Tag: indian oil corporation

  • India’s First Green Hydrogen Plant to be Built by L&T at IOC Panipat Refinery

    According to a July 21 business filing, Larsen & Toubro subsidiary L&T Energy GreenTech would establish India’s first green hydrogen facility at Indian Oil’s Panipat refinery in Haryana on a build-own-operate basis.

    25-Year Deal to Supply 10,000 Tonnes Annually to IOC

    An important step in India’s National Green Hydrogen Mission, the plant will run continuously on renewable energy to provide 10,000 tonnes of green hydrogen to IOC annually for 25 years. Additionally, this supports India’s net-zero goals and fits with IOC’s plan to decarbonise refining processes.

    High-pressure alkaline electrolysers manufactured at L&T Electrolysers in Hazira will be used in the plant to produce green hydrogen. The action positions LTEG as a major participant in the green hydrogen ecosystem and establishes a standard for widespread industrial usage in fertilisers, refineries, and other industries.

    According to L&T President and Deputy Managing Director Subramaniam Sarma, the project strengthens LTEG’s capacity to provide extensive sustainable energy solutions while also strengthening the company’s relationship with IOC.

    IOC Enters Green Hydrogen Space with Ambitious Project

    In essence, green hydrogen is the gas created when water is split using renewable energy sources. The project is the biggest green hydrogen project in India to date and represents IOC’s first foray into the green hydrogen market.

    The green hydrogen generated here will substitute hydrogen sourced from fossil fuels in IOC’s refinery operations, lowering carbon emissions. The project is expected to be put into service by December 2027.

    Timeline and Background: From Cancelled Tenders to Execution

    Due to the industry’s lack of interest in moving forward with the project, IOC had previously cancelled two tenders. At the desire of the participating companies, the deadline was twice extended to January 2025 after the tender was initially published in September 2024. “This project demonstrates our complete green energy capabilities, from the production of electrolysers to their implementation and operation.

    “We are confident in delivering a high-performance, zero-emission plant that sets new industry benchmarks thanks to our skilled team and state-of-the-art technology,” stated Derek Shah, Head of Green Manufacturing & Development at L&T.

    Other Players Fueling India’s Green Hydrogen Revolution

    The renewable energy-focused ACME Group announced in June that it would construct a green hydrogen plant in the Tata Steel Special Economic Zone (Tata SEZ) in the Gopalpur Industrial Estate of Odisha, with the goal of producing 400,000 tonnes of green ammonia by 2029. In order to deliver all 400,000 tonnes of green ammonia produced from the facility starting in 2029, the business has teamed with IHI Corporation of Japan.

    In June, Toyota Kirloskar Motor also inked a Memorandum of Understanding (MoU) with Ohmium International, a top supplier of Proton Exchange Membrane (PEM) based in Newark, California. The two companies will work together to develop hydrogen-based solutions by combining Toyota’s PEM fuel cell modules with Ohmium’s state-of-the-art PEM electrolysers, as well as to explore possible partnership opportunities to harmonise advanced fuel cell technology with Ohmium’s hyper-modular and efficient system designs.

    Government Backing: Policy, Funding, and Trials Underway

    Green hydrogen is thought to be essential to India’s goal of reaching net-zero emissions by 2070. Prahlad Joshi, the Union Minister of New and Renewable Energy, and Nitin Gadkari, the Union Minister of Road Transport and Highways, officially opened Tata Motors’ first-ever testing of hydrogen-powered heavy-duty vehicles in New Delhi in March.

    With INR 500 crore set aside for this purpose, the government intends to encourage hydrogen fuel trials, with cooperation from businesses like Ashok Leyland, Volvo, Reliance, and Hindustan Petroleum, among others.

  • List of Government Franchises in India

    India, with its vibrant and evolving economy, is a land of opportunities. Among the myriad ways to tap into these opportunities, government franchises stand out as a reliable and rewarding venture. These franchises not only promise stability but also come with the trust and backing of the government. For explorers like you, eager to dive into the business world, understanding government franchises can be a game-changer. Let’s embark on this journey and uncover the potential that these franchises hold.

    What is a Government Franchise?

