We will be targeting customers from ME region
The current market scenario for power is quite robust for the next few years as the demand for power will increase, so it will for the power backup industry. As this is a growing economy and the same will reflect in the demand for power.
Govt wooing global oil giants to invest in India
Petroleum and natural gas minister Dharmendra Pradhan wants to make India a refining and petrochemicals hub and is wooing international energy majors such as Saudi Aramco and Sabic to invest in India´s refining and petrochemicals sector
BHEL wins Rs.220 crore order for ESP package
Bharat Heavy Electricals Limited (BHEL) has said that it had won a Rs 220 crore contract for the supply and installation of the electrostatic precipitator (ESP) package for the 2x800 MW Darlipali Supercritical Thermal Power Project (STPP) in Odisha.
Required, Rs.1 lakh cr power equipment!
Yes, you heard it right. With the government on an awarding spree and banks lining up to fund new projects worth more than Rs 2 lakh crore, equipment procurement by independent power producers is likely to gain pace by at least 10 per cent from the current level of 6 per cent in next two year.
We expect a lot of consolidation
The growth in the BoP sector in the immediate future will remain calibrated, says Rakesh Amol, President - Infrastructure Business, KEC International Ltd.
Further, the banking industry is going to start bleeding from NPAs reports indicate that State Bank of India alone has an exposure to the miners involved to the extent of Rs 4,000 crore.
Aegis Logistics forms JV with Itochu for LPG sourcing
Aegis Logistics is forming a JV with Japan´s Itochu Petroleum Co. for its Singapore based LPG sourcing and supply business. For the JV, Aegis will be divesting its 40 per cent stake in its Singaporean subsidiary, Aegis Group International Pte Limited, for a consideration of $5.85 million.
Crude likely to stay below $100/bbl
Brent crude has gone below $100 a barrel for the first time in two years. Analysts believe crude oil prices should remain soft through the year, as the International Energy Agency has cut global oil consumption estimate from 1.3 million barrels per day in January to 0.9 million barrels per day at present
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