ACE has always believed in introducing new models in the pursuit of innovation and customer interest. Recently, the company has expanded its product portfolio with the addition of next-generation innovative and intelligent cranes. The new […]
July Issue 2019
The year 2018-19 witnessed significant efforts by the government to drive investments in the oil and gas sector. It was marked by the government’s decision to hike natural gas prices for the fourth consecutive time […]
India’s energy consumption, which is the third highest in the world, is expected to grow at more than 4 per cent annually and will nearly triple to 607 million tonnes (mt) by the year 2040. […]
During the period 2014-19, India’s crude oil consumption witnessed an increasing trend. As per the latest data available from the Petroleum Planning and Analysis Cell (PPAC), the domestic consumption of petroleum products grew at a […]
The declining trend in the country’s crude oil production has continued with output falling by more than 4 per cent in 2018-19. Import dependence for crude oil to meet the rising energy needs increased to […]
The oil and gas industry worldwide has witnessed volatility over the past decade and has changed in four fundamental ways – domination of US oil production, uncertainty over the clout of the Organization of the Petroleum […]
The government is working towards transforming India into a gas-based economy and has set an ambitious target of raising the share of gas in the primary energy mix from 6 per cent in 2018 to […]
The demand for natural gas in India far exceeds domestic supply. To cater to the unmet demand, the country relies on imports of liquefied natural gas (LNG). The share of LNG in total natural gas […]
A watershed year in the country’s city gas distribution (CGD) segment, 2018-19 witnessed a large number of geographical areas (GAs) being awarded in Rounds 9 and 10 of bidding. Both the rounds received overwhelming response […]
In the past couple of years, the oil and gas sector has taken big steps towards information technology (IT) deployment. IT is increasingly being identified as a strategic tool for improving operational efficiency and minimising […]
In developing countries such as India, growth in the pump market has primarily been on account of agricultural and industrial growth. Pumps play a dominant role in sectors such as agriculture, water and wastewater management, […]
Introduced by the Central Board of Excise and Customs (CBEC), Ministry of Finance, in 2015, the direct port delivery (DPD) scheme is aimed at trade facilitation. Under the scheme, containers are moved directly from the […]
It was about 20 years ago that the Rajasthan public works department (PWD) conceived the idea of developing a ring road for the city of Jaipur. The project broke ground in 2011 and in March […]
Banks now have more leeway in dealing with defaulters with the Reserve Bank of India (RBI) coming out with a diluted version of its February 2018 circular on defaulting companies, which was struck down by […]
The government has recently laid out plans to enhance the country’s logistics competitiveness and reduce logistics costs substantially. Several new initiatives including the release of the Draft National Logistics Policy are being lauded as game […]
The country’s industrial sector constitutes a significant chunk of the pump market with applications across power plants, chemical manufacturing and water and wastewater treatment. The government’s efforts to improve infrastructure, water supply and sanitation services […]
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