The fire broke out after an explosion in the Atmospheric Vacuum Unit (AVU) of the main plant, which was being restarted after a month-and-a-half shutdown for maintenance work.
The deal was signed during PM Modi's visit to the UAE last week, said IOC adding that India's trade treaty with the UAE enables it to import LNG without paying a 2.5% import tax.
The drop in sales is a reminder that the recovery path for India’s economy, which technically entered a recession last week, will likely be a bumpy one as Covid rages unabated.
India can sell as much as 26.4% of its holding in Indian Oil — valued at about Rs 330 billion — and still retain indirect control. The govt is looking to raise a record Rs 1.05 trillion given sluggish revenue collection.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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