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Vedanta plans to invest over ₹1 lakh crore in Rajasthan, with significant contributions from Hindustan Zinc and Cairn Oil & Gas aimed at boosting zinc, silver, and oil production, while Serentica Renewables will develop renewable power capacity. This investment is expected to create over 2 lakh jobs and support local industries. Meanwhile, ONGC is collaborating with ISRO to track methane leaks using satellites and aims for net-zero emissions by 2038, while the Oil Ministry seeks to restructure for future energy challenges.

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12 views

Scrub103

Vedanta plans to invest over ₹1 lakh crore in Rajasthan, with significant contributions from Hindustan Zinc and Cairn Oil & Gas aimed at boosting zinc, silver, and oil production, while Serentica Renewables will develop renewable power capacity. This investment is expected to create over 2 lakh jobs and support local industries. Meanwhile, ONGC is collaborating with ISRO to track methane leaks using satellites and aims for net-zero emissions by 2038, while the Oil Ministry seeks to restructure for future energy challenges.

Uploaded by

vigneshvikki997
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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VEDANTA TO INVEST OVER RS 1 LAKH CR IN

RAJASTHAN
Vedanta will invest over ₹1 lakh
crore in Rajasthan, with
Hindustan Zinc and Cairn Oil &
Gas investing ₹65,000 crore to
boost zinc, silver, and oil
production.
Serentica Renewables, a Vedanta Group entity, will
invest ₹50,000 crore to develop 10,000 MW of
renewable power capacity.
These investments will create over 2 lakh jobs,
develop 500+ downstream industries, and support
import substitution in Rajasthan.
https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/vedanta-to-invest-over-rs-1-lakh-cr-in-
rajasthan/articleshow/114378679.cms

OIL & GAS COMPANIES TAKE THE SHINE ONGC TARGETS NET-ZERO EMISSIONS
OUT OF INDIA INC'S Q2 SHOW BY 2038
Revenue rose 7.2% year-on- ONGC’s four-part strategy
year, with net profit growth at includes diversifying into
2.5% and operating margin renewable energy, enhancing
down to 20.9%. Excluding oil existing operations, adopting
and gas, revenue growth was digital tools, and expanding in
10% and net profit growth 6.7%. petrochemicals.
Reliance Industries’ revenue was flat, net profit
The company aims to achieve net-zero emissions by
dropped 3%, while MRPL’s revenue grew 26% but
2038.
reported a net loss.
A significant capital infusion will help reduce OPaL’s
https://economictimes.indiatimes.com/markets/stocks/earnings/oil-gas-companies-
take-the-shine-out-of-india-incs-q2-show/articleshow/114409059.cms
debt and support ONGC’s ambitious growth plans
https://economictimes.indiatimes.com/industry/energy/oil-gas/ongc-will-now-have-a-four-pronged-strategy-for-

ONGC, ISRO IN TALKS TO USE SATELLITES


growth-says-director-arunangshu-sarkar/articleshow/113992123.cms

TO TRACK METHANE LEAK


OPEC TRIMS 2024 OIL DEMAND GROWTH
ONGC is collaborating with ISRO
FORECAST TO 1.93 MILLION BPD
to use satellites to detect
methane leaks more accurately OPEC (Organization of the
and affordably, aiming to reduce Petroleum Exporting Countries) cut
emissions by 50% by 2027 and its 2024 global oil demand growth
80% by 2030 compared to 2020 forecast to 1.93 million barrels per
levels. day (bpd), down from 2.03 million
ONGC’s current methane emission estimates, based bpd, marking the third consecutive
on IPCC guidelines, are 4-6% of total carbon downward revision.
emissions. The plan includes using ISRO’s satellites
China’s demand growth forecast was reduced to
and Total’s AUSEA drone technology for more precise
580,000 bpd from 650,000 bpd due to economic
data.
challenges and a shift towards cleaner fuels.
ONGC’s methane emission tracking will improve with OPEC also lowered its 2025 global demand growth
data from Methane Sat, providing detailed emission estimate to 1.64 million bpd from 1.74 million bpd
concentration and leakage rates, starting next year.
https://economictimes.indiatimes.com/markets/commodities/news/opec-trims-2024-oil-
https://economictimes.indiatimes.com/industry/energy/oil-gas/ongc-isro-in-talks-to-use-satellites-to- demand-growth-forecast-to-1-93-million-bpd/articleshow/114218166.cms
track-methane-leak/articleshow/114022290.cms

OIL MINISTRY SEEKS TO REFORM ITSELF TO ADDRESS FUTURE ENERGY


CHALLENGES
The Ministry of Petroleum and Natural Gas (MoPNG) aims to restructure and
enhance its policy-making effectiveness for future energy challenges, targeting
2047 for strategic initiatives and addressing skill gaps.
A consultant will be appointed to help design a comprehensive restructuring plan,
envision MoPNG’s future roles, and recommend an operating model, including
process maps, metrics, and stakeholder interfaces.
https://economictimes.indiatimes.com/industry/energy/oil-gas/oil-ministry-seeks-to-reform-itself-to-address-future-energy-challenges/articleshow/114592303.cms

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