ONGC has drawn a blueprint to raise crude oil production by 4 million tonne (MT) and almost double natural gas output by 2020 to meet Prime Minister Narendra Modi’s target of cutting India’s import dependence by 10 per cent, Chairman Shashi Shanker has said.
Low-cost carrier SpiceJet will electrify the remote village of Baruahchuck in Majuli district of Assam.
The Damodar Valley Corporation Ltd might “drop” plans to transfer its Raghunathpur thermal power plant to a joint venture with NLC India Ltd, owing to a delay in getting clearance for the proposal from the West Bengal government.
Crude prices have surged above the USD 52 mark as President Trump refused to certify that Iran is following the spirit of the 2015 Nuclear agreement.
Bert Nordberg, chairman of Danish wind turbine maker Vestas, had a brief meeting with Prime Minister Narendra Modi in New Delhi.
Indian Oil Corp, the country’s top refinery, has delayed maintenance shutdown at its 300,000 barrels per day (bpd) Paradip refinery in eastern Odisha state to March-April, a company spokesman said on Friday.
India is on course to achieving universal access to electricity and clean cooking facilities by the early 2020s, a decade ahead of other developing countries, the International Energy Agency has said, indicating global recognition for the Narendra Modi government’s energy programme.
The Hero Group is close to acquiring almost the entire wind energy portfolio of the LNJ Bhilwara Group, helping the buyer emerge as one of the biggest players in the rapidly growing sector that has seen large M&A deals in recent months.
The secretary of the Department of Heavy Industry (DHI), Ministry of Heavy Industries and Public Enterprises, Asha Ram Sihag reviewed the performance and future readiness of Bharat Heavy Electricals Limited (BHEL) during a visit to the company’s Corporate Office at Siri Fort, New Delhi.
“There was heavy maintenance at some refineries in July-August. All those refineries have come online, so naturally refiners will have to boost purchases to meet local demand,” said Senthil Kumaran, senior analyst at energy consultant FGE.