Sumit Kishore News Today

Axis Capital upgraded IEX to add from sell, raising the target price to Rs 170, citing improved growth prospects for exchanges. With expectations of rising electricity and gas volumes, IEX anticipates robust earnings growth in FY25.

India Eyes Gas Storage In Depleted Wells For Strategic Reserves

India is looking at building its first strategic natural gas reserves by using old, depleted hydrocarbon wells to store the fuel and hedge against global supply disruption, a senior executive of... -November 24, 2023 at 04:22 am EST - MarketScreener

The strategic facilities would be built in phases in the western and northeastern regions with an initial capacity to store three to four billion cubic meters (bcm) of gas, Sumit Kishore, an executive director at GAIL, said.

The strategic facilities would be built in phases in Indias western and northeastern regions with an initial capacity to store three to four billion cubic meters (bcm) of gas, Sumit Kishore, an executive director at GAIL, told reporters at an industry event.

India is looking at building its first strategic natural gas reserves by using old, depleted hydrocarbon wells to store the fuel and hedge against global supply disruption, a senior executive of GAIL said.