Of the top 37 mines, the output of 25 blocks has been more than 100 per cent and another five mines' production stood between 80 and 100 per cent in the last month.
According to ICICI Securities, piped cooking gas, called PNG, CNG prices will need to be raised by Rs 6.2 per standard cubic meter and Rs 9-12.5 per kg to fully pass on the impact of these high input costs.
In an interaction with Business Today at Suvarda, Gujarat, IC Mangal said that the company is set to make a comeback after facing huge challenges during the past 10-15 years. Edited excerpts:
Tanti’s aggressive lobbying skills had resulted in a government committee agreeing in principle to abolish the e-reverse bidding framework for wind projects in July this year
Rajasthan overtook Gujarat in March this year with the most installed renewable energy.
Analysts say this is only the beginning of big money pouring in, with Reliance and Adani expected to set the funding process in motion for green hydrogen.
The coal ministry, which is a nominated authority, has till now successfully auctioned 43 mines with PRC of 85.54 million ton per annum.
Gazprom Marketing and Trading Singapore (GMTS), under a long-term 20-year contract, was to supply 2.5 million tonne of LNG to state-owned GAIL (India) Ltd this year. But it has not supplied any cargo or shipload of LNG since early June.
Avaada Group has been declared one of the winners in an auction conducted by Maharashtra State Electricity Distribution Company (MSEDCL) to procure power from 500 MW of grid-connected inter or intrastate solar projects (Phase-VIII) on a long-term basis
The state oil giant is one of the leading companies building pilot CCUS projects in China, part of the country's goal to reach peak carbon emissions by 2030.
In a statement, Essar said it has signed definitive agreements with ArcelorMittal Nippon Steel for certain ports and power infrastructure assets which are primarily captive to Hazira steel plant operations.
The Rs 40,000 crore plant which is proposed to be built in Rajasthan's Kota district is expected to directly employ 3,500 people.
Norfund and KLP have acquired 49 per cent stake in an Indian solar power project that is estimated to deliver a capacity of 750 GWh per year on completion.
The Adani Group-backed company in an official statement said that the recent intervention by the government has helped the CGD industry in moderating the prices of CNG and home PNG to end customers.
"Once fully operational, these coal mines are expected to generate employment for 31,954 persons directly & indirectly. A total investment of Rs.3565.50 crore will be incurred to operationalise these mines," the Coal ministry noted.
"Collaboration between ONGC and ExxonMobil will be a strategic fit where ONGC’s knowledge and past experience in these areas will be coupled with ExxonMobil’s global insights," ONGC stated.
The minimum amount of loan offered by banks or FIs should be Rs 500 crore or in multiple of Rs 500 crore.
While the crude unit was shut from Aug. 1, the naphtha hydrotreater, continuous catalytic reformer, diesel hydrotreater, coker and alkylation units were shut sequentially.
The company had posted consolidated profit of Rs 357.59 crore in the year-ago period, NLC India said in a regulatory filing.
The view from the Organization of the Petroleum Exporting Countries contrasts with that of the International Energy Agency, which earlier on Thursday raised its demand outlook.
Its net profit was Rs 1,555.46 crore, or Rs 14.34 per share, in April-June compared to Rs 507.94 crore, or Rs 4.68 a share, in the same period a year back, the company said in a statement.
Copyright©2022 Living Media India Limited. For reprint rights: Syndications Today