Updated Mar 01, 2021 | 09:09 IST
Telecom stocks will be in focus as the spectrum auctions begin today, also watch out for auto stocks as February sales data will pour in during the day. Stocks to track in trade for March 1, 2021: Jio, Bharti Airel, RIL, Nestle, IOC, Tata Chemicals | Photo Credit: BCCL
Reliance Jio, Vodafone, Bharti Airtel
The spectrum auction Begins today and on the block is 2,251 MHz of spectrum reserve price of Rs 3.92 trillion. Spectrum in bands 700MHz, 800MHz, 900MHz, 1,800MHz, 2,100MHz, 2,300MHz and 2,500MHz available and analysts expect ow competition intensity as there is sufficient spectrum and that RJio/Bharti/VIL need to spend Rs 280b/Rs 129b/Rs83b at the reserve price to renew their existing spectrum.
Stocks to watch out for on March 1 businessinsider.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.in Daily Mail and Mail on Sunday newspapers.
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State-owned Indian Oil Corporation is set to invest $4.46 billion to enhance the capacity of its refinery in Haryana s Panipat by two-third quantum to 5,00,000 barrels per day (bpd) from the present 3,00,000 bpd by September 2024, reports
Economic Times.
Along with the expansion of the refining capacity, IOC will also be setting up catalytic dewaxing and polypropylene units at the facility to boost the production of value-added speciality products as it looks to improve margins and de-risk the conventional fuel business.
Earlier in 2018, IOC announced capacity expansion of the 300,000 bpd Panipat refinery costing Rs 231 billion.
Meanwhile, Union Oil Minister Dharmendra Pradhan has also sought 175 acres of land in West Bengal for expanding IOC s 1,60,000 bpd Haldia refinery in a bid to meet the nation s surging energy demand.
IndianOil to expand Panipat refinery with capex of Rs 32,946 crore ANI | Updated: Feb 27, 2021 10:32 IST
Mumbai (Maharashtra) [India], Feb 27 (ANI): Oil marketing firm IndianOil Corporation (IOC) is expanding its Panipat refinery s capacity from 15 million metric tonnes per annum (MMTPA) to 25 MMTPA at a cost of Rs 32,946 crore.
The expansion will include installation of a polypropylene unit and a catalytic dewaxing unit. The project is expected to be commissioned by September 2024.
The state-owned company s board of directors has accorded approval for capital investment. The capacity expansion will improve operational flexibility of the refinery to meet domestic energy demand and also enhance the petrochemicals intensity, it said in a statement.
Read more about IOCL to invest Rs 32,946 cr to expand capacity of Panipat refinery on Business Standard. This capital infusion is expected to increase the capacity of Panipat refinery to 25 MMTPA from 15 MMTPA.