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Privatization bound BPCL Board approves of the amalgamation of BORL

Amalgamation is expected to enhance the valuation of BPCL bound for privatization but rising fuel prices may act spoiler.

Shreya Banthia / Article rating: 5.0

In the Board Meeting held on October 21, the scheme of amalgamation has been approved by the members. The amalgamation will consolidate BPCL’s presence in Bina facilitating future expansion and diversification in the region. BPCL, which is a Maharatna PSU holds 14-15 per cent of the country’s total refining capacity. Amalgamation is expected to enhance the valuation of BPCL bound for privatization by enhancing its refining capacity. 

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India Grid Trust completes acquisition of two solar assets for Rs 660 crore

The 100 MW assets are fully operational and located in a high radiation zone in the 400 MW Ananthapuramu Solar Park in Andhra Pradesh with a contractual period of 25 years at a fixed tariff.

Apurva Joshi / Article rating: 4.5
India Grid Trust, which is India’s first power infrastructure investment trust (InvIT) has informed the bourses that it has completed the...

Aegis Logistics forms JV with Vopak for operating LPG & chemical terminals in India

The partnership is well-positioned for further growth, which targets mainly LPG along with chemicals & industrial terminal opportunities.

Apurva Joshi / Article rating: 4.0
Aegis Logistics Limited and Vopak (Netherlands) have decided to join forces in India with an aim to grow together in the LPG, chemicals storage...

Tata Power wins solar rooftop project worth Rs 400 crore from Kerala State Electricity Board

The project has to be commissioned within three months of receipt of the order from individual residential customers.

Apurva Joshi / Article rating: 5.0
Tata Power Company , Limited has won a contract worth Rs 400 crore from Kerala State Electricity Board Limited (KSEBL) to develop 64 MW solar...

Ducon Infratechnologies locks in upper circuit on bagging second FGD project of NTPC

The company continues to be actively involved in bidding on both flue gas desulfurisation (FGD) and material handling system (MHS) projects.

Apurva Joshi / Article rating: 3.4
Ducon Infratechnologies Limited has informed the bourses that in a reverse auction conducted for flue gas desulphurisation system (FGD) package...
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