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Sunil Bharti Mittal says now is the time to ‘double down’ on investing in India: 'Cut obsession with gold imports'
Amid soaring global crude oil prices and an energy crisis fuelled by the ongoing US-Iran conflict, Sunil Bharti Mittal, also advocated the use of renewable energy.
Beyond Gold And Oil: Sunil Mittal Calls For Shift To Renewables As Middle East Crisis Deepens
Sunil Mittal, Bharti Enterprises
Government pushes faster PNG rollout amid Gulf crisis
India is pushing for more piped gas connections. Oil Secretary Neeraj Mittal has asked city gas companies to speed up adding household connections. This comes as the government eases rules for infrastructure. The move aims to reduce reliance on imported fuel. Recent global events highlighted vulnerabilities in current supply chains.
HMEL to invest Rs 2,600 cr in speciality, fine chemicals sector in Punjab: LN Mittal
HPCL-Mittal Energy Limited (HMEL) announced a Rs 2,600 crore investment in Punjab's speciality and fine chemicals sector. Additionally, HMEL plans to launch 500 new retail fuel outlets nationwide, equipped with modern technology. This expansion follows HMEL's significant Rs 60,000 crore investment in its Bathinda refinery, Punjab's sole oil refinery.
Qatar LNG disruption: JM Financial explains impact on Petronet, GAIL, Gujarat Gas
A disruption at Qatar’s LNG plant, which supplies nearly 40–50% of India’s LNG imports, could create a short-term supply shock for the domestic gas market, according to JM Financial analyst Dayanand Mittal. Petronet LNG may face the biggest impact as about half its volumes come from Qatar, while companies such as Gujarat Gas and GAIL could also see pressure due to higher spot LNG prices and lower transmission volumes. The disruption may last about a month, potentially affecting earnings and gas supply across the sector.
Explained — How RIL, MRPL, Chennai Petro may benefit from China's latest move
All the refiners including oil marketing companies (OMCs), all gain in their refining business because of this jump in diesel, according to Dayanand Mittal of JM Financial.