PSU PRESS RELEASE
Sri Lanka to build 100000 bpd refinery with India IOC
New Delhi: 2016 Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, a top Sri Lankan official said on Thursday, a move that strengthens New Delhi’s engagement with Colombo.
India has been vying for major projects in the island nation where China has secured multi-billion dollar infrastructure projects including a $1.4 billion high-end property development and others ranging from a coal plant to ports.
T.G. Jayasinghe, the head of state-run Ceylon Petroleum Corp (CPC) said the new refinery will be built at the eastern port city of Trincomalee with the aim of exporting fuel.
Read Also : Coal India Organises Training programme for capacity building
News Must Read
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24