Briefs: Confidence Petroleum India, Punjab Petroleum, De Nora India, NPCI and Primo Chemicals
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Briefs: Confidence Petroleum India, Punjab Petroleum, De Nora India, NPCI and Primo Chemicals

Confidence Petroleum India acquires Punjab Petroleum

  • By ICN Bureau | July 05, 2024

Confidence Petroleum India acquires Punjab Petroleum

Confidence Petroleum India has acquired 99.99% of the equity share capital i.e. 22, 50,000 equity shares of face value of Rs. 10/- each of Punjab Petroleum Corporation Limited (PPCL).

Consequentially, PPCL will be a Subsidiary of the Company w.e.f 1st July, 2024.

Confidence Petroleum India and PPCL both belongs to gas and petroleum industry and engage in the business of LPG bottling and cylinder manufacturing.

De Nora India receives order from NPCI

De Nora India Limited has received an order / contract from Nuclear Power Corporation of India (NPCI), for refurbishment of 4 Nos. Seawater Electrochlorination systems.

The order is for supply of 12 pieces De Nora make fully assembled Seaclor Electrolysers, 4 pieces CS Fabricated Skid Complete with FRP/GRS Junction Box and Dismantling, installation and commissioning of 4 set ofElectrolysers and skids supplied. The order is to be completed within 24 months from the date of PO.

Primo Chemicals secures long term coal linkages

Primo Chemicals Limited has secured long term coal linkages of Annual Contracted quantity of 1,25,000 MT for next 10 years or life of mine whichever is lower, by entering Fuel Supply Agreements dated 01.07.2024 with Northern Coalfields Limited, Madhya Pradesh.

It is expected that the said linkages, secured for the Company's captive power plant, will further provide long-term stability to the operations and improve financial performance.

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