Saturday, October 07, 2006

New Refinery from Bharat Oman Refineries

Bharat Oman Refineries Ltd which is setting up a 120,000-barrel-per-day refinery, has achieved financial closure from a consortium of 20 banks lead by the State Bank of India . The total investment funded by the banks are estimated at Rs. 63.87 million (US $1.4 billion) The company is also setting up of a crude oil terminal at Vadinar in the western state of Gujarat, a 935-km (580-mile) pipeline connecting the terminal to the refinery and a 126 MW
captive power plant, The project is expected to go on stream by January 2010.

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As a promoter & publisher of IndScan Reports, a magazine on new projects & tenders, I like to track here the progress of Indian Industry across various sectors. You may find new projects and new initiative of various governments, corportations, agencies are published here.