Haryana govt approves 349 acres for IOCL Panipat Refinery Expansion

21 Aug 2023 CW Team

The Haryana government has granted its approval for the acquisition of 349 acres of land from three neighboring villages—Asan Kalan, Khandra, and Bal Jattan—to facilitate the expansion of the Panipat Refinery owned by the Indian Oil Corporation (IOCL). This decision was reached during a meeting led by Chief Minister Manohar Lal Khattar, as stated by an official press release.

The official statement outlined that the land distribution would involve the acquisition of 140 acres from Asan Kalan village, 57 acres from Khandra village, and 152 acres from Bal Jattan village. Apart from the land cost, the refinery has also committed to providing Rs 10 lakh per acre specifically for developmental projects within these villages.

Indian Oil Corporation, a government-run entity, has established its Panipat Refinery and Petrochemical Complex on an expansive area of over 4,200 acres in Panipat.

IOCL had previously approached the Haryana government with a request for approximately 600 acres of land to facilitate the expansion of their refinery. Subsequently, the government has made 349 acres of land available for this purpose. Noteworthy attendees of the meeting included Additional Chief Secretary of the Development and Panchayat Department, Anil Malik, Chief Minister's Principal Secretary V Umashankar, Director General of the Development and Panchayat Department D K Behera, Panipat's Deputy Commissioner Virender Dahiya, IOCL representatives, and the village Sarpanches of Asan Kalan, Khandra, and Bal Jattan.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..