Indian oil to invest $211 mm in nuclear project

Nov 18, 2010 12:00 AM

By Archana Chaudhary

Indian Oil Corp., the nation’s largest state-run refiner, will invest 9.61 bn rupees ($211 mm) in a nuclear power plant being built jointly with Nuclear Power Corp., Oil Minister Murli Deora said. The New Delhi-based refiner will take a 26 % stake in the Rajasthan Atomic Power Project, and has the option to raise its share to 49 %, Deora told lawmakers, according to a government press statement.
The atomic project being built by state-run Nuclear Power Corp. of India in the western state of Rajasthan will cost a total of 123.21 bn rupees. Indian Oil’s board approved the investment in September 2010. Indian Oil shares has gained 30 % 2010 compared with the 14 % increase in the benchmark Sensitive index.

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« August 2019 »
August
MoTuWeThFrSaSu
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31

Register to announce Your Event

View All Events