Company News

The New Mangalore Port Trust (NMPT) has moved close to striking a deal with a firm to set up a mechanized iron ore handling facility at a cost of INR 300 crore.

Jai Corp. Ltd proposes to set up three power projects aggregating 6200MW, through its associate companies in the Raigad district of Maharashtra.

Stalatube Oy has announced that it has invested over EUR 7 million in machinery and production areas.

Costa Rica's legal watchdog has cleared a billion-dollar contract that the government signed with China to jointly build an oil refinery after it was held up in legal wrangling for months.

Shriram EPC’s subsidiary Oriental Green Power (OGP) has engaged in renewable energy generation plans to invest INR 730 crore for setting up biomass-based power plants.

Delek Group Ltd, a subsidiary Delek Energy Systems Ltd and Isramco Ltd, wants to participate in the tender for a USD 400 million LNG terminal.

On 27 July 2009, the signing ceremony of the Framework Agreement on Cooperative Development of the Chenzhou Nuclear Power Station between China National Nuclear Corp. (CNNC) (Beijing) and the Municipal Government of Chenzhou was held in Beijing. LI Jinying, Director of the Planning Department of CNNC and XIANG Lili, Mayor of Chenzhou City signed the Agreement on behalf of both parties.

Cameroon’s Ministry of Industry, Mining, and Technological Development has awarded Total Exploration & Production Cameroon, a 75.8% affiliate of Total SA, the Lungahe exploration block in the Rio del Rey basin off Cameroon.

Royal Vopak (Vopak) has signed a Memorandum of Understanding (MoU) with Dialog Group Berhad (Dialog) from Malaysia.

Specialty tubing manufacturer RathGibson Inc. has filed for Chapter 11 bankruptcy protection under a heavy debt load.