Govt announces mandatory blending of compressed bio-gas in CNG, PNG
CBG Blending Obligation (CBO) will promote the production and consumption of compressed bio-gas in the country, says Hardeep Singh Puri.
CBG Blending Obligation (CBO) will promote the production and consumption of compressed bio-gas in the country, says Hardeep Singh Puri.
For Q2 FY24, ATGL reported 8% YoY rise in consolidated net profit at ₹173 crore, while revenue from operations dropped 1% to ₹1,179 crore.
For FY23, the profit grew 7% to ₹546 crore, while revenue from operations jumped 46% to ₹4,683 crore, driven by higher volume and increase in sales price.
In terms of sales of diesel vehicles, the rating agency says that the stricter emission norms and the narrowing price gap between petrol and diesel has reduced the viability of diesel vehicles.
While Suzuki has earmarked ¥2 trillion for electrification-related investments, it has plans on using biogas for its CNG models that account for about 70% of the CNG car market in India
India is investing $40 billion in gas pipelines, LNG terminals and exploration & production to meet net-zero emission goal by 2070.
The oil ministry has ordered the diversion of natural gas from industries to the city gas distribution to cool down the CNG and piped cooking gas prices
Bhargava believes India’s EV adoption will further gatekeep car ownership. Until geographical and economical fundamentals don't shift favourably, he believes CNG is a more democratising fuel source
HPCL CMD Mukesh Kumar Surana on how the company is preparing to maintain growth trajectory while navigating the energy transition.
A study by the institute says the number of natural gas vehicles in India is expected to shoot up to 33 million by 2030 from 3.3 million in 2019—a 900% rise.