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Inox India secures Rs 190 crore orders from Europe, Australia, the US, and India, strengthening its global presence in cryogenic technology and clean energy solutions. Explore its latest achievements and contributions to sustainable energy infrastructure.
Agarwal Industrial Corporation has secured a major Rs 303 crore bitumen supply contract with Bharat Petroleum Corporation (BPCL), marking a significant step in the company’s expansion. The deal includes the supply of 45,000 MT of VG30 and 30,000 MT of VG40 bitumen, enhancing AIC’s position in the infrastructure sector.
Larsen & Toubro has been awarded a significant contract by Hindalco to set up an 850 KTPA greenfield alumina refinery in Odisha. This major project highlights L&T's capabilities in large-scale infrastructure and will play a key role in supporting Hindalco's expansion in the aluminum industry.
Shares of ONGC and Oil India surged by 4% as crude oil prices hit a two-month high, driven by expectations of stronger economic growth, particularly in China. With oil prices rising, the outlook for India's oil sector remains positive despite recent volatility in stock prices.
BPCL has secured a major win by emerging as the lowest bidder for NTPC's 1200 MW solar project, with a 150 MW share valued at Rs 756 crore. This move underscores BPCL’s commitment to expanding its renewable energy portfolio and supporting India's clean energy goals.
Indian Oil Corporation has joined forces with MCPI Private Ltd. for a ₹4,382 crore yarn manufacturing project in Bhadrak, Odisha. This strategic partnership will enable IOCL to diversify into the textile and polymer sectors, producing high-quality yarn and polyester products, while also boosting its long-term growth prospects.
Gulf Oil Lubricants India has teamed up with Nayara Energy to make its complete range of automotive products, including lubricants, AdBlue, and two-wheeler batteries, available at over 6,500 Nayara fuel outlets across India. This strategic partnership aims to enhance product accessibility and support the growing automotive market, especially along India’s expanding highway infrastructure.
In the latest quarterly report, Petronet LNG has shown a modest profit increase of 1.7%, reaching Rs 870.61 crore. However, this positive figure is overshadowed by a 2.9% decline in revenue and a significant contraction in margins, dropping to 9.2%. As the company navigates a challenging LNG market, understanding the implications of these results is crucial for investors and stakeholders alike. Join us as we delve into the key financial highlights and explore what this means for Petronet’s future.
In a significant strategic move, ONGC has increased its stake in ONGC Petro Additions Ltd. (OPaL) to 94.04%, investing ₹5,594.80 crore. This acquisition aims to enhance ONGC's vertical integration in the petrochemical sector. However, with OPaL's declining financial performance raising concerns, this investment poses both opportunities and challenges for ONGC's future growth. Join us as we analyze the implications of this bold decision and its impact on the petrochemical market.
JSW Energy has taken a major step in its sustainability efforts by signing a 1,500 MW pumped hydro storage agreement with Maharashtra State Electricity Distribution Company. This ambitious project, set to enhance grid stability and support local development, aligns with JSW's goals of achieving 20 GW of generation capacity and carbon neutrality by 2050. Explore the details and implications of this significant milestone in the energy sector.