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Slow, Stable & Steady

Slow, Stable & Steady

The continuous fall in crude oil prices have come as a major relief for the Indian economy. Oil cartel OPEC´s decision to not cut production despite the dip in oil prices coupled with a slowdown in a few major economies have meant that crude will continue to come under pressure in the first half of 2015.

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Story of an engineering art deco

Story of an engineering art deco

Octamec Engineering Limited founded in 1983 by a dynamic Aeronautical Engineer from Mangalore Mr. Navin Hegde who introduced 1st time ever in India, a marvelous engineering solution which provided a free span column free lightweight engineering structure technology called SPACEFRAMES.

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Mega refinery project in Rajasthan

Mega refinery project in Rajasthan

The Union Cabinet has recently approved the proposal of Hindustan Petroleum Corporation (HPCL) to set up a 9 mmtpa greenfield refinery-cum-petrochemical complex in Barmer district in Rajasthan.

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HPCL does not have oil import contract with NIOC

HPCL does not have oil import contract with NIOC

Media reports indicate that Hindustan Petroleum Corporation (HPCL) does not have any crude-lifting contract with National Iranian Oil Company (NIOC) for 2013-14. This is because NIOC turned down the proposal of HPCL
to have only an optional contract of 1 million tonne with the f

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HPCL may choose Pachpadara site for refinery project

HPCL may choose Pachpadara site for refinery project

Media reports indicate that Hindustan Petroleum Corporation (HPCL) may prefer Pachpadara over Leelala for setting up the proposed refinery in a joint venture with Rajasthan government. It may be recalled that Engineers India (EIL) recommended HPCL to choose Pachpadara for the project. Also, the state Task Force approved the setting up of the refinery at Pachpadara over Leelala. The nine milli

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Cabinet to decide on Rs 372 bn refinery project

Cabinet to decide on Rs 372 bn refinery project

Media reports indicate that the union cabinet would soon decide on clearing the Rs 37,230 crore refinery project at Barmer, Rajasthan. It is learnt that the central government prepared a note for the cabinet on this project, which is promoted by the state-run Hindustan Petroleum Corporation (

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SP Ports, HPCL to form JV for Rs 50 bn project

SP Ports, HPCL to form JV for Rs 50 bn project

SP Ports Pvt Ltd and Hindustan Petroleum Corp (HPCL) would soon sign a 50:50 joint venture agreement for setting up a liquid natural gas (LNG) terminal at Chhara in Gujarat. The state-run HPCL and the Shapoorji Pallonji group company would invest about Rs 5,000 crore on the terminal project, which is intended to

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New location found for Rs 372 bn project of HPCL

New location found for Rs 372 bn project of HPCL

A 15-member task force identified new location about 6 km away from Pachpadra in Barmer district of Rajasthan for the proposed Rs 37,230 crore refinery cum petro-chemical complex to be set up by Hindustan Petroleum Corporation. The new location is found to be qualitatively better than Leelala which was proposed earlier and the former is most suitable as per HPCL's Techno Commercial, Tech