India's Oil & Gas production to achieve mid-decade peak in 2027: S&P Global
Petroleum minister Hardeep Singh Puri had recently said India will need to pursue an aggressive upstream policy to ensure energy security.
Petroleum minister Hardeep Singh Puri had recently said India will need to pursue an aggressive upstream policy to ensure energy security.
RIL invested $17 billion in capex -- similar to last capex cycle peak. Foreign ownership in Mar-23 was near a 7-year low at 24 per cent, the report said.
The appointment of this highly respected industry leader comes at a key time for Essar as it delivers on its investment plans of transitioning to amongst the first low carbon refineries globally.
Customers with E20 petrol-compatible vehicles will be able to opt for this fuel at select Jio-bp outlets, and the offering will soon be expanded across the network, Jio-bp said in a release.
MJ is the third and last of a set of discoveries that Reliance and its partner BP of UK are developing in the eastern offshore block. The two will use a floating production system at high-sea in the Bay of Bengal to bring to production the deepest gas discovery in the KG-D6 block.
REC is exhibiting its new Alpha Pure-R solar panel, just one year after launching the 2022 Intersolar Award winner, REC Alpha Pure. Demonstrating its commitment to supply its many customers with innovative solar products, REC has doubled its Alpha HJT production capacity in Singapore for the new solar panel.
Reliance's partnerships includes companies like Ambri in the US, Faradion in the UK and The Netherlands-based Lithium Werks in the energy storage space.
"India will require an estimated USD 15 billion in public and private funding to set up 15 GW of green hydrogen by 2030, V. K Saraswat, Member, NITI, Aayog said pointing out that green hydrogen is the future," the CII said.
The loan facility is structured in two tranches. The first tranche is a ₹410-crore loan and the second is a ₹340-crore loan.
RIL is already looking to capitalise on the hydrogen electrolyser opportunity, which could become a 3-4 GW market in India alone.
RIL has planned to transform its energy business with an over-arching strategy to offer decarbonisation solutions globally at a competitive price (similar to its existing energy portfolio) in a market potentially worth $5 trillion by 2030.