    A government franchise scheme is a business model where the government grants permission to private entities or individuals to operate a business under its name. This model ensures a regulated and standardized service or product, maintaining the quality and trust associated with the government. These franchises span various sectors, from retail and healthcare to education and transport.

    Why Opt for a Government Franchise?

    Choosing a government franchise comes with a plethora of benefits:

    • Trust and Credibility: Operating under a government name builds instant consumer trust.
    • Regulated Operations: Government guidelines ensure standardized and quality services.
    • Financial Support: Many government franchises come with financial aid and subsidies.
    • Market Reach: With government backing, reaching a broader audience becomes easier.

    Below is the list of government franchises in India that you can explore:

    Indian Railways Station Retail Outlets

    Government Franchise Indian Railways Station Retail Outlets
    Area Required 100 – 500 sq. ft
    Investment INR 25 lakh – INR 50 lakh
    ROI High (due to high footfall in prime locations)
    Royalty NA
    Top Government Franchise in India - Indian Railways Station Retail Outlets
    List of Government Franchises in India – Indian Railways Station Retail Outlets

    Indian Railway Station Retail Outlets are quite vibrant and enticing project opportunities in the context of government-backed franchises using the heavy footfall of passengers at railway stations. These outlets are situated in prime locations, which ensures that they cater to everyone. Franchisees can opt for several choices of business, such as food, books, and convenience stores, to cater to varied consumer needs. Also, existing infrastructure from Indian Railways minimizes setup costs for the franchisee to be well interested in these setups. With these outlets running on a year-round basis, opportunities for revenue generation are ever-consistent.

    But then there are challenges, such as high initial investments for some locations and stringent government regulations that often curtail operational flexibility. There are also complexities and bottlenecks regarding the application process. The Indian Railways Station Retail Outlets, however, present a safe and lucrative venture opportunity for entrepreneurs wishing to leverage the extensive commuter market.

    Pradhan Mantri Kaushal Kendras (PMKK)

    Government Franchise Pradhan Mantri Kaushal Kendras (PMKK)
    Area Required 3,000 – 8,000 sq. ft
    Investment INR 1 cr(NSDC provides 70% – INR 70 lakhs per centre and rest 30% is by the promoter)
    ROI Moderate (Due to government subsidies)
    Royalty NA
    Top Government Franchise in India - Pradhan Mantri Kaushal Kendras
    Top Government Franchise in India – Pradhan Mantri Kaushal Kendras

    The PMKK is the acronym for Pradhan Mantri Kaushal Kendras. There are advanced training centers set up under the ‘Skill India Mission’ initiated by the Ministry of Skill Development and Entrepreneurship. Skill development designed to meet the needs of the industry will lead to employability. PMKKs differ from traditional franchises; they follow a public-private partnership (PPP) model for operation. National Skill Development Corporation (NSDC) acts here as the network manager, providing funding and operational support. Proposals must be made by applicants wishing to establish PMKKs through NSDC, which has pre-set eligibility criteria. Corporations can initially propose centers in five districts, with more allotments being awarded based on performance.

    Skill development takes precedence over money-making through commercialization; it is a government-supported, sustainable operational model. There are no royalties; hence, financial sustainability exists through NSDC funding. The initiative aims to give its stakeholders extended quality training and employability whereby benefitting the training partner in the core skill development sector.


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    Food Corporation of India (FCI)

    Government Franchise Food Corporation of India (FCI)
    Area Required 10763.9 ft and above
    Investment NA
    ROI Moderate
    Royalty NA
    Top Government Franchise in India - Food Corporation of India
    List of Government Franchises in India – Food Corporation of India

    The Food Corporation of India (FCI) takes care of an enormous widening network of warehouses and distribution points for food grains. This is not a traditional franchise arrangement for FCI, but a mode of public-private partnerships (PPPs) wherein the infrastructure enhances its modern silos and warehouses. Under models such as Design, Build, Finance, Own, and Operate (DBFOO), storage development has been financed by private participation.

    Nearly 2,199 warehouses are maintained by FCI all over India and have a huge presence in states like Punjab, Haryana, and Uttar Pradesh. Of these PPP initiatives at FCI, the interested companies need to submit tenders that specify requirements such as land availability, financial capacity, and technical competency, thereby allowing private participation in the food storage and distribution network in India.

