Natural resources company Vedanta Ltd plans to invest $4.1 billion to boost oil output from its flagship Barmer block, reported Live Mint. The company targets to raise its oil output to over 4,00,000 barrels per day in 2021, Vedanta Ltd Chairman Anil Agarwal said.
The scheme was launched here with memoranda of understanding (MoU) being signed by 36 startups for partnering with various state-run firms like Indian Oil, Hindustan Petroleum and GAIL India, which is India’s largest gas transmission utility.
Memorandum of Understanding (MoU) was executed between REC Transmission Projects Company Ltd. (RECTPCL) and Energy Efficiency Services Ltd. (EESL) for taking up Energy Efficiency and Energy Efficient Street Lighting projects.
Oil India Limited (OIL), India’s second largest National Exploration & Production Company, celebrated its 58th Foundation Day with full fervor and zeal at it’s Corporate Office in NOIDA on 18th February, 2017.
Rio Tinto (RIO +5.2%) says it appointed three former senior managers from the energy industry to its board as non-executive directors
Dr. P.V. Ramesh, an IAS officer of the 1985 batch of Andhra Pradesh Cadre has taken over as Chairman and Managing Director of Rural Electrification Corporation Limited (REC) on 5th January, 2017.