Essar Ports Announces Rs 750 cr Investment to Increase Capacity of Its Hazira Port to 50 MTPA by Dec 16

Essar Ports Announces Rs 750 cr Investment to Increase Capacity of Its Hazira Port to 50 MTPA by Dec 16

In what will increase the capacity of the Hazira terminal from the existing 30 million metric tonnes per annum (MMTPA) to 50 MMTPA, Essar Ports has decided to expand the 550-metre berth of Essar Bulk Terminal Limited (EBTL) in Hazira by a further 1,100 metres to accommodate the steady growth in cargo throughput at the port.

RIL Q1 Results-beats estimates, profit up 4.4%; GRM surges to $11.50/bbl

Reliance Industries surprised everyone with its quarter 1 results ending at June 30, 2016. Reliance Industries posted 19.5 per cent year-on-year (YoY) jump in standalone net profit at Rs 7,548 crore for the quarter.

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World Bank Approves $625 Million Loan For India’s Solar Plans

World Bank Approves $625 Million Loan For India’s Solar Plans

The Board of the World Bank has approved $625 million loan to support India’s grid connected rooftop solar programme to generate clean energy… Read more

Cambay oil field faces closure as GSPC-Oilex joint venture turns sour

Cambay oil field faces closure as GSPC-Oilex joint venture turns sour

The Cambay oil field, operated by Australia-based Oilex Ltd and Gujarat State Petroleum Corp. (GSPC), may be staring at a shutdown after the Gujarat state-run firm failed to meet investment commitments… Read more