India Business News: Bharat Petroleum Corporation Ltd (BPCL) on Tuesday reported more than doubling of its net profit for the December quarter on the back of inventory gai
Read more about Energy stocks jump on Business Standard. Energy stocks were trading in green, with the S&P BSE Energy index increasing 86.02 points or 1.42% at 6134.23 at 09:48 IST.
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HOUSTON, Feb. 8, 2021 /PRNewswire/ Lummus Technology today announced an award for its Indmax Fluid Catalytic Cracking (FCC) technology from Numaligarh Refinery Ltd. (NRL), a subsidiary of Bharat Petroleum Corporation Ltd. (BPCL). The Indmax FCC unit is part of NRL s refinery expansion project, which will increase crude processing capacity from the current 3 MMTPA to 9 MMTPA at their facilities in Golaghat, Assam, India. Lummus is the global licensor of Indmax FCC technology, which is developed in collaboration with Research & Development Centre of Indian Oil Company Limited (IOCL R&D). We are grateful that NRL selected Lummus and Chevron Lummus Global as the licensors for their refinery expansion, which is a testament to the superior performance of our technology and the tremendous relationship we have, said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology. This award is also recognition of the industry s confiden
The companys revenue growth reflected likely recovery from the impact of the Covid-19 pandemic on sales as the reopening of the economy helped in rise of diesel and petrol demand.