New Delhi:State-owned Oil and Natural Gas Corporation (ONGC) on Friday said its board has given in-principle approval to develop a 1.75 million tonne strategic petroleum reserve at Mangaluru, expanding India's emergency crude oil storage capacity. The project, along with associated facilities, will be developed as the Phase-I extension of the Mangaluru strategic petroleum reserve, the company said in a stock exchange filing. Without giving financial details or the timelines of the project, ONGC said its board also authorised the company to engage with the central government on expanding commercial utilisation of the facility, subject to the required regulatory support. India's strategic petroleum reserve (SPR) programme was launched to strengthen the country's energy security.

REC to fund green

energy projects

New Delhi: State-owned REC Ltd on Friday said that it has inked two initial pacts with Tripura to finance power and renewable energy projects worth Rs 15,000 crore. The MoUs were signed during the Destination Tripura Business Conclave 2026, reflecting REC's continued commitment to enabling sustainable development and strengthening power infrastructure in the Northeast, a company statement said. Under the first MoU, REC Ltd has partnered with the Tripura Renewable Energy Development Agency (TREDA) to provide financial assistance for renewable energy projects worth up to Rs 5,000 crore.

Advait Energy bags

` 251 cr worth orders

New Delhi:Advait Energy Transitions on Friday said the company has secured new orders worth over Rs 251 crore in the domestic market. The four projects secured from Paschim Gujarat VIJ Company Ltd (PGVCL) will be completed within 18 months, the company said in a regulatory filing. The orders include the conversion of 11 kV HT and LT line network into an underground cable network at various locations in Gujarat, the company informed the stock exchanges. Ahmedabad-based Advait Energy Transitions offers end-to-end solutions for power transmission, substation and telecommunication infrastructure.

IHCL to start Vivanta hotel in Gurugram

New Delhi:Tata Group-owned Indian Hotels Company (IHCL) announced the opening of the 154-key Vivanta Gurugram Sector 95A, marking the hospitality player's eighteenth hotel in the National Capital Region (NCR). Deepika Rao, Executive Vice President - New Businesses and Hotel Openings, IHCL, said, "Gurugram continues to be one of India's most dynamic commercial centres, supported by strong corporate demand and infrastructure growth. The opening of Vivanta Gurugram strengthens IHCL's presence in NCR and expands Vivanta's footprint in a high-growth market."

Salasar aims for 20% revenue growth

New Delhi:Salasar Techno Engineering Ltd, which provides infrastructure solutions across many sectors, is targeting 20 per cent growth in its revenue this fiscal to Rs 1,800 crore, driven by strong order book. The Noida-based company posted a Rs 1,511.89 crore revenue during FY26 from Rs 1,454.69 crore in the preceding year. Its profit, however, declined to Rs 17.21 crore from Rs 19.10 crore. The expected growth outlook is supported by an order book of about Rs 2,500 crore.