Chevron Lummus Global Announces Multiple-Technology Award for Indian Oil Corporation Ltd.s Panipat Refinery
édité le 15/04/2021 - Plus de news de Chevron Lummus Global - Voir la fiche entreprise de Chevron Lummus Global
Chevron Lummus Global (CLG) announced that it has been awarded a contract by Indian Oil Corporation Ltd.s Panipat Refinery in Haryana, India. The lubricants base oil plant will employ CLGs ISOCRACKING, ISODEWAXING and ISOFINISHING technologies as part of IOCLs refinery expansion project.
CLG will provide the license, basic engineering, proprietary equipment and catalyst, along with technical services. The catalytic dewaxing unit will be designed to produce mainly premium API Group III base oils by processing unconverted oil from an upstream hydrocracking unit. The unit is expected to bring significant benefits to the region by minimizing existing dependence on imported base oils.
Public Hearing for the upcoming 2 new projects at Indian Oil Panipat Refinery successfully concludes
Public Hearing that is organised for the upcoming two new projects of Indian Oil Corporation Limitedâs Panipat Refinery & Petrochemical Complex (1) Panipat Refineryâs expansion from 15 MMTPA to 25 MMTPA and (2) âInstallation of additional unit for production of 450 KTA Polypropyleneâ successfully concludes. This programme has been organised today i.e., 06.04.2021 at CISF parade ground nearby Panipat Refinery, from 11 AM to 1.30 PM under the aegis of State Pollution Control Board of Haryana and under the leadership of Dharmendra Singh, IAS, Deputy Commissioner, Panipat.
During this public hearing, DC Panipat, Kamaljeet Singh, Regional Officer from Haryana State Pollution Board, Pradeep Kalyan, Municipal Engineer, Ravinder Kumar, Industrial Excise Officer, Pradeep Tomar, Asst. Environmental Engineer, Deepak Sharma, Asst. Public Relations Officer and Executive Direc
Positive bias seen for Nifty at open
March 03, 2021
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Concerns on rising bond yields have softened after central bankers across the world have pushed back against higher rates
After gaining sharply in the last couple of days, Indian markets are likely to open flat on Wednesday. The SGX Nifty at 15,020 points to a 60-point positive opening for Nifty futures, which on Tuesday closed at 14,958.15.
Global markets too present a firm trend with most of Asia-Pacific ruling in positive territory though overnight the US markets closed in the red.
Concerns pertaining to rising bond yields appear to have softened a bit after central bankers across the world have begun to push back against higher rates. This should offer some comfort to Indian equities and INR as rising bond yields in the US and declining spreads between US Treasury yields and India’s G-Sec yields had started putting pressure on INR.
The main stock indices were trading near the day s high in morning trade. The Nifty crossed the crucial 15,000 mark. Barring the Nifty Auto index, all the sectoral indices on the NSE were trading in the green.
At 10:22 IST, the barometer index, the S&P BSE Sensex, was up 395.88 points or 0.79% at 50,692.64. The Nifty 50 index surged 122.5 points or 0.82% at 15,041.70.
In broader market, the S&P BSE Mid-Cap index was up 1.13% while the S&P BSE Small-Cap index was surged 1.31%.
The market breadth was strong. On the BSE, 1712 shares rose and 799 shares fell. A total of 129 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 114,728,460 with 2,548,573 deaths.
Engineers India (EIL) spurted 2.93% to Rs 89.60 after the company secured a deal from Indian Oil Corporation (IOCL) for capacity expansion of Panipat Refinery to 25 million metric tonnes per annum (MMTPA).
Indian Oil Corporation (IOCL) has awarded a project to EIL for the execution of consultancy for overall project management and EPCM services (Phase-II) for capacity expansion of Panipat Refinery from 15 million metric tonnes per annum (MMTPA) to 25 MMTPA (P-25 project).
The total awarded order value is around Rs 600 crore with a total project schedule of 40 months for mechanical completion. The announcement was made after market hours yesterday, 2 March 2021.
EIL s consolidated net profit dropped 19.7% to Rs 90.32 crore on a 6% decline in net sales to Rs 845.49 crore in Q3 FY21 over Q3 FY20.