Punj Lloyd to upgrade IOC's Barauni refinery for Rs.649 crore India's leading engineering and construction company Punj Lloyd said it has bagged a Rs.649 crore ($154.5 million) contract from Indian Oil Corporation (IOC) to help the state-run oil company upgrade its refinery in Barauni, Bihar. 06 Jun 2008
3.
Indian Oil posts Q4 loss of Rs.414 crore, mulls rationing of fuel India's largest state-run oil refiner, Indian Oil Corporation (Indian Oil) has posted dismal fourth quarter (Q4) results, announcing a net loss of Rs.414.27 crore for the first time in the past two years. 30 May 2008
Bharat Oman Refineries IPO set for launch Bharat Oman Refineries Ltd (BORL), an equal joint venture between state-owned Bharat Petroleum Corporation Ltd (BPCL) and Oman Oil Co., is set to raise about Rs.2400 crore ($600 million) by tapping the primary market as well as through a pre-IPO placement, to part finance a Rs.10,400 crore ($2.6 billion) refinery project at Bina, Madhya Pradesh. 09 Apr 2008
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Core sector growth in India slips to 4 percent Influenced by US economic slowdown, rupee appreciation against the dollar, rising inflation and tightening monetary policy, core sector growth in India is slowing down, the Commerce and Industry Ministry has warned. 22 Feb 2008
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Larsen JV to build Oman refinery equipment factory Indian engineering and construction firm Larsen & Toubro said on Saturday a joint venture firm had signed a deal with Oman's Sohar Industrial Port Company to set up an equipment manufacturing plant in Oman. 15 Dec 2007
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Reliance sets aside $27 billion for acquisitions, gas explorations Reliance Industries (RIL), India's most valuable firm in terms of market capitalisation and owner of world's third largest refinery, will be setting aside up to $15 billion for making "world-scale" acquisitions in the energy sector besides investing more than $12 billion for development of gas exploration off the country's east coast. 12 Dec 2007
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HPCL plans to inject $4.5 billion over 5 years India's second largest refining and oil marketing company Hindustan Petroleum Corporation Ltd (HPCL) plans to inject $4.5 billion over a period of five years in fields of exploration, gas marketing and petrochemicals. 21 Nov 2007
10.
Essar Oil plans $6 billion refinery expansion Essar Oil said on Friday it will spend about $6 billion to expand its refining capacity, and added it had shelved a plan to delist the company's shares from the Indian stock market. 16 Nov 2007
