New Delhi, April 8 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the revision of the HPCL Rajasthan Refinery Limited (HRRL) project cost from Rs 43,129 crore to Rs 79,459 crore and additional equity investment of Rs 8,962 crore by the Hindustan Petroleum Corporation Limited (HPCL).The total equity investment of HPCL after the increment will be Rs 19,600 crore, according to an official statement.HRRL is a 9 million metric t…
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Seoul, April 2 (IANS) South Korea has secured around 50 million barrels of alternative oil supplies for this month to replace supplies from the Middle East blocked due to the effective closure of the Strait of Hormuz, government officials said on Thursday, vowing continued efforts to stably manage energy supplies.The government and oil refineries are working hard to secure alternative oil supplies from different countries, Yang Ghi-wuk, deputy minister for trade, industry and resource security, …
Seoul, March 1 (IANS) South Korea’s exports jumped nearly 30 per cent from a year earlier in February to mark the highest level ever recorded for the month, driven by growing demand for semiconductors amid the artificial intelligence (AI) boom, government data showed on Sunday.Outbound shipments totaled $67.45 billion last month, up 29 per cent from $54.2 billion a year earlier, according to the data compiled by the Ministry of Trade, Industry and Resources, reports Yonhap news agency.The record…
New Delhi, Jan 2 (IANS) India’s natural gas consumption is expected to grow by 3-4 per cent (year‑on‑year) in FY27, following near‑term moderation in FY26, driven by lower offtake from fertiliser, power and refineries, a new report has said.The latest report from ICRA forecasts a rebound next year led by recovery in industrial offtake and continued expansion of the City Gas Distribution network, which will position natural gas as a focal point in India’s evolving energy narrative.Natur…