The government has stepped up its strategic divestment drive, with premier think tank Niti Aayog recommending immediate stake sales in 12 central public sector enterprises (CPSEs).
OPaL, a joint venture company promoted by ONGC, GAIL, and GSPC, is the single largest petrochemical plant in the country that has a capacity to produce 14 lakh tonnes of polymers and 5 lakh tonnes of chemicals such as benzene annually.
India’s largest petrochemical plant, built by ONGC Petro Additions Ltd (OPaL) at a cost of Rs 30,000 crore, at Dahej Special Economic Zone (SEZ) was dedicated to the nation by Prime Minister Narendra Modi on Tuesday.
State-run Bharat Petroleum Corp. Ltd (BPCL) plans to set up a petrochemicals unit at its Bina refinery in Madhya Pradesh as part of its Rs25,000-crore expansion plan for the refinery
The company's net profit for the first nine months of the current fiscal saw a 133% increase over the corresponding period last year, with the PAT increasing to Rs 3,243 crore from Rs.1,394 crore.
State-owned gas utility GAIL India Ltd today reported 46 per cent rise in its third quarter net profit on back of turnaround in petrochemical business.
Gas marketer GAIL has posted a 46 per cent rise in the third-quarter profit aided by a boost in the petrochemicals business.
Reliance Industries saw a positive impact of demonetisation on its organised retail business, but demand growth was affected in petrochemicals and petrol pumps, the company said.
When other Indian tycoons were greedy, the richest of all was hesitant, even fearful. But now that most of his rivals have fallen on the swords of their debt-fueled hubris, Mukesh Ambani is preparing to pounce.
India is close to converting its commercial association with Middle East oil suppliers into a strategic relationship in which India will hold stakes in oilfields in the region for the first time ever, while Gulf companies can invest in oil infrastructure, refineries and petrochemicals, helping Indian consumers by increasing competition in the market, oil minister Dharmendra […]