India to launch first offshore mineral auction on November 28

Rs 15K Sq Km of Mahanadi Onshore Basin Being Scouted For Oil, Natural Gas

Oil India Limited is exploring around 15,000 sq km area on Mahanadi onshore basin to look for oil and natural gas. Speaking at an event here on Monday, Oil India chairman and managing director (CMD) Ranjit Rath said the exploration work is underway at the Mahanadi onshore basin and Odisha has the likelihood to immensely benefit out of it. Oil India also has other huge investments going on in the state, he added. This apart, Rath said they are also laying the longest crude oil pipeline in the country of which 200 km will pass through Odisha. “We are laying the pipeline as part of the proposed..

HPCL Signs Pact with NLDS For Integration Of API

Hindustan Petroleum Corporation Ltd (HPCL) has signed an agreement with NICDC arm to integrate its APIs with Unified Logistics Interface Platform (ULIP), an official statement said on Monday. National Industrial Corridor Development Corporation Ltd (NICDC) is the implementing agency of India's ambitious infrastructure programme to develop industrial cities. "This partnership is a significant step towards enhancing transparency, operational efficiency, and innovation in India's logistics sector," the commerce and industry ministry said. It said the HPCL API of ULIP provides fuel station and pri..

Centre Doesn’t Owe Any Mining Royalty Dues: Minister

The Union govt has denied that it owes Jharkhand around Rs 1.36 trillion in mining (coal) royalty, an issue the mineral-rich state has been raising since long. The statement of the Union finance ministry in the Lok Sabha on Monday could further strain relations between the Centre and the state, where the Hemant Soren-led INDIA bloc govt has been claiming that Jharkhand has been denied its bonafide due in lieu of mining coal by several public sector units. While responding to a query raised by Purnia (Bihar) MP Rajesh Ranjan (Pappu Yadav) in Lok Sabha, Union minister of state for finance Pankaj..