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The State-owned Hindustan Petroleum Corporation Limited is likely to set up a petrochemical complex with a Greenfield refinery either at Kakinada or Nakkapalli with a total investment of $8 billion...Hyderabad on Tuesday expressed its willingness to
Assam oil field revival plan and an LNG import terminal in Gujarat. "The CCI on December 9 approved five delayed projects involving an investment of Rs 7,947 crore," Oil Minister M Veerappa Moily told reporters here...The Assam renewal project seeks
Mumbai after skipping them for more than two months, Thomson Reuters data showed. The state-owned refiner has sold 25,000 tonnes of naphtha for December 17-19 loading from Mumbai to trading house Mercuria at premiums of about $18 a tonne to Middle
Nishi Vasudeva has been chosen as Roychoudhury's successor and would be the country's first woman to head an oil company...Sudhir Vasudeva's case and a formal proposal is reportedly being drafted...Vasudeva was appointed in October 2011 and would
In all major cities, OMCs are facing problems, as real estate prices are going up and the land owner does not want to renew the lease. "If this diktat comes in place, it will multiply our problems, said a senior official from Hindustan Petroleum
Tuesday reported an 86 per cent drop in second-quarter profit after it received lower fuel subsidy and refining margins dropped...After accounting for upstream share and government compensation, we had a net under-recovery (revenue loss) of Rs...
NewsApp NewsApp (Free) Read news as it happens Available on Rediff News All News I raq is willing to double the credit period on crude sales to 60 days if Indian refiners buy more in 2014, the head of refineries at Hindustan Petroleum said.
The BSE Oil & Gas Index came under pressure on Wednesday and was the second largest loser among the BSE sectoral indices, after the BSE Banking Index, as sentiment turned bearish after oil minister Veerappa Moily ruled out any sharp increase in
Information and Broadcasting Minister Manish Tewari said, the 37,229 crore rupees project will ensure augmenting refinery capability of the country...The project cost is proposed to be sourced with a detbt/equity ratio of 1.5:1. Total equity
Rs 37,229 crore (Rs 372.29 billion) refinery-cum-petrochemical complex in Rajasthan, just ahead of the planned foundation stone laying of the project by United Progressive Alliance Chairperson Sonia Gandhi. Gandhi is scheduled to lay foundation stone