Agency reports suggest that Rashtriya Ispat Nigam (RINL) would invest Rs 2,000 crore in 2013-14 if it secures a captive iron ore mine in Andhra Pradesh. If it fails to secure a captive mine in Andhra Pradesh, the corporate entity of Vizag Steel would invest Rs 1,200 crore on capital expenditure for 2013-14, agency reports quoted a top official of the firm as sayin
Tag: capital expenditure
Post
Post
IOC to upgrade refining capacity
State-run oil refiner Indian Oil Corporation (IndianOil) plans to upgrade itself to process heavier crude. In the first phase of its expansion plan, the company invested substantially to process high sulphur crude. In the second phase, it is looking at upgrading itself to pro
Post
CPSEs have Rs 2.84 trillion cash
Minister of heavy Industries and Public Enterprises Praful Patel informed Lok Sabha that Central Public Sector Enterprises (CPSEs) have Rs 284,153.22 crore cash and bank balances at present. Further, it is learnt that 17 state-run firms, including, ONGC, OIL and NTPC, committed to invest over Rs 1.63 lakh crore during 2012-13
Post
Coke oven battery of Tata Steel goes on stream
As part of its ambitious 9.7 million tonne per annum expansion project in its Jamshedpur facility, Tata Steel commissioned a new coke oven battery No 10 and by-product
Post
OIL mulls 19K cr capex
Oil India (OIL) targets Rs 19,000-crore capital expenditure during the 12th Five Year Plan. The explorer is also planning to foray into other sources of energy such as solar and wind.
Post
Orissa discoms invested Rs 1,426 crore on capex
Central Electricity Supply Utility of Orissa (Cesu), Northern Electricity Supply Company of Orissa (Nesco), Southern Electricity Supply Company of Orissa (Southo) and Western Electricity Supply Company of Orissa (Wesco) have together invested Rs 1,425.58 crore on capital expenditure since the privatisation of electricity distribution in the state.
Post
Oil PSUs capex at Rs 74,800 cr
Oil majors like ONGC will invest over Rs 74,800 crore in capital expenditure in 2011-12 fiscal.
- 1
- 2