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Specialty Carbon Black Market Size Worth USD 2,330 9 Million by 2025 at 5 28% CAGR | Rapid Expansion of End-Use Sector to Boost Global Industry Growth, States Market Research Future (MRFR)

Specialty Carbon Black Market Size Worth USD 2,330 9 Million by 2025 at 5 28% CAGR | Rapid Expansion of End-Use Sector to Boost Global Industry Growth, States Market Research Future (MRFR)
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Petrochemicals segment to significantly grow in post-covid consumption push: Mukesh Surana

January 27, 2021 Mukesh Kumar Surana, CMD, HPCL× PCPIR in Rajasthan eyes ₹15,000 crore investment and 1.5 lakh jobs by 2030 Post-Covid consumption spike is set to drive the growth for the petrochemicals segment and fuel the growth opportunity for the downstream players, informed Mukesh Kumar Surana, Chairman and Managing Director (CMD), Hindustan Petroleum Corporation Limited (HPCL) on Wednesday. Surana also stated that overall consumption of petrochemicals will go up substantially and grow at the 1.5-times the GDP growth of the country. “Due to pandemic, there is a general uptrend in the consumption of petrochemicals and derivatives of petrochemicals such as plastics. Driven by higher disposable income, rapid urbanisation, brand consciousness accompanied by targeted increase in consumption in automobile and housing sector will drive growth in petrochemical segment,” Surana said during a global virtual meeting between Rajasthan Government and top global downstream players

Perma-Pipe International Holdings Announces $6 7M Contract Awarded In India

Perma-Pipe International Holdings Announces $6.7M Contract Awarded In India SPRING, TEXAS (BUSINESS WIRE) Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced its subsidiary Perma-Pipe India Pvt. Ltd. (PPIL) has been awarded a $6.7 million contract by JSIW Infrastructure Pvt. Ltd. (JSIW) for application of a thermal insulation system on pipe to be used for the construction of the 12” diameter, 74 km long Mangla crude oil pipeline. The skin effect heat traced and insulated crude oil pipeline is being developed by HPCL Rajasthan Refinery Ltd (HRRL) (a joint venture company between HPCL and the Government of Rajasthan). The pipeline is established for the purpose of constructing a new refinery and petrochemical complex in Pachpadra Tehsil of District Barmer in the state of Rajasthan. Engineers India Limited (EIL) is the project management consultant for the pipeline project.

L&T trades firm as arm lowest bidder for HPCL Rajasthan Refinery contract

Shares of Larsen & Toubro (L&T) traded 1 per cent higher at Rs 1,296 on the BSE on Friday in an otherwise subdued market on report that the company’s wholly-owned subsidiary, L&T Hydrocarbon (LTHE), is the lowest bidder for HPCL Rajasthan Refinery. The stock of the construction & engineering company was trading close to its 52-week high level of Rs 1,384, touched on February 1, 2020. In comparison, the S&P BSE Sensex was down 0.25 per cent at 46,767 points, at 12:20 pm. LTHE has emerged as the lowest bidder for HPCL Rajasthan Refinery Ltd s two engineering, procurement, construction and commissioning (EPCC) packages, coming up at Barmer in Rajasthan, news agency

L&T Hydrocarbon lowest bidder for HPCL Rajasthan Refinery

L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro, has emerged as the lowest bidder for HPCL Rajasthan Refinery Ltd s two engineering, procurement, construction and commissioning (EPCC) packages, coming up at Barmer in Rajasthan, according to sources. HRRL opened the financial bids submitted by the 2 bidders (Petrofac and L&T Heavy Engineering) for Petro FCC Package and 3 bidders (Tecnimont+JGC, Petrofac and LTHE) for DFCU Package in December 2020. The combined value for both the packages will be around Rs 13,000 crore. Petrofac s bid got disqualified for both the packages. HRRL is a joint venture between Hindustan Petroleum Corporation (HPCL) and government of Rajasthan with an equity participation of 74 per cent and 26 per cent, respectively.

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