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L&T bags international contracts
April 2019
The heavy engineering arm of Larsen & Toubro has won significant contracts for critical reactors, equipment and systems for process plant sector, against stiff global competition.
BPCL to skip Iran oil purchases in October
October 2018
Due to a turnaround at its plants, Bharat Petroleum Corporation (BPCL) will be skipping the purchase of Iranian oil in October. However, the refiner will be lifting 1 million barrel of Iranian oil in September.
BPCL to set up Rs 7.47 billion ethanol project in Odisha
August 2018
Bharat Petroleum (BPCL) will be setting up a second-generation ethanol bio-refinery with a capacity of 100 KPLD in Baulsingha village in Bargarh district in an area of 58.44 acres in Odisha.
NOCL seeks shareholders´ nod for 47percent stake sale
January 2017
Hyderabad-based Nagarjuna Oil Refinery Ltd will seek shareholders´ approval to sell its 46.78 per cent stake in Nagarjuna Oil Corporation Ltd (NOCL), which is setting up a 6-million-tonne oil refinery in Tamil Nadu, to Allied Machineries and Resources Holdings Inc of Ras Al Khaimah (AMR Group).
Numaligarh refinery is first oil PSU to achieve 100percent e-invoicing
December 2016
Assam-based Numaligarh Refinery Limited (NRL) has become the first public sector oil company in India to completely do away with manually signed hard-copy invoices and replaced them with digitally signed ones.
Centre to invest Rs.15,000 cr to expand Panipat refinery
November 2016
The Centre will invest Rs.15,000 crore to increase the capacity of Panipat refinery from existing 15 million tonnes (MT) to 25 MT, Union Oil Minister Dharmendra Pradhan said.
IOC charts Rs 1.8-trillion capex
October 2016
State-run refiner Indian Oil Corp will invest Rs.1.8 trillion in the next six-seven years to ramp up capacities in refineries and gas pipeline. IOC Chairman B Ashok said inventories have helped in improving gross refining margins (GRM) to $9.9 per barrel in Q1, which may not be sustained during the rest of the year.
NRL signs bio-refinery termsheet with Finland´s Chempolis Oy
June 2016
Numaligarh Refinery Limited (NRL), as part of its efforts to implement its bio refinery project, the first in the country, has signed a bio refinery termsheet with Finlands Chempolis Oy in New Delhi.
Diesel taxi ban in Delhi won´t hit PSU refineries | Pradhan
June 2016
The ban on diesel taxis in the national capital as well as the temporary ban on sales of vehicles with diesel engines above 2,000 cc capacity will not have any impact on the countrys public sector refinery-cum-retailers.
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