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Petroleum Sector News & Updates - May 20, 2024



Haldia Petrochemicals plans $10 billion oil-to-chemical project in south India
Petroleum   -  Apr 03,2024
The Chatterjee Group (TCG) is seeking partnerships to develop a $10 billion oil-to-chemical project in southern India through Haldia Petrochemicals Ltd (HPL). The project, expected to produce 3.5 mill .


Globus Spirits' production capacity expansion begins
Petroleum   -  Apr 01,2024
Globus Spirits expands production at units in Jharkhand and West Bengal, boosting capacity and enabling production of ENA and ethanol. A Rs 142 Crore investment aims to enhance capabilities. The com .


IOCL, Panasonic to form joint venture to make lithium-ion cells
Petroleum   -  Apr 01,2024
Indian Oil Corporation Ltd (IOCL) and Panasonic Energy plan to form a joint venture for manufacturing cylindrical lithium-ion cells in India. They've signed a binding term sheet after a heads of .


Balmer Lawrie & Co is setting up a Free Trade Warehouse
Petroleum   -  Apr 01,2024
Balmer Lawrie & Co Ltd is establishing a Free Trade Warehousing Zone at Mumbai's JNPA SEZ, investing Rs 230 crore in 15 acres. The move aligns with their goal to become an integrated logistics pl .


Vellalore to get a biogas plant at a cost of Rs 68 crore
Petroleum   -  Mar 18,2024
Coimbatore Corporation Commissioner M. Sivaguru Prabhakaran announced approval for a biogas plant at Vellalore, funded with ₹60 crore from the state. Tendering has begun, and construction will comme .


Possibility of setting up LNG plant being explored In Rajasthan
Petroleum   -  Mar 05,2024
Rajasthan State Gas Limited (RSGL) is exploring the establishment of an LNG plant in Rajasthan, aiming to meet the fuel requirements of long-distance vehicles and the mining sector. The Mines Secretar .


MoS Petroleum Teli lays foundation stone for HPCL Petroleum facilities
Petroleum   -  Feb 26,2024
Hindustan Petroleum achieves a milestone with the foundation stone laying for Combined POL & LPG Facilities in Kamardanga, Assam, officiated by Union Minister Rameswar Teli. With an investment of Rs 5 .


Modi lays foundation stone for CUF POL Terminal in Jammu
Petroleum   -  Feb 22,2024
Prime Minister Narendra Modi laid the foundation stone for a cutting-edge Common User Facility (CUF) POL Terminal near Jammu city, led by BPCL and other companies. Spanning 115.41 acres, the terminal .


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