BPCL to Invest $2.9 Bn in Mozambique and Brazil Exploration

30 Dec 2024 CW Team

Bharat Petroleum Corporation (BPCL) plans to invest around Rs 25,000 crore (approximately $2.9 billion) in exploration and production projects in Mozambique and Brazil over the next three years, as announced by Chairman G Krishnakumar.

BPCL’s Mozambique project, halted in 2021 due to insurgent attacks, is expected to resume in the fourth quarter of this fiscal year. TotalEnergies, the operator, has expressed optimism, with work slated to begin in 2025. The project has significant potential with reserves of 64 trillion cubic feet and a capacity of 13 million tonnes per annum.

BPCL is also expanding its petrochemical business, aiming to increase the sector’s contribution to 15% by 2040. Two new petrochemical projects in Bina and Kochi, with a total investment of Rs 54,000 crore, are part of the expansion.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..