
ONGC''s R&D arm inks pact with Engineers India to set up Helium Recovery Demonstration plant
ONGC Energy Centre Trust
, the research and development wing of the Oil and Natural Gas Corporation Ltd, on Tuesday said it has signed an agreement with
Engineers India Ltd
, to set up a Helium Recovery Demonstration Plant in Tamil Nadu.
The agreement, valued at ₹39.42 crore plus applicable Goods and Services Tax, refers to the establishment of the plant at the Kuthalam Gas Collection Station of ONGC in Cauvery Asset, Nagapattinam district, Tamil Nadu.
"This project, based on the technology package developed by Council of Scientific and Industrial Research-Indian Institute of Petroleum, seeks to recover
Grade-A Helium
of 99.995 per cent purity from natural gas", a press release from ONGC said on Tuesday.
Helium is a critical resource with applications in space exploration, semiconductor manufacturing, cryogenics, fibre optics, and it has been presently imported to meet India's requirements.
Establishing an indigenous capability in Helium recovery is therefore of strategic importance for the country's technological advancement and energy security.
The proposed Helium Recovery Demonstration Plant represents a significant milestone in the journey of ONGC towards building indigenous capabilities in high-value gases.
The demonstration plant would process 750 Nm3/hr of natural gas and is designed with flexibility to operate at 110 per cent of the design capacity. The project is scheduled for completion within 18 months.
The initiative strengthens the Centre's vision of '
Atmanirbhar Bharat
' (Self-reliant India) while contributing to India's long-term energy and technology security. Following the collaboration, ONGC Energy Centre Trust and Engineers India Ltd would combine their expertise to execute a first-of-its-kind project in India, by integrating cutting-edge research with practical industrial application, the release said. PTI
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
a day ago
- Time of India
ONGC's R&D arm inks pact with Engineers India to set up Helium Recovery Demonstration plant
ONGC Energy Centre Trust , the research and development wing of the Oil and Natural Gas Corporation Ltd, on Tuesday said it has signed an agreement with Engineers India Ltd , to set up a Helium Recovery Demonstration Plant in Tamil Nadu. The agreement, valued at Rs 39.42 crore plus applicable Goods and Services Tax, refers to the establishment of the plant at the Kuthalam Gas Collection Station of ONGC in Cauvery Asset, Nagapattinam district, Tamil Nadu. "This project, based on the technology package developed by Council of Scientific and Industrial Research-Indian Institute of Petroleum, seeks to recover Grade-A Helium of 99.995 per cent purity from natural gas", a press release from ONGC said on Tuesday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Pieces of Clothing you Can be Too Old for Learn More Undo Helium is a critical resource with applications in space exploration, semiconductor manufacturing, cryogenics, fibre optics, and it has been presently imported to meet India's requirements. Establishing an indigenous capability in Helium recovery is therefore of strategic importance for the country's technological advancement and energy security. Live Events The proposed Helium Recovery Demonstration Plant represents a significant milestone in the journey of ONGC towards building indigenous capabilities in high-value gases. The demonstration plant would process 750 Nm3/hr of natural gas and is designed with flexibility to operate at 110 per cent of the design capacity. The project is scheduled for completion within 18 months. The initiative strengthens the Centre's vision of ' Atmanirbhar Bharat ' (Self-reliant India) while contributing to India's long-term energy and technology security. Following the collaboration, ONGC Energy Centre Trust and Engineers India Ltd would combine their expertise to execute a first-of-its-kind project in India, by integrating cutting-edge research with practical industrial application, the release said.


