NAPTHA PLANT
NTPC asked to shift Kayamkulam plant to other location
Sources said the state wants to shift the plant, which is fuelled by naphtha, to a place well connected with a gas pipeline.
Govt plans to extend subsidy payments to Mangalore Chemicals and Fertilisers, 2 others
The govt wants to ensure there is no shortage of urea in southern states, as there is only one active urea plant for the four southern states.
MCFL, 2 others seek subsidy for urea plants beyond April 16
The government had asked these companies to convert their plants into gas-based, but in absence of gas-connectivity these plants are forced to run on costlier naptha.
MCFL swings to Rs 29.32 crore net loss in December quarter
During the December 2014 quarter, the company's sales declined as production came down following the shut down of its lone urea plant.
GAIL not to shut down plant but convert to supply feedstock
The Centre had entrusted GAIL the responsibility of setting up the petrochemical plant at Lepetkata at a cost of Rs 8920 crore.
Haldia Petrochemicals closure impact minimal on Indian Oil Corporation
"We have switched to other product mix at Haldia refinery in the wake of closure of HPL and so the impact is not much," IOC's Y K Gupta said.
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MCFL and 2 other naptha-based plants resume production: Ananth Kumar
Recently, Deepak Fertilisers had said it has sold over 26 lakh shares, representing 2.2 per cent stake, in MCFL.
Tamil Nadu Government to forego VAT on naptha for two fertiliser plants
He recalled that following a demand by his predecessor J Jayalalithaa in June, subsidy for the two plants had been extended upto September.
Coal gasification alternative mode of feedstock for urea: Ananth Kumar
Kumar had also discussed this matter recently at a high-level meeting with Petroleum Minister Dharmendra Pradhan, Power Minister Piyush Goel.
Provide gas pipeline connectivity to MCFL, two others: Ananth Kumar
Ananth Kumar said that arrangements should be made to provide gas pipeline connectivity to the Naptha-based fertilizer plants including MCFL.
Fertilizer Ministry to move Cabinet for continuing subsidy to MCFL, others
"The Karnataka Chief Minister Siddaramaiah requested for restarting the MCFL, I explained him the subsidy burden as urea's cost of production using Naptha as feedstock is around Rs 40,000 per tonne, whereas in case of gas it is around Rs 15,000 per tonne. We will propose to Union Cabinet to consider this issue," Fertilizer Minister Ananth Kumar said.
MCFL shuts urea plant as government permission expires
Sources also added that further extension to these plants at the moment seems difficult as it will result in additional subsidy burden.
Gas-based plants in India not viable: Piyush Goyal
Gas-based plants in India are not viable because there is not enough gas in the country and Naptha-based plants produce costly energy, said Goyal.
Fertilisers and Chemicals Travancore hopeful of getting Rs 991 crore revival package in two months
FACT is hopeful of getting Rs 991 crore revival package recommended by Board for Reconstruction of Public sector Enterprises within two months.
Public Sector Fertiliser major FACT to invest Rs 6500 crore by 2020
FACT will be undertaking a total investment of Rs 6,500 crore by 2020 to achieve a turnover of Rs 7,000 crore and a profitability level of Rs 300 crore.
Thermax hits 52-week high on Rs 503 crore EPC order win
Thermax has won a Rs 503 crore turnkey contract from a government enterprise for setting up a captive power plant for a new 3 million tonnes per annum integrated steel plant.
Thermax bags Rs 503 crore order for captive power plant
Thermax has won a Rs 503 crore turnkey contract from a government enterprise for setting up a captive power plant.
Haldia Petrochemicals Ltd offers idle capacity to raise funds
To improve cash flow, Haldia Petrochemicals Ltd (HPL) has floated an expression of interest for companies keen to utilise its idle capacity.
Spic exits Jordan JV, sells 52% stake for $ 50.6 mn
Fertiliser company, Spic, which is in the process of working out a restructuring scheme and re-starting the plants at Tuticorin, has exited from its 12 year old joint venture in Jordan.
Supreme Court asks RIL to pay Rs 50 crore to BPCL
The Supreme Court on Monday asked Mukesh Ambani-owned Reliance Industries to pay Rs 50 crore within two weeks to BPCL for the price difference in naptha supplied by the state-run company to RIL plant in Raigad.
RIL to make rigs, invest $2.5 bn in gasification project
Reliance Industries said it is scouting for a partner to enter into the rig manufacturing business besides investing $2.5 bn to venture into petrocoke gasification.
Haldia Petro to shut plant for capacity expansion
Haldia Petrochemicals (HPL) on Tuesday said it would shut down its plant for almost two months starting from October this year to carry out capacity expansions to 1.4 million tonnes from existing one million tonne.
GAIL's new gas pipeline to revive Dabhol project
GAIL has successfully completed Dahej-Panvel-Dabhol pipeline, which will provide a lease of life to the beleaguered Dabhol power plant in Maharashtra by supplying natural gas.
Govt to start 'on-line monitoring' of fertiliser
Chemicals and Fertiliser Minister Ram Bilas Paswan on Thursday said the Government will start district-wise 'on-line monitoring' of fertliliser movement from next month to keep a tab on the supply position, while dispelling fears about any type of shortage.
Dabhol power project restarts
The beleaguered Dabhol power project has been re-started after a gap of nearly four months, Power Minister Sushilkumar Shinde said on Thursday.
Maha to buy electricity from Dabhol power project
Maharashtra Government has agreed to buy electricity from the Dabhol power project at Rs 5.01 per unit and the plant is likely to be re-started by the middle of next month.
Dhabol plant to restart generation from Oct
Ratnagiri Gas and Power Pvt Ltd, the new owner of Dabhol Power Project is likely to restart generation from next month, Power Secretary R V Shahi said on Friday.
IOC naphtha cracker project delayed till ‘09
Indian Oil Corp's (IOC) naphtha cracker unit in Panipat has been delayed by a year with operations now scheduled to begin in September 2009.
Deshmukh seeks more fuel for Dabhol power project
Maharashtra Chief Minister Vilasrao Deshmukh on Wednesday urged Union Petroleum Minister Murli Deora to ensure supply of adequate fuel for Dabhol power project.
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