petrochemicals

Death toll reaches 30 in Mexico gas facility plant explosion


September 22nd, 2012 - 9:23 pm ICT by BNO News
REYNOSA, MEXICO (BNO NEWS) -- The death toll reached 30 after Tuesday's gas facility explosion in northern Mexico, local authorities said Friday.Initial reports indicated that at least 26 people had been killed ... Read more...

Posted in World News |

Blast at Mexican gas facility kills 26, seven still missing


September 20th, 2012 - 1:28 am ICT by BNO News
REYNOSA, MEXICO (BNO NEWS) -- At least 26 people were killed Tuesday and seven others remain missing after a huge blaze erupted at a PetrĂ³leos Mexicanos (Pemex) natural gas facility in northern ... Read more...

Posted in World News |

Singapore’s export growth slows moderately


August 17th, 2012 - 12:57 pm ICT by IANS
Singapore, Aug 17 (IANS) Singapore's non-oil domestic exports (NODX) grew by 5.8 percent year on year in July, following the 6.6 percent increase in the previous month, trade promotion agency ... Read more...

Posted in Business |

US sanctions on Iran threaten ties with Russia


August 14th, 2012 - 12:53 am ICT by IANS
Moscow, Aug 13 (IANS/RIA Novosti) Relations between the US and Russia may suffer following new, wide-ranging US sanctions introduced against Iran, said a Russian Foreign Ministry official Monday."Washington should ... Read more...

Posted in World |

HPL awaits nod for product swapping terms in next board meeting


August 4th, 2012 - 8:18 pm ICT by IANS
Kolkata, Aug 4 (IANS) In a bid to arrange a temporary financing option, cash-strapped Haldia Petrochemicals Ltd (HPL), the second-largest maker of polyethylene in India, is awaiting a nod from ... Read more...

Posted in Business |

Reliance Industries Q1 net profit declines 21 percent


July 20th, 2012 - 9:47 pm ICT by IANS
Mumbai, July 20 (IANS) Reliance Industries (RIL) Friday posted a 21 percent decline in net profit at Rs.4,473 crore for the quarter ended June 30 against Rs.5,661 crore during the ... Read more...

Posted in Business |

India wants to cooperate with Cuba in energy, telecom


July 14th, 2012 - 3:30 pm ICT by IANS
Havana, July 14 (IANS) India has expressed interest in expanding cooperation with Cuba in the sectors of energy, telecommunications and tourism, a media report said here.Indian Minister of State for ... Read more...

Posted in Business |

HPL plans to hike production for turnaround


July 11th, 2012 - 11:19 pm ICT by IANS
Kolkata, July 11 (IANS) Attempting a turnaround, cash-strapped Haldia Petrochemicals Ltd (HPL) is planning to increase its production to 240 tonnes per hour and will perform a technical audit ... Read more...

Posted in Business |

Karnataka exceeds investment target, hits Rs.9-trillion mark (Lead)


June 8th, 2012 - 10:07 pm ICT by IANS
Bangalore, June 8 (IANS) It is raining trillions (crores) of rupees in Karnataka at its second Global Investors' Meet (GIM 2012) even though the advancing south-west monsoon is yet to ... Read more...

Posted in Business |

Fuel shortage to ease in Chennai, says Jayalalithaa


May 29th, 2012 - 9:42 pm ICT by IANS
Chennai, May 29 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Tuesday said the acute shortage of petrol and diesel will end in the metropolis as urgent steps are being taken ... Read more...

Posted in Business |

Amazing fungus can consume discarded plastic


May 18th, 2012 - 6:59 pm ICT by IANS
London, May 18 (IANS) Researchers have discovered a fungus in the Amazon rainforest that can break down the common plastic polyurethane, used in billions of discarded plastic bottles. Their pile-up, ... Read more...

Posted in Environment |

Reliance Industries raises $2 billion loan


May 9th, 2012 - 8:21 pm ICT by IANS
Mumbai, May 9 (IANS) Reliance Industries Ltd (RIL) Wednesday said it has signed deals with nine banks to raise $2 billion in loans to finance procurement of goods and services ... Read more...

