Green Hydrogen Mission, which will facilitate the transition of the Indian economy to low-carbon intensity production methods, reduce dependence on fossil fuel imports, and make the country assume technology and market leadership in this sunrise sector, according to state industries […]
Jet fuel price hiked 4 per cent, petrol and diesel rates remain on freeze for record 10th month
NEW DELHI: Jet fuel (ATF) price on Wednesday was hiked by 4 per cent in line with firming international oil prices but petrol and diesel rates remained on freeze for a record 10th month in running.
US corporate scourge deflates the empire of Indian tycoon Adani
NEW YORK: Nathan Anderson sees himself as a scourge of corporate manipulation, but some investors and business leaders see short-sellers like him as engaging in tactics more akin to Wall Street gunslinging for profit.
OMCs to get Rs 30000 crore capital support
NEW DELHI: The oil marketing companies (OMCs) are set to get Rs. 30,000 crore capital from the government to make up their losses. According to the budget documents 2022-23, the government allocated Rs 30,000 crore as capital support to oil companies. For Direct Benefit Transfer for LPG consumers (DBTL), the budget provides Rs 180 crore.