Mumbai, Sep, 24 (EPC News): Hindustan Petroleum Corporation has set aside capital expenditure of Rs45,000 crore over the next six years.

The company will spend Rs32,000 crore for setting up new refineries and expanding existing ones. The balance will be spent on exploration & producti

Mumbai, Sep, 24 (EPC News): Kirloskar Oil Engines Ltd has has received an order of Rs396 crore from Nuclear Power Corporation of India Ltd, the company said in its release, Saturday. 

The contract includes supply of 16 nos emergency diesel generating sets of 4.2 MW each.

"The

Mumbai, July, 27 (EPC News): Gas Authority of India Ltd (GAIL) marked a net profit of Rs985 crore in the first quarter ended this year in June, reporting a 11% increase from Rs886.88 crore in the same quarter last year. The company’s net sales touched Rs8,867 crore. The rising fuel prices h

Mumbai, July, 27 (EPC News): State-owned, Indian Oil Corporation (IOC) raised a $500 million through an overseas bonds issue to fund its capital needs. The issue was oversubscribed by about four times and IOC received offers to the tune of about $2 billion.  The bonds will have a tenure of 1

Mumbai, July, 27 (EPC News): Oil explorer Cairn India, marked a 9 fold jump in its quarterly profit touching at Rs2,727 crore from Rs280 crore in the same period a year ago. The company’s revenues surged more than four times to Rs3,713 crore. Cairn’s total income rose from Rs869 crore

Mumbai, July, 23 (EPC News): Reliance Industries ltD (RIL) plans to shut its production facility at the MA oilfield in the KG-D6 block for annual maintenance for about three weeks by the end of this month. The shutdown of its floating production, storage and offloading (FPSO) vessel at the field