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Govt looks at exit option while BPCL seeks open offer exemption
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Welcome To IANS Live - BUSINESS - Govt looks exit option while BPCL seeks open offer exemption
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Utilties stocks were trading in green, with the S&P BSE Utilities index increasing 38.39 points or 1.57% at 2477.92 at 09:49 IST. Among the components of the S&P BSE Utilities index, Reliance Infrastructure Ltd (up 5.31%), Reliance Power Ltd (up 4.93%),Jaiprakash Power Ventures Ltd (up 4.79%),Adani Transmission Ltd (up 3.8%),PTC India Ltd (up 3.72%), were the top gainers. Among the other gainers were Mahanagar Gas Ltd (up 3.19%), Va Tech Wabag Ltd (up 2.33%), GE T&D India Ltd (up 2.08%), BF Utilities Ltd (up 1.6%), and Indraprastha Gas Ltd (up 1.46%). On the other hand, Indian Energy Exchange Ltd (down 0.71%), turned lower.
At 09:49 IST, the S&P BSE Sensex was up 141.09 or 0.28% at 50792.99.
Basics
Carbon capture, utilisation and storage (CCUS) may be defined as the capture, use, and secure storage of carbon that would otherwise be emitted into or remain in the atmosphere. The rationale for carbon capture and storage is to enable the use of fossil fuels while reducing the emissions of carbon dioxide (CO2) into the atmosphere, and thereby, mitigating global climate change. The storage period for CO2 exceeds the estimated peak periods of fossil fuel exploitation, so that if CO2 re-emerges into the atmosphere, it will occur after the predicted peak in atmospheric CO2 concentrations. Removing CO2 from the atmosphere by increasing its uptake in soils and vegetation (e.g., afforestation) or in the ocean (e.g., iron fertilization), is also a form of carbon sequestration through natural sinks.
Oil and Gas stocks were trading with losses, with the S&P BSE Oil&Gas index falling 174.35 points or 1.09% at 15766.62 at 13:49 IST. Among the components of the S&P BSE Oil&Gas index, GAIL (India) Ltd (down 3.24%), Petronet LNG Ltd (down 2.07%),Oil & Natural Gas Corpn Ltd (down 2%),Hindustan Petroleum Corporation Ltd (down 1.93%),Indraprastha Gas Ltd (down 1.88%), were the top losers. Among the other losers were Indian Oil Corporation Ltd (down 1.77%), and Gujarat State Petronet Ltd (down 0.42%). On the other hand, Bharat Petroleum Corporation Ltd (up 1.47%), Castrol India Ltd (up 0.04%), and Reliance Industries Ltd (up 0.03%) moved up.
At 13:49 IST, the S&P BSE Sensex was down 28.81 or 0.06% at 49873.83.
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