IndianOil board approves cost revision for capacity expansion of Panipat Refinery   

The board of Indian Oil Corporation Limited at its meeting held on 1st December 2023 has accorded approval for the following: Procurement and installation of 4,000 fast electric vehicle chargers at an estimated capital investment of Rs. 919.78 crore and revision in cost of the project for capacity expansion of Panipat Refinery (from 15 to 25 MMTPA) from Rs. 32,946 crore to Rs. 36,225 crore and revision in completion schedule of the project from September 2024 to December 2025.

Aarvi Encon receives Rs. 29 crore LoI from HPCL 

Aarvi Encon Limited has received Letter of Intent (LoI) worth Rs. 29,29,88,808 (GST inclusive) for hiring of services of field engineers for various pipeline locations of Hindustan Petroleum Corporation Limited (HPCL). This duration of the project is two years.