TAG: "OMC"

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OMCs Report Stellar Performance in FY 2023-24 Despite Challenges, Profit Soars Over 25 Times

The combined profit of OMCs for the fiscal year 2023-24 amounted to INR 86,000 crore, marking a leap of over 25 times compared to the previous fiscal year.

OMC | May 13, 2024 | By Abha Rustagi | 1382

Petroleum Minister Hardeep Singh Puri Launches ETHANOL 100 Automotive Fuel

ETHANOL 100 is now available at select 183 retail outlets across five states – Maharashtra, Karnataka, Uttar Pradesh, New Delhi, and Tamil Nadu.

OMC | March 16, 2024 | By Abha Rustagi | 2424

OMCs Raise Ethanol Procurement Price to Boost C-Heavy Molasses Utilization

This decision aims to make the production of ethanol from C-heavy molasses, a byproduct of sugar processing with low sugar content, more appealing for sugar mills.

OMC | December 30, 2023 | By Abha Rustagi | 1656

Government Allocates INR 5294 Crore Subsidy for EVs under FAME India Scheme

As of December 11, 2023, a total of 11,79,669 electric vehicles have been sold, which includes 10,42,110 two-wheelers, 1,22,690 three-wheelers and 14,869 four-wheelers.

OMC | December 19, 2023 | By Abha Rustagi | 1740

Government Could Face Setback as Ethanol Production Drops 20 Percent: CRISIL

The Ministry of Consumer Affairs issued a directive on December 7, restricting the use of sugarcane juice and sugar syrup in the production of ethanol supply year (ESY) 2023-24.

OMC | December 14, 2023 | By Abha Rustagi | 1748

EV Revolution: 7,432 Charging Stations Get Green Light in India

The FAME India Scheme, initiated in 2015, focuses on various aspects, including technological development, demand generation, pilot projects, and charging infrastructure.

OMC | December 11, 2023 | By Abha Rustagi | 1583