Adani Group incorporates wholly-owned subsidiary, ANIL for new energy business

Billionaire Gautam Adani’s logistics-to-energy conglomerate has set up a new subsidiary, Adani New Industries Ltd (ANIL) to undertake green hydrogen projects, generation of low carbon electricity and manufacture of wind turbines, solar modules and batteries as it looks to become the world’s largest renewable energy company and produce the cheapest hydrogen. Adani had in November […]

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Indian Oil’s Mathura refinery gets green nod for expansion

Indian Oil Corporation’s Mathura refinery has received environmental clearance for projects to expand its crude processing capacity to 11 million tonnes per annum (mtpa). Currently, the Mathura Refinery has processing capacity of 8 mtpa. The refinery has been accorded environmental clearance for residue upgradation and distillate yield improvement project with 11 MMTPA crude processing, Mathura […]

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Indian Oil to set up hydrogen projects for state transport undertakings

In tandem with India’s hydrogen roadmap, public sector major Indian Oil Corporation (IOC) is in talks with state transport utilities of Kerala, Uttar Pradesh and Gujarat to set up hydrogen manufacturing units and refuelling stations. The company has also set a target of converting at least 10 per cent of its hydrogen consumption at refineries to green hydrogen soon. The UP unit […]

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Reliance likely to transform its energy business with a future perspective, says Morgan Stanley

Reliance Industries Ltd (RIL) plans to transform its energy business with an over-arching strategy to offer decarbonisation solutions globally at a competitive price in a market potentially worth $ 5 trillion by 2030, Morgan Stanley said. Over the next few decades, the world will need to fundamentally retool the way it produces and consumes energy. Reliance is embracing […]

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