    Ayushman Bharat Health Centers (AB-HWCs)

    Government Franchise Ayushman Bharat Health and Wellness
    Area Required Depends on the population size
    Investment Government Funding
    ROI NA
    Royalty NA
    Top Government Franchise in India - Ayushman Bharat Health Centers(AB-HWCs)
    Top Government Franchise in India – Ayushman Bharat Health Centers(AB-HWCs)

    Ayushman Bharat Health and Wellness Centres are the empowering pillars in the policy of Health and Wellness Centers (AB-HWCs) under the comprehensive primary healthcare reform of the Indian government. It will not be like a traditional franchise but will be set up through partnerships and alterations in existing sub-centers and primary health centers.

    The scheme has 1.54 lakh centers for upgrading services that will not offer any other services such as maternal and child healthcare, handling non-communicable diseases, and free essential drugs and diagnostic services. Participation in AB-HWCs is limited to government schemes and tenders for healthcare infrastructure construction. No ROI and royalty model at present applies but is essentially supplemented by government contributions improving access to primary healthcare.

    IRCTC Food Plaza

    Government Franchise IRCTC Food Plazas
    Area Required Depends on the location
    Investment INR 3 lakh
    ROI High
    Royalty Variable license fee based on location
    Top Government Franchise in India - IRCTC Food Plaza
    List of Government Franchises in India – IRCTC Food Plaza

    IRCTC Food Plazas are an initiative of the Indian Railway Catering and Tourism Corporation (IRCTC) to provide quality food services in railway stations. While they do not adopt a typical franchise model, these types of outlets run based on partnerships and tenders. The food plazas, cafés, and refreshment rooms are set up and maintained by IRCTC as a collaboration with private firms that have awarded contracts after bidding through the portal of IRCTC for fulfilling several specific criteria including an Earnest Money Deposit (EMD).

    Herein, instead of paying royalties, the operators bear the annual license fees while investment and the area to be occupied depend on the location. The success and ROI of an IRCTC Food Plaza thus keep varying according to operational efficiency, footfalls, and prominence of the station.

    National Skill Development Corporation (NSDC)

    Government Franchise National Skill Development Corporation
    Area Required Depends on the population of students
    Investment INR 3 lakh
    ROI High
    Royalty NA
    Top Government Franchise in India - National Skill Development Corporation (NSDC)
    Top Government Franchise in India – National Skill Development Corporation (NSDC)

    Starting a government franchise business can offer stability and credibility in various sectors. The NSDC, under its Public-Private Partnership model, would develop vocational training in India. While National Skill Development Corporation is not a pure franchise arrangement, NSDC partners with over 343 training partners, which include both profit-making and not-for-profit entities, to set up quality skill development institutions. The center also provides financial support to private sector initiatives that promote sustainable training centers.

    Application forms for NSDC-affiliated training partners must be submitted by applicants to NSDC’s official channels fulfilling eligibility and funding conditions. There is no fixed royalty structure, and investments will depend completely on the training needs. The NSDC therefore allows private partners to enter into partnerships and contribute their share to the skill development in India.

    India Post

    Government Franchise India Post
    Area Required 200-500 sq. ft.
    Investment INR 1 lakh to INR 1.5 lakh
    ROI High
    Royalty No Royalty, only commission
    Govt Franchise India - India Post
    List of Government Franchises in India – India Post

    India Post is one of the largest postal networks in the world, providing essential services to millions. With modernization, India Post has upgraded its postal services. Technology has made postal delivery faster and more reliable. You can now track packages in real time and use various online services.

    Despite these improvements, India Post faces challenges. The competition from private couriers is strong. Many people prefer digital communication over traditional mail. Also, maintaining such a vast network is expensive and complex.

    India Post plays a crucial role in rural development. It connects remote areas to the rest of the country. Village people can send and receive mail, access banking services, and even get government benefits. This support helps rural communities grow and prosper.

    Looking ahead, India Post has great potential in the eCommerce sector. With the rise of online shopping, there’s a growing need for reliable delivery services. India Post can tap into this market. It’s already working with eCommerce companies to deliver packages even in the most remote areas. It is one of the best Indian government franchise opportunities.

    The Return on Investment (ROI) for an India Post franchise can be quite attractive due to the steady demand for postal and financial services.

    Kendriya Bhandar

    Government Franchise Kendriya Bhandar
    Area Required 500 – 1000 sq. ft
    Investment INR 10 lakh to INR 20 lakh
    ROI Moderate (depends on location and sales volume)
    Royalty Not applicable
    Government Dealership Business - Kendriya Bhandar
    Top Government Franchise in India – Kendriya Bhandar

    Kendriya Bhandar is a consumer cooperative society that sells a variety of products, including groceries, household items, and stationery. It operates under the Ministry of Personnel, Public Grievances, and Pensions. Kendriya Bhandar franchise cost is approximately INR 10 lakh to INR 20 lakh.


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    Jan Aushadhi Kendra

    Government Franchise Jan Aushadhi Kendra
    Area Required 120 – 150 sq. ft.
    Investment INR 2.5 lakh to INR 5 lakh
    ROI High (due to the high demand for affordable medicines)
    Royalty Not applicable
    Top Government Franchise in India - Jan Aushadhi Kendra
    Top Government Franchise in India – Jan Aushadhi Kendra

    The Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) aims to provide quality generic medicines at affordable prices. Opening a Jan Aushadhi Kendra is a noble and profitable venture. It is one of the top govt franchises in India.

    Common Services Centre (CSC)

    Government Franchise Common Service Centre (CSC)
    Area Required 100 – 200 sq. ft.
    Investment INR 1 lakh to INR 2 lakh
    ROI Moderate to High (depending on the range of services offered)
    Royalty Not applicable
    Govt Franchise India - Common Services Centre (CSC)
    List of Government Franchises in India – Common Services Centre (CSC)

    CSCs are pivotal in the Digital India initiative, providing various digital services to rural and urban areas. These centers offer services like e-governance, banking, insurance, and more. This is one of the low-investment government franchises in India.

    Public Distribution System (PDS) Shop

    Government Franchise Public Distribution System (PDS) Shop
    Area Required 200 – 400 sq. ft.
    Investment INR 1 lakh to INR 2 lakh
    ROI Moderate (due to government subsidies)
    Royalty Not applicable
    Govt Franchise India - Public Distribution Shop (PDS)
    Top Government Franchise in India – Public Distribution Shop (PDS)

    PDS Shops distribute essential commodities like rice, wheat, and kerosene at subsidized rates to the public. This system ensures food security and is a stable franchise business model.

    Indian Oil Corporation

    Government Franchise Indian Oil Corporation
    Area Required 800 – 1200 sq. ft. (for retail outlet)
    Investment INR 1 crore to INR 2 crore
    ROI High (due to continuous demand for fuel)
    Royalty Not applicable
    Top Government Franchise in India - Indian Oil Corporation
    Top Government Franchise in India – Indian Oil Corporation

    Indian Oil Corporation is one of India’s largest government-owned oil and gas companies. You’ll find its presence in every corner of the country. It’s a key player in fuel distribution, making sure you have access to petrol, diesel, and LPG when you need them.

    In the petroleum industry, Indian Oil Corporation faces tough market competition. Many companies want to be the top choice for consumers. But Indian Oil has a strong network and reputation. This helps it stay ahead and makes it one of the best government franchises in India.

    Khadi and Village Industries Commission

    Government Franchise Khadi and Village Industries Commission
    Area Required 200 – 500 sq. ft. (for a retail outlet)
    Investment INR 5 lakh to INR 10 lakh
    ROI Moderate to High (depends on product range and marketing)
    Royalty Not applicable
    Government Dealership Business - Khadi and Village Industries Commission
    List of Government Franchises in India – Khadi and Village Industries Commission

    How can you invest in a traditional yet profitable sector like Khadi and Village Industries? It’s simple and rewarding. By supporting Khadi promotion, you contribute to rural development. The handloom industry fosters sustainable growth, providing jobs and preserving culture.

