Industry
Govt’s petro sector revenues up 79% at Rs595,438-cr in 4 years
16 Jul 2019
The combined profits of the three PSU oil companies increased by nearly 30 per cent to Rs30,055 crore in 2018-19, from 13,091 crore in 2014-15
Barrick JV wins $5.95 bn arbitration award against Pakistan
15 Jul 2019
The Reko Diq mining project of Tethyan Copper Company (TCC) - a joint venture between Chilean mining company Antofagasta and Canada's Barrick Gold Corporation – was stopped midway, in November 2011, when the Balochistan government summarily rejected the application by the TCC's local operating subsidiary for a mining lease
McDermott wins $4.5 billion EPCI contracts from Saudi Aramco
12 Jul 2019
The contracts involve construction of a gas-oil separation platform, compression and accommodation facilities, in a consortium with China Offshore Oil Engineering Company, worth $3.0 billion, and construction of offshore gas facilities and pipelines worth $1.5 billion
EESL’s super-efficient ACs offer better cooling at 40% lower energy cost
09 Jul 2019
The air-conditioner, priced at Rs41,300 (inclusive of GST) in Delhi, promises saving of about 300 units or Rs2,400 on an average over a 12-month period, and up to 500 units or Rs4,000 per year compared to a three-star AC
Govt weighing Rs74,000-cr bailout for BSNL, MTNL: report
03 Jul 2019
While shutting down the PSUs will cost as much as Rs1.2 lakh crore, the department of telecom said that strategic disinvestment may not find any takers and that it may consider possibilities of a joint venture
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