Project News Details
Reliance to Invest Rs. 46,000 crore in Madhya Pradesh
Anil Ambani-led Reliance Group is planning to invest around Rs. 46,000 crore in Madhya Pradesh in sectors including electronics, energy, defence and IT. The commitment for the investment was made by the Reliance Group Chairman in a meeting with the state CM Shivraj Singh Chouhan.
As per the media reports, the CM also briefed about the Reliance officials about the state government’s efforts to improve the investment climate of Madhya Pradesh by investor-friendly policies.
Reliance is planning to set up an integrated land system defence manufacturing hub in Pithampur and a rotary wing helicopter manufacturing unit at a total investment of around Rs. 6000 crore.
Further, it is planning to establish a data storage cents in Pithampur with a proposed investment of Rs. 1500 crore.
The company will also make investments to the tune of Rs. 27,000 crore for manufacturing polysilicons and ingots for solar panels. The company has also proposed a further investment of Rs. 12,000 crore in its Sasan power plant.
Punj Lloyd wins Haldia Refinery EPCC Package from IOC
Diversified global conglomerate, Punj Lloyd has announced receiving a lump-sum turnkey contract for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation Ltd (IOCL) for a value of Rs 1094 crore.
The scope of work for the project involves the Residual Process Design, Detailed Engineering including HAZOP study, engineering, procurement, construction and commissioning of the Sulphur Block comprising the Sulphur Refinery Unit (SRU), Amine Regeneration Unit (ARU), the Sou...
L&T Bags 1700 Cr. International EPC Order for 400 MW Gas Based Power Plant in Bangladesh
Larsen & Toubro (L&T) has received an order valued at around 1700 Crores from Marubeni Corporation, Japan, for setting up the Bibiyana III 400 MW Combined Cycle Power Plant Project of Bangladesh Power Development Board (BPDB).
BPDB awarded the EPC contract for setting up the 400 MW gas based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub-contract to L&T on turnkey basis. This plant will be located at Nabiganj Upzila in H...
IOC Planning Petrochemical Plant in Iran
As per the reports in the media, Indian Oil Corp. (IOC) is planning to build USD 3 billion petrochemicals plant in Iran which will have access to cheap natural gas as its feedstock.
India is planning investments in energy infrastructure in Iran. This includes ports and upstream gas production.
IOC is looking at petrochemicals to drive growth. The company is planning an investment of around USD 4.5 billion in coming years to expand its business.