IOC gets Rs149 bln loan for Paradip refinery project
Indian Oil Corp Ltd (IOC), the country's largest state-owned refiner said it has signed a rupee term loan agreement of Rs149 billion with 21 lenders led by State Bank of India (SBI). The loan facility would be used to fund part of its ambitious Rs335 billion, 15 million metric tonne per annum (MMTPA) grass roots refinery project at Paradip in Orissa.

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Printing Profits

Tamil Nadu Newsprint and Papers Ltd (TNPL), established by the government of Tamil Nadu, is one of the most efficient newsprint producers using bagasse, a sugarcane residue, as the principal raw material. Over the years, TNPL has expanded capacity which today stands at 245,000 tonnes a year. Thanks to a rising demand for newsprint and other paper in India and since many international...

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Turning Point? (Market Trend - 7 May 2009)

The Standard & Poor’s 500 Index has recorded its best monthly advance in decades. Markets from Russia to India and from Brazil to London are in the grip of a huge upsurge that has confounded doomsayers. Is this the beginning of a new bull market? Here are two articles that shed light. The first one is an analysis of price pattern of the Sensex by Mehrab Irani and the second is a...

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