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The beginning of production at what is now Asia’s deepest offshore natural gas field will increase the share of natural gas India’s energy basket.
India set to strengthen natural gas production
A few days ago,
Reliance Industries Limited (RIL) and
BP announced the start of production from the R Cluster, ultra-deepwater gas field in block KG D6 off the east coast of India. RIL and BP are developing three deepwater gas projects in block KG D6: R Cluster, Satellites Cluster and MJ –
Together, RIL said it expects the projects to meet over 15% of India’s natural gas demand by 2023.
Reliance plans world s largest zoo, facility set to come up in Gujarat s Jamnagar Updated Dec 23, 2020 | 19:06 IST
The name of the zoo will be Greens Zoological, Rescue & Rehabilitation Kingdom. The zoo, when functional, will bring in a lot of tourism, apart from helping some rescued animals thrive under the finest care. Reliance plans world s largest zoo in Gujarat | Photo Credit: iStock Images
Key Highlights Reliance Industries is soon going to build the world s largest zoo in Gujarat Jamnagar.
The zoo will be built on 280 acres, In which more than 300 species of animals will live.
A pet project of Anant Ambani, the youngest son of RIL chairman Mukesh Ambani will possibly put Gujarat on the map of the world s biggest zoos.
Commissioned India s first ultra-deepwater gas project
First in trio of projects that is expected to meet ~15% of India’s gas demand and account for ~25% of domestic production
Reliance Industries Limited (RIL) and bp today announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India.
RIL and bp are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet ~15% of India’s gas demand by 2023. These projects will utilise the existing hub infrastructure in KG D6 block. RIL is the operator of KG D6 with a 66.67% participating interest and bp holds a 33.33% participating interest.
The
calendar year 2020 (CY20) for the markets has confirmed the old adage of stock markets – expect the unexpected . Though Covid-19 had begun to raise its head at the beginning of the year, it was expected to be a regional issue with the rest of the world remaining largely unaffected. The markets were steadily moving up in the last few weeks of 2019 and it was expected that momentum would continue in the New Year with reforms gathering pace in the second term of the Modi Government. Covid-19, however, induced crack in March 2020 took many by surprise and was seen as a sure death for those affected by it.
Markets trade flat after weak opening, Sensex briefly crosses 47,000
Markets trade flat after weak opening, Sensex briefly crosses 47,000
Sensex and Nifty are trading flat after a weak opening on Monday. Domestic benchmark markets may snap six sessions of gain as global markets turn damp after the discovery of a new more infectious Covid-19 strain in the UK.
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UPDATED: December 21, 2020 10:48 IST
Some of the biggest losers in morning trade were PSU banks, with Nifty PSU Bank Index falling over two per cent. (Photo: Reuters)
Domestic market indices were trading flat on Monday after initially opening in the red. Both S&P BSE Sensex and NSE Nifty 50 fell due to weakness in banking stocks and damp global cues. But the losses were capped by a rise in Reliance Industries Limited (RIL).