Thursday, Jul 25 2024 | Time 07:05 Hrs(IST)
Business Economy

ONGC and Indian Oil sign pact to set up LNG plant

New Delhi, June 21 (UNI) State-owned energy majors Oil and Natural Gas Corporation (ONGC) and IndianOil Corporation Limited (IOCL) have signed a memorandum of understanding (MoU) to establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin.
"The ‘non-binding MoU’ for a technology demonstration small scale LNG plant at Hatta, Madhya Pradesh’ between ONGC and Indian Oil is a visionary step towards a sustainable and prosperous future for India," a joint official release said here on Friday.
The establishment of the Hatta LNG plant will significantly enhance the Vindhyan Basin's status, upgrading it from a Category II to a Category I Basin.
The official release said that the plant will utilize cutting-edge technology to produce LNG, a cleaner alternative to traditional fossil fuels, significantly reducing carbon emissions and aligning with India's climate change mitigation goals.
More News

Kerala Startup Mission partners with Hero MotoCorp

24 Jul 2024 | 10:05 PM

Thiruvananthapuram, July 24 (UNI) Kerala Startup Mission (KSUM) has forged a strategic partnership with automotive major Hero MotoCorp Limited (HMCL), aimed at accelerating growth of the startup ecosystem in state by leveraging combined strengths.

see more..

KPIT Technologies net up over 52 pc in Q1

24 Jul 2024 | 8:20 PM

New Delhi, July 24 (UNI) KPIT Technologies, an independent software integration partner to the automotive and mobility ecosystem for making software-defined vehicles a reality, on Wednesday announced 52.4 percent jump in net profit y-o-y basis during Q1 (April-June) at Rs 2042 million (Rs 204.2 crore).

see more..

Telangana: COWE inaugurates 15th Aveksha day care centre for industrial workers

24 Jul 2024 | 7:58 PM

Hyderabad, July 24 (UNI) COWE inaugurated its 15th Aveksha daycare centre for industrial workers at Gajularamaram, outskirts of the city on Wednesday.

see more..

TTML losses widen to Rs 323 37 crore in Q1

24 Jul 2024 | 7:16 PM

New Delhi, July 24 (UNI) Tata group company Tata Teleservices (Maharashtra) Limited on Wednesday reported a net loss of Rs 323.37 crore during Q1 (April-June) of current financial year as against Rs 300.58 loss in the same quarter of last financial year.

see more..

Syngene’s Q1FY25 net profit down by 19 pc to Rs 76 cr

24 Jul 2024 | 7:12 PM

Hyderabad, July 24 (UNI) Syngene International Limited, an integrated research, development, and manufacturing services company, on Wednesday announced its profit after tax (PAT) declined 19 per cent Year-on-Year to Rs 76 crores for the first quarter in FY25.

see more..