SHV Energy expands its LPG terminal at Tuticorin

21 Nov 2022 CW Team

SHV Energy Pvt Ltd, a subsidiary of Dutch multinational SHV Energy NV, has expanded its LPG terminal capacity by 30,000 metric tonne in Tamil Nadu at an outlay of about Rs 5 billion.

The facility in Tuticorin would be ramped up from 8,500 metric tonne to 38,500 metric tonne, the company said last week. SHV Energy, set up in 1996 with the brand name Supergas, has seven import terminals and 20 filling plants. The terminal expansion was inaugurated by top officials including SHV Energy head Bram Graber and Supergas chief executive Santanu Guha, a company statement said.

"This expansion will allow us to offer government-run oil companies both the LPG and the storage facilities they need, thereby optimising logistics and strengthening the overall LPG landscape in India, " Graber, who is a member of the World LPG Association Board of Directors, said.

The LPG would help meet India's long-term energy needs and would support the country's transition away from more polluting fuels such as coal and oil, he noted.

Real Estate

29 Aug 2025

Gurugram Realty Firm Diverts Rs 2.05 Billion to Sri Lanka

A Gurugram-based real estate group has been accused of collecting over Rs 5 billion from homebuyers under the pretext of selling housing plots, only to divert Rs 2.05 billion of these funds to finance a hotel project in Colombo, Sri Lanka, according to a chargesheet filed by the Enforcement Directorate (ED). The case centres on Krrish Realtech and its promoter Amit Katyal, who is already under arrest in a separate money laundering case related to the railway land-for-jobs scam involving Lalu Prasad Yadav and his family.The ED’s Gurugram zonal office filed the chargesheet in July under the Pr..

TCS Signs Rs 21.3 Billion Lease in Bengaluru’s Tech Hub

Tata Consultancy Services (TCS) has finalised one of the largest commercial real estate deals in Bengaluru, securing 1.4 million sq ft of Grade-A office space in Electronic City for Rs 21.3 billion over 15 years, according to documents accessed by Propstack. The leased space spans Towers 5A and 5B at 360 Business Park, with 680,000 sq ft in Tower 5A and 720,000 sq ft in Tower 5B. The agreement entails a consolidated monthly rent of Rs 93.1 million at Rs 66.5 per sq ft, alongside a security deposit of Rs 1.12 billion.The lease, signed with developer Labzone Electronics City Pvt Ltd, includes a ..

Markolines Bags Rs 1 Billion Highway Work in Andhra

Highway infrastructure specialist Markolines Pavement Technologies announced on Wednesday that it has secured a Rs 1 billion (Rs 100 crore) order from Trans Metalite India Ltd for patch repair and maintenance works in Andhra Pradesh. The contract is set to be executed over a five-year period.The company further revealed that it has received additional orders worth nearly Rs 974.7 million in the current financial year, including two repeat contracts from Varanasi Aurangabad NH-2 Tollway Private Ltd.“As an integrated highway maintenance solutions company, we focus on delivering innovative, cus..