    You can help village artisans who create beautiful traditional crafts. These artisans need platforms to showcase their skills. Your investment can make a difference. Rural entrepreneurship flourishes with government support. Various schemes and subsidies make it easier for you to start a business in this sector.

    Khadi fashion is gaining popularity. Modern trends blend well with traditional designs. People love eco-friendly and unique clothes. You can tap into this growing market. Plus, Khadi products aren’t just clothes. They include accessories, home decor, and more.

    Your investment in Khadi and Village Industries can lead to sustainable and profitable growth. You’ll support a whole community and keep traditions alive. Plus, you’ll be part of a movement that values quality, sustainability, and freedom. The government offers plenty of resources to get you started.


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    Steps to Start a Government Franchise

    Embarking on a government franchise requires a systematic approach. Here’s a step-by-step guide to help you get started:

    1. Research: Understand the franchise model and its requirements. Visit official websites and read through the guidelines.
    2. Application: Apply to the respective government department, along with the required documents.
    3. Approval: Once your application is reviewed and approved, you will receive a license or permit to operate.
    4. Setup: Arrange the necessary infrastructure and resources as per the franchise requirements.
    5. Training: Some franchises offer training programs to help you understand the operations better.
    6. Launch: Once everything is in place, launch your franchise and start operations.

    Tips for Success

    • Adhere to Guidelines: Always follow the guidelines set by the government to ensure smooth operations.
    • Quality Service: Maintain high standards of service to build trust and credibility.
    • Regular Updates: Stay updated with any changes or updates in the franchise model.
    • Customer Feedback: Regularly seek feedback from customers to improve your services.

    Challenges to Consider

    While government franchises come with numerous benefits, there are some challenges you might face:

    • Bureaucratic Delays: Sometimes, the approval process can be slow.
    • Regulatory Compliance: Strict adherence to guidelines is mandatory, which can be cumbersome.
    • Initial Investment: Some franchises require a significant initial investment.

    Conclusion

    Government franchise opportunities in India offer a unique blend of stability, trust, and profitability. Whether you’re looking to venture into retail, healthcare, or digital services, there’s a government franchise waiting for you. By understanding the requirements, adhering to guidelines, and maintaining quality service, you can build a successful and rewarding business. 

    FAQs

    What is a government franchise?

    A government franchise is a business model where the government grants permission to private entities or individuals to operate a business under its name.

    Which are the top government franchises in India?

    The top government franchises in India are as follows:

    • India Post
    • Kendriya Bhandar
    • Jan Aushadhi Kendra
    • Common Services Centre
    • Public Distribution System Shop
    • Indian Oil Corporation
    • Khadi and Village Industries Commission

    What are the challenges faced in the government franchise?

    The challenges faced in the government franchises include bureaucratic delays, regulatory compliance, and initial investment.

  • Oil & Gas Industry in India 2022: Market Size, Key Players, Recent Plans

    The Oil and Gas Industry has been playing a vital role in the development of the Indian Economy as well as being a crucial sector among the eight core industries in India. Apart from the agricultural, Automobile, Chemical, and other major industry sectors, the oil & gas industry lobbying an impact on the Indian economy since its commencement.

    Back in time, people considered petroleum, gas, oil, diamonds, gold, and other high-priced metals, as a source of income in trading them. Moreover, India stands as the 3rd Largest consumer of oil in the world and fourth place as the biggest refiner in the world.

    The industry accomplishes every task that they have planned to do before the deadline, and ultimately became an on-demand energy industry globally. Whereas, India was the second top net crude oil products importer as of 2019. Regardless, the industry is also planning to enhance as much as an investment to result in the top oil & gas industry in the world.

    The journey began in 1889, when India discovered the first oil deposits and gas fields in the town of Digboi, Assam. Later, India magnified the natural gas and oil industry in the 1960s and dilated the services to a pinnacle industry, and eventually bolstered the economy as a prominent industry in India.

    The Oil and Gas Industry in India built reserves & Petrol stations etc. Besides, it cast the Indian economy in good terms of Imports, trading, refining, consumption, distribution, and foreign trade.

