April 23, 2021
The first parcel was transported to Silvassa and Chennai
The first parcel of Normal Butanol produced in the new propylene derivatives petrochemical complex of Bharat Petroleum Corporation Ltd at Kochi Refinery was virtually flagged off by Arun Kumar Singh, Director (Marketing), BPCL-Kochi Refinery.
Normal Butanol is one of the six major niche petrochemicals being produced and marketed in ‘world scale economic size capacity’ for the first time in the country by BPCL.
The first parcels of Normal Butanol was transported in ISO containers to KLG Plasticizers (Silvassa) and Rachna Plasticizers (Silvassa) and in tank lorry to Visen Industries, Chennai. The product finds application in plasticizers, textile manufacture, impact modifiers for rigid PVC, amino resins and butyl amines.
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Synopsis
Oil and Natural Gas Corporation (ONGC) had budgeted Rs 32,502 crore of capital spending in the fiscal from April 2020 to March 2021 but ended up spending only Rs 26,441 crore, according to the report of the oil ministry s Petroleum Planning and Analysis Cell (PPAC).
A company official said the lower than targeted Capex was because of project implementations getting delayed.
Oil and gas producer
ONGC spent about one-fifth less than its budget Capex in 2020-21 fiscal after COVID-19 related restrictions delayed projects but fuel marketers such as IOC exceeded targeted capital spending, a government report showed.
Oil and Natural Gas Corporation (ONGC) had budgeted Rs 32,502 crore of capital spending in the fiscal from April 2020 to March 2021 but ended up spending only Rs 26,441 crore, according to the report of the oil ministry s Petroleum Planning and Analysis Cell (PPAC).
Oil and gas producer ONGC spent about one-fifth less than its budget Capex in 2020-21 fiscal after COVID-19 related restrictions delayed projects but fuel marketers such as IOC exceeded targeted capital spending, a government report showed. Oil and Natural Gas Corporation (ONGC) had budgeted Rs 32,502 crore of capital spending in the fiscal from April 2020 to March 2021 but ended up spending only Rs 26,441 crore, according to the report of the oil ministry s Petroleum Planning and Analysis Cell (PPAC). A company official said the lower than targeted Capex was because of project implementations getting delayed following the disruption caused to the supply chain and labour movement by COVID restrictions.