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.
Tag: GAIL India Ltd
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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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HPCL, GAIL sign pact with AP for Rs 40,000 crore petro project
Hindustan Petroleum Corp Ltd (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.
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GAIL plans to raise Rs 750 crore through bonds issue
GAIL (India) Ltd is planning to raise Rs 750 crore in bonds via private placement to finance its ongoing projects. The company has decided to issue non-convertible bonds of up to Rs 750 crore with an option to double the issue size via private placement in one or more tranches, GAIL said in a statement.
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Shipping ministry to procure LNG vessels
The ministry of shipping has signed a memorandum of understanding with the Inland Waterways Authority of India (IWAI) and Petronet LNG Ltd at the Maritime India Summit in April, with the objective of promoting the usage of LNG barges on National Waterway-1 on the river Ganga.