    Classification of Oil & Gas Industry in India
    Market size of Oil & Gas Industry in India
    Recent plans of the Oil & Gas Industry in 2022
    Key Players to Look Out for in the Oil & Gas Industry in India

    Classification of Oil & Gas Industry in India

    The oil and gas industries are further breakdown into three distinct parts. These parts are named Upstream companies, Midstream companies, and Downstream companies. The basic details about all the three companies are given below.

    Classification of the Oil and Gas industry into three different companies
    Classification of the Oil and Gas industry into three different companies

    Upstream Companies:

    The Oil and Gas Industry in India looks for dormant underground crude oil or natural gas by penetrating exploratory wells and extracting the resource to the surface. Notable Oil and Gas Industry in India Upstream attributes to the exploration and production sector.

    Midstream Companies:

    On the other hand, those extracted resources are meant to process, stored, marketed, and traded as exports. Therefore, Midstream companies function as a connection between the production area and the ultimate consumer location (marketplace).

    Downstream Companies:

    The third category of the Oil & Gas industry operates the part of oil refineries, petroleum products distributors, planters of petrol chemical stations, and retail outlets of natural gas.

    Market size of Oil & Gas Industry in India

    The Indian Oil & Gas industry became the third-largest consumer of oil in 2021 and planning to accomplish the position of the largest contributor to non-OECD petroleum consumption thrive.

    As mentioned above, India attains as one of the topmost crude oil production abreast importers in the world. In recent times, a provisional refinery has been installed on the concurred of Government to burgeon as the Largest Domestic refiner at a worth of crude processing capacity of 1.24 million Barrels Per Stream Day (BPSD).

    Last year the world faced a down economy because of the ongoing pandemic. According to the reports for the Financial year 2021, the industry faced a drawback in the exports of petroleum products which are estimated to fall from 65.7 to 56.8 MMT. However, with the change in the world stability, crude oil imports were recorded to rise sharply with the worth US $94.3 billion in FY 2022.

    Export of Petroleum Products from India (MMT)
    Export of Petroleum Products from India (MMT)

    Nevertheless, still, the oil & gas industry in India showed a spiked percentage of 3.7% in the consumption of petroleum products which is comparable to the financial year 2019. In 2020, the Gas Authority of India Ltd. held the largest share of the country’s natural gas pipeline network.

    For the year 2021, the industry anticipates enticing US corporations to invest around 25 billion dollars in Upstream companies by 2022. Additionally, the Oil & Gas industry in India showed a reduction in crude oil production which stood at 30.5 MMT for FY21, analogous to the 32.2 MMT in FY20.


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    Recent plans of the Oil & Gas Industry in 2022

    The major plans and schemes for the Oil and Gas Industry can be seen in the Union Budget. The government has allocated funds worth INR 12,480 crores for direct benefit transfer of LPG and INR 1078 crores for feedback subsidy to BPCL / AssamGas Cracker Complex in the year 2021.

    Prime minister Narendra Modi in February 2021, declared that INR 7.5 trillion will be invested by the Indian Government in improving Oil and Gas Infrastructure in the upcoming five years.

    An LNG (Liquified Natural Gas) policy draft was published by the petroleum and Natural gas ministry and it aims at increasing the LNG regasification capacity of India.

    In February 2022, Mr. Hardeep Singh (the minister of petroleum and natural gas) was noted to announce that India will increase its oil and gas exploration area to 0.5 million sq. km by the year 2025. He was also noted to further clarify that the exploration area will be increased to 1 million sq. km by the year 2030. These changes will be applied to increase the domestic output from the oil and gas sector.

    Key Players to Look Out for in the Oil & Gas Industry in India

    There are not many players in the Oil and gas sector of India. Yet, amongst them all, the top players in the Oil and Gas Industry in India that have made their mark are:

    Key players for Oil and Gas industry in India
    Key players for Oil and Gas industry in India

    Reliance Industries Limited (RIL):

    Reliance Industries Limited trades in the research and analysis of Oil and Gas and production is also a key part of the business concern. Reliance Petroleum headquartered in Ahmedabad, Gujarat founded in 2008 falls under the petroleum and natural gas industry. It was merged with Reliance Industries Limited in 2009.

