Mukesh Ambani's privately held biotech research company, Reliance Life Sciences, will soon diversify to take up biofuel production in a major way. Industry sources said the facilities might require an investment of Rs 150-200 crore (Rs 1.5 billion to Rs 2 billion). One hectare of land yields about a tonne of crop, so RLS will need to cultivate about one lakh hectares of land, they say. The majority of investments go into sourcing raw material, they say.
The cargo on board the suspect North Korean vessel MV Mu San will be off loaded in Kakinada, Andhra Pradesh on Sunday and searched for any suspect material onboard. Sources said central security agencies and nuclear scientists will conduct a thorough investigation to check if the ship is carrying any radioactive and nuclear material. The 39-member crew of the ship, its North Korean captain Yun Jong Sun, would be questioned by the authorities at the port itself.
Eight companies are in the fray for rolling out gas networks in six cities, bids for which were invited by the Petroleum and Natural Gas Regulatory Board. The deadline for submission of the bids expired on Tuesday.
The thanks-giving activities will start with laying of wreaths at the police memorial in Delhi and in several other cities on Sunday morning to honour the police personnel deployed in enforcement of the nationwide lockdown, officials said. It will be followed by fly-pasts by fighter and transport aircraft of the Indian Air Force, covering a sizeable number of cities and towns across the country between 10 am and 11 am, officials said.
The railway officials have started the probe into Friday's ghastly fire accident on the Secunderabad-Kakinada Gautami Express, in which 31 passengers were burnt alive. The inquiry began on Sunday amid speculation over the exact cause of the fire as traces of inflammable grease was found in the gutted S-10 coach from where the fire had started in the wee hours of Friday.
Five coaches of the Gautami Express were gutted in a massive fire in Warangal district in the wee hours of Friday, killing at least four passengers, the police said. The train was traveling from Secunderabad to Kakinada. The passengers were fast asleep when the fire broke out. The victims include three handicapped persons and a pregnant woman. Soon after the fire broke out, the crew of the train acted quickly and separated the engine and other bogies from burning coaches.
The block was offered to the consortium under New Exploration and Licensing Policy (Nelp VII). RIL has 70 per cent participating interest and BP, which is the operator of the block, holds the remaining 30 per cent.
Five more bodies were recovered from the Machkund (Balimela) reservoir by the search teams and airlifted to Visakhapatnam for post-mortem. Akun Sabharwal, the district superintendent of police, Visakhapatnam, told the media at Chitrakund that so far 15 bodies have been found and another 21 bodies are believed to be stuck in the sunken vessel.
The Rs 31,000-crore refinery and petrochemical plant being planned by Oil and Natural Gas Corporation in Kakinada in Andhra Pradesh is likely to have a new partner -- the Bangalore-based GMR group. GMR is the latest to join the long line of suitors, including the Hinduja group, Reliance Industries and Essar Oil, for the refinery.
The fertiliser plant would use natural gas from the company's prolific gas field off in Krishna Godavari basin off the Andhra coast as feedstock.
RIL is likely to take about six months to one year to estimate the oil and gas reserves available from the new discovery.
First tranche of central funding of Rs 200-cr each to come in FY16 for those who meet all criteria.
The fertiliser and power companies say that the cost of gas would be too high, making operating on gas economically unviable.
Indian Oil Corporation on Friday said it plans to invest about Rs 2,000 crore in a joint venture with Reliance Industries for retailing natural gas to households and automobiles.
The newer gas finds will help turn the tide for ONGC, which has seen oil and gas output stagnating in recent times.
1,400 km pipeline will transport gas from KG basin to west coast.
Reliance Industries Ltd has won government approval for laying six petroleum product pipelines across the country to sell output from its 33 million tonnes per annum Jamnagar refinery in Gujarat.
Reliance Industries Ltd plans to invest over Rs 5,000 crore in setting up City Gas Distribution projects in eight cities in Maharashtra and Andhra Pradesh for supply of natural gas to households, industries and automobiles.
The system is likely to move in a northerly direction and cross the Andhra coast between Bapatla and Kakinada.
Here are few things you should know about Vice Admiral Sunil Lanba, India's next naval chief.
The government will end Gas Authority of India's monopoly over laying natural gas pipelines by allowing private sector firms in gas transportation business, Petroleum Minister Mani Shankar Aiyar said on Thursday.
Reliance Industries Ltd, which recently demerged its overseas oil and gas projects, is debating hiving off its giant Krishna-Godavari gas field, but ruled out talks for inducting US energy major Chevron as equity partner.
The Andhra Pradesh government plans to set up an animation and gaming city in Hyderabad to promote the industry.
Railway proposes to complete 273 kms of new lines including Chandigarh-Morinda-Ludhiana, Kakinada-Kotipalli and Hassan-Bangalore.
Anil Ambani-owned Reliance Energy has approached state-owned gas utility GAIL (India) Ltd for transportation of gas to its proposed 4,000 MW power plant at Dadri.
Cyclone Hudhud pounded the coastal districts of Andhra Pradesh and Odisha with heavy rain and winds of almost 200 kmph on Sunday killing four people and left a trail of destruction with Vishakapatnam where the very severe storm made landfall the worst hit.
The government is likely to drop GAIL as the monopoly builder of trunk gas pipelines in the country and as part of opening up the sector, might allow Reliance Industries to lay a line from Andhra Pradesh to Gujarat.
GAIL on Wednesday said it is in talks with Reliance for laying a Rs 6,725 crore pipeline from Kakinada in Andhra Pradesh to Uran to pipe natural gas from RIL's gas fields in Bay of Bengal to consumption centres in West and North.
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