Time of India
a day ago
- Time of India
ONGC''s R&D arm inks pact with Engineers India to set up Helium Recovery Demonstration plant
Chennai: ONGC Energy Centre Trust , the research and development wing of the Oil and Natural Gas Corporation Ltd, on Tuesday said it has signed an agreement with Engineers India Ltd , to set up a Helium Recovery Demonstration Plant in Tamil Nadu. The agreement, valued at ₹39.42 crore plus applicable Goods and Services Tax, refers to the establishment of the plant at the Kuthalam Gas Collection Station of ONGC in Cauvery Asset, Nagapattinam district, Tamil Nadu. "This project, based on the technology package developed by Council of Scientific and Industrial Research-Indian Institute of Petroleum, seeks to recover Grade-A Helium of 99.995 per cent purity from natural gas", a press release from ONGC said on Tuesday. Helium is a critical resource with applications in space exploration, semiconductor manufacturing, cryogenics, fibre optics, and it has been presently imported to meet India's requirements. Establishing an indigenous capability in Helium recovery is therefore of strategic importance for the country's technological advancement and energy security. The proposed Helium Recovery Demonstration Plant represents a significant milestone in the journey of ONGC towards building indigenous capabilities in high-value gases. The demonstration plant would process 750 Nm3/hr of natural gas and is designed with flexibility to operate at 110 per cent of the design capacity. The project is scheduled for completion within 18 months. The initiative strengthens the Centre's vision of ' Atmanirbhar Bharat ' (Self-reliant India) while contributing to India's long-term energy and technology security. Following the collaboration, ONGC Energy Centre Trust and Engineers India Ltd would combine their expertise to execute a first-of-its-kind project in India, by integrating cutting-edge research with practical industrial application, the release said. PTI


Mint
2 days ago
- Mint
Market strategy: Nifty 50 valuations reasonable, FY26 EPS growth seen 9%: MOFSL; prefer BFSI, Consumer, Telecom stocks
Corporate earnings for 1QFY26, referred to as the 'Crossover quarter,' indicated a shift from the modest low single-digit earnings growth of FY25 to a consistent trajectory of double-digit growth, according to Motilal Oswal Financial Services (MOFSL). MOFSL believes that a significant aspect of this quarter was the improved sectoral breadth of earnings growth. In the MOFSL coverage universe, large-cap companies (87 in total) achieved an earnings growth of 10% Year-over-Year (YoY), which is consistent with the overall universe. Mid-cap companies (92 in total) continued their strong performance from the previous two quarters, delivering impressive earnings growth of 24% Year-over-Year, surpassing our estimate of 20%. Conversely, small-cap earnings declined by 11% YoY, contrasting with their expectation of flat growth, with 46% of the coverage universe failing to meet their projections. As per the brokerage, the highest earnings upgrades projected for FY26E include Tata Consumer (9.7%), Apollo Hospitals (6.5%), Eicher Motors (3.8%), Hero MotoCorp (3.5%), and IndusInd Bank (2.6%). The most significant earnings downgrades anticipated for FY26E are Eternal (-35.4%), ONGC (-10.2%), Axis Bank (-8.7%), Power Grid Corp. (-5.3%), and Sun Pharma (-5.1%). MOFSL pointed out that the projected growth in EPS for Nifty-50 is expected to reach around 9% in FY26, compared to a sluggish 1% in FY25, supported by an anticipated enhancement in the macroeconomic landscape due to supportive fiscal and monetary policies. 'The Nifty 50 EPS estimate for FY26 was reduced by 1.2% to ₹ 1,108, largely owing to ONGC, Reliance Industries, Axis Bank, Power Grid Corp, and HDFC Bank. FY27E EPS was also reduced by 0.9% to ₹ 1,296 (from ₹ 1,308) due to downgrades in ONGC, Reliance Industries, Axis Bank, Eternal, and Power Grid Corp,' said the brokerage. As per the brokerage, the earnings of 1QFY26 have largely aligned with expectations, showing a reduction in the intensity of earnings cuts compared to earlier quarters, although the pattern of increased downgrades persists this quarter. Despite the Indian equity market experiencing fluctuations over the last two months due to tariff concerns, they maintain that the potential for improved earnings and reasonable valuations (excluding small-caps) should allow the market to secure moderate growth. The brokerage asserts that the impact of the US tariff disputes on Indian markets will be minimal. Currently, the Nifty 50 is trading at 22.2x FY26E earnings, which is close to its long-term average of 20.7x. MOFSL's model portfolio continues to favor large-cap stocks, holding a weight of approximately 70%, but has become more optimistic about mid-cap stocks, increasing their weight to 22% from 16% due to improved earnings performance and better outlooks. They are overweight in sectors such as BFSI, Consumer Discretionary, Industrials, Healthcare, and Telecom, while they are underweight in Oil & Gas, Cement, Real Estate, and Metals. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.