NRL to complete construction of IBFPL by end of year

22 Sep 2022 CW Team

The India-Bangladesh Friendship Pipeline (IBFPL) would be completed by the end of this year, according to the Assam-based Numaligarh Refinery (NRL).

The business is investing around Rs 350 billion to complete the Refinery Expansion Project (NREP), the Paradip Numaligarh Crude Oil Pipeline (PNCPL), and the Crude Oil Import Terminal at Paradip (COIT).

On Monday, the NRL had its 29th Annual General Meeting. Dr. R Rath, Chairman NRL and CMD OIL, presided over the meeting, which was attended by MD NRL B J Phukan. During the fiscal year 2021-22, the company declared a 150 percent dividend, which was already paid as an interim dividend during the year.

Also read
World Bank to help Gurugram with waste management expertise
KKR of US, Hero Group put $450 mn into Hero Future Energies

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..