    Oil and Natural Gas Corporation (ONGC):

    Oil and Natural Gas Corporation is a government-owned corporation that handles in production and distribution of crude oil and natural gas in India. In India, ONGC is the largest company that produces and explores oil and gas reserves. The company is owned by the petroleum and natural gas ministry of India and was founded in 1956.

    Indian Oil Corporation Limited (IOCL):

    Indian Oil Corporation is a publicly owned conglomerate. It is a property that is in the possession of the petroleum and natural gas ministry, Government of India. It is headquartered in New Delhi and was founded in June 1959.


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    Conclusion

    India with its increasing population has increasing needs and this is true in the case of Oil and Gas procurement and usage in India. India is the third-largest consumer of Oil in the world. Petroleum products have the highest share of 14 percent in Indian exports.

    This points out that the Oil and Gas industry is one main source of revenue for the country and the increasing energy demands of the country can only signify the rapid growth of the Oil and Gas Industry in India in the future.

    FAQs

    Where is India’s largest oil field located?

    The largest oil field in India is Bombay high. It is known to be situated 161 km north of the Bombay coast in Mumbai, Maharashtra.

    What is the future of the oil and gas industry in India?

    The industry of oil and gas in India will be seen a decline in the use of biofuels, batteries, and hydrogen rather than consuming more non-renewable resources to fulfill the demand of citizens.

    Who produces gas in India?

    The major of the gas is produced in the Gujarat state of India. About 11% of gas is produced by Gujarat and the remaining is made by a bunch of states such as Andhra Pradesh, Assam, Tripura, Tamil Nadu, and Rajasthan.

    What is the GDP percentage for the oil and gas industry in India?

    The oil and gas industry is counted among the 8 core industries contributing to the Indian GDP. The oil and gas industry stands for 15% of the country’s Gross Domestic Product (GDP).

  • List of Companies supplying Oxygen in India

    The rise of the second wave of Covid 19 in India has led to a lot of infections and an increased demand for oxygen across the country. Many states have reported that there is a lack of oxygen in the hospitals and there are a lot of patients in requirement of oxygen.

    The shortage of oxygen has led to the death of several patients in the hospitals. Amidst the chaos, several private and public sector companies have changed their manufacturing plants and converted those into manufacturing of oxygen. Heres a list of companies that have started manufacturing oxygen cylinders in India.

    Reliance Industries
    JSW Steel
    TATA Group
    Vedanta
    SAIL
    IOL and Bharat Petroleum
    Rashtriya Ispat Nigam Limited
    IFFCO
    FAQ

    Reliance Industries

    Reliance Industries Ltd is a multinational company which has its headquarters in Mumbai, India. Reliance Industries is owned by Mukesh Ambani. The Jamnagar Oil Refineries of reliance Industries have been changed to manufacture medical-grade oxygen cylinders.

    The company has said that it would manufacture around 700 tones of medical-grade oxygen cylinders per day and has plans to distribute it freely to the states that are affected by Covid-19. The Jamnagar Oil Refineries is located in Gujarat, India.

    The plant had started the manufacturing of 100 tones of medical-grade oxygen cylinders in the beginning and later it was increased to 700 tones because of the requirement. The company has plans to increase the manufacturing output of medical-grade oxygen cylinders to up to 1000 tones in a short span of time.

    JSW Steel

    JSW steel is an Indian company which is involved in the manufacturing of steel. The company has its headquarters located in Mumbai, India. The company had recently revealed that its Dolvi Plant in the state of Maharashtra was manufacturing around 185 tones of medical oxygen and supplying it according to the requirement from last week.

    JSW Steel also has plans to increase the manufacturing of medical oxygen their other 3 plants which are Ballari plant in the state of Karnataka, Dolvi Plant in the state of Maharashtra and Salem plant in the state of Tamil Nadu.

    The company is working towards manufacturing and providing around 600 tones of oxygen on a daily basis. The company is also planning a strategy to increase its manufacturing and supply of oxygen in its Tamil Nadu factory.


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    Tata Group

    Tata Group is a multinational company which has its headquarters located in Mumbai, India. Tata group is one of the oldest and the biggest companies in India.

