PETROCHEMICALS
PM Modi grants Naidu's ₹60,000 crore wish of petrochem hub, oil refinery Naidu secured approval for a ₹60,000 crore refinery in Andhra Pradesh, considering Srikakulam, Machilipatnam, or Ramayapatnam. Post Modi meeting, BPCL discussions ongoing; announcement on July 23 budget. Naidu met BPCL officials, including Krishna K...
11 Jul, 2024, 08.42 AM ISTAndhra govt, BPCL explore possibility of setting up Rs 70,000 cr petrochemical complex Andhra Pradesh Chief Minister N Chandrababu Naidu met with Bharat Petroleum Corporation Ltd officials to discuss establishing an oil refinery and petrochemical complex, potentially attracting investments of Rs 70,000 crore. Naidu emphasized the stat...
10 Jul, 2024, 09.50 PM ISTThese 6 commodities stocks hit a 52-week high and rallied up to 40% in a month Despite a 426-point drop in the benchmark Sensex, which closed at 79,924 on Wednesday, six stocks in the BSE commodities index achieved their 52-week high.
10 Jul, 2024, 07.47 PM IST- ADVERTISEMENT
GE Power India gets order to supply main turbine spares GE Power India Ltd (GPIL) announced receiving an order from Mangalore Refinery and Petrochemicals for main turbine spares to be fulfilled within 18 months, as stated in an exchange filing. The order is valued at Rs 76.67 million excluding GST. GPIL ...
10 Jul, 2024, 01.16 PM ISTWe expect good growth picture and pipeline for next 6 to 12 months: Subramanian Sarma, L&T We established ourselves well. We have built a good reputation. And we just now need to stay focused and be very selective in how we build that portfolio and participate in all the prospects which are coming our way.
02 Jul, 2024, 03.46 PM ISTBPCL sees nearly flat annual crude processing, executive says Bharat Petroleum Corp (BPCL) anticipates no major changes in its annual crude processing for the current fiscal year despite a planned maintenance shutdown. BPCL will temporarily close a 120,000 bpd crude unit at its 310,000 bpd Kochi refinery for a...
27 Jun, 2024, 11.37 AM IST6 chemical stock ideas with upside potential of up to 100% InCred Equities advises on chemical stocks with significant upside potential, emphasizing safety through support reversals or breakout retests amidst market uncertainties.
27 Jun, 2024, 10.06 AM IST4 stocks close crossing below VWAP on June 21 According to technical scan data from stockedge.com, on June 21, the closing prices of four stocks in the Nifty500 pack declined by more than 2.5% below the Volume Weighted Average Price (VWAP), indicating a potential bearish trend.
24 Jun, 2024, 10.17 AM ISTTata Elxsi, Titan among 21 companies in focus this week for dividend, AGM, stock split, bonus issue Companies like Tata Elxsi, Titan, and JSW Holdings are set to be in the spotlight this week with corporate actions such as dividends, stock splits, and annual general meetings lined up.
24 Jun, 2024, 08.58 AM ISTTitan, IndusInd Bank among 20 stocks to trade ex-dividend this week. Do you own any? 20 companies, including Nifty companies Titan and IndusInd Bank, have set record dates this week to determine dividend payouts. Shareholders buying stock at least one day before the ex-date are eligible for dividends under the T+1 framework, where e...
24 Jun, 2024, 08.33 AM ISTTRADERS’ CORNER: Rating agency getting ready for 9 % swing and speciality chemical for a potential 5 % upmove Stocks from different sectors getting into momentum mode.
20 Jun, 2024, 05.31 PM ISTHaldia Petrochemicals Limited announces 10-year naphtha supply agreement with QatarEnergy Haldia Petrochemicals Limited (HPL) has secured a long-term naphtha supply agreement with QatarEnergy. QatarEnergy. The agreement was signed through its subsidiary. The deal will provide up to 2 million tons of naphtha to HPL over the next decade st...
13 Jun, 2024, 04.17 PM ISTGAIL announces Rs 60,000 crore ethane capex Gail India plans to set up a 1500 KTA ethane cracker project in Madhya Pradesh, with an investment of Rs 60,000 crore. Ethane, a component of natural gas, will be converted into ethylene for plastics, adhesives, and more. The project awaits state go...
10 Jun, 2024, 07.27 PM ISTChina risks trade war on two fronts as low-tech exports soar, too Rising trade tensions as the EU, US, and potentially Canada impose tariffs on Chinese electric vehicles, are impacting global trade dynamics.
06 Jun, 2024, 12.17 PM ISTGovernment seeks candidates for new chief at Indian Oil The petroleum ministry recommended a tenure extension for SM Vaidya, but the prime minister's office rejected it. Speculation arises about Vaidya's future as his term nears an end.
06 Jun, 2024, 07.30 AM ISTONGC's high investments to delay deleveraging: S&P S&P Global Ratings stated that increased investments by Oil and Natural Gas Corp (ONGC) will slow its deleveraging over the next 12-24 months, affecting its 'bbb+' standalone credit profile. Despite a 2-3% drop in domestic production and lower reali...
27 May, 2024, 04.24 PM ISTGail may line up Rs 50,000 crore capex in big petrochemical bet Gail (India) intends to invest up to ₹50,000 crore in constructing a 1.5 million tonnes per annum ethane cracking unit at Sehore, Madhya Pradesh, according to sources familiar with the matter. This significant investment marks one of the largest pro...
21 May, 2024, 11.08 PM ISTBPCL to invest Rs 1.7 lakh cr in core, new energy business BPCL, which owns three refineries that convert crude oil extracted from below earth's surface into fuels like petrol and diesel, plans to expand refining capacity to 45 million tonnes per annum by March 2029 from current 35.3 million tonnes, he said.
10 May, 2024, 04.08 PM ISTIndia's petrol consumption doubles in a decade Between 2013-14 and 2023-24, the annual consumption of petrol increased 117%, diesel 31%, aviation turbine fuel 50% and LPG 82%, according to the petroleum and natural gas ministry data. Kerosene consumption slumped 93% during this period as the gov...
10 Apr, 2024, 12.01 AM ISTHaldia Petchem plans $10 billion oil-to-chemical project in south India The Chatterjee Group (TCG) is in discussions with local and global firms to collaborate on a more than $10 billion oil-to-chemical project in southern India, aiming for financial closure by end-2024. Haldia Petrochemicals Ltd (HPL) plans to boost pr...
02 Apr, 2024, 12.56 PM IST