Latest news with #HeliumRecoveryDemonstration
Time of India
3 days ago
- Business
- 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
News18
3 days ago
- Business
- News18
Stocks To Watch: Vedanta, LIC, Reliance, GMR Airports, Vodafone, Tata Steel, And Others
Last Updated: Stocks to watch: Shares of firms like Vedanta, LIC, Reliance, GMR Airports, Vodafone, Tata Steel, and others will be in focus on Tuesday's trade Stocks To Watch On August 19, 2025: Markets staged a strong rally on Monday, ending with gains of over a percent. In today's trade, shares of Vedanta, LIC, Reliance, GMR Airports, Vodafone Idea, and others will remain in focus on the back of key news developments. LIC Life Insurance Corporation of India (LIC) has launched a month-long campaign to revive individual lapsed policies. Hindustan Zinc Hindustan Zinc, a subsidiary of Vedanta, announced the setting up of a 10 MTPA tailings reprocessing plant as part of its plan to double capacity. Reliance Industries Reliance Consumer has entered the healthy functional beverages market by acquiring a majority stake in a joint venture with Naturedge Beverages. Vedanta Vedanta's board is scheduled to meet on August 21 to consider a second interim dividend. The record date has been fixed as August 27. Glenmark Pharma The US health regulator has flagged issues leading Glenmark, Alembic Pharmaceuticals, and Sun Pharma to withdraw certain products from the American market due to manufacturing-related concerns. GMR Airports GMR Airports has issued a notice for voluntary redemption of its non-convertible bonds (NCBs), in line with the bond trust deed dated November 17, 2023. Trent Burnt Toast, Trent's youth-focused fashion brand, has expanded into Gujarat with its first store in Surat. Tata Steel Tata Steel Advanced Materials (TSAML), a subsidiary of Tata Steel, has approved the sale of its 90% equity stake and 100% preference stake in Ceramat (CPL) to Lionstead Applied Materials, a wholly owned unit of Lionstead Ventures LLP. The company announced that the Excise & Taxation Officer, Faridabad (East), Haryana, has approved a refund of Rs 46.37 crore out of its total claim of Rs 46.67 crore filed under Rule 89(1) of the Haryana GST Act, 2017. ONGC ONGC Energy Centre Trust (OECT), the R&D arm of ONGC, has signed an agreement with Engineers India Ltd (EIL) to establish a Helium Recovery Demonstration Plant at ONGC's Kuthalam gas collection facility in the Cauvery Asset, Tamil Nadu. Click here to add News18 as your preferred news source on Google, Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated. tags : stocks to watch view comments First Published: News business » markets Stocks To Watch: Vedanta, LIC, Reliance, GMR Airports, Vodafone, Tata Steel, And Others Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
Mint
3 days ago
- Business
- Mint
Stocks to watch: Reliance Industries, Vedanta, LIC, GMR Airports among shares in focus today
Reliance Consumer has forayed into the healthy functional beverages segment by acquiring a majority stake in a joint venture with Naturedge Beverages. Vedanta's board will meet on August 21 to discuss a second interim dividend. The record date for determining eligible shareholders has been fixed as August 27. The debt-ridden company is actively seeking alternative, non-banking funding sources to support its capital expenditure (capex) plans, as ongoing uncertainty over adjusted gross revenue (AGR) dues continues to stall discussions with conventional lenders. On Monday, Hindustan Zinc, a subsidiary of Vedanta, announced plans to establish a 10 MTPA tailings reprocessing plant as part of its broader strategy to double production capacity. According to the US health regulator, pharmaceutical companies Glenmark, Alembic Pharmaceuticals, and Sun Pharma are pulling back certain products from the US market due to manufacturing-related problems. The company announced that it has issued a notice for the voluntary redemption of its non-convertible bonds (NCBs), in accordance with the terms outlined in the bond trust deed dated November 17, 2023. Burnt Toast, Trent's youth-oriented fashion brand, has entered Gujarat by opening its first store in Surat. Tata Steel's subsidiary, Tata Steel Advanced Materials (TSAML), has approved the sale of its entire 90% equity stake and 100% preference stake in Ceramat (CPL) to Lionstead Applied Materials, a wholly owned unit of Lionstead Ventures LLP. The farm and construction equipment company announced that the Excise & Taxation Officer, Faridabad (East), Haryana, has approved a refund of ₹ 46.37 crore against its total claim of ₹ 46.67 crore filed under Rule 89(1) of the Haryana GST Act, 2017. ONGC Energy Centre Trust (OECT), the R&D division of ONGC, has signed an agreement with Engineers India Ltd (EIL) to set up a Helium Recovery Demonstration Plant at ONGC's Kuthalam gas collection facility in the Cauvery Asset, Tamil Nadu. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
