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Rs.33.83 Bn Earmarked for Haryana Railway Infrastructure
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
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Deep Industries wins Rs 14.02 billion ONGC contract for production boost
Deep Industries (DIL) has secured a contract worth Rs 14.02 billion from Oil and Natural Gas Corporation (ONGC) for production enhancement operations in its Rajahmundry Asset. This 15-year contract is the largest project awarded to the company, more than doubling its current order book, which was Rs 12.46 billion as of June 30, 2024. Paras Savla, Managing Director of Deep Industries, expressed the company's excitement over the achievement, noting that the expansion into Production Enhancement Contracts (PEC) strengthens their position in the evolving oil and gas services value chain. The con..
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Why Public EV Chargers Rarely Deliver the Promised Fast Speeds
For electric vehicle (EV) drivers traveling through Wyoming, the Smith's grocery store in Rock Springs serves as a convenient stop. Located just off I-80, it's close to a Petco and features six chargers, each advertised to provide 350 kilowatts of power. At that rate, a Tesla Model 3 could be fully charged in the time it takes to make a quick stop for the restroom and a snack. However, when the author arrived at the station last month, driving a Rivian R1S with one dog and two kids, the promise of 350 kW seemed out of reach. The Rivian SUV, which has a maximum charging capacity of 220 kW, wa..
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Oil Stabilises Before US Jobs Report
Oil prices maintained stability as investors awaited US employment data. Despite this, the commodity was set for a weekly loss, even with OPEC+ producers delaying supply increases. By 0958 GMT, Brent crude futures had increased by 37 cents, or 0.51 per cent, reaching $73.06 per barrel. U.S. West Texas Intermediate (WTI) crude futures were up by 33 cents, or 0.48 per cent, standing at $69.48. For the week, Brent was anticipated to record a decline of over 7 per cent, while WTI was on track for a drop of nearly 6 per cent. US non-farm payrolls data was scheduled for release at 1230 GMT. Given th..