With shrinking refinery margins,
IOC is planning to put on hold massive investments of over Rs
25,000 crore in three major projects, including new refinery
projects at Panipat and Paradip and expansion of Koyali refinery
in Gujarat.
The finance minister Yashwant
Shina had a long meeting with finance secretary Ajit Kumar and
expenditure secretary CM Vasudev on Monday to work out concrete
proposals for pushing public investment and firming up schemes
to give a boost to the economy.
Ballarpur Industries Limited
has decided to raise Rs 250 crore through a rights issue of
fully convertible debentures for merger of Bilt Graphic Paper
Limited with it.
