CapEx News

Tamil Nadu to get Rs 54,000 crore project including a refinery

Petroleum Jul 07,2023

Indian Oil Corporation Limited (IOCL), Chennai, will invest Rs 54,000 crore in various projects in Tamil Nadu, including a 9 MMTPA grass-root refinery in Nagapattinam. The refinery will produce polypr

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Vizag refinery to operate at expanded capacity from early 2024

Petroleum Jul 07,2023

Hindustan Petroleum Corp Ltd (HPCL) aims to operate its Vizag refinery at full capacity by early next year. With the addition of new secondary units, including a 9 million tonnes per year crude unit,

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JV signed to advance biofuels production capacity in India

Petroleum Jul 07,2023

Indian Oil Corporation Limited (IOCL) and Praj Industries Limited (Praj) have signed a term sheet to enhance India's biofuel production capacity. The memorandum of understanding (MoU) includes va

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PNGRB proposes natural gas pipeline between Jammu and Srinagar

Petroleum Jul 05,2023

The PNGRB has suggested constructing a natural gas pipeline from Jammu to Srinagar in Jammu & Kashmir to address the region's energy requirements. The downstream regulator has initiated a public

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REC to lend Rs 4,785 crore for refinery project in Rajasthan

Petroleum Jul 05,2023

REC Limited will lend HRRL (a partnership between Hindustan Petroleum Corporation Ltd. and the Rajasthan government) Rs 4,785 crore for their project in Barmer, Rajasthan. HRRL is establishing a green

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Leading consortium starts production at crucial facility

Petroleum Jul 03,2023

Reliance Industries Limited (RIL) and BP PLC have commenced production from the MJ field, marking the start of their third significant deepwater development in block KG D6 off the coast of India. The

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3600-metre pipeline installed across Subansiri River in Assam: Details inside

Petroleum Jun 28,2023

Ace Energy Infrastructure has constructed a 3600-meter pipeline with a 24-inch diameter across the Subansiri River in Assam. The project, undertaken by Indradhanush Gas Grid Ltd., aimed to extend the

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Assam Cabinet approves Rs 823 crore investment in Numaligarh Refinery

Petroleum Jun 26,2023

The Assam cabinet has approved an investment of Rs 823 crore for the expansion project of Numaligarh Refinery Ltd. The project, costing Rs 28,026 crore in total, will increase the refinery's capa

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