Government Achieves Progress in Promoting Biofuels: Hardeep Puri
OIL & GAS

Government Achieves Progress in Promoting Biofuels: Hardeep Puri

Union Minister for Petroleum and Natural Gas Hardeep Puri informed the Lok Sabha that the government has made significant progress in promoting biofuels as a sustainable alternative to petroleum products.

He said the initiatives are being driven under the National Policy on Biofuels, with ethanol blending in petrol forming a key component of the Ethanol Blended Petrol (EBP) Programme.

According to the Minister, the programme has provided multiple benefits, including expeditious payment of more than Rs 1.25 trillion to farmers from Ethanol Supply Year 2014-15 up to July 2024, and foreign exchange savings of over Rs 1.44 trillion.

Public sector oil marketing companies had achieved the target of 10 per cent ethanol blending in petrol in June 2022, five months ahead of schedule. Blending levels have since increased to 12.06 per cent in 2022-23, 14.60 per cent in 2023-24, and 19.05 per cent as of 31 July 2024. Ethanol blending in July alone stood at 19.93 per cent.

The Minister said these achievements underline the government’s commitment to promoting clean and sustainable energy while reducing dependence on petroleum imports.

News source: News on Air

Union Minister for Petroleum and Natural Gas Hardeep Puri informed the Lok Sabha that the government has made significant progress in promoting biofuels as a sustainable alternative to petroleum products.He said the initiatives are being driven under the National Policy on Biofuels, with ethanol blending in petrol forming a key component of the Ethanol Blended Petrol (EBP) Programme.According to the Minister, the programme has provided multiple benefits, including expeditious payment of more than Rs 1.25 trillion to farmers from Ethanol Supply Year 2014-15 up to July 2024, and foreign exchange savings of over Rs 1.44 trillion.Public sector oil marketing companies had achieved the target of 10 per cent ethanol blending in petrol in June 2022, five months ahead of schedule. Blending levels have since increased to 12.06 per cent in 2022-23, 14.60 per cent in 2023-24, and 19.05 per cent as of 31 July 2024. Ethanol blending in July alone stood at 19.93 per cent.The Minister said these achievements underline the government’s commitment to promoting clean and sustainable energy while reducing dependence on petroleum imports.News source: News on Air

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement