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NEW DELHI: EET Fuels, the trading name of Essar Oil (UK, has secured fresh round of funding of $350 million through a combination of a new bank financing and upsizing of existing trade credit, the company said on Tuesday. The new facilities secured consists of a $150 million facility with African Export-Import Bank (Afreximbank), the Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. Upsizing of the previously reported $300 million tra ...Read More >
New Delhi, Jan 14 (PTI) EET Fuel, the trading name of Essar Oil (UK) Ltd, on Tuesday announced securing USD 350 million finance as investors reposed confidence in its decarbonisation strategy and market positioning. The firm secured USD 350 million through a combination of new financing by African Export-Import Bank (Afreximbank) and upsizing extension of existing crude facility, it said in a statement. Also Read | What Are QR Code Scams? How Can You Spot Fake QR Code and Be Safe From Scammers ...Read More >
New Delhi, Jan 14 (PTI) EET Fuel, the trading name of Essar Oil (UK) Ltd, on Tuesday announced securing USD 350 million finance as investors reposed confidence in its decarbonisation strategy and market positioning. The firm secured USD 350 million through a combination of new financing by African Export-Import Bank (Afreximbank) and upsizing extension of existing crude facility, it said in a statement. EET Fuels, which owns and operates the UK's Stanlow refinery, is investing USD 1.2 billion ...Read More >
New Delhi: As the US Treasury imposed sanctions on Russian oil producers last week, India, the world's third-largest oil importer and consumer, does not expect any disruption to Russian oil supply in the next two months as the US-sanctioned tankers are allowed to discharge crude until March, a top oil ministry official source said on Monday on condition of anonymity. When asked about the supply disruption after two months, the source said, "We are optimistic about the supply and India will allo ...Read More >
Shillong, Dec 15: Meghalaya has secured the second spot in the National Energy Conservation Award for its efforts in promoting energy efficiency, reducing energy consumption, and promoting sustainability. The award, presented by the Bureau of Energy Efficiency (BEE), Union Ministry of Power, recognised the Meghalaya Government's commitment towards protecting the environment through energy-saving initiatives. Vice President Jagdeep Dhankhar and Shripad Naik, Union Minister of State, Ministry of ...Read More >
Bengaluru, India (ots/PRNewswire) - Leveraging Infosys Cobalt and Infosys Topaz, the collaboration will help enterprises boost energy efficiency by up to 30-40% while meeting decarbonization goals Infosys (https://www.infosys.com/) (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced its collaboration with RheinEnergie (https://www.rheinenergie.com/de/) , a leading German energy service provider, to help enterprises dri ...Read More >
New Delhi, Dec 12 (PTI) Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday underlined the need to be cautious about energy transition and said that it should be done without compromising growth. "We need to do it carefully so that we do not throw the baby of economic growth out with bath water in the name of managing energy transition and tackling climate change. Without growth there are no resources to invest for climate change management," he said. While speaking at the Global Eco ...Read More >
NewsVoir New Delhi [India], December 4: The Leaders Session on the second day of 'The 6th RD20 Conference' brought together global policymakers, researchers, and thought leaders to discuss collaborative pathways for clean energy transitions. Hosted by The Energy and Resources Institute (TERI) in collaboration with the Ministry of New and Renewable Energy (MNRE), this is the first time the conference is being held outside Japan, highlighting India's leadership in global energy innovation. Organi ...Read More >
New Delhi [India], December 4 (ANI): Union Minister for Power and Housing and Urban Affairs, Manohar Lal Khattar on Wednesday chaired a meeting of the Parliamentary Consultative Committee of the Members of Parliament on the generation and demand of electricity under the National Electricity Plan, the Ministry of Power said in a release. During the meeting, Manohar Lal Khattar highlighted that power is a critical component in achieving the goal of a developed India by 2047. He noted that with th ...Read More >
Ahmedabad (Gujarat) [India], December 2 (ANI): Ambuja Cements has taken a step toward achieving its Net Zero goals. The company has partnered with Finland-based technology leader Coolbrook to implement its proprietary RotoDynamic Heater (RDH) technology. According to the exchange filing, this cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company's dependence on fossil fuels and lower its carbon emissions, aligning with its sustainabili ...Read More >
Investing.com -- Bank of America (BofA) analysts forecast a volatile metals and minerals market heading into 2025, influenced by potential trade policies, supply constraints, and demand shifts. In turn it has projected prices for aluminium and copper to decline by 6% and 12%, respectively, with 2025 forecasts set at $2,813 per tonne and $9,438 per tonne. A possible trade dispute with China could exacerbate market pressures, but structural demand from energy transition investments may provide su ...Read More >
New Delhi: India and the UK have the potential to further collaborate in the fields like artificial intelligence (AI), tele-medicine, climate modelling and agri-tech to improve the lives of millions of people in both the countries, Union Commerce and Industry Minister, Piyush Goyal, said on Wednesday. Addressing an event by the UK India Business Council (UKIBC) in the national capital, the minister highlighted range of areas where the bilateral partnership can drive not just economic growth and ...Read More >
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