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Chennai refinery expansion cost goes up over Rs 3,600 crore, says IOC
Petroleum - Mar 29,2024
Indian Oil Corporation (IOC) plans to increase its stake in the joint venture constructing a 9 million tonnes refinery in Chennai to 75% due to a project cost escalation of over 12%. Originally, IOC a .

Prataap Snacks Limited inaugurates new facility in Jammu and Kashmir
Food Processing - Mar 28,2024
Prataap Snacks Limited announces the commencement of commercial production at its new unit in Jammu and Kashmir. The facility will produce various snacks, including extruded namkeen snacks and popcorn .

Shyam Metalics receives LoI for iron block in Maharashtra
Metallurgical Industries - Mar 28,2024
Shyam Metalics and Energy's JV, Natural Resources Energy, secured a letter of intent for the Surjagad-1 iron ore block in Maharashtra, covering 1,526 hectares. Dorite Tracon, a promoter company o .

ONGC to drill well for oil and gas in Bihar
Petroleum - Mar 27,2024
ONGC intends to drill wells in Bihar and Uttar Pradesh for oil and gas exploration, utilizing 3D seismic data acquired for its Samastipur block. The first drilling, estimated at Rs 30 to 35 crore, aim .

Prestige Estates inks pact with Marriott for 6 hotels in India
Hospitality and Healthcare - Mar 21,2024
Prestige Estates Projects and Marriott International are collaborating on six hotel projects in India, to be completed within two to five years. With an investment of approximately Rs 1,000 crore, the .

ARS Group to operationalise TMT bars expanded capacity by June 2024
Metallurgical Industries - Mar 20,2024
ARS Steels and Alloy International (ARS Group) targets June 2024 for the launch of its expanded TMT bars capacity. The group secured environmental clearance for its Rs 100-crore expansion project in G .

Delhi Governor gives nod to set up special economic, free trade zones at airport
Infrastructure - Mar 18,2024
Lieutenant-Governor VK Saxena greenlights a Special Economic Zone (SEZ) and Free Trade Zone (FTZ) spanning five acres at IGI Airport, aiming to boost logistics, economy, and job creation. The move ali .

MKC Infra wins Indore Western Bypass’ Package 1 contract
Infrastructure - Mar 14,2024
MKC Infrastructure secured the bid for Package 1 of the Indore Western Bypass project, forming part of the larger Indore Ring Road initiative. Despite initial disqualification, they rectified bid issu .