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Government taking steps to implement methanol economy

Friday, December 21, 2018, 9:25 AM

The government is taking steps for implementing methanol economy in India and has constituted five task forces including its production from high ash coal, Parliament was informed Thursday. Minister of State for Road Transport and Highways Mansukh L Mandaviya informed the Lok Sabha in a written reply. He said task force on production of methanol using high ash coal is one of them.
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Oil India to buy back 4.45% shares for Rs 1,085 crore

Saturday, November 24, 2018, 8:00 AM

State-owned Oil India Ltd will buy back 5.04 crore of its shares for a little over Rs.1,085 crore as part of the government's push to cash-rich PSUs to part with their surplus either by paying higher dividends or through share buybacks so as to help meet revenue targets. The nation's second large oil explorer had a little less than Rs 20,000 crore of reserves.

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