 "Oil India Limited aims to drill 75 wells this year, expanding production as it navigates challenges in a volatile market.")
Oil India Limited (OIL) aims to drill over 75 wells this financial year as part of its ambitious drilling program, following a growth trend in the past years. The company reported a 6% net growth in crude oil and natural gas production despite a natural decline in existing sources. OIL targets an annual output of ...
 "Vedanta targets EV market growth in Asia by ramping up nickel production, crucial for India’s trillion export goal by 2030.")
Vedanta, a prominent Indian conglomerate, is set to boost its nickel and nickel sulphate production to meet the growing demand for electric vehicle (EV) battery materials in Northeast Asia. The company recently announced plans to enhance its capacity, emphasizing the role of nickel sulphate in battery manufacturing. While India’s EV Market is still developing, Vedanta ...
 "In a dramatic plea, Tamil Nadu CM MK Stalin urges Ford to revive production and strengthen ties during his U.S. visit.")
Tamil Nadu Chief Minister M K Stalin is currently on a visit to the US, where he met with Ford Motor officials in Chicago. During their discussions on September 10, 2024, Stalin urged Ford to renew its ties with Tamil Nadu and consider reviving car manufacturing while expanding their global technology and business center in ...
 "NLC India seeks to accelerate mining at Machhakata coal block, aiming for a major boost in its production capacity by 2030.")
NLC India Ltd, a state-owned company, is planning to begin mining at the Machhakata coal block in Odisha ahead of schedule. This block, the largest among NLCIL’s mining projects, holds 1.4 billion tonnes of coal reserves and a capacity of 30 million tonnes per annum. NLCIL successfully bid for the Machhakata coal block in a ...
 "Maharashtra approves a billion semiconductor plant by Adani and Tower, promising 5,000 jobs and boosting India’s chip production capacity.")
Maharashtra’s government has approved a major semiconductor fabrication unit to be built in Panvel, Mumbai, through a collaboration between the Adani Group and Israel’s Tower Semiconductor. This project, involving an investment of approximately Rs 83,947 crore ($10 billion), aims to produce 80,000 semiconductor wafers monthly in two phases. The first phase will invest Rs 58,763 ...
 "Trade Minister Piyush Goyal advocates for a border adjustment tax to protect India’s steel industry from predatory imports and boost production.")
Trade Minister Piyush Goyal recently proposed a border adjustment tax (BAT) to protect India’s steel industry from cheap imports. Speaking at a steel conclave, he emphasized the need for this tax to level the playing field, as Indian producers face higher costs due to local taxes. However, some experts suggest that BAT might only slightly ...
The National Dairy Research Institute (NDRI) in Karnal has made a significant breakthrough in dairy farming by developing a gene-edited embryo using CRISPR technology. This innovation aims to enhance milk production’s resilience against climate change, ensuring steady supplies even in extreme weather. The next step involves implanting the edited embryo into a female buffalo for ...
 "Reliance Triumphs in EV Battery Production Bid, Boosting India’s Green Future")
Reliance Industries has won a bid to produce electric vehicle (EV) batteries under India’s production-linked incentive scheme. The government announced this on September 4, 2024. Reliance can manufacture up to 10 gigawatts of advanced chemistry cells (ACCs), which are essential for EVs. They outperformed six competitors, including Amara Raja Energy and JSW Energy. This initiative ...
Today’s Current Affairs: Apple iPhone 16 and iPhone 16 Pro Display Production Set to Begin Next Month The tech world is abuzz with news that the displays for the Apple iPhone 16 and iPhone 16 Pro models are gearing up for production starting next month. As analysts try to decipher leaks and make predictions about ...
