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.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane–Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..