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Reliance secures approval for KG-D6 Investment

Reliance Industries Limited has received approval from the Indian government to make further investments in its KG-D6 gas project, aimed at enhancing gas production. This move signals a significant step forward in the company's efforts to boost domestic energy production and reduce dependency on imports.

The investment approval granted by the government underscores its commitment to facilitating the development of domestic energy resources, which is crucial for ensuring energy security and driving economic growth. Reliance's continued investments in the KG-D6 project align with the go..

Electoral Bonds – A Payoff for Contracts!

The issue of electoral bonds, at its core, legitimizes a favour expected by those who cannot otherwise merit it. Thus, it embodies an act of corruption. While the Supreme Court provided legitimacy to the method, it somehow failed to examine the core issue. Now, this oversight has been overturned, but not without breaking the code of secrecy, as skeletons have come tumbling out.

Let us talk about the most talked-about infrastructure and construction major, namely Megha Engineering & Infrastructure Ltd (MEIL). MEIL is the second-largest construction company after L&T. It is estimated ..

Larsen & Toubro wins big gas pipeline project in Middle East

Larsen and Toubro (L&T), a domestic company, announced that it had secured a significant order for a gas pipeline project in the Middle East region. The company stated that the project entails the Engineering, Procurement, and Construction (EPC) of two new pipelines and associated work alongside the existing pipeline corridor.

The company's hydrocarbon division, L&T Energy Hydrocarbon - LTEH, confirmed the reception of the major onshore gas pipeline project.

According to Subramanian Sarma, who holds the position of Whole-time Director & Senior Executive Vice President (Energy) ..

Indian Government Reduces Windfall Tax on Crude Petroleum

The Indian government has decided to reduce the windfall tax on crude petroleum, lowering it to Rs 5,700 per metric ton effective from May 16. This decision comes amidst efforts to balance revenue generation with the need to mitigate the impact of high global crude oil prices on domestic consumers and industries.

The windfall tax reduction follows a period of sustained increase in global oil prices, which have posed challenges for India's economy and inflationary pressures. By revising the tax rate downwards, authorities aim to provide relief to consumers while ensuring a stable environ..

Cairn Oil & Gas Reserves Surge

Cairn Oil & Gas, a subsidiary of Vedanta Resources, has reported a significant 19% increase in its oil and gas reserves, now totalling an impressive 1.4 billion barrels of oil equivalent. This notable growth underscores Cairn's robust exploration and production capabilities, solidifying its position as a leading player in India's energy sector.

The increase is attributed to successful exploration activities and efficient reservoir management, which have optimised recovery rates. Cairn's CEO, Nick Walker, highlighted that this achievement aligns with the company's strategic goal..