The signing of the JOA represents a key milestone in advancing upstream exploration and strengthening collaboration between the three energy majors. It also underscores the consortium’s unified commitment to enhancing India’s energy security and self-reliance.

The JOA signing ceremony was attended by senior leadership from all three partners. Representing Reliance Industries was Senior Vice President Avinash Kumar Pathak. bp Exploration (Alpha) Ltd was represented by Director (Finance) Manoj Kumar. ONGC was represented by Director (Strategy & Corporate Affairs).

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ONGC Rs 634.57

Indian Oil  Rs  457.71

Power Grid Corp Rs 330.48

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Airports in Latur, Osmanabad, Nanded, Yavatmal, and Baramati were awarded to Reliance Airport Developers for development in 2008-2009

Fadnavis said that the government will seek the state Advocate General’s opinion on the matter.

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Reliance Industries, in their LinkedIn post, revealed that they have developed the fuel cell system using state-of-the-art components sourced from international partners, with a strong emphasis on localization. The luxury coach, based on a customized BharatBenz chassis, boasts an impressive travel range of approximately 400 km on a single hydrogen fill, enabling smooth and eco-friendly long-distance travel between cities.

The advanced hydrogen fuel cell technology delivers a gross system power of 127 kW and a total power of 105 kW, making it a formidable player in the realm of green mobility solutions. But this is just the beginning of their journey towards a sustainable future.

Over the next 12 months, the hydrogen-powered luxury coach will undergo rigorous validation and safety trials, ensuring the highest standards of performance and reliability. BharatBenz, a division of Daimler Truck AG and a renowned heavy vehicle manufacturer in India, along with Reliance Industries, is determined to push the boundaries of hydrogen propulsion technologies for the future.

Reliance Industries, not content with just this achievement, had previously introduced India’s first Hydrogen Internal Combustion Engine technology solution for heavy-duty trucks at the prestigious India Energy Week in Bangalore, cementing their position as leaders in the hydrogen revolution.

With their visionary approach, BharatBenz and Reliance Industries are exploring the immense potential of hydrogen fuel cell propulsion to revolutionize the way people travel in the future. This endeavor is a significant stride towards a cleaner and greener tomorrow, offering a glimpse of the transformative power of hydrogen fuel in shaping the landscape of transportation in India and beyond.

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The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and dropped him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years as Saudi Arabia and Russia vowed to pump more in a struggle for market share just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest producer.

While the coronavirus has curtailed some of Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian company’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil.

Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

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