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Rama Steel Tubes Partners with Onix Renewable on Solar Projects
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
NMDC aims to double iron ore production to 100 million tonnes by 2030
State-owned miner NMDC, the country's largest iron ore producer, aims to double its annual production to 100 million tonnes by 2030, up from 45 million tonnes in the 2023-24 fiscal year (April-March). Iron ore, a key raw material in steel production, is crucial for India's steel industry. The National Steel Policy projects India's production capacity to reach 300 million tonnes by 2030, up from approximately 155 million tonnes currently. Based in Hyderabad, NMDC operates mines in Chhattisgarh and Karnataka. India ranks as the fourth-largest iron ore producer globally, with the country's pr..
BPRL-IOCL JV secures first full production concession in Abu Dhabi
Bharat PetroResources (BPRL), a wholly-owned subsidiary of Bharat Petroleum Corporation (BPCL), in partnership with Indian Oil Corporation (IOCL), has received a production concession through their joint venture, Urja Bharat (UBPL). This concession was granted by the Supreme Council for Financial and Economic Affairs (SCFEA) in Abu Dhabi. This award follows UBPL's earlier exploration and production concession secured in March 2019, after successfully completing the exploration phase with an investment of approximately $164 million. The concession encompasses an area of up to 6,162 square kil..
AG&P Singapore in Negotiations to Acquire H-Energy's LNG Terminal
Singapore-headquartered Atlantic, Gulf & Pacific Company (AG&P) is in negotiations with Darshan Hiranandani's H-Energy to acquire its liquefied natural gas (LNG) terminal in Jaigarh, Maharashtra, according to two individuals familiar with the development. This acquisition would be a strategic move for AG&P, which intends to use the terminal to source LNG domestically and grow its city gas distribution business. Darshan Hiranandani chose not to comment on the matter. An industry executive, who wished to remain anonymous, mentioned that the deal is likely to be finalized in a few weeks. AG&P..
