Oil and Natural Gas Corporation has received the first shipment of Sakhalin-I crude oil from Russia at its subsidiary Mangalore Refinery and Petrochemicals Ltd.
Deepak Fertilizers & Petrochemicals Corporation Ltd has informed BSE that the Board of Directors of the company at its meeting held on January 28
The move follows IPCL's merger with RIL; the sale is likely to mop-up over Rs 20,000cr.
Prices may drop by up to 92 per cent with the pharma industry agreeing to a government proposal on capping trade margins.
Indian Oil Corporation signed an agreement with West Bengal government on Wednesday for setting up a world class petroleum, chemical and petrochemical hub at Haldia.
Indian Oil Corporation plans to invest about Rs 25,000 crore (Rs 250 billion) for setting up a new 15 million tonnes refinery and petrochemicals complex at Ennore in Tamil Nadu to maintain its position as India's largest refiner.
The Torrent Group company is aiming at over 20 per cent equity in the Dahej SEZ which also has a Rs 13,500 crore (Rs 135 billion) integrated petrochemical complex coming up in south Gujarat.
The top five states cornered 30 per cent of the total investments.
The West Bengal government on Thursday refuted the allegations of The Chatterjee Group and told the Company Law Board there was nothing illegal in 15.5 crores additional shares of Haldia Petrochemicals Ltd.
The proposed Rs 7,000-crore (Rs 70-billion) petrochemical complex of Gas Authority of India at Kochi has been shelved for the time being due to technical issues, according to Minister of Petroleum and Natural Gas Murli Deora.
Patel said the kidnappers treated all the Indians well.
Anand Jain, a key confidant of Reliance chairman and managing director Mukesh Ambani, has not quit the board of the group's petrochemical company IPCL contrary to media reports.\n\n
Pune-based Deepak Fertilisers and Petrochemicals Corporation said on Monday it would be investing Rs 400 crore (Rs 4 billion) to set up a greenfield ammonium nitrate plant in Paradip in Orissa.
Operations of several top companies, located in central and south Gujarat, continued to be affected on Friday with torrential rains lashing several parts of Gujarat for close to a week.
The Bombay high court will on June 8 hear a petition filed by Mukesh Ambani-led Reliance Industries seeking the court's nod for the merger of IPCL with itself.
GVK-owned three companies will be merged with another group company -- Novopan Industries Ltd -- for a consideration of Rs 25.32 crore (Rs 253.2 million) to consolidate the particle boards operations of the group.
The foundation laying ceremony of Oil and Natural Gas Corporation's petrochemical complex in Mangalore was postponed due to heavy rains.
The two companies have approached banks to raise up to Rs 8,000 crore as debt to fund their expansion plans.
Even as news of a possible settlement between the Ambani brothers are doing the rounds, global rating agency Standard and Poor's on Friday
Excise duty on drugs likely to be halved
The Centre is considering a comprehensive health insurance scheme to cover about 25 per cent of India's poor, who are below the poverty line.
The first parcel of 90,000 tonnes is expected at Mangalore port around December 2.
Refining major optimistic on planned investment of $16 bn for expansion and new technology to post healthy margins
The reasons may not appear compelling, but an alliance with Dow Chemical could help RIL. Here are the reasons.
Mukesh Ambani-controlled Indian Petrochemicals Corporation Ltd said on Wednesday it will consider interim dividend payout to shareholders for 2005-06 on May 4.
The country's first specialty mall for interiors and exteriors will come up at Pune in the second quarter of 2006-07.\n\n
The Hazira manufacturing division of the Reliance Industries has won the 'ASTD Best Award for 2005 ' from the American Society for Training & Development Award, the company said on Monday.
Mittal, who is partnering HPCL for the project, will bring to the joint venture his vast expertise in project execution and unparalleled skills in managing governments.