    The subsidiaries of the Tata group such as Tata Steel are in the process of transferring oxygen to the states which have an increased demand for medical oxygen.

    To bring a solution to the shortage of oxygen supply, the company has taken a decision and declared that in order to carry liquid oxygen, they would import around 24 cryogenic containers.

    The cryogenic containers are known for storing gases that are liquified at very low temperatures because of their design which contains dual walls. There are also multilayer insulation vessels.

    How is liquid oxygen transported
    How is liquid oxygen transported

    Vedanta

    Vedanta Company is an Indian-based company which is involved in the mining. They have mined in different states such as Goa, Rajasthan, Karnataka and Odisha. Their main operations include mining of iron ore, aluminum and gold. The company has its headquarters located in Mumbai, India.

    Vedanta has offered to provide oxygen from its Plant in Tamil Nadu which is located in Thoothukudi and is a decommissioned Sterlite Copper Plant. According to Vedanta, their factory has around 2 oxygen plants and is expecting to manufacture around 1,050 tones combined from both the plants on a daily basis.


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    SAIL

    Steel Authority of India Limited (SAIL) is a steel manufacturing company. It is an enterprise which is owned by the Government of India. The company has its headquarters located in New Delhi, India.

    According to a report from SAIL, the company has supplied around 35,000 tones of liquid oxygen from its manufacturing plants. The oxygen is said to have a purity of around 99.7 %.

    The manufacturing plants of SAIL are located in Bokaro plant which is in the state of Jharkhand, Bhilai plant which is in the state of Chhattisgarh, Rourkela plant which is in the state of Odisha, Durgapur plant and Burnpur plants.

    IOL and Bharat Petroleum

    Indian Oil Corporation (IOL) is an oil and gas corporation which is under the Government of India. It has its headquarters located in New Delhi, India. It is the largest commercial oil company in the country.

    Bharat Petroleum Corporation Limited (BPCL) is also an oil and gas corporation which is under the Government of India. It has its headquarters located in Mumbai, India, it is the second largest commercial oil company in the country.

    IOC and BPCL have also started supplying medical oxygen from their plants. They have begun redirecting the oxygen that are generated in their refineries to provide medical oxygen to the states that are affected by Covid-19.

    They have supplied oxygen to various hospitals such as Delhi, Punjab and Haryana. IOC has begun supplying around 150 tonnes of oxygen on a daily basis and BPCL has begun supplying around 100 tonnes of oxygen on a daily basis for free of cost.


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    Rashtriya Ispat Nigam Limited

    Rashtriya Ispat Nigam Limited is a steel producer company. The company has its headquarters in Vishakhapatnam, India. Rashtriya Ispat Nigam Limited has provided liquid oxygen to Andhra Pradesh and other states that are affected by Covid-19.

    They have added 5 units of oxygen extraction plants in which 3 plants have the capacity to produce around 550 tones on a daily basis and the other 2 units will have the capacity to produce around 600 tones on a daily basis.

    The company is producing around 100 tones of liquid oxygen and around 2,600 tones of gas oxygen on a daily basis.

    IFFCO

    Indian Farmers Fertilizer Co-operative Limited (IFFCO) is a Multi-state cooperative society which has its headquarters in New Delhi, India. They are involved in the manufacturing and marketing of fertilizers.

    IFFCO has said that in the next 15 days they would set up 4 oxygen plants for an approximate rate of around INR 30 crores. The plants will be created in Paradise (Odisha), Aonla, Phulpura (Uttar Pradesh), and Kalol (Gujarat).

    FAQ

    Is US helping India with Covid?

    As per the Officials the U.S. is trying to help India deal with its coronavirus surge.

    How much vaccination is done in India?

    India has completed 14 crore COVID-19 vaccine doses in total 99 days.

    Which company made Covaxin vaccine?

    Covaxin has been developed by Hyderabad-based company Bharat Biotech in collaboration with the Indian Council for Medical Research (ICMR) and the National Institute of Virology.

    Conclusion

    This is a major step taken by these companies to help the society and the citizens of the country. Mostly all the companies have been providing the oxygen for free of cost. We may be able to see a lot more companies coming together to support the country from a big crisis.