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Chemoil Adani interested to develop bunkering facility

Chemoil Adani interested to develop bunkering facility

To develop a bunkering facility at Chennai port, Chemoil Adani, a joint venture between Chemoil and Adani, has expressed its keen interest. The Indian Oil Corporation is the only supplier of bunker – fuel oil used aboard ships – in Chennai. Mundra, Colombo and Kochi ports have developed bunkering facility. The Kandla port has also taken initiative to improve this facility, say media reports.

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Portman joins UK firm Nectar Group

Portman joins UK firm Nectar Group

Portman India has collaborated with
UK-based Nectar Group and entered into 50:50 joint venture (JV) contract with it for professional services in design, development and operations of ports and terminals in India.

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Railways explores to set up JV nuke plant

Railways explores to set up JV nuke plant

The present peak power requirement of Indian Railways is around 4000 mega watt (mw). Preliminary discussions have been held with Nuclear Power Corporation of India (NPCIL) for exploring the possibility of setting up of a nuclear power plant of 1,400 mw capacity in Joint Venture with them.

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RINL may rope in NMDC for Rs 20 bn STML project

RINL may rope in NMDC for Rs 20 bn STML project

Rashtriya Ispat Nigam' (RINL) may rope in either MOIL or NMDC for its Rs 2,000 crore joint venture project as BHEL is bot keen on the project. Earlier, BHEL and RINL planned to set up a seamless tube mill (STML) with an annual production capacity of four lakh tonne per annum. BHEL requested NMDC to join in the proj

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IGS to supply gas to India

IGS to supply gas to India

Global oil and gas major BP plans to sell some of the US Freeport liquefied natural gas (LNG) in India through its joint venture firm Indian Gas Solutions (IGS). It may be recalled that IGS is a joint venture between BP and Mukesh Ambani-promoted Reliance Industries,. BP earlier agreed to buy 4.4 mn tpa of liquefaction tollin

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Severstal not keen on NMDC’s 3 mn t steel project

Severstal not keen on NMDC’s 3 mn t steel project

CS Verma, Chairman of NMDC informed media persons that the Russian company Severstal did not show much interest on the 3 million-tonne-a-year steel plant project and hence the former may implement it as an NMDC-only project. In 2010, both the firms signed initial agreements for the project and it is not known why Severstal is not interested in the project

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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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AP govt takes steps to boost oil and gas sector

AP govt takes steps to boost oil and gas sector

Andhra Pradesh government has taken a series of initiatives to promote oil and gas projects in the state. For example, the state government is keen to expedite an LNG re-gassification terminal project – a floating one with a capacity of 3.5 mn tpa in Kakinada, which is to be upgraded to 5 mn tpa. AP Gas Distribution Corporation Limited (a joint venture of Gail Gas and AP Gas Infrastructure Corporation) and

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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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JV firm to operate new container terminal in Mundra port

JV firm to operate new container terminal in Mundra port

The new container loading facility at Mundra port in Gujarat would be run by a joint venture (JV) between Mediterranean Shipping Co SA (MSC) and Adani International Container Terminal Pvt Ltd. Adani Ports and Special Economic Zone (APSEZ) formed the 100 percent subsidiary, Adani International Container Terminal Pvt Ltd, for developing the container terminal and associated facility at the south basin in Mund

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