Moody’s Predicts India’s GDP to Grow over 6 Percent with Investment upto $40-45 Billion by 2026
Indian companies are set to invest $45-50 billion annually over the next 1-2 years to enhance its market capacity and presence, aiming for greater vertical integration and net-zero targets. The US-based credit agency projects India’s GDP to grow by over 6% in the next two years. Sep 4, 2024 Moody’s Ratings predicts robust growth for […]
PM Inaugurates Indian Oil’s Crude Oil Pipeline, LPG Bottling Plant in West Bengal Worth INR 2990 Crore
The 518-km pipeline will pass through the states of Bihar, Jharkhand and West Bengal, supplying crude oil to three refineries in a safe, cost-efficient and environment-friendly manner Mar 13, 2024 Prime Minister Narendra Modi inaugurated the Haldia-Barauni crude oil pipeline developed by Indian Oil at a cost of about INR 2,790 crore. The 518-km pipeline […]
PM Inaugurates Indian Oil LPG Pipeline, Bottling Plant, Development Projects Worth INR 12,800 Crore in Bihar
Indian Oil’s 109-km-long Muzaffarpur-Motihari LPG Pipeline will provide cleaner cooking fuel to people in Bihar, Nepal. Indian Oil’s LPG bottling plant and storage terminal will act as a strategic supply point for the export of petroleum products to Nepal. Mar 15, 2024 Prime Minister Narendra Modi has inaugurated Indian Oil’s 109-km-long Muzaffarpur-Motihari LPG Pipeline that […]
IOC Signs Long-Term LNG Import Deals with ADNOC, TotalEnergies
IOC has signed long-term LNG import deals with UAE-based Abu Dhabi Gas Liquefaction Company Limited (ADNOC) and France-based TotalEnergies. As per agreements, ADNOC will supply 1.2 million tonnes per annum of LNG for 14 years, starting in 2026, whereas TotalEnergies will supply 0.8 million tonnes a year of LNG for 10 years starting in 2026. […]
Ace Energy Infrastructure Builds 3,600 m Pipeline in Assam – Extends Pradhan Mantri Urja Ganga to North Eastern States
Ace Energy Infrastructure installed a 3600-meter pipeline across the Subansiri River in Assam for Indradhanush Gas Grid Ltd (IGGL) joint venture. The project will bring North Eastern states within the National Natural Gas Grid. Jun 26, 2023 Ace Energy Infrastructure installed a 3600-meter pipeline of 24” diameter to help include the North Eastern states within […]
Indian Oil to Invest INR 61,000 crore for Petrochemical Complex Setup at Orissa
Indian Oil Corporation is set to make an investment of INR 61,077 crore, the company’s largest investment at a single location, towards building a petrochemical complex at Paradip, Orissa. The complex is expected to include a world-scale cracker unit along with downstream process units for producing several petrochemical products. The project will be a growth […]
Surya Roshni gets INR 147 crore Coated Pipes order from GAIL, Indian Oil
Indian multinational company Surya Roshni recently shared that it has received orders worth INR 123.95 crore from Indian Oil and INR 23.35 crore from GAIL respectively. In an exchange filing, the company shared that it received the order from Indian Oil for the supply of API-5L coated pipes and bare pipes in the state of […]
Indian Oil Set to Invest INR 2,200 Crore for Multiple Expansion Projects in Tamil Nadu
Indian Oil Corporation has lined up INR 2,200 crore as investment in Tamil Nadu for the next 2 years, as an initiative towards taking up major foundation and expansion projects in the state. The investment focuses on the LPG bottling plant near Kinathukadavu on the outskirts about its LPG storage and distribution infrastructure. It includes […]
Indian Oil Corporation to Begin Trial of Asanur Terminal in Kallakuruchi, Tamil Nadu
Indian Oil laid the groundwork for the INR 470-crore project in November 2020, in a bid to ease the stress on the other terminals. The Greenfield terminal would supply fuel to Villupuram, Cuddalore, Perambalur, and Puducherry. The trial run of Indian Oil Corporation Ltd.’s (IOCL) Asanur terminal is all set to begin in a month […]
Guwahati Refinery Celebrates its 60th Anniversary
The celebratory event of Guwahati Refinery was graced with the presence of the Union Minister for Housing & Urban Affairs and Petroleum & Natural Gas Hardeep Singh Puri. Guwahati Refinery, the first-ever public sector refinery of India and Indian Oil Corporation Ltd.’s first refinery, celebrated its 60th year-anniversary on August 3, 2022. Since 1962, the […]
