News archive

L&T awarded significant metal, power contracts

L&T awarded significant metal, power contracts

The construction arm of L&T has secured orders from prestigious clients for various businesses. Metallurgical and Material Handling (MMH) business has received orders to construct a metallurgical plant...
19 January 2021
Steel Minister visits steel plants in West Bengal

Steel Minister visits steel plants in West Bengal

Shri Dharmendra Pradhan visited SAIL’s IISCO Steel Plant (ISP) and Durgapur Steel Plant (DSP) situated in Burnpur and Durgapur at West Bengal. During his visit, Shri Pradhan reviewed the performance of...
19 January 2021
Egypt allocates $15m for Bahr Al-Baqar WTP

Egypt allocates $15m for Bahr Al-Baqar WTP

Egypt’s Minister of Planning and Economic Development Hala El-Said has approved EGP 236M to support the National Authority for Potable Water and Sewerage’s (NOPWASD) plan to connect electricity to the...
19 January 2021
BoxLNG, HoSt sign deal to develop CBG (biogas) projects

BoxLNG, HoSt sign deal to develop CBG (biogas) projects

BoxLNG Pvt Limited (BoxLNG), the India-based distributed clean bioenergy project developer, has signed a technology collaboration and investment agreement with HoSt Holding B.V. (HoSt) of the Netherlands....
19 January 2021
Egypt to build new oil refineries worth $7bn

Egypt to build new oil refineries worth $7bn

Egypt is implementing new oil refineries and projects in Cairo, Alexandria, Assiut, and Suez with investments of about USD 7bn. This was announced during the general assembly chaired by the Minister of...
19 January 2021
Mubadala, ADNOC, ADQ sign hydrogen MoU

Mubadala, ADNOC, ADQ sign hydrogen MoU

Mubadala Investment Company (Mubadala), The Abu Dhabi National Oil Company (ADNOC), and ADQ have announced the signing of a Memorandum of Understanding (MoU) to establish the Abu Dhabi Hydrogen Alliance...
19 January 2021
EFIC aims to launch compound fertiliser production line

EFIC aims to launch compound fertiliser production line

The Egyptian Financial and Industrial Company (EFIC) is looking to establish a new production line for some compound fertilisers, a source with the company has said. The company is currently holding discussions...
19 January 2021
Noga and Eni sign an agreement in Bahrain

Noga and Eni sign an agreement in Bahrain

The National Oil and Gas Authority (NOGA) of the Kingdom of Bahrain and Eni Rewind, Eni’s environmental company, signed a memorandum of understanding in the presence of H.E. Shaikh Mohammed bin Khalifa...
19 January 2021
OMV Petrom invests €32m in a new drilling campaign

OMV Petrom invests €32m in a new drilling campaign

OMV Petrom, the energy company in Southeastern Europe, initiated a new offshore drilling campaign in the shallow waters of the Istria block in the Black Sea. The first drilling operations started at the...
19 January 2021
IFC to fund Parag Milk Foods’ expansion plans

IFC to fund Parag Milk Foods’ expansion plans

Parag Milk Foods (Parag) is planning to raise money from the International Finance Corporation (IFC) for meeting the company's working capital needs and for its long-term expansion plan. IFC committed...
18 January 2021