News archive

ISSDA: revival strategy needed after 2020 decline

ISSDA: revival strategy needed after 2020 decline

Stainless steel melt production in India was at 3.17 million tonnes (MT) in CY2020, registering a decline of 19% over CY2019 as per the latest figures released by the Indian Stainless Steel Development...
08 April 2021
Paradip Refinery expansion on cards

Paradip Refinery expansion on cards

Union Petroleum Secretary Tarun Kapoor, who is on a visit to Odisha, announced a host of projects to be taken up in the State including the expansion of Indian Oil Corporation Limited’s (IOCL) capacity...
08 April 2021
VA Tech Wabag wins order under NMCG

VA Tech Wabag wins order under NMCG

Water treatment company VA Tech Wabag has secured a contract worth Rs 1,187 crore order from Bihar Urban Infrastructure Development Corporation (BUIDCO) under the National Mission for Clean Ganga (NMCG)...
08 April 2021
RIL, BP seeks bids for gas from their KG D6 block

RIL, BP seeks bids for gas from their KG D6 block

Reliance Industries and BP have sought bids for 5.5 million metric standard cubic meters per day (mmscmd) of gas available for sale from their KG D6 block. The e-auction is slated during the last week...
08 April 2021
United Oil & Gas announces discovery at ASD-1X well

United Oil & Gas announces discovery at ASD-1X well

United Oil & Gas has provided an update on the drilling of the ASD-1X exploration well in the Abu Sennan concession, onshore Egypt. United holds a 22% working interest in the Licence, which is operated...
08 April 2021
Axens’ technology for Basrah refinery upgrading project

Axens’ technology for Basrah refinery upgrading project

Part of Iraq’s Ministry of Oil, the state-owned South Refineries Company (SRC) executed the upgrading of its refinery located in Basrah, Iraq by implementing a new refining plant adjacent to the existing...
08 April 2021
Opec+ agrees to gradually increase production

Opec+ agrees to gradually increase production

The 15th OPEC+ Ministerial Meeting has announced that the members of the group would gradually increase oil production over the next three months. Under the agreement, Opec+, which includes Russia, will...
08 April 2021
BHEL secures Rs 400 crore order from Indian Oil

BHEL secures Rs 400 crore order from Indian Oil

Bharat Heavy Electricals Limited (BHEL) has won a Rs 400 crore order for a Sulphur Recovery Unit from Indian Oil Corp (IOCL) against stiff International Competitive Bidding (ICB). The package envisages...
31 March 2021
Tamilnadu Petroproducts to invest 435 crore

Tamilnadu Petroproducts to invest 435 crore

Chemicals manufacturing company Tamilnadu Petroproducts said that its board has approved an investment of Rs 435 crore for capacity expansion and revamping its manufacturing plants. "The board of directors...
31 March 2021
Inter-ministerial approves food processing projects

Inter-ministerial approves food processing projects

An inter-ministerial approval committee meeting chaired by Agriculture and Food Processing Minister Narendra Singh Tomar recently approved several projects, including two projects under the Mega Food Park...
31 March 2021