NMDC's first steel to roll out by 2019
National Mineral Development Corporation (NMDC) will be setting up a blast furnace at its upcoming Nagarnar steel plant in Chhattisgarh by March 2019. The Stateowned miner commissioned a coke oven facility at the Nagarnar last month. The mining company's first steel is set to roll out by June 2019, according to NMDC chairman and managing director N Baijendra Kumar. The mining company is investing Rs 15,500 crore in the 3-mtpa Nagarnar steel plant. Mr Kumar has added that NMDC achieved iron ore production of 35.6 mt and sales of 36 mt, both recording all-time highs.
GAIL plans 5,500 km of pipelines in 3 years
GAIL India plans to increase its pipeline capacity by 50 per cent in the coming three years, according to its Chairman and Managing Director B C Tripathi. "GAIL aims to add 5,500 km of gas pipelines to the existing network and leapfrog to capacity augmentation by about 50 per cent on the current base in the next three years in phases," Mr Tripathi has said. GAIL's plans fit into India's goals of increasing dependence on natural gas as a transport and cooking fuel. According to Mr Tripathi the company has achieved record PNG connections to over 5,00,000 households and established 120 CNG stations during 2017-18.
BSNL ties up with Unlimit for IoT
BSNL and Reliance Group-promoted Unlimit have tied up to provide Internet of Things (IoT) services to enterprise customers across the country. According to a joint statement, Unlimit, an endto-end IoT service provider, will leverage BSNL's wireless network footprint across the country to provide its solutions and services across industries. The solutions and services include managed connectivity, applicationenabling platform and device management and advance analytics to customers across industries, the statement has said. BSNL's connectivity, especially in rural India, will help Unlimit further penetrate the Indian enterprise market, focusing on industries such as automobile, digital manufacturing, transportation and logistics, among others.
BPCL draws up blueprint for petrochemicals
Bharat Petroleum Corporation
(BPCL) is preparing a strategic blueprint to venture into the petrochemicals business in a big way. The State-run oil refiner has taken initial steps to enter the petrochemicals business by investing around Rs 5,000 crore in a Propylene Derivatives Petrochemical Project (PDPP) as a part of the Integrated Refinery Expansion Project at its Kochi refinery. The PDPP is slated to start operations by March 2019, producing three specific petrochemicals. BPCL has also started work on shifting some facilities, such as LPG storage tanks, out of the premises of its Mumbai refinery to enhance safety.
CIL to shut 53 underground mines
Coal India (CIL) will close down 53 of its 174 underground mines in this financial year, shutting those that are either economically unviable or pose safety issues. The company had shut 43 such mines in the last financial year. The company
has a total of 369 mines, including 177 open-cast, 18 mixed and 174 underground. The production from underground mines has slid consistently and stood at 30 mt or 5 per cent of CIL's total production in 2017-18. The world's largest coal miner has appointed Indian School of Mines to study the rationalisation of its underground mines.
RCF to invest Rs 1,033 cr in Talcher plant
The Cabinet Committee on Economic Affairs has approved an equity investment of Rs 1,033.54 crore by Rashtriya Chemicals and Fertilizers (RCF) for setting up a coal gasification-based fertiliser project by Talcher Fertilizers (TFL) in Odisha. The capital infusion is approximately 29.67 per cent of the total project cost. The capital expenditure of the project has been pegged at Rs 11,611.48 crore. TFL is a joint venture company of GAIL India, RCF, CIL and Fertilizer Corporation of India (FCIL), incorporated in November 2015. GAIL, RCF and CIL each have a shareholding of 29.67 per cent and FCIL has 10.99 per cent.
GRSE to expand Rajabagan dockyard
Garden Reach Shipbuilders & Engineers (GRSE) will undertake brownfield expansion at its Rajabagan Dockyard in Kolkata, which currently serves small and medium vessels. According to GRSE Chairman and Managing Director Rear Admiral (Retd) V K Saxena, the expansion may entail an investment of around Rs 200 crore, according to initial estimates. Construction for the proposed expansion is set to begin by the middle of 2019 and expected to be completed in the next three years. GRSE is looking to tap South-East Asian, West Asian and Latin American markets for exports through both the competitive bidding route as well as on a nomination basis.
HPCL to operate HMEL's bitumen unit
Hindustan Petroleum Corporation (HPCL) has signed a longterm agreement with HPCLMittal Energy (HMEL) to operate and maintain its newly-commissioned bitumen terminal. HMEL, a joint venture between HPCL and Mittal Energy Investments, runs a 9-mtpa refinery in Bathinda in Punjab. HMEL recently set up a bitumen blowing unit of 62.5 tph or 550 mtpa of different grades of bitumen at its Guru Gobind Singh Refinery in Bathinda. For storing, handling and dispatching of the product, HMEL has set up a marketing terminal to be handled by HPCL.