News archive

Gujarat CM approves lift irrigation project

Gujarat CM approves lift irrigation project

Gujarat Chief Minister Vijay Rupani has in-principle approved an Rs.73.27-crore lift irrigation-cum-pipeline project to fill up 26 ponds and to irrigate 1,600-hectare land in 12 predominantly tribal villages...
03 August 2020
EC granted for expansion of IOC’s Gujarat refinery

EC granted for expansion of IOC’s Gujarat refinery

The Ministry of Environment, Forest and Climate Change has accorded environmental clearance (EC) for the Indian Oil Corporation’s expansion/modernisation of refinery located at Vadodara district of Gujarat....
03 August 2020
Reliance becomes world's 2nd most valuable energy firm

Reliance becomes world's 2nd most valuable energy firm

Reliance Industries has overtaken ExxonMobil to become the world's second most valuable energy company after its market capitalisation scaled to a record high of over Rs 14 lakh crore. The oil-to-telecom...
03 August 2020
SRF board approves setting up chloromethane plant

SRF board approves setting up chloromethane plant

SRF Ltd said that its board has approved setting up of an additional chloromethane facility at Dahej in Gujarat at Rs 315 crore. In a regulatory filing, the company also said its consolidated net profit...
03 August 2020
NPCIL to build four more atomic power units in 2020

NPCIL to build four more atomic power units in 2020

India's atomic power plants operator Nuclear Power Corporation of India Ltd (NPCIL) plans to start construction of four more nuclear power units this year, said a top official of the Atomic Energy Commission...
03 August 2020
ONGC to raise Rs 5000 crore through NCDs

ONGC to raise Rs 5000 crore through NCDs

ICRA Ratings has assigned AAA stable rating to Oil and Natural Gas Corporation Ltd's (ONGC's) Rs 5000 crore non-convertible debentures (NCDs) due to ONGC's dominant market position in the domestic crude...
03 August 2020
GAIL estimates 21% rise in cost for its new unit

GAIL estimates 21% rise in cost for its new unit

GAIL (India) Ltd has raised by over 20% to Rs 9.10bn the estimated cost of adding a polypropylene unit at its Pata petrochemical complex in Uttar Pradesh, primarily on account of some offsite storage facilities...
03 August 2020
Sanyata expands: switchboxes and control stations

Sanyata expands: switchboxes and control stations

Sanyata Actuation and Fluid Engineering (S.A.F.E.), has launched two new and exciting products. The SAFEBox series of limit switch boxes are available in IP68 and ATEX versions. These switch boxes are...
03 August 2020
Azerbaijan oil sector’s investments exceed $106bn

Azerbaijan oil sector’s investments exceed $106bn

Energy Minister Parviz Shahbazov said that USD 106bn was invested in Azerbaijan’s oil sector in the period between 1995 and 2019. During the period, out of USD 140bn of foreign investments in Azerbaijan,...
03 August 2020
ICOFC to set up pressure boosting stations

ICOFC to set up pressure boosting stations

Iranian Central Oil Fields Company (ICOFC) is going to implement a USD 600M project for setting up pressure boosting stations to ensure sustained gas supply to refineries in the country’s central regions....
03 August 2020