BUSINESS
Enough supply to meet rising oxygen demand, but India needs at least 300 more cryogenic tankers
Transportation of liquid medical oxygen (LMO) was a major bottleneck that the government was facing due to the shortage of such tankers, to transport surplus oxygen from eastern India to other parts of the country.
BUSINESS
No immediate plan to set up oxygen manufacturing unit in Bhopal: Railways
A discussion between the Railways, the Petroleum and Explosives Safety Organisation and certain manufacturing plants was held over the supply and generation of industrial oxygen to West Central Railway’s Coach Rehabilitation Workshop in Bhopal. The talks were held to enquire about the technical and associated issues for future requirements, the Railways said.
BUSINESS
COVID-19: All you want to know about oxygen manufacturing in India
The government is concentrating hard on the three types of oxygen sources available - air separation units used for commercial purposes, pressure swing adsorption meant for producing on a medium scale and the oxygen concentrator, which is used to manufacture the nutrient at homes and small rooms
BUSINESS
After Oxygen Express, Railways to set up oxygen plant in Madhya Pradesh
State plans to have a 1,000-cylinder-per-day plant in Bhopal first. Eight more to come up in other parts of the state later. Railways can set up a plant in seven days. The current requirement of oxygen in Madhya Pradesh is 400 metric tonnes per day, while it produces only 65 MTPD.
BUSINESS
Kerala model: How India’s only oxygen surplus state is managing the crisis
Kerala has the distinction of being the only State with an oxygen surplus, so much so, that it has been sending supplies to Tamil Nadu, Goa and Karnataka as well. The State’s oxygen production is at 199 metric tonnes per day. Demand for Covid care in the State comes to 35 MTPD, while non-covid care requires around 45 MTPD.
BUSINESS
Steel industries turn out to be India's saviours amid oxygen short supply
Twenty-eight units located in major public and private sector steel plants are supplying around 1,500 metric tonnes of medical oxygen per day across the country, as per data by the Ministry of Steel
BUSINESS
Traffic jams caused by farmer protests delaying medical oxygen supply to Delhi hospitals
In several hospitals in the National Capital Region, oxygen stock exists only for a day. Liquid medical oxygen to a Paschim Vihar hospital from Inox Air Products plant in Modi Nagar was delayed by two hours on April 20. The company reportedly had to travel an additional 100 km because of the protests.
BUSINESS
Delhi oxygen crisis: High Court issues contempt notice to Inox
On April 19, the Delhi High Court court directed Inox not to divert supplies from Delhi to other places.
BUSINESS
India has enough oxygen production to meet existing demand: Siddharth Jain, director of Inox Air Products
Inox Air Products supply 50 percent of the oxygen requirement in the country, Siddharth Jain, director of Inox Air Products told Moneycontrol in an exclusive interview.
BUSINESS
Suppliers flag critical oxygen scarcity in Maharashtra, Gujarat, MP, urge judicious use
Hospitals in several states have barely one day’s stock of oxygen as demand has multiplied in recent weeks, putting the supply chain under severe stress. Suppliers have urged states to use the life-saving gas responsibly as supply is limited.
BUSINESS
Exclusive | Chinese hackers will continue to target Indian organisations, says Recorded Future
Targeting of organisations in the power, oil and gas sectors offers limited economic espionage opportunities. Their targeting most likely supports China’s national-level policy objectives. Hacker group RedEcho seems interested in targeting Indian Railways.
BUSINESS
Petrol, diesel consumption rises in March; ATF, LPG sales remain muted
On April 1, petrol rates were seen at Rs. 90.56 a litre and diesel at Rs 80.87 a litre in the National Capital Region.
BUSINESS
Coal India's production dips marginally by 1% in 2020-21, offtake too down 1.3%
Primarily, what affected CIL’s supplies was reduced coal lifting by the power sector and a steep 31 percent fall in road transport despite the company’s efforts to convert traffic from road to rail during the lockdown period.
BUSINESS
Indian Railways handles highest-ever freight in pandemic year, up 2% over last year
Despite COVID-19 hurdles, incremental loading of around 80 MT was achieved between August and March, surpassing last year’s freight loading numbers
BUSINESS
LPG price to see a drop of Rs 10 per cylinder from April 1
BUSINESS
Domestic natural gas price kept unchanged at $1.79 per mmBtu for April-September
However, gas produced from difficult fields was seen down by 11 percent for the period, as compared to October to March period.
BUSINESS
BPCL acquires Oman's 36.6% stake in Bina Refinery
The deal for buying Oman’s stake comes at a time when the government is looking to offload its entire stake in BPCL.
BUSINESS
Next round of city gas bidding to cover over 300 districts: Satpal Garg, member of PNGRB
Regulator mulling introduction of substitution rights to lenders within the first five years. It enables them to replace the concessionaire with a different entity, subject to the approval of the concessioning authority
BUSINESS
EXCLUSIVE | Suez Canal operations may restart today, ship to be fully floated in 5 hours
Around 18,829 ships passed through the canal carrying around 1.17 billion tonnes of cargo.
BUSINESS
MC Exclusive | Suez Canal container ship partly refloated, authorities line up plans to clear traffic jam, says letter
The mega container Ever Given got wedged on March 23 in a single-lane stretch of the canal near the city of Suez, about 6 kilometres north of the southern entrance of the canal.
BUSINESS
Exclusive | Two Indian-owned ships stuck in Suez Canal bottleneck, says industry body
As per estimates, cargo worth around $10 billion is expected to get stuck a day due to the logjam.
BUSINESS
Government allows OMCs to sell ethanol as standalone fuel
The new rule will be a huge boost for the sugar manufacturers in the country.
BUSINESS
Coal ministry offers 67 more blocks under new set of commercial auctions
Out of these, 37 are fully explored, meaning it could be brought to production immediately, and 30 partially. During the first round of auctions held last year, 19 mines received successful bids, out of the 38 on offer.
ECONOMY
Exclusive | Palm oil in return for rail line construction: India, Malaysia mull barter deal
Under the proposal, India would build a $1-billion railway project in the western side of Kuala Lumpur. India is seeing whether Malaysia can pay 70% of the cost in palm oil. This is not the first such deal between the two nations.
