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 : KABIL inks MoU with CSIR-NGRI for advancing geophysical investigations in critical and strategic minerals sector
News Must Read
- 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
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
- NTPC Green Energy Limited Inks MoU with Indus Towers Limited
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE