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1.AAI to prepare project report on Paradip airport

A DPR will be prepared by the Airports Authority of India (AAI) for the construction of an airport at Paradip.

2.The Sri Lankan market is on the radar of big Indian companies! Here's why!

Several Indian companies have planned investments in Sri Lanka in the coming years. According to data from the High Commission of Sri Lanka in India, some big Indian companies operating in the Sri Lankan market include CEAT, Gujarat Glass, Indian Oil Corporation, Neelkamal Plastics, Gujarat Ambuja, Bharti Airtel, National Thermal Power Corporation, Welcome Hotels, Larsen & Toubro, Carin India, and Mphasis, among others

3.Paradip project payback period extended

Indian Oil CorporationĀ“s most ambitious refinery at Paradip in Odisha

4.IOC renews focus on green energy

Indian Oil Corporation (IOC) has renewed its focus on green energy and sustainability initiatives

5.Slick Sales

One of the fastest growing lubricant industries globally, the Indian lube market is expected to grow at a CAGR of 11.5 per cent to $7,713 million by 2017, according to Ken Research. Automotive lubes dominate the market. Power, chemicals, metals

6.Bagged it!

Contract Value: Rs.8.39 crore Particulars: Auxiliary works Vizag-based Cosmic Power Systems Pvt Ltd bagged the contract from Rashtriya Ispat Nigam Ltd (RINL)

7.Indian Oil Corporation to invest Rs.1.75 lakh crore

Indian Oil Corporation will invest Rs 175,000 crore over the next seven years to scale up its output to around 100 mn tonne from 65 mn tonne at present.

8.IOC commences 4 MW solar power project in Nagapattinam

Indian Oil Corporation commenced construction work on its proposed 4 MW solar power project at Muttam village in the district.

9.Mundra refinery JV: Adani in talks with Indian Oil

The Adani Group and Indian Oil Corporation have plans to build a Rs 30,000-crore JV refinery at Mundra, which will provide Gautam Adani an entry into the oil sector while Indian Oil will obtain land port facilities for the proposed export-focused unit.

10.Indian consortium in a Race

A consortium of Indian companies, ONGC Videsh, Indian Oil Corporation and Petronet LNG, are in the fray to acquire a 9 per cent stake in Russia Novatek LNG project in the Yamal Peninsula for $1.8-2 bn. As part of the deal, the companies have plans to buy 5 mn tonne of liquefied natural gas annually from the project.