This investment drive aims to ramp up refining capacity, expand petrochemical operations, bolster its network of retail fuel stations, and embrace clean energy initiatives, according to company sources.
The data highlights a surge in the market capitalization of private sector banks for the three months ending June 30, with the sector showing stronger metrics compared to their public sector counterparts.
This move, according to industry insiders, could effectively address the persistent issue of capacity underutilization that has been plaguing most of these facilities and bring about greater transparency in the sector.
As the global push for renewable energy continues to gain momentum, India is emerging as a key player in corporate clean energy procurement, significantly contributing to the global surge in renewable energy adoption.
Coal is poised to retain its status as a cornerstone of India's power generation, as detailed by Pritish Raj, Managing Pricing Editor for Asia Thermal Coal at S&P Global Commodity Insights.
According to S&P Global Commodity Insights (GCI), India stands prominently among the top players in this sector, alongside countries such as China, Japan, and the United States.
The Directorate General of National Cadet Corps (DGNCC) proudly hosted an award ceremony at Narangi, Guwahati, honouring the exemplary achievements and contributions of NCC cadets, Associate NCC Officers (ANO), Girls Cadet Instructors (GCI) and Principals of best Institutions for NCC coverin
The recent decisions by OPEC+ and Russia to extend production cuts have provided a semblance of clarity in the near-term supply trajectory for global crude oil and Asian crude buyers are unlikely to face a supply squeeze as plentiful non-OPEC supplies are set to fill the potential void, trad
According to S&P Global data, 12 entities reported a total of 103 bids, offers, and trades, contrasting with only four entities reporting 20 bids and offers in February 2023.
According to S&P Global Commodity Insights (GCI), this decision comes amidst ongoing efforts to stabilize oil markets and counteract increasing output from rival producers such as the US and Brazil.
In a recent announcement by CEO Eduardo Bartolomeo, the Brazilian miner outlined its plans to ramp up annual iron ore production to a staggering 340-360 million metric tons by 2026, according to S&P Global Commodity Insights (GCI).
According to S&P Global Commodity Insights, however, industry insiders suggest that this move may not significantly stimulate domestic automotive fuel sales amid a subdued economic environment.