
CESC Green Plans Rs 50 Billion Investment in Renewables

ONGC, Oil India Plan Rs 32 Billion Offshore Drilling Campaign
State-owned oil explorers ONGC and Oil India Limited (OIL) plan to launch a Rs 32 billion stratigraphic drilling campaign in untapped offshore areas early next year, officials said. The initiative forms part of efforts to discover new hydrocarbon reserves and reduce India’s reliance on imports.In the first phase, four wells will be drilled in the deepsea regions of the Andaman, Mahanadi, Saurashtra, and Bengal sedimentary basins. Global energy major BP will provide technical expertise in site selection and drilling operations.Stratigraphic drilling, also called a stratigraphic test well, is ..

SCI, IOC, BPCL, HPCL Collaborate to Build Shipping Fleet
The Shipping Corporation of India (SCI) has signed a Memorandum of Understanding with Indian Oil Corporation, Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) to jointly develop and operate a fleet of vessels.Under the collaboration, the companies will acquire, own, operate, and manage ships for international trade as well as coastal transport of petroleum, petroleum products, petrochemicals and other hydrocarbon cargoes, SCI stated in a filing on Saturday.This initiative, backed by the Government of India through the Ministry of Ports, Shipping an..

SDHI Signs MoU with Gujarat Maritime Board for Rs 4.25bn
Swan Defence and Heavy Industries Limited (SDHI) has signed a Memorandum of Understanding with the Gujarat Maritime Board (GMB) for a strategic investment of Rs 4.25 billion. The partnership aims to modernise shipyard infrastructure, strengthen domestic supply chains, and develop a sustainable talent pipeline for India’s maritime industry.The investment will be deployed across three key projects at the Pipavav Port shipyard in Gujarat, home to India’s largest dry dock with capacity to build vessels up to 400,000 DWT. Rs 3.5 billion will be allocated for capacity expansion, including slipwa..