Posted in Business |

Dubai exported products worth $800 mn in 2011


March 1st, 2012 - 12:23 am ICT by IANS
Dubai, Feb 29 (IANS/WAM) The total value of exports from Dubai, in the United Arab Emirates (UAE), crossed three billion dirhams (over $800 million) in 2011.The largest share of exports ... Read more...

Posted in World |

Honeywell opens its fourth technology centre


February 14th, 2012 - 7:09 pm ICT by IANS
New Delhi, Feb 14 (IANS) US-based diversified technology and manufacturing firm Honeywell Tuesday opened its fourth technology centre in India at Gurgaon at an investment of $34 million (Rs.167.8 crore)."This ... Read more...

Posted in Business |

Gilani arrives in Qatar Monday


February 6th, 2012 - 12:56 pm ICT by IANS
Islamabad, Feb 6 (IANS) Pakistan Prime Minister Yousuf Raza Gilani begins Monday a three-day official visit to Qatar, a country from which Pakistan wants to import gas to ... Read more...

Posted in Business |

RIL profit falls 13.55 percent, to buy back shares


January 20th, 2012 - 9:10 pm ICT by IANS
Mumbai, Jan 20 (IANS) India's most valuable firm, Reliance Industries Ltd (RIL), Friday said its net profit fell 13.55 percent to Rs.4,440 crore in the third quarter of the current ... Read more...

Posted in Uncategorized |

Andhra gets Rs.5.57 lakh crore investment at Partnership Summit (Lead)


January 12th, 2012 - 11:42 pm ICT by IANS
Hyderabad, Jan 12 (IANS) Andhra Pradesh has bagged projects involving investment of Rs.5.57 lakh crore, of which the MoUs for about Rs.1 lakh crore were signed Thursday on the first ... Read more...

Posted in Business |

Andhra bags Rs.5.57 lakh crore investment projects


January 12th, 2012 - 7:06 pm ICT by IANS
Hyderabad, Jan 12 (IANS) Andhra Pradesh has bagged projects involving investment of Rs.5.57 lakh crore, and the MoUs for about Rs.1 lakh crore were signed Thursday on the first day ... Read more...

Posted in Business |

US Exim Bank to diversify investment portfolio in India


January 6th, 2012 - 6:25 pm ICT by IANS
Hyderabad, Jan 6 (IANS) The US Export-Import Bank is looking to diversify its India portfolio, financing projects in education, healthcare and agriculture, its chairman and president Fed P. Hochberg said ... Read more...

Posted in Business |

Gulf petrochemical investments to touch $160 bn


January 1st, 2012 - 3:02 pm ICT by IANS
Kuwait City, Jan 1 (IANS/WAM) Investment in the petrochemical sector in the Gulf region would go up to $160 billion in the next five years, an energy report has revealed.The ... Read more...

Posted in Business |

HPL’s revival only after resolving shareholding dispute: Godrej


November 15th, 2011 - 11:34 pm ICT by IANS
Kolkata, Nov 15 (IANS) India's second largest polyethylene maker, Haldia Petrochemicals (HPL), which is currently facing a severe financial crisis, can be revived only if the promoters resolve the ongoing ... Read more...

Posted in Business |

Bengal inks deal for eco-tourism park, power plant at Nayachar


November 4th, 2011 - 12:41 am ICT by IANS
Kolkata, Nov 3 (IANS) The West Bengal government Thursday signed a pact with NRI businessman Prasoon Mukherjee for setting up a Rs.26,000 crore worth package of projects including an ... Read more...

Posted in Business |

Bengal to seek legal opinion on Haldia verdict


October 29th, 2011 - 11:28 pm ICT by IANS
Kolkata, Oct 29 (IANS) Asserting that revival of the cash-starved Haldia Petrochemicals Ltd (HPL) is its top priority, the West Bengal government Saturday said it will take further steps after ... Read more...

Posted in Business |

Reliance Industries net profit rises 15.8 percent


October 15th, 2011 - 6:32 pm ICT by IANS
Mumbai, Oct 15 (IANS) Mukesh Ambani-led Reliance Industries Saturday said its net profit for the quarter ended Sep 30 had risen 15.8 percent at Rs.5,703 crore compared to Rs.4,923 crore ... Read more...

