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BPCL refinery expansion gets MoEF approval
The integrated refinery expansion project (IREP) of Bharat Petroleum Corporation Limited (BPCL), to be implemented at Kochi Refinery, has received the clearance of the ministry of environment & forests, company sources said. BPCL Kochi Refinery presently has a refining capacity of 9.5 million tonne per annum (MMTPA) and the expansion would take the refining capacity to 15 MMTPA by 2015.
VLCC buys majority stake in Malaysia's Wyann Intl
Wellness and beauty company VLCC on Thursday said it has acquired a majority stake in Malaysia-based Wyann International for an undisclosed amount. VLCC, which already has direct company managed operations in various countries across South Asia and the West Asia, has acquired a majority stake in Wyann International, VLCC said in a statement. Kuala Lumpur-based Wyann International owns and operates a chain of 22 slimming and beauty outlets across Malaysia offering specialist services and innovative products through its established Bizzy Body, Facial First and masculine brands. "We are very excited by this opportunity, which is not only significant as our first step beyond South Asia and the West Asia but also as our first move to grow through acquisition," VLCC Group chairman Mukesh Luthra said.
Chinese cheap solar equipment a threat: Govt
The government on Thursday said that cheaper Chinese solar power equipment as well as overcapacity are posing a threat to domestic manufacturers, including Bharat Heavy Electricals. In a written reply to the Lok Sabha, heavy industries and public enterprises minister Praful Patel said the government is aware of the threat posed by cheap Chinese equipment for Bhel's solar power equipment project. Going by an estimate, Chinese entities have a share of about 57% of solar equipment using crystalline technology.
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