News archive

12 October 2020

Torrent Gas to invest 8000 crore in CGD over 5 years

Torrent Gas Ltd plans to invest Rs 8,000 crore over the next five years for creating city gas distribution (CGD) infrastructure. The company also aims to set up 500 compressed natural gas (CNG) stations...
12 October 2020

LNG Alliance to invest in India's Natural Gas market

LNG Alliance Pte Ltd announced that it is opening a new office in Chennai, India. LNG Alliance Pte Ltd is a leading independent project developer in the natural gas and LNG sector. The team at the Chennai...
12 October 2020

Banas Dairy to set up a 100cr potato processing unit

Banas Dairy is setting up a Rs 100-crore potato processing unit in North Gujarat that will take on established brands like McCain Foods India Pvt Ltd and Hyfun Foods in their backyard. The unit that will...
12 October 2020

Amul forays into the edible oil segment

GCMMF, which markets dairy products under the Amul brand, will invest around Rs 1,000 crore over the next two years to set up milk processing plants, and another Rs. 500 crore on facilities for new products...
12 October 2020

Sabic and Fujian to build an Ethylene plant

Fujian Petrochemical has announced that the world's largest ethylene project to date will be realised together with Saudi Basic Industries Corporation (Sabic). The plant in the Chinese province of Fujian...
12 October 2020

Kurita Europe, AquaChemie announce JV with HQ in Dubai

Kurita and Aquachemie have recently signed a Joint Venture agreement in Dubai. Kurita Europe GmbH (with its subsidiary in Dubai Kurita Middle East FZE) and Aquachemie DMCC, based in Dubai, have decided...
12 October 2020

Abu Qir Fertilizers mulls methanol plant in Ain Sokhna

Abu Qir Fertilizers is considering the establishment of a methanol plant inside Ain Sokhna Port with an investment cost of about USD 2.6bn. The potential project will be jointly owned by Abu Qir Fertilizers,...
12 October 2020

LUKOIL, Kazmunaygas sign agreement on Al-Farabi project

President of LUKOIL Vagit Alekperov and Chairman of the Management Board of JSC NC KazMunayGas (KMG) Alik Aidarbayev signed an agreement on the Al-Farabi Project (formerly I-P-2 license block) in the Kazakh...
05 October 2020

India looking to store oil overseas in the US

India is exploring storing crude oil in the US and other commercially viable locations to hedge its supply risks, Oil Minister Dharmendra Pradhan said. Also, the country has tied up long-term crude oil...
05 October 2020

Rosatom ships equipment for Kudankulam NPP

Rosatom recently said that ship BBC Elbe has left the country with equipment for two 1,000 MW atomic power plants coming up in Tamil Nadu's Kudankulam. According to Rosatom, the ship carries cargo including...