A fire broke out at the Pachpadra Refinery-cum-Petrochemical Complex in Balotra, prompting swift action from emergency services to bring the blaze under control. The incident occurred just a day before Prime Minister Narendra Modi’s planned visit to inaugurate India’s first greenfield integrated refinery-petrochemical complex, an energy-sector milestone expected to reshape capacity and investments.
For decades, GAIL built and ran India’s gas pipeline network, but a PNGRB expert committee now wants sweeping reforms. Among the most contentious ideas: pipeline operations should be independent from gas trading, to prevent conflicts of interest. GAIL is pushing back hard, and the ruling could reshape competition and influence how affordable clean energy becomes for millions.
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Energy sector mutual funds have rallied nearly 12% over the past three months, outpacing other fund categories as global energy prices climb. Analysts say the move may be cyclical rather than guaranteed. They recommend existing investors book partial profits, while new investors consider SIP or STP to reduce entry-time risk.
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