Oil marketing companies have invested over 32,000 crores to upgrade their refinery processes to produce BS-VI grade fuel. Given the abundance of biomass in India, the use of compressed bio-gas will be promoted in a big way in automotive, industrial and commercial uses. India's energy sector will be noticeably different from its current avatar, to be driven by new technology and business models, says Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel. “We are encouraging our oil and gas companies to develop extensive and qualitative engagement with Indian technology and research institutions of excellence,” he says. Seven Indian oil and gas PSUs joined with IIT Bombay last year to set up a Centre of Excellence in oil, gas and energy. According to him, the energy trans...
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