NEW DELHI: Richest Asian Gautam Adani’s group on Sunday expressed confidence that the Rs 20,000 crore follow-on share sale of its flagship firm will sail through despite a massive hammering of the conglomerate’s stocks following a scathing report by a US-based short seller.
Category: Oil & Gas
Kerala minister to get hydrogen-filling stations to promote green fuel
THIRUVANANTHAPURAM: In a bid to promote green fuels, Union Minister of State for Petroleum, Rameshwar Teli, announced that the ministry would start hydrogen-filling stations in the state. The minister also congratulated the state government for its various initiatives to promote eco-friendly fuels. He was speaking at the Evolve-2023, a conference and expo on e-mobility and […]
Petroleum Minister asks oil companies to reduce petrol-diesel prices
VARANASI: Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday asked Oil Marketing Companies (OMCs) to cut the retail prices of petrol and diesel if the crude oil prices in the international market come down and also if OMCs under recovery come down.
Net oil & gas imports bill in Dec 2022 at USD 11.2 billion
NEW DELHI: The net import bill for oil and gas for the country fell from $18.35 billion in November 2022 to $11.2 billion in December 2022, thanks to decline in average crude oil prices, data from the Petroleum Ministry shows. The net oil and gas import bill in December 2021 was $10.7 billion.
R-LNG to power defunct Ennore thermal station
CHENNAI: After removing assets, materials, and equipment from the decommissioned Ennore Thermal Power Station, Tangedco will build gas-fired power projects. “As part of the zero carbon initiative, Tangedco has planned to execute re-gasified liquefied natural gas (R-LNG) power projects of smaller capacity, ranging from 18 to 20 MW, totalling 2,000 MW,” an official told TNIE.
Karnataka: CNG power for govt offices in Bengaluru on cards
BENGALURU: Karnataka Compost Development Corporation (KCDC) is mulling supplying alternate fuel and power to all government offices in Bengaluru from its proposed Compressed Natural Gas (CNG) units at the plants in Kudlu and Chikkanagamangala and other places.
Auto LPG can play a role in India’s fuel mix, energy security
NEW DELHI: With natural gas prices surging globally and supply chain concerns plaguing the EV rollout pace, Auto LPG can play a role in India’s transition to a low carbon economy and fit in the fuel mix, industry body IAC said Wednesday.
Mukesh Ambani completes 20 years at helm of Reliance; his journey in numbers
NEW DELHI: Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate.
2022 turns out to be good year for EVs as sales grew three-fold
NEW DELHI: Calendar year 2022 turns out to be a significant year for electric vehicles (EVs) despite the industry witnessing a series of fire incidents at the beginning of the summer season. From SUVs to scooters, the sector was flooded with new launches and on the back of surging demand; the market for EVs grew […]
Ambani sets targets for kids in succession plan
NEW DELHI: Billionaire Mukesh Ambani has set targets for his three kids whom he has identified for takeover of telecom, retail and new energy business.
Residents breathe easy as gas leak plugged in time in Chennai
In July, residents of densely populated areas like Tiruvottiyur and Manali reported a strong LPG-like odour, which caused alarm. The suspect was a nearby government-owned petroleum corporation.
Give loans at lower rates to those wanting to buy clean energy vehicles: Gadkari to banks
THANE: Union Minister Nitin Gadkari on Friday asked banks to give loans at reduced interest rates to those seeking to buy vehicles that run on clean energy, including flex fuel, electricity and hydrogen.