Will add new chemical chains, produce high-value composites: Ambani Reliance Industries Ltd, India’s most valued company, is seeking to “future-proof” its hydrocarbon portfolio as renewable energy finds
The Union Government has declared 17 districts in Gujarat as drought-affected, Rajya Sabha MP Parimal Nathwani has said. These districts are Vadodara, Bharuch, Anand, Kheda, Ahmedabad, Jamnagar, Amreli,
With its rising energy needs, India has emerged as the fourth largest energy consumer of the world after the US, China and Russia, but its per capita energy consumption remains lower than that of developed countries, says a report. "India is the fourth largest energy consumer in the world after the United States, China, and Russia," the US Energy Information Administration (EIA) said in its latest report (for 2011) on energy outlook for India released here yesterday.
With its rising energy needs, India has emerged the fourth largest energy consumer of the world after the US, China and Russia, but its per capita energy consumption remains lower than that of developed
Ahmedabad: For flamingos, Khadir region was already a death trap; and now, the birds are finding it lethal to fly into Haripar village in Maliya. Over 20 flamingos were found dead on Wednesday. These graceful
3,000 More May Get Partially-Hit Tag In Saurashtra Gandhinagar: On Wednesday morning, residents in Amreli left every other chore so that they could store water. The Saurashtra town received water supply after a gap of 20 days! Fearing that situation may get out of hands, the state government plans to declare about 1,000 villages as drought affected and an additional 3,000 villages as partially-affected. The move comes after MLAs from Saurashtra and Kutch —the two regions have received just 35% of the average rainfall — raised issues like drinking water scarcity, fodder shortage and migration on the sidelines of the two-day assembly session.
Sharp decline in production from flagship Krishna-Godavari basin has changed the business mix for the company An unimpressive performance on its exploration and production front has brought the refining and marketing and petrochemicals business back in the reckoning for Reliance Industries Ltd (RIL), India’s highest valued company. Over the quarters, a sharp decline in production from its flagship Krishna-Godavari basin, off the Andhra coast, has changed the business mix for the Mukesh Ambani-led company, with refining and marketing now contributing 78.2 per cent of the revenue base and 58 per cent of Ebit (earnings before interest, tax) margins.
Reliance Industries on Friday won government approval to de-notify over 40% of its Special Economic Zone (SEZ) in Gujarat as it plans R45,000 crore projects in that area to cater to domestic market. An official said RIL’s proposal was approved at the meeting of Board of Approvals (BoA) SEZ subject to the company obtaining a NoC from the state government for the denotification.
135 Dams In Region Have Just Nine Per Cent Of Water Left Rajkot: Tempers are running high in the pilgrim town of Virpur. Without drinking water for the last 25 days, residents have called for a bandh on Thursday to vent their anger. The bandh call comes barely 10 days after a group of women ransacked the municipality office in Jetpur town to protest against the scarcity of water.
AHMEDABAD: The Gujarat high court has quashed the acquisition process for 155 land parcels which were acquired by the state government for the development of the Poshitra Port area. The plan for the development of this project has been shelved by Gujarat Maritime Board (GMB) and the state because the project has not secured due environment clearance. After GMB planned the project in 1997, the state government issued a notification in 1999 for the acquisition of land in the vicinity of the proposed port for development. The award for the acquisition was decided in 2001, but it was declared after much delay, in 2008.
Experts feel there is definitely more activity on the ground now compared to a year ago. Public sector enterprises have started spending on projects and are also ordering equipment Amid signs of a revival in the industrial cycle, the capex plans of large companies such as Reliance Industries are creating traction in the infra space. The company’s petcoke gasification project will see investments of $4 billion over the next three years. The company is also setting up a petrochemical cracker for an investment of $8 billion. The project management firms for these have been finalised and ground work has started in Jamnagar. Analysts say the project site could require at least 1,000 cranes and companies such as Sanghvi Movers could finally see business improving two quarters down the line when work commences.
