MEDIA UPDATE (AUGUST 09, 2022)

Sarkaritel
By Sarkaritel August 9, 2022 07:01


09-Aug-2022

Power

” New Delhi : Union Minister of Power, New & Renewable Energy, R.K. Singh released the “10th Integrated Rating & Ranking of Power Distribution Utilities”. Since 2012, Integrated Rating Exercise is being carried out under the framework approved by the Ministry of Power annually with the aim of evaluating performance of utilities on a range of parameters covering financial sustainability, performance excellence and external environment and their ability to sustain improvements year over year.” : Sarkaritel.com

POWERGRID posts Total Income of ₹11,169 cr, PAT of ₹ 3,801 cr for Q1FY23

New Delhi : Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI, has announced on consolidated basis, total income of ₹11,169 crore for Q1FY23, which is 7% higher compared to ₹10,392 crore in the Q1 of the previous year. : Sarkaritel.com

NTPC seeks shareholders’ nod to raise up to Rs 12,000 cr via bonds

New Delhi : NTPC will seek shareholders’ approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures in annual general meeting on August 30. : Economic Times

Power Grid Corporation net profit falls 36 per cent to Rs 3,801 crore in April-June

New Delhi : State-owned Power Grid Corporation of India (PGCIL) on Monday said its consolidated net profit dipped over 36 per cent to Rs 3,801.19 crore in the April-June quarter of FY23. : Economic Times

PowerGrid Q1 consolidated net profit declines 37% to Rs 3,801 crore

New Delhi : Power Grid Corporation of India registered a 36.63 per cent decline in consolidated net profit to Rs 3,801.19 crore for the quarter ending June 30, 2022 (Q1FY23) period compared to a profit of ₹5,998.28 crore in the same quarter last year, according to reports. : Business Standard

Power Grid records 37% drop in Q1 PAT to ₹3,801 cr, revenue jumps 7%

New Delhi : State-owned Power Grid registers a 36.63% decline in consolidated net profit to ₹3,801.19 crore for the quarter ending June 30, 2022 (Q1FY23) period compared to a profit of ₹5,998.28 crore in the same quarter last year. : Mint

NTPC Farakka participates in 9th Indian National Exhibition cum Fair

New Delhi : As part of Azadi ka Amrit Mahotsav, NTPC Farakka is participating in the 9th Indian National Exhibition cum Fair from 4th to 8th August 2022, organized by Bengal Human Resource Development Foundation at Kolkata. : psuconnect.in

China’s July coal imports surge 24 per cent to meet peak power load

New Delhi : China’s coal imports in July rose by nearly a quarter from June to near the highest levels so far this year as power generators increased purchases to provide for peak summer electricity demand. : Economic Times

DBT helps state save 33 MU power in agri sector

New Delhi : The direct benefit transfer (DBT) scheme for the agricultural electricity connections was launched in Srikakulam district on a pilot basis about a year ago. The 26,083 agricultural connections consumed about 101 million units of electricity in the 2020-21 financial year. : Economic Times

MP govt aims to generate extra 20,000 MW of green power by 2030 through renewable energy sources

Bhopal : Madhya Pradesh has set an ambitious target of generating an additional 20,000 Megawatt (MW) of green power by 2030 through renewable energy sources, including setting up of a solar plant in the Chambal region once notorious for dacoits, and supplying it to other states. : Economic Times

BEST to bring green power to island city with 700MW solar energy

Mumbai : There will be more green power for the island city. The BEST this week announced that it will procure 700MW of solar power to cater to areas between Colaba/Cuffe Parade and Sion/Mahim, and also to power its electric buses in the near future. : Economic Times

Wind farms set record for power production

Coimbatore : The strong surface winds in the Tamil month of Aadi came as a blessing for the Tamil Nadu generation and distribution corporation (Tangedco), which tapped 119 million units from wind farms in 24 hours for the first time. : Economic Times

Actis to buy 400MW solar assets from Atha Group for ₹2,100 cr

New Delhi : Actis Llp has won the bid to acquire Kolkata-based Atha Group’s 400 megawatt (MW) solar power assets for an equity value of around $100 million, and the sale purchase agreement has also been signed, said two people in the know, requesting anonymity. : Mint

