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Clarence Rufin: A quiet force in the newsroom

According to S&P Global Commodity Insights (GCI), entities including BPCL, ONGC, HPCL, Reliance Industries, and Nayara Energy have committed substantial investments in petrochemical ventures, signaling a conscious effort to diversify their portfolios beyond traditional refining activities.

QUITOL, India (Reuters) -- India is expected to be the largest driver of global oil demand growth between 2023 and 2030, narrowly taking the lead from

Zydus Group plans to invest Rs 5,000 crore in Gujarat, including biotechnology products and hospitals. Memoranda of Understanding (MoUs) have been signed. Nayara Energy will expand its refinery at Vadinar and increase its retail network. Torrent Group will invest nearly Rs 48,000 crore in energy generation and distribution, including solar and hydel plants. Welspun Group will invest Rs 40,000 crore in the state over the next five years.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Nayara, which operates a 20 million tonne a year oil refinery at Vadinar in Gujarat and a network of over 6,450 petrol pumps, exported 4.57 million tonne of petroleum products including jet fuel, gasoil (diesel) and gasoline (petrol) between January-September 2023 as compared to 5.88 million tonne in January-September 2022, the firm said in a statement.