Saturday, Apr 27 2024 | Time 06:25 Hrs(IST)
image
Business EconomyPosted at: Jan 6 2016 6:47PM


Oil companies invest Rs 28,750 crore for switch over to BS-IV auto fuels

New Delhi, Dec 6 (UNI) Keeping in view the rising pollution level, state-owned oil companies will invest Rs 28,750 crore for switching over to BS-IV auto fuels.
The decision was taken today in a meeting between Oil and Petroleum Minister Dharmendra Pradhan, Minister for Road Transport & Highways Nitin Gadkari, Minister for Heavy Industries & Public Enterprises Anant Gete , and Prakash Javadekar, Environment, Forests & Climate Change.
Keeping in view the environmental impact, rising pollution levels and consequent health hazards due to vehicular pollution, Ministry of Petroleum & Natural Gas is of the view that the country should switch over directly from BS-IV to BS-VI fuel standards.
It was noted in the meeting that the BS-IV auto fuels have already been introduced in some parts of the country and will be introduced in the entire country by April, 2017.
It was also decided that the country will leap frog directly from BS-IV to BS-VI fuel standards which will be implemented in the country with effect from April, 2020.
To discuss details of fuel specifications and other relevant issues of BS-VI auto fuels, a group of concerned Secretaries will be formed which will give its report within two weeks.
UNI ABI AS1847
Please log in to get detailed story.
Tags: #Oil companies invest Rs 28#750 crore for switch over to BS-IV auto fuels
More News
Sensex nosedives 609 28 pts

Sensex nosedives 609 28 pts

26 Apr 2024 | 5:26 PM

Mumbai, April 26 (UNI) Snapping a winning streak of last five sessions, the BSE Sensex on Friday, the last session of the week, tanked 609.28 pts to settle at 73730.16 amid mixed global cues.

see more..
Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

26 Apr 2024 | 5:00 PM

New Delhi, April 26 (UNI) On the back of solid volume growth, the country's largest carmaker Maruti Suzuki on Friday reported 47.80% jump in standalone net profit at Rs 3,877.8 crore for January-March period (Q4) of financial year 2023-24.

see more..

Shriram Finance net jumps 57 pc to Rs 2,021 cr in Q4

26 Apr 2024 | 3:52 PM

New Delhi, April 26 (UNI) Shriram Finance on Friday reported 56.91% year-on-year jump in consolidated net profit at Rs 2,021.28 crore for the January-March period (Q4) of financial year 2023-24.

see more..
Maruti Suzuki gets show-cause notice from Legal Metrology dept

Maruti Suzuki gets show-cause notice from Legal Metrology dept

26 Apr 2024 | 2:39 PM

New Delhi, April 26 (UNI) The country's leading carmaker Maruti Suzuki India on Friday said that it has received a show-cause notice from the Legal Metrology office in Rishikesh, Uttarakhand.

see more..

Onkar Kanwar gets Lifetime Achievement Award

26 Apr 2024 | 2:08 PM

Kochi, April 26 (UNI) Chairman of Apollo Tyres Ltd, Onkar Kanwar, has been conferred with the Lifetime Achievement Award at the All India Management Association (AIMA)’s Managing India Awards ceremony.

see more..
image