Friday, March 29

Tag: GAIL India Ltd

India Imports the Cheapest LNG Cargo from Russia : Know what is LNG
INDIA

India Imports the Cheapest LNG Cargo from Russia : Know what is LNG

India has received its very first consignment of the cheapest Liquefied Natural Gas (LNG) under a longstanding contract with Russia. The gas has been imported into the country at a price of around $7 per million British Thermal Unit (mmBtu) by the Russian supplier Gazprom. Russia is the largest crude oil and second-largest gas producer in the world. The amount at which India has received LNG from Russia is far much cheaper ($1.5 per mmBtu cheaper) than that of Qatar, which is India’s biggest and oldest exporter of LNG. Our country is the fourth largest importer of LNG and its objective is to create a gas-based economy and bring diversification in the energy imports, which is currently intimidated by oil and coal. The LNG cargo was received at the port in Mumbai and according to the r...
Hungry Foal Raises Funding From GAIL India’s Startup Initiative ‘Pankh’
FUNDING

Hungry Foal Raises Funding From GAIL India’s Startup Initiative ‘Pankh’

[dropcap]G[/dropcap]urugram based nutrition enriched food manufacturing startup Hungry Foal has secured a Pre-Series A funding from GAIL (India) Ltd  under GAIL’s startup initiative ‘Pankh’. The agreements were exchanged at ‘Startup Sangam’ - an event organized by Ministry of Petroleum and Natural Gas in the presence of Shri Dharmendar Pradhan, Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Govt of India at The Taj Mahal Hotel, New Delhi, INDIA. The funds will be used for market expansion, technology and production ramp up, the company told in a press statement. JV Foodworks Pvt Ltd owned Hungry Foal was started 15 months ago, developed its products in technical collaborations with the scientists at SINED - TBI, NDRI, Karnal. Also ...