HPCL gets green nod for Rs 3,846 cr expansion project and other top corporate news of the day

India Infoline News Service | Mumbai | February 07, 2017 09:06 IST

Check out the most important news stories which captured the headlines at the corporate level in India and internationally.

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BHEL has secured order for the installation of Solar PhotoVoltaic (PV) rooftop systems totalling 3.6MW from Surat Municipal Corporation. (BL)
Reliance Infrastructure’s defence unit Reliance Aerostructure Ltd’s proposed joint venture with Dassault Aviation has received clearance from the Competition Commission of India (CCI). (BL)
Kalpataru Power Transmission Ltd (KPTL) has bagged orders of over Rs8.23bn in the domestic and overseas markets. (BL)
Jet Airways plans to add 11 Boeing 737 aircraft to arrest its falling market share. (BS)
Rural Electrification Corp (REC) has inked initial pact with KPCL and BESCO for extending Rs391.21bn financial assistance to the power utilities till March 2022. (ET)
Hindustan Petroleum Corpn (HPCL) has received environment clearance for expansion of its Mumbai refinery in Maharashtra, entailing an investment of Rs38.46bn. (ET) 
Dabur, is bringing Sri Lankan ayurvedic beauty brand Spice Island to India to strengthen its portfolio. (ET)
ONGC’s decision to invest USD11.5bn in Andhra Pradesh, at a time when gas prices in India are falling, may put its cash flow under pressure. (ET)
NTPC has decided to shut down old polluting power plants of capacity totalling roughly 11GW and replace those with new ones which are highly efficient. (ET)
CESC has bagged the power distribution franchisee for Bikaner city in Rajasthan. It plans to invest Rs1.35bn in the network in three years and hopes to clock a turnover of around Rs4bn. (ET) 
Tata Power Solar has achieved the milestone of shipping out of its factories 1GW worth of modules. It’s a subsidiary of Tata Power, has achieved this feat after 27 years of its coming into existence. (BL)


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