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SIPB gives nod to Rs 1.82 lakh crore investments
Petroleum - Jan 02,2025
The State Investment Promotion Board, chaired by Andhra Pradesh CM N Chandrababu Naidu, approved investments worth ₹1.82 lakh crore across nine projects, creating 2.63 lakh jobs. Key among these is .

IOCL to set up naphtha cracker unit in Paradip
Petroleum - Dec 31,2024
Indian Oil Corporation (IOCL) plans to set up a Rs 61,000 crore naphtha cracker project at Paradip, Odisha, with an MoU expected in January. This project is part of a larger Rs 1 lakh crore investment .

IOCL issues tender for mainline laying, HDDs for LPG pipeline in Tamil Nadu
Petroleum - Dec 30,2024
Indian Oil Corporation (IOCL) has issued a tender for laying a 252 km LPG pipeline from BPCL Palakkad, Kerala to IOCL Salem, Tamil Nadu, valued at Rs 106.46 crore. The project includes mainline laying .

BPCL picks Andhra Pradesh for India's last greenfield refinery project
Petroleum - Dec 26,2024
Bharat Petroleum Corporation Ltd (BPCL) has approved setting up a greenfield oil refinery-cum-petrochemical complex in Andhra Pradesh with an estimated cost of Rs 6,100 crore. The project includes pre .

Swan Energy, Singapore’s AG&P to form JV for LNG ops, storage unit
Petroleum - Dec 24,2024
Swan Energy has signed a preliminary agreement with AG&P Terminals & Logistics to form a joint venture (JV) for LNG supply in India and beyond. Swan Energy will hold a 51% stake, while AG&P LNG will o .

IOCL to invest over Rs 21,000 crore to expand Bihar refinery
Petroleum - Dec 20,2024
Indian Oil Corporation (IOCL) will invest over ₹21,000 crore in Bihar, including ₹16,000 crore to upgrade the Barauni refinery from 6 to 9 MTPA and build a polypropylene plant by 2025. Additionall .

NPG reviews five key infrastructure projects
Petroleum - Dec 20,2024
The 85th meeting of the Network Planning Group (NPG) evaluated five infrastructure projects under the PM Gati Shakti National Master Plan. These include three major highway projects: upgrading NH-927 .

Asian Energy secures Rs 200 crore order from Assam Gas Company
Petroleum - Dec 19,2024
Asian Energy Services has secured a Rs 200 crore contract from Assam Gas Company to design, construct, own, operate, and transfer a compressor station on a BOOT basis over three years. The first compr .