PSU IN MEDIA
The size of the merged oil PSUs will help in acquisitions M K Surana CMD HPCL
MUMBAI. The large size of the new oil sector behemoth that will be created as a result of oil PSUs merger will help in acquisition of overseas assets, M K Surana, Chairman and Managing Director (CMD) of state-owned refiner Hindustan Petroleum Corp (HPCL) tells ET Energy world
We have a plan to use Rs 5,900 crore for this year which includes spending on expansion of Mumbai and Vizag refineries, marketing facilities etc. As far as expansion plans are concerned, as the board has approved it this year the expenditure as of now is less. The project follows an S curve; the initial part involves more of planning, designing and engineering which is not that capital intensive. We have also just received the environmental clearance for the Mumbai refinery. Energy.economictimes
Read Also : ERES-XXXIX incorporated as wholly subsidiary of REC Power Development& consultancy Limited
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC