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petroleum Sector News & Updates - December 5, 2025



Suzlon, Integrum Energy secures contract for 50 MW wind farm from BPCL
Petroleum   -  May 09,2025
Suzlon Energy has secured a 50 MW wind farm contract from BPCL for its Madhya Pradesh project, supporting BPCL’s refineries' power needs. This is part of BPCL's goal to develop a 10 GW cle .


CPCL plans to spend Rs 700-800 crore each year for the next 2 years
Petroleum   -  May 05,2025
Chennai Petroleum Corporation Ltd. (CPCL) plans to invest Rs 700–800 crore annually over two years, nearly double its usual spending, mainly to upgrade Lube Oil Base Stocks (LOBS) 2 and 3. The proje .


Indian Oil receives Board's approval for revised project cost of Barauni Refinery in Bihar
Petroleum   -  May 02,2025
Indian Oil Corporation (IOCL) has received board approval to expand its Barauni Refinery in Bihar with a revised budget of Rs. 16,724 crore, up from Rs. 13,779 crore. The expansion will increase crude .


Odisha CM secures Rs 1 lakh crore investments in New Delhi
Petroleum   -  Apr 10,2025
The Odisha government signed 13 MoUs worth Rs 98,880 crore during a two-day investors' meet, promising to create over 67,000 jobs. The agreements include projects with Indian Oil Corporation (Rs .


IOC inks MoU with Odisha for Rs 61,077 crore Paradip Petrochemical Project
Petroleum   -  Apr 09,2025
Indian Oil Corporation (IOC) will invest Rs 61,077 crore to establish a mega petrochemical complex in Paradip, Odisha, to meet rising demand for petrochemicals. The project, including a naphtha cracke .


IGL board approves renewable energy JV for solar power plant in Rajasthan
Petroleum   -  Apr 01,2025
Indraprastha Gas Ltd (IGL) has approved a joint venture with Rajasthan Vidyut Utpadan Nigam Ltd (RVUNL) to develop a 500 MWp solar power project in Bikaner, Rajasthan. IGL will hold a 74% stake in the .


GAIL seeks PNGRB nod for uniform transportation tariff
Petroleum   -  Mar 27,2025
GAIL (India) has revised its transportation tariff on a postalised basis, meaning a uniform tariff across zones regardless of distance. The new rates are similar to existing ones, with slight increase .


Coal India incorporates joint venture with GAIL to tap the synthetic natural gas market
Petroleum   -  Mar 27,2025
Coal India Ltd. (CIL) has established a new subsidiary, "Coal Gas India Ltd.," in partnership with GAIL (India) Ltd. This joint venture marks CIL's entry into the synthetic natural gas (SNG) sect .


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