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INDIA INVESTMENT NEWS

In order to reduce power consumption, Kanpur Electricity Supply Company (KESCO) plans to roll out energy-efficient ceiling fans which will consume half the electricty as compared to regular fans. KESCO Media In charge R D Pandey said the department has forwarded a list of 20 consumers from every division for the 30 watt ceiling fans […]

National Aluminium Company Limited (Nalco), a navratna PSU under the ministry of mines and Gujarat Alkalies and Chemicals Limited (GACL), a Gujarat government promoted company, have formed a joint venture to set up a Rs 1800-crore caustic soda plant. Nalco holds 40% share capital in the new joint venture company, GACL-Nalco Alkalies & Chemicals Private […]

The Central Government is working on a policy to establish 12 petrochemical complexes in order to have one complex in each 16 refineries, a move which could entail few lakh crore of investment. At present, there are four PCPIRs or petrochemical complexes in the country. A Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) is usually […]

Indian Oil will invest about Rs 1,800 crore to upgrade its Koyali refinery to produce fuel compliant with Euro-IV emission norms, a top official said today. “The Gujarat refinery is gearing up to meet the petrol and diesel quality improvement programme, in line with the government^s auto fuel vision 2025 to supply BS-IV fuels from […]

LyondellBasell, one of the world^s largest plastics, chemical and refining companies, which Mukesh Ambani had tried to buy five years ago, is now spreading its wings in India. The US giant has signed a definitive agreement to acquire polypropylene compounding assets of Pune-based Zylog Plastalloys Pvt Ltd as it intends to expand its India operations. […]