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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102207) | |
22531. GAIL starts India's maiden project of blending hydrogen into CGD network
- GAIL (India) Limited has commenced India's first-of-it's-kind project of mixing hydrogen into natural gas system at Indore, Madhya Pradesh. The hydrogen blended natural gas will be supplied to Avantika Gas Limited, one of GAIL's Joint Venture (JV) company with HPCL, operating in Indore.
- GAIL has started hydrogen blending as a pilot project to establish the techno-commercial feasibility of blending hydrogen in City Gas Distribution (CGD) network. This project marks the stepping stone of India's journey towards hydrogen based and carbon neutral future.
- GAIL started injection of grey hydrogen at City Gate Station (CGS), Indore. This grey hydrogen would subsequently be replaced by green hydrogen. GAIL has already obtained necessary regulatory permissions to commence the project. GAIL has also engaged domain experts to carry out the impact assessment of blending of hydro gen in natural gas.
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22532. Isro gears for first launch of 2022, RISAT-1A to liftoff in February
- The Indian Space & Research (Isro) is gearing up for its first launch of 2022 during Valentine's Day week.
- The space agency is set to launch the Earth Observation Satellite, also called the RISAT-1A onboard the Polar Satellite Launch Vehicles as it gears up to find the lost rhythm due to Covid-19.
- Isro is planning to launch the satellite onboard its workhorse PSLV-C52 to Low Earth Orbit (LEO), likely between February 14-17. The final date for the launch is yet to be announced. Several missions led by Isro had been delayed in the last two years due to the coronavirus pandemic and the successive lockdowns that followed.
22533. SBI, Tata Power launch 'Surya Shakti Cell' for financing solar projects
- India’s largest lender State Bank of India (SBI) has launched a dedicated centralised processing cell - ‘Surya Shakti Cell’ after entering into an agreement with Tata Power Solar Systems Ltd (a Tata Power Company).
- SBI aims to offer an end-to-end platform for digital and hassle-free loan applicants for financing Solar projects. The bank, with this digital initiative, plans to provide a complete solution at competitive rates for Solar projects.
- The Surya Shakti Cell, which is set up in the Mumbai’s Ballard Estate, will process all the loan applications for Solar Projects (capacity up to 1 MW) from across the country, for business entities as well as household installation.
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22534. Indore first city to get H-CNG service commercially
- Indore has become the country’s first city to get hydrogen-blended CNG – called H-CNG – service, with state-run GAIL starting a project for selling the fuel from outlets run by its city gas joint venture, Avantika Gas Ltd.
- H-CNG is a cleaner-burning fuel than CNG and its use further reduces vehicular emission, which further helps address air pollution in cities. H-CNG is also a key component of the National Hydrogen Mission.
- H-CNG is a cleaner-burning fuel than CNG and its use further reduces vehicular emission, which further helps address air pollution in cities. H-CNG is also a key component of the National Hydrogen Mission.
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22535. Adani Total to invest Rs 12,000 crore on 14 geographical areas
- Adani Total Gas (ATGL), a joint venture between Adani Group and TotalEnergies of France, plans to invest Rs 12,000 crore on expanding the city gas distribution (CGD) network in 14 new geographical areas, won under the 11th round of bidding for CGD.
- the 52 geographical areas account for 15% of the country covering 124 districts across 18 states and 3 union territories, the company said.
- The government plans to increase natural gas share in the total energy basket to 15% from 6% at present by 2030. The 11th round of CGD bids were invited in September 2021 for 65 geographical areas spread across 215 districts in 19 states, and covers 26% of India’s population.
22536. IOC profit increases 19% to Rs 5,861 crore
- Indian Oil Corporation (IOCL) reported a net profit of Rs 5,860.8 crore on a standalone basis for the quarter ended December 31, recording a 19.2% rise from the same period a year ago.
- The rise in profit was also supported by the company’s tax expenses falling 43.8% annually to Rs 1,618.8 crore in the quarter.
- The refining throughput was 17.4 mt and the throughput of the corporation’s countrywide pipelines network was 21.8 mt during the quarter
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22537. Biogas plants will provide avenue of revenue creation for farmers in Uttar Pradesh: PM Modi
- Prime Minister Narendra Modi while addressing a virtual rally of BJP for Uttar Pradesh Assembly elections said that biogas plants will provide avenue of revenue creation for farmers
- The biogas plants being set up in Uttar Pradesh will not only help tackle the problem of stray cattle but also provide a new avenue of revenue creation for farmers
- The biogas plants being set up in Uttar Pradesh will not only help tackle the problem of stray cattle but also provide a new avenue of revenue creation for farmers
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22538. Delhi Metro station to get multi-parking facility for accommodation of over 3,000 cars
- The Delhi Metro Rail Corporation (DMRC) and the North Delhi Municipal Corporation have come together to develop a fully facilitated, integrated metro station with a multi-level above ground parking facility at Delhi Metro Nabi Karim interchange station.
- The project facility on which the work is likely to be initiated soon will be able to accommodate more than 3,000 cars.
- in the total land area of 25,000 square meters, the metro station will have four underground levels, nine floors on the surface of the building, including six-parking for cars and a commercial complex with three building layers.
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22539. BPCL Q3 results: Net profit up 47% at Rs 2,805 cr, interim dividend declared
- Government-owned oil and gas corporation Bharat Petroleum Company Limited (BPCL) on Monday reported a 47 per cent jump in consolidated net profit at Rs 2,805.09 crore for the quarter ended December 2021.
- The company had posted a net profit of Rs 1,901 crore in the year-ago period.
- The total revenue from operations increased 34.83 per cent to Rs 1,17,702.59 crore, against Rs 87,292.62 crore in the same quarter last year.
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22540. AC approves establishment of modern cold storage in Jammu
- The Administrative Council (AC), which met here under the chairmanship of Lieutenant Governor, Manoj Sinha, has approved establishment of 5000 MT Multi Chambered Modern Cold Storage and Ripening Project for storing fresh fruits & vegetables, by J&K State Agro Industries Development Corporation Ltd.
- The project will be first of its kind cold storage facility for fresh fruits and vegetables in Jammu district and will be constructed at an estimated cost of Rs. 2646.73 lakh at Talab Tiloo, Jammu in next eight months.
- It will reduce the post-harvest losses by increasing the shelf life of various agriculture/horticulture products, besides addressing the issue of distress sales of the crops by the farmers.