Project News Details

GM to Invest USD 1 billion in India

General Motors has announced an investment of USD 1 billion in India over the coming five years. The investment is a part of commitment by Chevrolet to global growth markets. However, the company is also closing its plant in Halol, Gujarat. As per the company officials, the proposed investment will be made on new product development, securing equipment and expansion of the company’s plant in Talegaon, Maharashtra. In a visit to India in September 2014, General Motors CEO Mary Barra had stated that the company has plans that are in line with the Make in India program announced by the Prime Minister Narendra Modi.

Other News

  • 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.

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