PM Modi to lay foundation for CPCL’s Nagapattinam refinery on Wednesday
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February 16, 2021 14:41 IST
The refinery, which is coming up in place of an existing facility, will produce petrol and diesel meeting BS-VI specifications and polypropylene as a value-added product
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A file photograph of the Cauvery Basin Refinery at Nagapattinam
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The refinery, which is coming up in place of an existing facility, will produce petrol and diesel meeting BS-VI specifications and polypropylene as a value-added product
Prime Minister Narendra Modi will lay the foundation stone for the Cauvery Basin Refinery at Nagapattinam on Wednesday evening through video-conferencing from New Delhi.
Jagan seeks window of two years for VSP turnaround with allocation of captive mines
As the proposed strategic sale of the Central government’s stake in the Visakhapatnam Steel Plant (VSP) stirred up a hornet’s nest, Chief Minister Y.S. Jagan Mohan Reddy shot off a letter to Prime Minister Narendra Modi requesting him to reconsider the privatisation move and explore other opportunities to put it back on track.
He pointed out that the VSP had posted a good performance between 2002 and 2015 when it had a positive net worth. The plant had achieved a turnaround in 2002 after being referred to the Board for Financial and Industrial Reconstruction as a sick company. It has a capacity of 7.30 million tonnes and even undertook modernisation and capacity expansion.
How car makers collided with a global chip shortage
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. Updated: 13 Feb 2021, 01:49 PM IST The Wall Street Journal
Auto demand rebounded from a coronavirus slowdown for Ford, GM, VW and others, but the industry misjudged supply lines of semiconductors that control engines, airbags, touchscreens
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Executives at auto makers like Volkswagen AG and General Motors Co. were upbeat about the industry’s recovery in early fall. Demand was rebounding from pandemic lows, and their factories were humming again.
Then came the warnings. Like the one in a Nov. 12 Skype call between VW’s logistics head and officials at car-parts supplier Continental AG. The supplier said it wouldn’t deliver a range of core components VW needed because of a global semiconductor shortage, said people familiar with the call.