Prime Minister Narendra Modi will lay the foundation stone of the Downstream Petrochemical Complex and Refinery Expansion Project at Madhya Pradesh's Bina Refinery, owned by a state-run oil marketing company, on Thursday.... The project forms part of a substantial Rs 49, 000 crore expansion plan that has been outlined for the sprawling plant.... The expansion is set to result in the production of more than 2, 200 kilotons of petrochemical products....

But the higher reliance on term contracts could be poorly timed as the market expects a flush of new supply that could drive spot prices lower, leaving Indian buyers exposed to more expensive contracted LNG, it pointed out in a note.... But unlike other major buyers such as Japan and South Korea where imported gas mostly goes into the power sector, India’s downstream demand profile is unique given that 35 per cent of LNG demand is feedstock for industries like fertiliser production, SP’s note s

KARACHI/ ISLAMABAD: While announcing initiatives to bring down the cost of doing business to spur industrial activities in the country’s economic nerve centre, Caretaker Commerce Minister Gohar Ejaz on Thursday said that Karachi is going to have a Garment City besides an enormous area of Pakistan Steel Mills( PSM) will be converted into a special zone for industrial development. Presiding over a meeting with businessmen of Karachi at Governor House on Thursday, the minister said a modern infrast

Prime Minister Narendra Modi will on Tuesday launch development projects worth over Rs 19, 600 crore and address a public meeting in Odisha's Jajpur district, an official statement said.... Click here to follow our WhatsApp channel He is slated to address a rally of the BJP at 4.15 pm in Jajpur, considered a stronghold of the ruling Biju Janata Dal( BJD).... He will inaugurate Indian Oil Corp's mono ethylene glycol facility at the Paradip Refinery, a 344-km-long product pipeline from Paradip t