In the works—PLI scheme for offshore wind turbines

New Delhi : The Union government plans to introduce a production-linked incentive (PLI) scheme to promote the manufacturing of offshore wind turbines, two officials aware of the matter said. : Mint

Electricity amendment bill to be sent to standing committee

New Delhi : The government today introduced the Electricity (Amendment) Bill, 2022 in the Lok Sabha amid protests by opposition parties. : Mint

Madhya Pradesh Hopes To Be Major Energy Exporter Using Green Power

New Delhi : Madhya Pradesh Hopes To Be Major Energy Exporter Using Green Power. : saurenergy.com

Surat Municipal Corporation Issues Grid Connected Solar Tenders of 2 MW Each

New Delhi : Surat Municipal Corporation Issues Grid Connected Solar Tenders of 2 MW Each. : saurenergy.com

NTPC Looks for Nuclear Power Addition; Bullish on Renewable Energy

New Delhi : NTPC Looks for Nuclear Power Addition; Bullish on Renewable Energy. : saurenergy.com

$26M Investment In RE Grid Demonstration Projects By Biden Administration

New Delhi : $26M Investment In RE Grid Demonstration Projects By Biden Administration. : saurenergy.com

GameChange Solar Announces Tracker Factory, Increases USA Capacity

New Delhi : GameChange Solar Announces Tracker Factory, Increases USA Capacity. : saurenergy.com

World’s First Subsidy-Free Offshore Wind Farm In Netherlands Produces First Power

New Delhi : World’s First Subsidy-Free Offshore Wind Farm In Netherlands Produces First Power. : saurenergy.com

Daily News Wrap-Up: NTPC Commissions 48.8 MW Solar Project in Rajasthan

New Delhi : Daily News Wrap-Up: NTPC Commissions 48.8 MW Solar Project in Rajasthan. : mercomindia.com

Sembcorp Profit from Renewables Increases by 217% in 1H 2022

New Delhi : Sembcorp Profit from Renewables Increases by 217% in 1H 2022. : mercomindia.com

EPC Tender Floated for 220 MW of Solar Projects in Gujarat

New Delhi : EPC Tender Floated for 220 MW of Solar Projects in Gujarat. : mercomindia.com

MNRE Proposes Group and Virtual Net Metering for Rooftop Solar in Rural Areas

New Delhi : MNRE Proposes Group and Virtual Net Metering for Rooftop Solar in Rural Areas. : mercomindia.com

Empanelment Tender Issued to Set Up Floating Solar Projects Across Kerala

New Delhi : Empanelment Tender Issued to Set Up Floating Solar Projects Across Kerala. : mercomindia.com

Navitas Solar plans to expand to 3-GW module manufacturing capacity by 2025

New Delhi : The Surat-based solar module manufacturer, Navitas Solar, has clocked over Rs 162-crore revenue in FY22 and recently announced its plan to reach Rs 250-crore revenue in FY23. : Economic Times

Torrent Power appoints Varun Mehta as Whole Time Director

New Delhi : Varun Mehta, a third generation member of the founding family of the diversified Torrent Group, has been appointed as a director on the board of Torrent Power. : Economic Times

Electricity Amendment Bill: Things you should know

New Delhi : Legislative changes are proposed to end distribution monopolies to give consumers a choice and improve the viability of the business. in power suppliers. The Electricity (Amendment) Bill 2022 which has been introduced in the Lok Sabha today, proposes radical changes in the power distribution area. : Economic Times

Electricity amendment bill will increase people’s suffering, benefit few companies: Delhi CM

New Delhi : Delhi Chief Minister Arvind Kejriwal on Monday termed the proposed amendments to the Electricity Act as “dangerous” and urged the Centre to not go ahead with it in haste, claiming that it will only benefit a few power distribution companies. : Economic Times

Rooftop solar projects to come up at 7 medical colleges, 32 DHH buildings

Bhubaneswar : Rooftop solar projects will come up at seven medical colleges and 32 district headquarters hospitals (DHHs) across the state. It will be installed on the rooftops of health institutions and hospitals under the renewable energy service company (RESCO) programme of the Odisha Renewable Energy Development Agency (OREDA). : Economic Times

Electricity amendment bill attack on constitutional rights of states, says Punjab CM Mann

