Does India have the 2nd largest road network in the world?
Here are some truths…Pratap Padode, President, FIRST Construction Council unravels some disturbing facts…
Recently there was a lot of chest thumping around India having the second longest road network in the world. Union Minister Nitin Gadkari informed the Lok Sabha that India had the second largest road network in the world, with about 63.32 lakh km of roads as of March 2019. I dug further and found an update from the Ministry of Road Transport & Highways that India has about 66.71 lakh km of road network, which is the second largest in the world. True. But the categories..
RAHSTA Expo 2024 launched
“The Ministry of Road Transport & Highways has constructed 12,349 km of national highways in 2023-24 - the second highest achievement! In 2020-21 a record 13,327 kms were constructed, the highest so far. The experience of a well-constructed road is no accident but a badly constructed one can cause many,” said Pratap Padode, Founder, FIRST Construction Council (FCC), at the launch of a road show - 14th Roads and Highways Sustainable Technologies and Advancement [RAHSTA] Expo, which will be held from 9-10 October 2024 at Jio Convention Ce..
RAHSTA to showcase cutting-edge road construction tech, says NCC Director
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..
Consumer-Led Demand Shapes India's Oil Market
In India, the landscape of oil consumption is undergoing a paradigm shift. Rather than being solely dictated by industrial needs, the demand for oil is now predominantly driven by consumers. This shift signals a significant evolution in the nation's energy dynamics, with implications for both the economy and the environment.
Key factors contributing to this transformation include the rising affluence of India's middle class, urbanisation trends, and the increasing penetration of automobiles. As more households join the middle-income bracket, there is a corresponding surge in the owners..