Hindustan Oil Exploration Company commences drilling of Well KSG-71 in Kharsang Block
The Kharsang Block encompasses an area of about 10 square kilometers in the Assam Arakan Basin. Geoenpro Petroleum, a wholly owned step-down subsidiary of HOEC, is the Operator of the Block with 10% Participating Interest (PI). HOEC holds 25% PI in the Block, resulting in a combined PI of 35% in the Block.
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Paytm share price drops 3.5% after hitting 52-week high. Should you buy, sell or hold after Q1 profit?
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Masterstroke by Modi govt as Russia agrees to...., India set to boost it's arsenal by buying deadly weapons like...
Masterstroke by Modi govt as Russia agrees to...., India set to boost it's arsenal by buying deadly weapons like... Russian President Vladimir Putin is coming to Delhi in September this year to participate in the annual summit between India and Russia. This is the first time that the Russian President is visiting India since war with Ukraine. During this time, Russia is expected to offer both conventional and nuclear submarines and long-range cruise missiles. What is Russia expected to offer? According to reports, Russia is offering the lease and transfer of a second Akula class nuclear-powered attack submarine, at least six refurbished Kilo class submarines and 1500-kilometer-range Caliber cruise missiles. India currently has 17 conventional submarines, two-thirds of which were purchased in the 1980s and now these submarines are getting old. Their service life is ending. Therefore, India now needs new submarines. What are the benefits to India from Russia's proposal? Russia has been India's largest defense equipment supplier for the last five decades. Even today, 60% of India's military assets are of Russian origin, including T-72 and T-90 tanks, Kilo class submarines, and most importantly SU-30MKI fighter jets. The BrahMos supersonic cruise missile, which India recently used to attack Pakistani airbases during Operation Sindoor, is a joint project of Russia and India. Although in the last few years India has reduced its dependence on Russia alone and started buying weapons from countries like Israel, South Korea, Germany, France and the US, Russia still remains India's largest defense partner. Why is Russian President's visit to India very important? This visit of Putin will be his first visit to India after the Russia-Ukraine war. This comes after Prime Minister Narendra Modi visited Moscow on his first bilateral visit after becoming PM for the third time in July 2024 last year to participate in the 22nd India-Russia dialogue. Now, ahead of the 23rd dialogue, Russia is making offers to India in areas where the US cannot compete, such as nuclear submarines, long-range cruise missiles and S-500 air defense systems. The US has neither sold nor leased its nuclear submarine to any country till date. Apart from this, the US has also given its Tomahawk missile only to Britain. In such a situation, Russia remains the only most reliable option for India. The 1500 km range Caliber land-attack cruise missile is considered a major strategic offer from Russia.
