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Petroleum Sector News & Updates - June 13, 2024

BPCL planning to set up new refinery worth Rs 50,000 crore
Petroleum   -  Jun 11,2024
BPCL plans to establish a new 12 MMTPA refinery, investing around Rs 50,000 crore. Potential locations include Andhra Pradesh, Uttar Pradesh, and Gujarat. This initiative aims to meet rising fuel dema .

BPCL offers 52 MW solar project in UP
Petroleum   -  Jun 06,2024
BPCL has issued a tender for a 52 MW solar power project in Prayagraj, Uttar Pradesh, with bid submissions due by June 21, 2024. Bidders must quote O&M charges and provide a minimum of Rs 1 million/MW .

BPCL boosts capabilities with new hydrant facilities at Manohar International Airport
Petroleum   -  May 22,2024
Bharat Petroleum Corporation Limited (BPCL) inaugurated advanced hydrant facilities at Manohar International Airport, Goa. This strategic move aims to meet escalating refueling demands at the new airp .

SPIC plans Rs 970 crore expansion with Green Ammonia Unit
Petroleum   -  May 20,2024
Southern Petrochemical Industries Corporation Ltd (SPIC) launches a ₹970 crore capital expenditure program to expand urea capacity and establish a green ammonia plant. The plan includes revamping th .

Nayara announces foray into ethanol production with investment of Rs 600 crore
Petroleum   -  May 15,2024
Nayara Energy Ltd is investing ₹600 crore to build two ethanol plants in Andhra Pradesh and Madhya Pradesh, each with a 200 kilolitre per day capacity, supporting the government's 2025 ethanol- .

Gruner Renewable Energy bags projects worth Rs 1,500 crore for CBG plants
Petroleum   -  May 09,2024
Noida-based Gruner Renewable Energy secured INR 1,500 crore ($180 million) worth of compressed biogas (CBG) projects nationwide within its first year. The projects include 11 valued at INR 1,100 crore .

Haldia Petrochemicals selects Lummus Technology for digitalisation of ethylene plant
Petroleum   -  May 03,2024
Lummus Technology secures a contract from Haldia Petrochemicals Ltd. (HPL) for digitalization services at HPL's ethylene plant in West Bengal, India. Ujjal Mukherjee, CTO of Lummus, highlights th .

Centre mulls building six power plants near coalfields
Petroleum   -  Apr 29,2024
India plans to establish six thermal power generation hubs, totaling 30 GW capacity, to support its energy transition goals. Land near coal mines will be allocated to power companies for these project .

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