Chandigarh : Punjab Chief Minister Bhagwant Mann on Monday said the Centre introducing the Electricity (Amendment) Bill 2022 in Parliament was an attack on the constitutional rights of the states. He accused the Union government of “weakening” the foundations of the federal structure through “such nefarious designs”. : Economic Times

Electricity Amendment Bill introduced in LS, referred to Standing Committee

New Delhi : The government introduced the Electricity Amendment Bill 2021 in the Lok Sabha on Monday amid stiff opposition and has been referred to the Parliamentary Standing Committee on Energy for wider consultations. : Economic Times

City airport switching to green energy to cut carbon emissions

Jaipur : With the aim of reducing carbon emissions, the Jaipur International Airport i s switching to green energy sources. : Economic Times

India should set up small modular reactors to meet energy demands: Niti member V K Saraswat

New Delhi : Niti Aayog member and scientist V K Saraswat on Sunday suggested that the government should focus on setting up small modular reactors as it would help meet the country’s energy needs and also in replacing aging thermal power plants. : Economic Times

Hybrid plant supplies green power to Mumbai

Mumbai : Tata Power Green Energy’s 225MW hybrid power project in Rajasthan has begun supplying green power to Mumbai from Wednesday. : Economic Times

MP, Rajasthan and Karnataka among top states to provide power subsidy

New Delhi : The state of Madhya Pradesh, Rajasthan and Karnataka are among top states providing highest power subsidy bill, accounting for ₹48,248 crore which is 36.4 percent. : Mint

NTPC seeks to raise ₹12,000 cr via bonds; aims to achieve 75 GW capacity by Aug 2023

New Delhi : Government-owned NTPC is planning to raise funds aggregating to ₹12,000 crore through non-convertible debentures on a private placement basis. The company seeks in the upcoming annual general meeting (AGM). : Mint

New bill to see power sector rejig

New Delhi : Power minister R.K. Singh on Monday introduced the Electricity (Amendment) Bill 2022 in the Lok Sabha which proposes to let multiple power distribution companies operate in a particular area to drive competition and allow consumers to choose their power supplier. : Mint

Power sector employees, engineers protest against Electricity Amendment Bill: AIPEF

New Delhi : A large number of power sector employees and engineers across the country stopped work and held demonstrations on Monday in protest against the Electricity Amendment Bill 2022, said All India Power Engineers Federation (AIPEF). : Economic Times

When the sun switches off the solar panels

New Delhi : The more the sun shines in the southern German town of Aurach, the more likely it is that Jens Husemann’s solar panels will be disconnected from the grid — an exasperating paradox at a time when Germany is navigating an energy supply crisis. : Economic Times

Siemens Energy warns of deeper net loss over Russia restructuring

Frankfurt : Siemens Energy, which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 200 million euros ($204 million) due to the restructuring of its business in Russia. : Economic Times

Gaza’s sole power plant shut down due to lack of fuel

New Delhi : The sole power plant in the Gaza Strip has been knocked offline due to a lack of fuel, electricity officials said. As a result, the power supply in the Palestinian territory will be reduced from the previous 12 hours to four hours, dpa news agency quoted the officials as saying on Saturday. : Economic Times

Green energy business to outshine existing ones in 5-7 years: Mukesh Ambani

New Delhi : Reliance Industries Ltd’s (RIL) green energy business which was launched last year will outshine all its existing growth engines in just 5-7 years, Chairman Mukesh Ambani said in his note to shareholders in the company’s annual report for FY22. : Economic Times

MP, Rajasthan, Karnataka Lead In Power Subsidies

New Delhi : MP, Rajasthan, Karnataka Lead In Power Subsidies. : saurenergy.com

Project Solar Raises $23 Million Series A For Digital Solar Offering Expansion

New Delhi : Project Solar Raises $23 Million Series A For Digital Solar Offering Expansion. : saurenergy.com

Adani Solar Strengthens Retail Footprint In Maharashtra

New Delhi : Adani Solar Strengthens Retail Footprint In Maharashtra. : saurenergy.com

Wood To Deliver Design Services For Floating Wind Farm In Scotland

New Delhi : Wood To Deliver Design Services For Floating Wind Farm In Scotland. : saurenergy.com

