PSU IN MEDIA
The size of the merged oil PSUs will help in acquisitions M K Surana CMD HPCL
MUMBAI. The large size of the new oil sector behemoth that will be created as a result of oil PSUs merger will help in acquisition of overseas assets, M K Surana, Chairman and Managing Director (CMD) of state-owned refiner Hindustan Petroleum Corp (HPCL) tells ET Energy world
We have a plan to use Rs 5,900 crore for this year which includes spending on expansion of Mumbai and Vizag refineries, marketing facilities etc. As far as expansion plans are concerned, as the board has approved it this year the expenditure as of now is less. The project follows an S curve; the initial part involves more of planning, designing and engineering which is not that capital intensive. We have also just received the environmental clearance for the Mumbai refinery. Energy.economictimes
Read Also : Vice Admiral Dinesh Kumar Tripathi appointed as next Chief of the Naval Staff
News Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project