Energy

The 10 synthetic gasifiers that make up the project are now finally commissioned. But the imported LNG they're meant to displace has fallen from about $15 per million British thermal units in 2012 to less than $5.

RIL shares were the top percentage gainer on the BSE benchmark in morning session.

Reliance Industries chairman and managing director Mukesh Ambani addressed shareholders at the conglomerate's 42nd annual general meeting on Monday.

GAIL shares jumped 2.79 per cent to Rs 125.30 apiece on the BSE after the earnings announcement by the state-run gas distribution company.

India, where fuel demand is expected to rise in the coming years, has turned into a lucrative market after the government removed controls on retail pricing of gasoline and gasoil.

The company said its total revenue rose 0.29 per cent to Rs 1,50,766.57 crore in the quarter ended June 30.

State-owned Aramco, the world's biggest oil producer, plans to boost investment in refining and petrochemicals

Natural gas output was 1.6 per cent lower at 2.64 billion cubic metres during the same period, the data showed

Reliance Industries earnings, Reliance Industries share price: Reliance Industries results: RIL shares finished 1.01 per cent lower at Rs 1,249 apiece on the BSE ahead of the earnings announcement by the company.

Union Minister Prahlad Joshi said a number of important steps have been taken to augment and monitor coal dispatches to power plants.

The government awarded 32 blocks in the latest two exploration licensing rounds called the open acreage licensing policy

The 1.2 million barrels per day refinery and associated petrochemical project is seen as a game changer - offering India steady fuel supplies and meeting Saudi Arabia and ADNOC's need to secure regular buyers for their oil.

The oil majors sanctioned development of two other projects in the last two years

The government's push towards electric vehicles to reduce dependence on imported oil was also not seen to bearing fruit in the near term

The company will also shut some secondary units at the Jamnagar refinery, which has a capacity of 660,000 bpd