HPCL and GAIL India Ltd have signed a pact with Andhra Government for setting up a Rs 40,000 crore petrochemical plant in the state. The 50:50 joint venture will set up a 1.5 MT ethylene derivatives plant, which will produce a wide range of petrochemical raw materials for the manufacture of detergents, paints and coatings, cosmetics, textiles and adhesives.
Author: admin (Infratructure Today)
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Cairn gets nod for 64 exploratory wells
A committee under the Ministry of Environment, Forests and Climate Change has given the green signal to Cairn India for undertaking drilling works of 64 exploratory and appraisal wells in KG-OSN-2009/3 block in KG basin at Prakasam and Guntur districts of Andhra Pradesh.
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CIL hikes coking coal prices by over 20percent
Coal India subsidiary, Bharat Coking Coal, has raised prices of coking coal used in sponge iron making by a minimum of 20 per cent. It has also linked prices of premium grades of coking coal with the import prices.
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Petroleum sector attracts FDI worth $1.18 billion in last two fiscals
The oil & gas sector has attracted foreign direct investments worth $ 1.18 billion in the past two financial years between April 2014 and March 2016, the government said in its ĆĀ“achievement reportĆĀ“ for the petroleum sector.
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PE inflows into real estate sector up 62percent to Rs.38,000 cr
Private equity inflows into the countryĆĀ“s real estate sector surged 62 per cent to Rs 38,000 crore, during 2016, largely helped by ParliamentĆĀ“s clearance of two significant legislations - the Real Estate (Regulation and Development) Bill and GST, says a report.
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Oil PSUs plan major investments in Andhra Pradesh
Major oil public sector units are planning to invest over Rs 1.43 lakh crore in Andhra Pradesh in coming years which would create jobs for thousands of people in the state, according to Oil Minister Dharmendra Pradhan.
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GAIL plans to raise Rs.750 cr via bonds
GAIL (India) Ltd is planning to raise Rs 750 crore in bonds via private placement to finance its ongoing projects.
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Siemens receives Rs.366 cr ONGC order
Siemens Ltd has announced that it has received an order worth approximately Rs 366 crore from Oil and Natural Gas Corporation Limited (ONGC). The order includes supply of material for overhauling of 18 power turbines through zero-hour overhaul and time-continued overhaul.
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ReNew Power plans to raise $450 mn
ReNew Power Ventures has launched a sale of bonds to overseas investors to raise $450 million.
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Minister of Railways unveils ĆĀ“Mission 41kĆĀ“
Minister of Railways Suresh Prabhu unveiled ĆĀ“Mission 41kĆĀ“ during a roundtable discussion with external stakeholders on energy initiatives taken up by the Indian Railways.