Ready to import oil from any country not under sanctions

India will buy crude oil from Venezuela as a number of Indian refineries are equipped to process heavy crudes, Petroleum Minister Hardeep Singh Puri said. With the United States (US) easing sanctions on Caracas in October, India’s imports of Venezuelan oil are set to resume after three years. The minister said that as a major

RIL prepares roadmap for $1/kg green hydrogen production target

Nearly three years after Reliance Industries (RIL) announced its target to bring down the cost of green hydrogen production to $1 per kilogram in India, its chairman Mukesh Ambani on August 28 said the company has now chalked out a roadmap towards achieving the target. In September, 2021, Ambani, while addressing the International Climate Summit,

RIL to invest Rs1.5 tn in production of green energy

Amid the increasing push for sustainable global practices among large industrial houses, billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) said it is committed to double its investment target for green energy to Rs1.5 trillion, as part of the company’s initiatives to expand its renewable energy portfolio. RIL is planning to commence the transition from grey

RIL to restructure, repurpose gasification assets

Mukesh Ambani-led Reliance Industries (RIL) informed in an exchange filing that the company will restructure and repurpose gasification assets as the board of RIL has decided to implement a Scheme of Arrangement to transfer Gasification Undertaking into a Wholly-Owned Subsidiary. The board has accordingly approved a Scheme to transfer the Gasification Undertaking as a going