Posted in Business |

Petrochemical investment policy being reviewed: Official


September 28th, 2011 - 8:13 pm ICT by IANS
Kolkata, Sep 28 (IANS) With India's petrochemical industry poised to grow by 11 percent annually by 2017, the central government was in the process of reviewing the policy that guides ... Read more...

Posted in Business |

ONGC to start two petrochemical projects by 2013


August 30th, 2011 - 5:16 pm ICT by IANS
New Delhi, Aug 30 (IANS) State-run Oil and Natural Gas Corporation (ONGC) Tuesday said two of its petrochemical projects will commence operations by 2013.The projects are being developed through joint ... Read more...

Posted in Business |

Brazilian oil giant to invest $11 bn in Mexico


August 1st, 2011 - 11:24 am ICT by IANS
Veracruz (Mexico), Aug 1 (IANS/EFE) Petroleo Brasileiro, or Petrobras, plans to invest $11 billion in oil exploration, production and refining projects in Mexico between now and 2015, an official said.Veracruz ... Read more...

Posted in Business |

MRPL posts six-fold increase in profit


July 26th, 2011 - 9:36 pm ICT by IANS
New Delhi, July 26 (IANS) Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of Oil and Natural Gas Corp (ONGC), Tuesday posted a six-fold increase in net profit at Rs.172.7 ... Read more...

Posted in Uncategorized |

DCNS signs technology transfer deal for Scorpene subs


June 7th, 2011 - 6:33 pm ICT by IANS
New Delhi, June 7 (IANS) In a major step forward for Indian industry, French shipbuilder DCNS India Tuesday said it has signed an indigenisation contract with Visakhapatnam-based Flash Forge India ... Read more...

Posted in Business |

Abu Dhabi, Oman oil companies sign finance deal


April 21st, 2011 - 1:16 am ICT by IANS
Abu Dhabi, April 20 (IANS/WAM) Abu Dhabi's International Petroleum Investment Company (IPIC) and Oman Oil Company (OOC) have signed an agreement on investments in oil, gas and petrochemicals projects and ... Read more...

Posted in Uncategorized |

Kazakhstan seeks Indian investment in its rapid industrialisation


April 16th, 2011 - 9:54 am ICT by IANS
Astana, April 16 (IANS) In diversifying its economy with at least 140 new manufacturing projects, Kazakhstan is keen to have investment from Indian businesses, its Deputy Foreign Minister Kairat ... Read more...

Posted in Business |

US firm to set nuclear power equipment plant in Andhra


February 24th, 2011 - 12:40 pm ICT by IANS
Hyderabad, Feb 24 (IANS) The US-based Brighton Equipment Corporation will set up a Rs.2,900 crore nuclear power equipment plant in Andhra Pradesh.A memorandum of understanding (MoU) for setting up the plant was ... Read more...

Posted in Business |

India, Japan signs CEPA to boost trade


February 16th, 2011 - 6:57 pm ICT by ANI
Tokyo, Feb 16 (ANI): Union Commerce and Industry Minister Anand Sharma and Japanese Foreign Minister Seiji Maehara signed the Comprehensive Economic Partnership Agreement (CEPA) here on Wednesday to give greater impetus to ... Read more...

Posted in National |

Naphtha cracker project at Indian Oil’s Panipat complex dedicated to nation


February 15th, 2011 - 7:48 pm ICT by ANI
New Delhi, Feb 15 (ANI): Rolling out the canvas for expansion of its operations through downstream integration into petrochemicals, India's largest Naphtha Cracker plant at Indian Oil's Panipat Complex was today dedicated ... Read more...

Posted in National |

Reliance Industries net profit rises 28 percent to Rs.5,136 crore


January 21st, 2011 - 7:36 pm ICT by IANS
Mumbai, Jan 21 (IANS) India's largest private company, Reliance Industries Friday reported a 28.14 percent rise in net profit at Rs.5,136 crore for the quarter ending Dec 31, compared to Rs.4,008 crore ... Read more...

Posted in Business |

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