Engineers India (EIL) spurted 2.93% to Rs 89.60 after the company secured a deal from Indian Oil Corporation (IOCL) for capacity expansion of Panipat Refinery to 25 million metric tonnes per annum (MMTPA).
Indian Oil Corporation (IOCL) has awarded a project to EIL for the execution of consultancy for overall project management and EPCM services (Phase-II) for capacity expansion of Panipat Refinery from 15 million metric tonnes per annum (MMTPA) to 25 MMTPA (P-25 project).
The total awarded order value is around Rs 600 crore with a total project schedule of 40 months for mechanical completion. The announcement was made after market hours yesterday, 2 March 2021.
EIL s consolidated net profit dropped 19.7% to Rs 90.32 crore on a 6% decline in net sales to Rs 845.49 crore in Q3 FY21 over Q3 FY20.
Weekly Oil And Gas Update: Winter Storm Helps Boost Texas Oil To More Than $60 Per Barrel
As Houstonians faced freezing temperatures and widespread power outages last week, the frigid weather also limited oil and gas production in the state. As output starts to stabilize this week, West Texas Crude is trading around $63 dollars a barrel.
February 24, 2021, 3:07 PM
In this Monday, Sept. 2, 2019, photo, pump jacks stand next to a housing development in Odessa, Texas in the Permian Basin.
It took a global pandemic to help push Texas oil prices to historic lows last year, and it took an unprecedented winter storm to assist in their ascent back to $60 or more per barrel this year.
Updated Feb 22, 2021 | 17:27 IST
The gas unit plant launched today is going to increase the capacity of LPG production and will make life easier for the people in Assam and Northeast. It will also increase employment opportunities for youth PM inaugurates important Oil & Gas projects in Assam
New Delhi: Prime Minister Narendra Modi dedicated to the nation INDMAX Unit at Indian Oil’s Bongaigaon Refinery, Oil India Limited s Secondary Tank Farm at Madhuban, Dibrugarh and a Gas Compressor Station at Hebeda Village, Makum, Tinsukia remotely from Dhemaji in Assam today.
Addressing the public at the event, the Prime Minister said North East will be the new growth engine of India and he is inspired to work more for the people of Assam. He recalled how the North Bank in the Brahmaputra gave birth to Assamese cinema eight decades ago with the film Joymoti.