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 : EIL and GAIL achieve major milestone
News Must Read
- EIL and GAIL achieve major milestone
- Mahanadi Coalfields Places 289 Youths in Industry
- Power Grid Corporation secures Major Rajasthan Transmission System Project
- Mazagon Dock bags Rs 121.7-crore order in Maharashtra for AI-based projects
- Indian Navy signs MoU with Bajaj Alliance Life Insurance for providing insurance products
- Indian Railways to install Kavach 4.0 system in 10,000 Locomotives
- IREDA Board approves new unit for retail businesses like PM Kusum
- UPPCL Secures Approval for 500 MW Solar Power Procurement
- BCPL Railway Infra bags Rs. 643.88 million project
- M K Dubey appointed as CMD, IRFC