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Corporate | IndianOil plans to spend Rs1,500 cr on pipelines

Corporate | IndianOil plans to spend Rs1,500 cr on pipelines
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First Published: Tue, Mar 17 2009. 09 45 PM IST
Updated: Tue, Mar 17 2009. 09 45 PM IST
New Delhi: The nation’s biggest refiner, Indian Oil Corp. Ltd (IOC) plans to spend Rs1,500 crore to add pipelines that will boost annual capacity by 10 million tonnes, a company official said.
“We are aggressive on building pipelines because they are a safe and cheap way of transporting oil and fuels,” P.K. Chakraborti, IOC’s director of pipelines, said in New Delhi on Tuesday.
IOC plans to add 4,000km to the existing network, exceeding 9,273km, by 2012, chairman Sarthak Behuria had said in September.
Bloomberg
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Dish TV likely to break even end May
New Delhi: Dish TV India Ltd is likely to break even by end-May, chief operating officer Salil Kapoor said on Tuesday.
“We are looking at turning Ebitda (earnings before interest, tax, depreciation and amortization) positive in two months... The growth is coming from upcountry and rural areas,” Kapoor said.
NewsWire18
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Chemical plants: GAIL, RIL in talks with Qatar
Mumbai: State-owned GAIL (India) Ltd and Reliance Industries Ltd (RIL) are in talks with Qatar, Kazakhstan and Nigeria among other countries to jointly set up chemical projects, GAIL chairman Upendra Dutta Choubey said. GAIL and RIL may announce a decision in the next six months, Choubey said by telephone from New Delhi today. The first plant that the companies plan to build will have a minimum capacity of 1.5 million tonnes a year, he said.
Bloomberg
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First Published: Tue, Mar 17 2009. 09 45 PM IST
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