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Indian Oil gets nod for petrochemical project

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Indian Oil gets nod for a petrochemical project

The board of the oil company has given its in-principle nod to carry out pre-project activities for the Paradip petrochemical complex in Odisha. The estimated cost for the project is ₹61,077 crore. As per management, the project will help de-risk its fossil fuel business.

⭐ HG Infra emerges as the lowest bidder

The construction firm said it has been declared the lowest bidder for the redevelopment of Kanpur Central Railway Station. The company made a bid of ₹655 crore for the project compared to the tender estimated cost of ₹677 crore. The project will be executed in 36 months.

⭐ Tata Motors hikes its CV prices

Automobile maker plans to increase its commercial vehicle (CV) prices by 5% starting from 1st April 2023. This decision comes as the company plans to comply with more stringent BS6 phase II emission norms starting from FY24.


Global markets (at 9:30 AM today)

Indices Today's movement
SGX Nifty 0.35%
Nikkei 225 (Japan) 1.92%
Hang Seng (Hong Kong) 1.98%
SSE Composite (China) 0.25%
Dow Jones (US) (March 21) 0.98%
NYSE (US) (March 21) 1.22%
Nasdaq (US) (March 21) 1.58%
S&P 500 (US) (March 21) 1.30%

Fact of the day

Finland tops the ranking of world’s happiest countries for the sixth year in row. Meanwhile, India’s rank improved from 136 to 125

Source: LiveMint
Categories: Morning Update