INFRASTRUCTURE
Bharat Petroleum Corpn Charts Growth Path Amid ₹3,962-Cr Q1 Loss
Bharat Petroleum Corporation Ltd (BPCL) reported a challenging first quarter of FY27, with a loss of ₹3,962 crore as elevated crude prices, driven by geopolitical tensions in the Middle East, and compressed marketing margins weighed on performance. The volatility highlighted the need for an integrated, diversified and resilient business model, while rising energy demand, increasing […]
CW Bureau
·
Aug 28, 2026
INFRASTRUCTURE
OIL Targets 10-12 MMTOE Production By 2030, Expands Energy Push
Oil India Ltd (OIL) is strengthening its role in India’s energy security through full-value-chain integration, with a continued focus on upstream growth, midstream infrastructure, petrochemicals, city gas distribution, offshore exploration and energy-transition opportunities. In a letter to shareholders, OIL Chairman and Managing Director Ranjit Rath said the company is targeting 10-12 MMTOE of production by […]
CW Bureau
·
Aug 25, 2026
INFRASTRUCTURE
IndianOil Charts AI-Led Growth, Expands Gas & Petrochemicals Push
Indian Oil Corporation Ltd (IndianOil), India’s largest oil marketing company, is accelerating investments in digital technologies, natural gas, petrochemicals and core refining infrastructure as it prepares for the next phase of growth. “The road ahead will undoubtedly present new challenges, but it will also create new possibilities,” said IndianOil Chairman A.S. Sahney in a letter […]
CW Bureau
·
Aug 7, 2026
ECONOMY
BPCL Builds Future Growth Around Petrochemicals, Green Energy
India’s Maharatna company Bharat Petroleum Corporation Ltd. (BPCL) remains focused on strengthening its long-term growth strategy by expanding its portfolio across petrochemicals, gas, renewable energy, digital businesses and customer-centric energy solutions. “The first quarter of FY27 was financially challenging. However, it also demonstrated our resilience, operational agility, ability to navigate uncertainty and collective strength to […]
CW Bureau
·
Aug 4, 2026
INFRASTRUCTURE
IOC Invests Over ₹62,600 Cr To Turn Paradip Into Petrochemical Hub
IndianOil has made a cumulative investment of approximately ₹43,359 crore at its Paradip complex in Odisha. It is also investing another ₹19,251 crore in new petrochemical, textile and sustainable aviation fuel (SAF) projects. The combined investment is aimed at transforming Paradip into an integrated energy and petrochemical hub while creating long-term economic value. Expanding petrochemical […]
CW Bureau
·
Jul 28, 2026
STARTUP/TECHNOLOGY
L&T Technology Services, Databricks To Develop Industrial AI Solutions
L&T Technology Services Ltd. (LTTS), a provider of engineering and technology services, has entered into a strategic go-to-market partnership with Databricks to co-develop Industrial AI solutions aimed at advancing Engineering Intelligence (EI) for asset-intensive industries. The partnership, anchored in LTTS’ sustainability business segment, will focus on sectors such as energy, petrochemicals and industrial manufacturing, helping […]
CW Bureau
·
Jun 11, 2026
INFRASTRUCTURE
ONGC, MRPL JV With OPaL To Integrate Petrochem Marketing
The board of Oil and Natural Gas Corporation Ltd (ONGC), a public sector enterprise, has approved the formation of a joint venture company (JVC) with its subsidiaries Mangalore Refinery and Petrochemicals Ltd (MRPL) and ONGC Petro additions Ltd (OPaL) to integrate petrochemicals marketing across group entities. The proposed JV will have a shareholding structure of […]
CW Bureau
·
Apr 27, 2026
INFRASTRUCTURE
HPCL Rajasthan Pachpadra Refinery Project Cost Revised To ₹79,459 Cr
Ministry of Petroleum and Natural Gas has approved the revision in the project cost of HPCL Rajasthan Refinery Limited (HRRL) for the Pachpadra refinery-cum-petrochemical complex in Rajasthan, from ₹43,129 crore to ₹79,459 crore. Hindustan Petroleum Corporation Ltd (HPCL) is setting up the 9 million tonnes per annum (MTPA) joint venture project, which includes 2.4 MTPA […]
CW Bureau
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Apr 18, 2026
MANUFACTURING
Tamilnadu Petro, Kirloskar Ferrous Hit By ME-linked Supply Disruptions
Ashwin Muthiah-led Tamilnadu Petroproducts Ltd (TPL) has temporarily shut down its Heavy Chemicals Division plant due to the ongoing geopolitical tensions in the Middle East. TPL, in a regulatory filing, said the disruption constitutes a force majeure event as it is beyond its control, adding that the financial impact cannot be quantified at this stage. […]
CW Bureau
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Mar 18, 2026
MANUFACTURING
Tamilnadu Petroproducts Revises LAB Cost, HCD Expansion By ₹78 Cr
Ashwin Muthiah-led Tamilnadu Petroproducts Ltd (TPL) has revised the project cost for expanding its Linear Alkyl Benzene (LAB) plant and Heavy Chemicals Division (HCD) plant by ₹78 crore due to cost escalation. In a regulatory filing, the company said the cost of expanding the LAB plant has been revised to ₹365 crore from ₹310 crore, […]
CW Bureau
·
Mar 11, 2026
