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PETROCHEMICAL DIVESTMENTS
Nayara Energy looks inward as overseas options shrinkHit by EU sanctions due to Rosneft's stake, Nayara Energy offered its export volumes of petrol and diesel to Indian state-run refiners. The...
Closures, disposals reshaping the global petrochemical sectorGlobal petrochemical sector is undergoing a significant transformation with closures and disposals, particularly in Europe, due to rising c...
Trying to revive the west coast refinery project: Hardeep Singh PuriThe proposal was to set up Asia's largest refinery with a 60 million tonnes per annum (MTPA) capacity in Ratnagiri, Maharashtra. The projec...
Saudi Arabia's SAFCO acquires agri-nutrients business from SABICSAFCO will finance the acquisition by issuing 59.4 million shares, valued at 10 riyals each, to SABIC, raising the fertilizer group's overa...
Leading asset management companies line up to facilitate govt's divestment planSBI Capital Market, ICICI Securities Limited, IDBI Capital Markets & Securities Limited, Elara Capital India and SMC Capital have been call...
GMR Infra to divest large part of non-core assets; betting big on land monetisationThe airport-to-port conglomerate in an investor presentation said land at strategic industrial locations will benefit from the possible man...
GMR Infra to divest large part of non-core assets; betting big on land monetisation"Government of Andhra Pradesh signed MoUs with Haldia Petrochemicals Ltd to set up a refinery cum petrochem project in 2,500 acres and with...
RIL selling 17% stake in Jio Platforms in 1 month to help pare half its net debt: Moody'sAll the transactions are currently underway and subject to regulatory and other approvals.
Deepak Fertilisers & Petrochemicals sells non-core industrial land in Dahej for Rs 99 crDeepak Fertilisers & Petrochemicals on Tuesday said it has divested one plot of its industrial land in Dahej, Gujarat for Rs 99 crore, as p...
HPCL, Gail, ONGC to invest Rs 1.18 lakh crore in Andhra Pradesh"What we have signed is an MoU expressing intent for setting up the petrochemical plant," GAIL Chairman and Manging Director B C Tripathi t...
HPCL, GAIL to divest up to 50% stake in petrochem plant in Andhra PradeshCurrently, it is a 50:50 project but we are open to inducting a strategic partner, says HPCL Chairman and Managing Director Mukesh K Surana...
The Chatterjee Group to resume HPL arbitration proceedings in Paris CourtTCG and the WB government have both laid claim to the shares. The Kolkata HC has meanwhile extended its stay on the transfer of shares unti...
Reliance, IOC, Cairn India in race for HPLReliance Industries, Indian Oil Corp and Cairn India are among six firms that may submit price bids early next month to buy stakes in HPL.
Haldia Petrochemicals set to get Rs 100 cr on May 23, HPL stake sale on trackThe West Bengal government today said that it would give Rs 100 crore to ailing Haldia Petrochemicals (HPL) for creating confidence among b...
Reliance Industries in talks to buy British Petroleum's Malaysia plantThe plant may not be worth much, but it could ensure that RIL's operations in Malaysia are fully integrated, as they are in India.
- Murugappa enters race to acquire Mallya’s Mangalore Chemicals and Fertilizers
Mallya’s investment holding company United Breweries Holdings owns 30.44% promoter stake in MCF, which has been long considered a non-core ...
- HC sets aside CLB order to transfer Bengal govt stake in HPL to TCG
A bench of justice Jayanta Kumar Biswas also dismissed the CLB order that asked the state government to transfer its 155 million shares in ...
- George writes to PM against oil PSUs' sell-off
Differences within the Vajpayee government over the strategic sale of HPCL and BPCL appeared to be deepening, with defence minister and NDA...
- Shortlisted cos to put bids for IPCL today
Three shortlisted players IndianOil, Nirma and Reliance Industries are set to submit the financial bids for buying the government's 26 per ...
- IPCL bidders over with due diligence
MUMBAI: The divestment of Indian Petrochemical Corporation has entered the final stage with due diligence by the three shorlisted bidders R...