BP Ventures into Green Hydrogen Production in Strategic Expansion

IOCL, BPCL, HPCL report Rs 810 bn profit in FY24

The state-owned fuel retailers Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation Ltd announced substantial profits totalling around Rs 810 billion in FY24, significantly surpassing their earnings in years prior to the oil crisis. According to regulatory filings, their combined standalone net profit from April 2023 to March 2024 (FY24) exceeded their annual earnings of Rs 393.56 billion in pre-oil crisis years.

It was reported by them that all three companies achieved their highest-ever standalone as well as consolidated net profit in FY24.

Noida Airport & BPCL to Lay Dedicated ATF Pipeline

Noida International Airport (NIA) and Bharat Petroleum Corporation Ltd (BPCL) have inked a pivotal agreement to establish a dedicated aviation turbine fuel (ATF) pipeline. This pipeline, stretching over 34 kilometers with a segment extending 1.2 kilometers within the airport premises, is poised to revolutionize fuel transportation logistics for the under-construction airport.

Once operational, this dedicated ATF pipeline will function on a common/contract carrier basis, ensuring a seamless flow of fuel transportation to the airport, according to a joint statement released by the entitie..

Affordable Flights Empower Underprivileged Communities

In a transformative move towards inclusivity, an aviation company has launched low-cost flight services aimed at serving the bottom of the pyramid (BPL) population. Recognizing the significance of affordable air travel in fostering connectivity and socioeconomic empowerment, this initiative heralds a new era of accessibility in the aviation sector. By offering economical flight options, the company seeks to break down barriers and make air travel a reality for those who were previously excluded due to financial constraints.

This pioneering endeavour aligns with broader efforts to democ..

Jindal Steel & Power's Q4 Profit After Tax Doubles to Rs 9.33 Bn

Jindal Steel & Power Limited (JSPL) has reported a remarkable achievement in its financial performance for the fourth quarter, with its profit after tax (PAT) doubling to Rs 9.33 billion. This significant growth underscores the company's robust operational performance and strategic initiatives, reflecting its resilience and adaptability in the competitive steel and power sectors.

The doubled PAT for the fourth quarter is a testament to JSPL's effective management strategies and operational efficiency. It signifies the successful execution of the company's growth plans and its ability t..

Impending Solar Storm Threatens Earth

The global scientific community is abuzz with the news of an impending severe geomagnetic storm predicted to hit Earth late Friday night, on May 10. A series of solar flares and coronal mass ejections (CMEs) that began on May 8 are expected to trigger northern auroras and possibly disrupt satellite communications, electric power grid, and even trigger GPS problems.

Astronomers around the world pointed their telescopes at the sun on Friday, marveling at the abnormally large sunspots ever seen on the surface of the local star. The unusual solar activity gave rise to many theories and spe..