Photographer: Dhiraj Singh/Bloomberg
April 29, 2021
The government’s ambitious disinvestment schedule for FY22 may get delayed by a few months because of the second wave of the covid-19 pandemic, disinvestment secretary Tuhin Kanta Pandey indicated on Wednesday. Pandey, however, exuded confidence that the ₹1.75 trillion target is still achievable.
“Any divestment would mean that there are bidders on the other side and we have to listen to them as well. To some extent, the timing will be conditioned by the way they respond. In the last month or so, the pandemic has really come like a storm. We have to wait and see if the storm passes,” Pandey, who is in charge of the department of investment and public asset management (Dipam) and department of civil aviation, said at the third edition of the three-day Mint India Investment Summit 2021, which began on Wednesday.
Gas delivery boys asked to place refills at consumer door steps
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Oil firms advise distributors to follow the practice due to COVID-19 concerns
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Oil firms advise distributors to follow the practice due to COVID-19 concerns As COVID-19 numbers soar, gas delivery boys have begun depositing liquefied petroleum gas (LPG) cylinder refills at the door steps of customers. Officials at Indian Oil Corporation Ltd. (IOCL) said that they had asked their distributors to restart this practice, which had been introduced last year during the lockdown. “Unless the customer expressly asks that the cylinder be kept inside the house, the delivery personnel have to make the pre-delivery checks, including weighing, checking pin and O-ring, outside the premises,” said an official of IOCL.
UPDATED: April 27, 2021 21:12 IST People wait in line to refill empty medical oxygen cylinders for COVID-19 patients in Delhi, April 26 (PTI)
On March 23, 2020, when India headed into a nationwide lockdown, Kerala was producing only 149 metric tonnes (MT) of medical oxygen per day. It now produces 199 MT. This output is of course a fraction of, say, Delhi’s current daily requirement of 700 metric tonnes of oxygen per day when the surge in Covid cases has seen thousands of critically ill patients crowding hospitals needing medical oxygen. Yet, how Kerala carefully ramped up its oxygen supplies and now even sends excess supply to other states is a model others could emulate as they grapple with the second Covid wave.
Force majeure at OVL, BPCL s Mozambique LNG project
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The USD 20 billion liquefied natural gas project in Mozambique, where Indian firms hold a 30 per cent stake, has been suspended indefinitely after an escalation of violence in the area, according to a regulatory filing.
French energy giant Total SE, which is the project lead, declared force majeure on its LNG development in Mozambique, mothballing the investment, Bharat Petroleum Corporation Ltd (BPCL) said in a stock exchange filing Tuesday. Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, the Area 1 Operator, Total E&P Mozambique Area 1 Limitada, informed the withdrawal of all Mozambique LNG project personnel from the Afungi site. This situation leads Total E&P Mozambique Area 1 Limitada, as operator of Mozambique LNG project, to declare force majeure, it said.
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