Dharmendra Debendra Pradhan, Union Minister of Petroleum and Natural Gas & Steel held a discussion with Alexander Novak, Minister of Energy of Russia through video conferencing on the global energy scenario as well as reviewed bilateral cooperation in oil & gas sector and coking coal.

Siemens will install state-of-the-art Remote Diagnostic Services (RDS) for GAIL (India) covering gas turbines installed across Hazira-Vijaipur-Jagdishpur (HVJ) pipeline and Vijaipur C2/C3 Plant.

Rajdhani Express will make a halt in Dhenkanal railway station, Rs 130 billion will be invested for the revival of the Talcher fertiliser plant in Angul district and city gas scheme will be rolled out in 13 districts,

In order to boost its capacity by 50 per cent in the coming three years, GAIL India plans on adding 5,500 km gas pipeline.

Provision of revenue expenditure/subsidy for sensitive petroleum products of ~Rs 217 billion for FY2019 and 2018v19 (BE), excluding allocation of new LPG connections to poor families.

Bloomberg announced today that a growing number of India's public sector corporations are adopting Bloomberg's Foreign Exchange electronic trading platform (FXGO) for foreign exchange dealing. The corporations include Gas Authority of India Ltd (GAIL), Rural Electrification Corporation Limited (REC) and ONGC Videsh Ltd (OVL).

With a disinvestment target of raising Rs.72,000 crore this fiscal, the government is all set to rule Dalal Street with Rs.18,000 crore worth of Initial Public Offerings (IPOs).

GAIL has posted a 46 per cent rise in third-quarter profit aided by a boost in the petrochemicals business. Profits rose to Rs 983 crore in the October-December quarter from Rs 676 crore a year ago. Sales fell 9 per cent to Rs 12,294 crore on a drop in natural gas sales. The revenue from natural gas marketing dropped by 20 per cent to Rs 9,414 crore and profit fell 38 per cent to Rs 300 crore in the quarter.

HPCL and GAIL India Ltd have signed a pact with Andhra Government for setting up a Rs 40,000 crore petrochemical plant in the state. The 50:50 joint venture will set up a 1.5 MT ethylene derivatives plant, which will produce a wide range of petrochemical raw materials for the manufacture of detergents, paints and coatings, cosmetics, textiles and adhesives.