News archive

ONGC, IOCL sign maiden COSA for North East

ONGC, IOCL sign maiden COSA for North East

Oil and Gas Corporation Limited (ONGC) and Indian Oil Corporation Limited (IOCL) signed the Crude Oil Sales Agreement (COSA) for North East (NE) in New Delhi. CGM (P) Chief Marketing ONGC Mr Sanjay Kumar...
14 October 2019
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Thyssenkrupp eyes revenue of 4,000 cr in next 5 years

Riding high on rising demand for capital goods equipment across mining and cement segments, Thyssenkrupp Industries India is eyeing Rs 4,000 crore revenue over the next five years, a senior company official...
14 October 2019
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JSW Energy in talks to acquire GMR Kamalanga Energy

JSW Energy led by billionaire industrialist Sajjan Jindal reported entering into exclusive discussions with GMR Energy Limited for a potential acquisition of its subsidiary GMR Kamalanga Energy. "Both...
14 October 2019
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Outokumpu appoints MD for Indian operations

Outokumpu has appointed Mr. Rajeev Sherry as Managing Director to head the company’s India operations. Mr Sherry, an engineering graduate, and postgraduate in Business Management, has earlier worked in...
14 October 2019
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L&T Construction awarded significant contracts

The construction arm of L&T has secured orders from prestigious clients for its varied businesses. In the Republic of Mozambique, the business has secured an order for Engineering, Procurement, and...
14 October 2019
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NTPC increases capacity of 2 thermal power stations

NTPC has added two power generation units of 660 megawatt (MW) each at Tanda and Khargone thermal power plants. "Unit 1 of 660 MW of stage-II of Tanda Super Thermal Power Station (2x660 MW) and Unit 1...
14 October 2019
Groundbreaking ceremony for Shuqaiq 3 desal plant

Groundbreaking ceremony for Shuqaiq 3 desal plant

Almar Water Solutions, a company in the development of water infrastructure (part of Abdul Latif Jameel Energy), and Abdul Latif Jameel Commercial Development Company (CDC) held the ceremony to break ground...
14 October 2019
Saipem awarded 3 contracts by BP in Azerbaijan

Saipem awarded 3 contracts by BP in Azerbaijan

Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag-Gunashli oil and gas (ACG) field offshore Azerbaijan....
14 October 2019
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Iran to launch 2nd phase of activities at Arak reactor

Iran is set to launch the second phase of activities at the Arak heavy-water nuclear reactor within three weeks, state news agency IRNA reported citing the head of Iran’s Atomic Energy Organization. The...
14 October 2019
United leaps ahead with Rockhopper Egypt acquisition

United leaps ahead with Rockhopper Egypt acquisition

United Oil & Gas PLC announced that Rockhopper’s partners in Egypt have waived their ‘pre-emption’ rights to acquire the subsidiary instead of United. The AIM-listed energy company announced that ...
14 October 2019