KEC International Ltd. has agreed to acquire Spur Infrastructure, an Ahmedabad-based engineering, procurement and construction (EPC) company in the oil and gas pipelines sector, for INR 62 crores. The acquisition is anticipated to close within 60 days from the date of agreement, said KEC International, which is an Indian construction engineering company owned by RPG […]
Oil India Limited said that it has transferred more than three crores and sixty one lakh equity shares of Numaligarh Refinery Limited (NRL), the holding company of the Numaligarh oil refinery in Assam, to the Assam government. The consideration of the share transfer is INR 217.75 per share with the total sum being INR 7.86 […]
Indian Oil Corporation Limited (IOCL) has given a contract to Engineers India Limited (EIL) pertaining to the $4.4 billion Panipat Refinery expansion project in Haryana. Under the INR six billion worth contract, Engineers India Limited will be responsible for providing consultancy for overall project management and also EPCM services (phase 2) of the project. The […]
Bharat Petroleum Corporation Limited (BPCL) said that its board of directors has approved the sale of the company’s stake of 61.65% in the Numaligarh Refinery for INR 98.75 billion ($1.34 billion) to a consortium of Oil India Limited and Engineers India and to the Assam government. According to BPCL, the sale will be done to […]
India oil and gas news : Reliance Industries and its partner BP in the Block KG D6 have sanctioned a new project to draw more gas from India’s Krishna-Godavari Basin by developing the MJ gas field. Dubbed as the MJ gas project, the offshore development is the third project to be undertaken by Reliance Industries […]