Paradip

L&T Energy Greentech plans to invest nearly Rs 80,000 crore to build its mega green hydrogen and green ammonia plants at Kandla and Paradip ports. It will soon tap the export market, starting with the Middle East, for its Made-In-India electrolysers, CEO Derek M Shah told Moneycontrol.

President Murmu to begin 2-day Odisha visit from November 26

The president will arrive at the Biju Patnaik International Airport here at 6 PM on November 26 and spend the night at Raj Bhavan.

Indian Oil aims to restart Paradip refinery from mid-September: sources

The refinery has one crude unit.

Paradip to be made a smart port, smart city: Nitin Gadkari

"The Centre is committed to speedy development of Odisha. While road network is being expanded in the state, Paradip will be made a smart port and smart city at a cost of Rs 40,000 crore," the Union Road Transport and Highways minister said while laying the foundation stone of the long-awaited second bridge on Brahmani river here today.

Government plans ambitious development of Mumbai and other city port lands

Pointing out that the Mumbai Port Trust (MbPT) is the biggest landlord in the city, Union Minister for Shipping, Road Transport and Highways, Nitin Gadkari, has revealed plans for a dream project, to develop &#82

Paradip refinery: Pradhan for fresh Odisha-Indian Oil pact

Amidst the tussle between Odisha government and IOCL over its refinery in Paradip, Union Petroleum Minister Dharmendra Pradhan today said that he favoured signing of a fresh agreement between the two.

Withdrawal of tax sops to IOC to hit sentiment: CII's Forbes

The Odisha government's decision to take back tax concessions to IOC's Rs 34,555-crore Paradip refinery will impact investor sentiment adversely, industry body CII has told the state chief minister.

Sensex gains after opening flat, Nifty eyes 8950; RIL up 6%

Reliance Industries was the index-mover in early morning trade, with the stock soaring over 6% intraday. Meanwhile, Indian Oil Corporation fell in early morning trade on the back of withdrawal in tax sops to its Paradip refinery.

Indian Oil makes rare offer of jet fuel for March export

It has offered two cargoes of 15,000 to 16,000 tonnes each of jet fuel for loading from Paradip's south oil jetty over March 13 to 14 and March 24 to 25.

Paradip to be developed as world-class smart port city: Govt

"The rationale behind developing Paradip as a smart city is that Paradip already has a major port and with strong mineral resource presence in the region... these factors will make Paradip a hub for Micro, Small and Medium Enterprises (MSME)," the Ministry of Shipping said in a statement.

Cyclone 'Roanu' 50 km off Gopalpur : rains, winds disrupt life

The system is likely to move further northeastwards along and off north Andhra Pradesh and Odisha coast and intensify into a severe cyclonic storm in next 24 hours, the meteorological centre said.

Steel Min moots Paradip port as one-point entry for imports

The move is also dictated by the Ministry's plan to de-congest the Jawaharlal National Port Trust (JNPT), Mumbai, which mainly handles steel imports, a source said.

IOC to invest Rs 15K cr to raise Panipat refinery capacity

The official said IOC is also looking at raising capacity of its 13.7 MT a year Koyali refinery in Gujarat by 4.3 MT as well as hiking capacity of Mathura refinery in Uttar Pradesh by three MT to 11 MT.

India starts up 300,000 bpd Paradip refinery: Sources

Output from the USD 5.2 billion Paradip refinery will compete with rising supplies of fuels from new and expanded plants in the Middle East and China, putting pressure on the profit margins of Asian refiners.

Essar Pwr commissions 1st unit of 120 MW Paradip Pwr Plant

In the coming months, the balance 90 MW (3 X 30 MW) would be commissioned in phases, a company release said. The 120 MW coal fired power plant will meet the power requirement of Essar Steel's 12 million tonnes per annum integrated palletisation facility in Odisha.

GAIL drops plan to set up LNG terminal at Paradip

GAIL was looking for a strategic partner for the 4 million tons a year floating liquefied natural gas (LNG) terminal off the Paradip coast. But with a partnership with Royal Dutch Shell and GdF Suez of France coming through for a similar project off Kakinada in Andhra Pradesh, the Paradip project has been axed.

Essar commissions Rs 6K cr pellet complex in Odisha

With commissioning of this 6 mtpa pellet plant in the first stage, Essar Steel's total pellet capacity has gone up to 14 million tonnes, making it the largest Indian producer of this intermediary product for manufacturing of steel.

IOC's credit profile to improve, says Moody's

IOC's second quarter earnings were weak "because of lower refining margins and inventory valuation losses," Moody's Investor Service said in a report.

Will invest Rs 1 trn in petchem, oil&gas in Odisha: Oil Min

An investment of about Rs 1 lakh crore will be made in Odisha in the next five years in petrochemicals and oil and gas sectors including strategic oil reserves, Petroleum Minister Dharmendra Pradhan said today.

Kuwait Petroleum eyes stake in IOC's Paradip refinery

IOC, which will start commissioning the 15 million tonnes a year refinery at Paradip in Odisha in June, is willing to offer no more than 26 percent stake in the project.

Push to infra sector: 2 new ports to be set up

In a major push to infrastructure sector, the Union Cabinet will consider tomorrow a proposal to set up two big ports with an investment of Rs 16,000 crore, a step being taken after a few decades.

Essar Steel to refinance Rs 20,000 cr debt with $ loan

Private steel maker Essar Steel is planning to refinance its entire domestic debt of around Rs 20,000 crore into dollar terms by September with a view to reduce interest costs, which in turn will help it to improve the margins.

IOC refineries processes 54.6 mn tonne crude in FY'13

Indian Oil Corp, the nation's largest oil refiner, today said its refineries processed 54.6 million tonnes of crude oil in 2012-13 fiscal, bettering the target of 54.25 million tonnes.

India offers Kuwait stake in petrochemical plants

India today offered Kuwait a stake in state-owned ONGC's Rs 21,396-crore petrochemical plant at Dahej in Gujarat and in IOC's proposed chemical unit at Paradip as it looks to strength ties with the oil rich nation.

Port mechanisation to increase revenue by 15%: Essar Ports

Essar Ports has commissioned its 16 million tonne per annum (MTPA) dry bulk terminal at Paradip in Odisha. CNBC-TV18 spoke to Rajiv Agarwal, CEO and MD, Essar Ports regarding the expectations from the project and the challenges ahead.