Under the first MoU, OIL and BPCL will collaborate on BPCL’s upcoming Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port, Andhra Pradesh. The agreement includes exploring the possibility of OIL taking a minority equity stake in the project, which has already received key clearances and land allocation from the state government. The collaboration aims to leverage both companies’ strengths in refining and downstream operations, driving value creation and contributing to India’s energy security.

In the second MoU, OIL, BPCL, and NRL agreed to jointly develop a cross-country petroleum product pipeline from Siliguri to Mughalsarai via Muzaffarpur, along with depot infrastructure augmentation. With an investment of approximately ₹3,500 crore, the project will be jointly owned by BPCL (50%), OIL (25%), and NRL (25%). These initiatives reflect OIL’s strategic diversification into midstream and downstream sectors, aligned with the Government of India’s Atmanirbhar Bharat vision for a self-reliant and sustainable energy ecosystem.

The post Oil India Signs Two Strategic MoUs with BPCL and NRL to Strengthen Energy Infrastructure appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

NTPC and NRL to build a strategic partnership for green chemicals and green projects. NTPC signed a non-binding MoU with NRL for partnership opportunities in the proposed bamboo-based bio-refinery at NTPC Bongaigaon and other green projects,” the statement said.

The two CPSEs, through this MoU, intend to enhance their footprint in green chemicals and foray into sustainable solutions to advance the efforts towards achieving the nation’s Net-Zero targets and be partners in the development of the northeast region, it said.

The post NTPC, Numaligarh Refinery ink pact to explore green chemical projects appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The post NRL and OIL pump Rs 1 Cr & Rs 5 Cr into Assam’s Plantation Drive appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.