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Expansion of Visakh Refinery, setting up of Greenfield refinery near Visakhapatnam on the agenda

State-owned Hindustan Petroleum Corporation Limited is keen on expediting the process for its Rs.60,000-crore investment plan for expansion of Visakh Refinery and setting up of a Greenfield refinery near the city.

Union environment and forests minister Jayanthi Natarajan on Thursday called for setting up a corpus fund to help quick response to oil spills in the sea and protecting India's fragile coastal eco-

Visakhapatnam: The industrial units and PSUs that are partners of Green Visakha Project were asked to shoulder trusted responsibility in making the Project a realistic and noble activity.

State-run Hindustan Petroleum Corporation Limited (HPCL) has said it might set up the proposed Rs 37,229-crore greenfield refinery-cum-petrochemical complex at Barmer in Rajasthan, not in Lilala, a

State-owned oil and gas firm Hindustan Petroleum (HPCL) has teamed up with gas company GAIL to revive an ambitious . 32,000-crore petrochemicals project in Andhra Pradesh.

The Barmer refinery-cum-petrochemical complex is likely to be relocated to Pachparda tehsil following protest by farmers at Leelala over compensation.

State govt assures the court it will compensate the loss to the oil companies

The Kerala high court on Thursday directed public sector oil companies -- Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL) -- to supply diesel to the Kerala State Road Transport Corporation (KSRTC) at subsidised rate. In a petition filed by the corporation, a single bench opined that the stand of the oil companies was discriminatory. The state government has assured the court it would compensate the loss to the oil companies.

The company will on March 13 sign a MoU with the Rajasthan government for setting up the refinery-cum-petrochemical complex

State-owned Hindustan Petroleum Corp Ltd (HPCL) plans to invest Rs 37,000 crore in setting up a nine million tonne oil refinery and a petrochemical complex at Barmer in Rajasthan. The company will on March 13 sign a Memorandum of Understanding (MoU) with the Rajasthan government for setting up the refinery-cum-petrochemical complex, a source privy to the development said.

JAIPUR: In what will be the biggest ever investment in the state, the board members of Hindustan Petroleum Corporation Limited (HPCL) approved the Rajasthan government's proposal to set up the 19th oil refinery of the country in Barmer.

"The memorandum of understanding (MoU) to set up the refinery at Barmer will be signed in Jaipur on March 14 in the presence of Union minister of petroleum and natural gas Veerappa Moily," said a delighted state chief minister Ashok Gehlot. Talking to TOI, Gehlot said that the proposed refinery is a landmark achievement for the entire state and it will translate into revolutionary growth. "I immediately called Mr Moily and welcomed the decision," he added.

The Competition Commission of India (CCI) is issuing a notice to three state-owned oil marketing companies (OMCs) on a probe on whether they form a cartel to fix petrol prices.

The commission is also looking at the coal and fertiliser sectors, where government-owned companies dominate the market. “Law does not distinguish between government and private companies,” said Ashok Chawla, chairman of CCI, addressing the annual global investor conference here of Kotak Institutional Equities. “After the government clarified that it does not have a role to play in petrol pricing after deregulation, we have taken up the issue.”

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