IndianOil to invest Rs. 903.52 crore in HURL

The Board of Indian Oil Corporation Limited at its meeting held on 15th September, 2023 has accorded approval for additional investment of Rs. 903.52 crore in Hindustan Urvarak and Rasayan Ltd. (HURL), a Joint Venture of IndianOil incorporated for setting up fertilizer plants at Gorakhpur, Sindri, and Barauni.

Camlin Fine Sciences extends closure of Diphenol Plant

Camlin Fine Sciences Limited has informed that the temporarily closure of Diphenol Plant of our wholly owned subsidiary, CFS Europe SPA situated in Ravenna, Italy shall be extending upto October 31, 2023 due to continuing issue of difficult macro‐economic situation in Europe coupled with low pricing and weak demand across the industry.

RIL to shutdown Jamnagar refinery for maintenance

Reliance Industries Ltd (RIL) is proposing to undertake shutdown of following units at Jamnagar for planned maintenance and inspection activities:

(a) One Crude Distillation Unit & one Delayed Coking in SEZ refinery - for about 4 weeks starting from the fourth week of September 2023;

(b) Fluidized Catalytic Cracker in DTA refinery - for about 7 weeks starting from mid- September 2023; and

(c) Refinery Off Gas Cracker - for about 4 weeks starting from the last week of September 2023.

All other units at Jamnagar will operate normally during this period. The Company does not expect any material impact on overall operations of Jamnagar complex.