Energy | Refiners ready to meet emission norms

Energy | Refiners ready to meet emission norms

Mumbai/New Delhi: Bharat Petroleum Corp. Ltd and Hindustan Petroleum Corp. Ltd said they will be ready to supply fuels that meet new emissions standards in April as mandated.

The companies denied a report by the PTI this week citing Indian Oil Corp. Ltd (IOC) chairman Sarthak Behuria saying that state-run refiners were seeking an extension of the deadline.

Refiners have not asked for an extension and the 1 April deadline stands, S. Sundareshan, additional secretary in the oil ministry, said in a phone interview on Thursday. Two IOC spokesmen, who didn’t want to be identified, declined to comment when contacted.

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NPCIL plans to borrow $6.5 bn for new reactors

Mumbai: Nuclear Power Corp. of India Ltd (NPCIL) plans to borrow as much as $6.5 billion (Rs30,420 crore) to fund six new reactors.

The state-run company will raise about Rs14,000 crore from loans and bonds to build four 700-MW plants, chairman Shreyans Kumar Jain said in a phone interview on Thursday.

It will also seek about $3.5 billion in loans for two 1,000-MW reactors it’s developing in Kudankulam with Russia’s Rosatom Corp., he said.

— Bloomberg

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