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Polymer prices dive 3%, inventories pile up as demonetisation bites hard

Fri, 16 Dec 2016 05:53:42 GMT

(image) Effect on PVC is likely to linger into April or beyond. Wood Mackenzie predicts extended softness in markets for polypropylene and PVC.

NRL exports paraffin wax to Bangladesh

Wed, 30 Nov 2016 14:11:28 GMT

(image) Earlier NRL has exported wax to Nepal, Kenya and Mexico. The consignment was flagged off by Director Finance NRL - S. K Barua.

Demonetisation: GAIL stock flow comes to a screeching halt

Mon, 21 Nov 2016 19:48:30 GMT

(image) The Indian petrochemicals industry has been growing annually by 14% and is expected to reach $100 million in size by 2020.

Government plans to set up petrochem hubs around 22 oil refineries

Fri, 24 Jun 2016 10:47:58 GMT

(image) The proposed petrochemical complexes would not just be confined to Gujarat, Maharashtra, Andhra Pradesh, Odisha and parts of Tamil Nadu.

BP boss faces revolt over pay rise despite loss

Thu, 14 Apr 2016 12:21:18 GMT

(image) The pay increase is linked to a doubling of funds set aside for Dudley's pensions and is based on a calculation approved by shareholders in 2014.

Fuel prices: British Petroleum says dividend payouts no longer a priority

Thu, 14 Apr 2016 12:00:20 GMT

(image) BP, which had long said dividends were an absolute priority, said that although its goal was to maintain dividends, it "must" at the same time secure future by investing wisely.

IVL set to acquire strategic stake in Dhunseri Petrochem

Sun, 28 Feb 2016 21:01:26 GMT

(image) Indorama Ventures will acquire a substantial stake and manage the company jointly with the Dhanukas, people familiar with the deal said.

Atanu Chakraborty appointed Director General of Hydrocarbons

Wed, 24 Feb 2016 11:38:55 GMT

(image) 55-year-old Chakraborty has been appointed for four-year term in the rank of Additional Secretary as chief of DGH, an order issued by Department of Personnel and Training said.

NE Hydrocarbon Vision 2030 proposes Rs 1,30,000 crore investments

Tue, 09 Feb 2016 07:56:56 GMT

(image) According to it, Rs 80,000 crore will be required for upstream activities, Rs 20,000 crore for midstream and Rs 30, 000 crore for downstream.

Government plans to double per capita plastics consumption: Dharmendra Pradhan

Thu, 04 Feb 2016 12:46:48 GMT

(image) Government is encouraging investments in petrochemical sector and plans to double per capita consumption of plastics to 20 kg a person by 2022.

PM Narendra Modi to inaugurate Rs 10,000 crore gas cracker project in Assam

Wed, 03 Feb 2016 10:58:19 GMT

(image) In 2007, former Prime Minister Manmohan Singh had laid the foundation for the project at Lepetkata near Dibrugarh in Assam.

Tremendous potential for India, Brunei in hydrocarbon sector: Hamid Ansari

Wed, 03 Feb 2016 05:00:59 GMT

(image) India, he said, is also keen to work with Brunei in setting up a fertiliser plant that would make use of the hydrocarbon resources available here.

MRPL appoints Akshaya Kumar Sahoo as Director Finance

Mon, 01 Feb 2016 10:26:49 GMT

(image) Akshaya Kumar Sahoo today took over as the Director Finance of Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of state-owned ONGC.

GAIL seeks ethane import from US for $5-billion petrochemical plant

Sun, 31 Jan 2016 06:22:23 GMT

(image) GAIL will be the second company, after Reliance, to plan import of ethane - a component of natural gas found in abundance in the Marcellus shale.

Once a defunct co, HPL now aims to regain glory under Purnendu Chatterjee

Mon, 25 Jan 2016 06:28:53 GMT

(image) Backed by state government, the petrochem company's largest shareholder Purnendu Chatterjee got his life back and now eyes its turnaround within 4 years.