GSECL Issues 220 MW Grid Connected Solar Projects Tender In Gujarat

New Delhi : GSECL Issues 220 MW Grid Connected Solar Projects Tender In Gujarat. : saurenergy.com

Two Of The Four Gujarat State Discoms Top All-India Integrated Rating

New Delhi : Two Of The Four Gujarat State Discoms Top All-India Integrated Rating. : saurenergy.com

Energy Storage Firm Stem’s Loss Narrows to $32 Million in Q2 2022

New Delhi : Energy Storage Firm Stem’s Loss Narrows to $32 Million in Q2 2022. : mercomindia.com

Amara Raja Batteries’ Net Profit Rises by 33% QoQ in Q1 FY23

New Delhi : Amara Raja Batteries’ Net Profit Rises by 33% QoQ in Q1 FY23. : mercomindia.com

Solar Adoption Has Helped Southern Railway Save ₹20 Million Annually in Power Bills

New Delhi : Solar Adoption Has Helped Southern Railway Save ₹20 Million Annually in Power Bills. : mercomindia.com

BPCL Invites Bids to Hire a Contractor for a 14 MW Solar Project in Madhya Pradesh

New Delhi : BPCL Invites Bids to Hire a Contractor for a 14 MW Solar Project in Madhya Pradesh. : mercomindia.com

CEL Issues Tender for Supply of 1.5 Million Multicrystalline Solar Cells

New Delhi : CEL Issues Tender for Supply of 1.5 Million Multicrystalline Solar Cells. : mercomindia.com


Oil and Gas

Indian Oil Corp unit to open 50 fuel stations in Sri Lanka to help alleviate crisis

Columbo : Sri Lanka has given approval for India’s Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts to reduce severe shortages that have crippled the island nation. : Economic Times

Reliance builds technology & innovation portfolio for Green Energy foray through partnerships, acquisitions, R&D

New Delhi : In his letter to shareholders, Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said “we entered into a series of partnerships, including equity investments, with local and international corporates with unique technological and execution capabilities, with a strong track record of innovation and a growing number of patents and IPRs across the Green Energy value chain”. : Economic Times

IOC’s Rs 169-cr LPG plant in Agartala inaugurated

Guwahati : PSU major Indian Oil Corporation has inaugurated its latest greenfield LPG bottling plant at Agartala, set up at an investment of Rs 169.11 crore, a senior official said on Monday. The foundation stone for the plant was laid in 2017 and the project got completed as per schedule in February 2020, Indian Oil Corporation Executive Director (IndianOil-AOD) Ganesan. : Economic Times

Rajasthan govt asks HPCL to speed up refinery work at Pachpadra

Jaisalmer : The state government has directed to speed up the construction work of the refinery at Pachpadra in Barmer district. : Economic Times

Govt to decide on re-initiating BPCL sale after reviewing situation in due course:FinMin

New Delhi : The government will decide on re-initiating the process of BPCL strategic sale based on a review of the situation in due course, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Bhagwat Kishanrao Karad said the COVID pandemic, energy transition issues and geo-political conditions affected several industries globally, particularly the oil and gas industry. : Economic Times

Trading segment leads Q1 beat for GAIL but Russian gas supply a worry

New Delhi : Near-term uncertainties around supplies from Russia are keeping markets cautious despite GAIL India Ltd reporting strong numbers for the quarter that ended in June. The stock continued its downwards journey and closed 5.17% lower Friday. : Mint

HPCL signs commercial agreement with Honda in E-mobility field

New Delhi : Hindustan Petroleum has signed a Memorandum of Understanding and Commercial agreement with Honda to collaborate in the field of E-mobility. Together HPCL & Honda have plans to create the largest Battery Swap Network of over 70 Stations, in near future. : psuconnect.in

BPCL Financial Results: Reports net loss of Rs 6290 Cr in Q1FY23

New Delhi : Bharat Petroleum, the second largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, has posted a net loss of Rs. 6,290.80 Crores in Q1 FY22- 23, as compared to the restated profit of Rs. 3,192.58 Crores in the corresponding quarter of FY22. : psuconnect.in

HPCL Q1 Results FY23: announced net loss of Rs 10,197 cr

New Delhi : Hindustan Petroleum Corporation Limited (HPCL) has reported Revenue from operations of Rs 1,21,449 Crore for the period April-June 2022 as compared to Rs 77,586 crore during the corresponding period of previous year. : psuconnect.in

Government has announced a National Hydrogen Mission (NHM) in 2021

New Delhi : The Minister of State for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Rajya Sabha today informed that the CNG stations have been set up across the country. State/UT-wise details of Geographical Areas (GAs) where CNG stations are situated are at Annexure. : Sarkaritel.com

Lok Sabha passes bill to promote non-fossil fuels

New Delhi : A bill seeking to mandate the use of non-fossil energy sources such as biomass, ethanol and green hydrogen was passed by the Lok Sabha on Monday. : Economic Times

Russian crude prices recover on strong India, China demand

New Delhi : Spot prices for Russia’s key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said. : Economic Times

Oil extends 10% weekly tumble as demand concerns spur caution

New Delhi : Oil fell as the week’s trading kicked off, extending the biggest weekly decline since April, amid persistent concern about weakening demand. : Mint

Oil prices bounces higher as China, US data ease recession concerns

New Delhi : Oil prices bounced higher from multi-month lows on Monday as investors’ appetite improved following data on U.S. jobs and Chinese exports data that eased recession concerns. : Business Standard

Oil prices edge up as strong economic data feeds hopes for demand

Houston : Oil prices edged up on Monday, hovering near their lowest levels in months in volatile trading as positive economic data from China and the United States fed hopes for demand despite nagging fears of a recession. : Business Standard

Prime Minister Modi to dedicate 2G Ethanol Plant in Panipat

New Delhi : Prime Minister Shri Narendra Modi will dedicate the 2nd generation (2G) Ethanol Plant in Panipat, Haryana to the nation on 10th August, 2022 at 4:30 PM via video conferencing on the occasion of World Biofuel Day. : psuconnect.in

Ohmium and Spirare Partner to Produce Green Hydrogen at NTPC’s Green Campus

New Delhi : Ohmium and Spirare Partner to Produce Green Hydrogen at NTPC’s Green Campus. : mercomindia.com

BPCL Invites Bids to Hire a Contractor for a 14 MW Solar Project in Madhya Pradesh

New Delhi : BPCL Invites Bids to Hire a Contractor for a 14 MW Solar Project in Madhya Pradesh. : mercomindia.com

PM to dedicate 2G Ethanol Plant in Panipat on 10th August

New Delhi : On the occasion of World Biofuel Day, Prime Minister Narendra Modi will dedicate the 2nd generation (2G) Ethanol Plant in Panipat, Haryana to the nation on 10th August, 2022 at 4:30 PM via video conferencing. : Sarkaritel.com

Opinion: European gas oil futures anticipate recession: Kemp

London : Hedge fund position changes last week in US and European petroleum futures illustrate the contrasting economic outlooks on the two sides of the North Atlantic. : Economic Times

UAE government’s operating surplus doubles thanks to oil price surge

Dubai : The United Arab Emirates government’s net operating surplus more than doubled in the first quarter to 36.4 billion dirhams ($9.9 billion) as surging oil prices boosted public revenue, finance ministry data showed on Monday. : Economic Times

State ethanol production likely to reach 140 cr lt next year: Experts

Aurangabad : The ethanol production in state is likely to reach 140 crore litre next year, sugar industry representatives have said. : Economic Times

Oil bounces as China, US data ease recession concerns

Singapore : Oil prices bounced higher from multi-month lows on Monday as investors’ appetite improved following data on US jobs and Chinese exports data that eased recession concerns. : Economic Times

China set for new tax probe on independent oil refiners: sources

Singapore : China is set to begin another round of tax inspections on independent refiners that will last months, adding to pressure on refinery operations which are already running well below capacity, five trading and refinery executives told Reuters. : Economic Times

Iraq’s Basra Heavy sinks in Asia after Russian oil swells region’s supplies

Singapore : Spot prices for Iraq’s Basra Heavy crude sold in Asia, predominantly to China and India, have sunk to deep discounts after ample supplies pushed fuel oil margins to their lowest since 2020, traders said. : Economic Times

