Andhra Pradesh: Visakhapatnam Port Trust Signs Pacts Worth Rs 30,000 Crore For Expansion Plans
A ship anchored at Visakhapatnam Seaport (Abhijit Bhatlekar/Mint via Getty Images)Â
Ahead of the Maritime India Summit 2021 which is scheduled to begin from 2nd March, the Visakhapatnam Port Trust (VPT) on Friday (26 February) has signed memorandum of understanding (MoUs) worth about Rs 30,000 crore with various industries and government agencies, reports
The New Indian Express.
The pacts were inked for capacity expansion, beach nourishment, development of fishing harbour, LPG plant and various other projects.
Hindustan Petroleum Corporation Limited (HPCL), ArcelorMittal Nippon Steel India (AM/NS India), Dredging Corporation of India, JD Fisheries and Integral Logistics Services are some of the entities that have entered into an agreement with VPT.
Fact Check: Viral image of petrol bill asking not to vote for PM Modi is fake
An image of a petrol bill purportedly by an HPL dealer named Sai Balaji Petroleum in Mumbai’s Vikhroli is viral on social media. The text along with the image asks readers to not vote for Prime Minister Narendra Modi the next time if they want reduced petrol prices.
advertisement
An image of a
petrol bill purportedly by an HPL dealer named Sai Balaji Petroleum in Mumbai’s Vikhroli is viral on social media. The text along with the image asks readers to not vote for Prime Minister Narendra Modi the next time if they want reduced petrol prices.
Congress leaders sit on LPG cylinders to address a press conference at AICC headquarters aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
The sustained strength of marketing margins (MM) and recovering demand for petroleum products is supporting the profitability of India s oil marketing companies (OMC) against weak gross refining margins (GRM). It is lowering downside risks for their credit metrics, Fitch Ratings said. Petroleum product sales for Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) surged by 22%-23% in the third quarter (Q3FY21) from the previous quarter. The recovery of domestic transportation fuel demand to near normal levels, barring aircraft fuel, and MMs on auto fuel at above pre-pandemic levels aided the sales. However, reported GRMs dropped due to lower inventory gains and the improvement in underlying GRMs was limited by weakening product cracks and increasing crude oil prices.
Major fire at LPG cylinder godown in Mumbai s Versova
At least four people were injured when a major fire followed a blast in a gas cylinder godown of a major oil and gas company in the thickly populated Versova suburb of Andheri west, here on Wednesday, officials said.
According to the BMC Disaster Control, the blaze was reported around 9.45 a.m. in the Hindustan Petroleum Corporation Limited (HPCL) gas cylinder storage depot located on Yari Road near the Anjuman School.
16 fire tenders rushed to spot
Even as panic gripped the locality, Mumbai Fire Brigade rushed 16 fire-tenders to battle the massive blaze, the cause of which is not known. The conflagration was brought under control in a couple of hours, said an official.