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ONGC plans oil-to-chemical plants in pivot towards energy transition

Petrochemicals are chemical products derived from crude oil and are used in the manufacturing of detergents, fibres (polyester, nylon, acrylic etc.), polythene and other man-made plastics. .....

Aug 07, 2023

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Indias top oil and gas producer ONGC planning to set up two oil-to-chemical plants

Crude oil, which companies like ONGC pump out from below the seabed and from underground reservoirs, is a primary source of energy .....

Aug 08, 2023

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Waaree Energies to Supply Solar Modules to Kandla Agro & Chemicals

Kandla Agro & Chemicals Pvt Ltd (KACPL), which engages manufacturing of various grades of castor oil and its derivatives, is looking to to cut down on greenhouse gas emissions by installing a solar power plant of 4 MW at Bila, Bhavnagar......

Nov 01, 2022

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India Invests $4.95 Billion in Northern Gas Infrastructure, Boosting Cleaner Energy Usage

India embarks on a cleaner energy journey with a $4.95 billion investment in natural gas infrastructure, aiming for a sustainable and eco-friendly future. .....

Mar 05, 2024

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NARCL makes Rs 1,003 crore offer for Meenakshi Energy

According to the persons mentioned by ET, the government-sponsored NARCL''s amended offer, which it submitted last week in response to a request from the company''s lenders, is 11% higher than its initial offer. .....

Oct 26, 2022

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Vedanta to acquire Meenakshi Energy for Rs 1,440 crore through insolvency

"Post submission of bid for Meenakshi Energy Limited under Corporate Insolvency Resolution Process (CIRP) under IBC, Vedanta Ltd has been declared successful bidder on January 18, 2023 subsequent to which board of directors of Vedanta Limited has ap.....

Jan 20, 2023

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NCLT approves Vedanta''s bid to acquire Meenakshi Energy

The Anil Agarwal company offered ₹1,440 crore against admitted claims of ₹4,625 crore, equating to a 31% recovery, distributed among lenders, trade creditors and employees. .....

Aug 17, 2023

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NARCL offer for Meenakshi Energy and Helios Photo triggers Swiss Challenge auction

This week itself the NARCL has offered to acquire two loans -Meenakshi Energy and Helios Photo Voltaic Ltd, makers of solar energy equipment - which has triggered Swiss Challenge auctions, the people said. .....

Nov 03, 2022

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NARCL offers ₹900 crore for Meenakshi Energy debt

National Asset Reconstruction Company of India (NARCL), the government-promoted bad bank, has given lenders of Meenakshi Energy a ₹900 crore binding offer to acquire its debt, said two people aware of the development. .....

Oct 20, 2022

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Arcil shows interest in joining the race for Meenakshi Energy

NARCL had offered ₹1,003 crore to purchase the debt last month. If Arcil follows its interest with a serious bid, then NARCL will still have the opportunity to buy the debt under the Swiss challenge method by matching the challenging offer. .....

Nov 09, 2022

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