India’s Russian refined product imports treble

New Delhi : Not only crude oil but also cheaper refined fuels from Russia are gaining ground in the Indian market since the outbreak of the Ukraine war in February. Imports of Russian refined products have tripled in recent months from the preceding three-year average, according to energy cargo tracker Vortexa. : Economic Times

Cuba gets help from Mexico, Venezuela to fight oil fire

New Delhi : Cuba appeared to make progress on Sunday bringing under control a fire at its main oil storage facility that has killed one firefighter, drawing on help from Mexico and Venezuela to fight the raging flames. : Economic Times

Japan intends to keep stake in Sakhalin-1 oil project: industry minister

Tokyo, Japan : Japan intends to keep a stake in the Sakhalin-1 oil and gas project in Russia, industry minister Koichi Hagiuda said on Monday, after Russia temporarily banned Western investors from selling shares in key energy projects. : Economic Times

Shell defers Prelude LNG turnaround due to industrial action

Melbourne : Shell Plc said on Monday it is deferring planned maintenance work at the Prelude floating liquefied natural gas (FLNG) facility that was due to go ahead in September because of industrial action at the site off northwest Australia. : Economic Times

Oil slides amid recession fears, slow recovery in China imports

Singapore : Oil prices dropped on Monday, hovering near multi-month lows, as recession fears hurt demand outlook and data pointed to a slow recovery in China’s crude imports last month. : Economic Times

ExxonMobil partners Think Gas to market range of CNG lubricants

New Delhi : ExxonMobil Lubricants Pvt Ltd partnered with Think Gas Distribution Pvt Ltd., to market its range of compressed natural gas (CNG) lubricants for passenger and commercial vehicles, the company said today. : Economic Times

India’s July fuel demand rises 6.1% year-on-year

New Delhi : India’s fuel demand in July rose 6.1% year-on-year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday. : Mint

Malaysia’s Petronas eyes green energy projects in India

New Delhi : Malaysia’s Petroliam Nasional Bhd, or Petronas, is in talks with ReNew Energy Global PLC to jointly set up green energy projects in India, two people aware of the development said. : Mint

Russian crude oil prices recover on strong India, China demand

New Delhi : Spot prices for Russia’s key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said. : Mint

Lok Sabha passes bill to promote use of ethanol, green hydrogen & biomass

New Delhi : Lok Sabha on Monday passed a bill seeking to promote the use of non-fossil fuels, including ethanol, green hydrogen and biomass. : Business Standard

Oil PSUs sourcing crude oil from Guyana, USA and Russia: Rameswar Teli

New Delhi : The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli today in a written reply to a question in the Rajya Sabha informed that the to ensure the security of crude supplies and to mitigate the risk of dependence on crude from a single region, Oil Public Sector Undertakings (PSUs) already procure crude from countries in various geographical locations viz. Middle East, Africa, North America, South America, etc.. : psuconnect.in

Evonik to substitute up to 40 per cent of natural gas at its German sites

New Delhi : German chemicals group Evonik Industries said on Monday it was substituting up to 40 per cent of natural gas at its domestic sites, as the energy-intensive sector prepares contingency plans in case of Russian gas supply cuts. : Economic Times

Crude oil futures gain on spot demand

New Delhi : Crude oil prices on Monday rose by Rs 61 to Rs 7,147 per barrel as participants widened positions on a firm spot demand. : Economic Times

Oil stays near multi-month lows on demand worries

London : Oil prices inched up from multi-month lows on Monday as lingering worries about demand weakening on the back of a darkened economic outlook outweighed some positive economic data from China and the United States. : Economic Times

How India is using its oil dependence to its advantage

New Delhi : India is among the top importers of crude oil, depending on foreign fuels to meet 85% of its requirements. And it seems to have put its overdependence on imported oil to its advantage when the Ukraine war pushed the fuel prices in the global markets. Saudi Arabia seems to have lost out to Russia in a race to sell oil to India. : Economic Times

Great east-west gas connection divide

New Delhi : There is a great divide between east and west in Namma Bengaluru. While many residents staying in the eastern parts have been able to procure piped natural gas (PNG) connections, those in the west have not been so lucky. : Economic Times

Sarkaritel
By Sarkaritel August 9, 2022 07:01