3.5 GW hydroelectric projects along with 2.5 GW solar projects identified for monetization of energy assets worth Rs 1.6 lakh crore

The government has identified projects worth more than Rs 1.6 lakh crore in the energy sector as potential assets to be monetised by FY25. For the first time, hydroelectric power plants of around 3,500 megawatt (MW) and solar and wind power projects of about 2,500 MW owned by Central government companies have been identified for […]

Read more

India’s first green hydrogen plant to be set up at IOC’s Mathura refinery

India’s largest fuel retailer, Indian Oil Corporation (IOC), has announced that it will build the nation’s first green hydrogen plant at its Mathura refinery. This will be the nation’s first green hydrogen unit. Previously, projects have been announced to produce ‘grey hydrogen’ using fossil fuels such as natural gas. This is significant given that Hydrogen […]

Read more

Stalemate in Exxon Texas refinery lockout continues

No new proposals for ending a two-month lockout of 650 United Steelworkers union members from Exxon Mobil Corp’s Beaumont, Texas refinery were made during a meeting this week, said union and company spokespeople, as reported by Reuters. The lead negotiators for both sides met on Wednesday, but no proposals were exchanged, the spokespeople said. Exxon […]

Read more

India’s Reliance Industries to appoint Aramco chairman as director on its board

India’s Reliance Industries Ltd. will appoint Yasir Othman Al-Rumayyan, the chairman of Saudi Aramco, to its board in what could possibly be seen as a precursor to an investment deal between the two big energy companies. Al-Rumayyan, who is also the governor of the kingdom’s sovereign wealth fund, will join Reliance as an independent director, Chairman Mukesh Ambani, India’s […]

Read more

Indian Oil commits to invest Rs 24,000 crore in Gujarat refinery expansion

State-owned refinery, Indian Oil Corporation (IOC) on Monday has signed up an investment pact for adding petrochemical and lube plants to its previously announced plan to expand crude oil processing capacity at its Koyali refinery at Vadodara in Gujarat. Expanding refining capacity by 4.3 million tonnes per annum to 18 million tonnes and adding plants to produce 500,000 tonnesper annum of polypropylene and 2,35,000 tonnes of lube […]

Read more