| | NOVEMBER 20238JSW Steel USA has been granted $1 million in financial assistance by the US-based Ohio Rail Development Commission (ORDC) for its two on-site rail projects at the Mingo Junction facility. A division of the domestic steel manufacturer JSW Steel is JSW Steel USA. According to a statement from JSW Steel, the rail projects complement the company's recently announced $145 million expansion, which would enable it to better serve the infrastructure and renewable energy industries.The two rail projects are expected to cost $5.1 million and boost JSW's capacity for processing scrap and finished goods. The first rail project aims to increase capacity from 184 car slots to 351 by enlarging the shared yard between Norfolk Southern, Wheeling & Lake Erie. On the south side of JSW's Mingo Junction property, the second project entails expanding the rail infrastructure for the purpose of storing and transporting iron and scrap."We are excited about our collaboration with ORDC, which gives us the assurance to keep making investments in the Ohio Valley. Our growth initiatives will be completed more successfully if we invest in our infrastructure, according to Jonathan Shank, Chief Operating Officer of JSW Steel USA MingoJunction. Bharat Petroleum Corporation Limited (BPCL) intends to increase its market share in the rapidly expanding domestic gasoline market by roughly two-thirds, or 14,273 pumps, by expanding its fuel retail network.The business, which runs 25Percent of the fuel pumps in the nation, announced a half-yearly profit of 19,052 crore for the months of April through September. With new car sales and a rising economy driving up demand for petrol and diesel, fuel network development is moving forward quickly. This fiscal year, there has been a 6Percent increase in the country's consumption of petrol and diesel.VRK Gupta, director of finance at BPCL, stated, "We have recently issued an advertisement for 14,273 new retail outlets spread across the country to capture more market and increase our presence." Advertising merely expresses the company's intentions; the real buildout will rely on dealer demand and the sites' ability to generate a profit.Over the last five years, India's petroleum retail network has expanded by almost 40Percent to approximately 88,000 pumps, mostly due to the rapid expansion of state-run enterprises, while private players have remained cautious. 42Percent of the total pumps are operated by Indian Oil Corporation alone, which runs around 36,700 of them. Between BPCL and HPCL, about 21,300 pumps are operated. However, on average, BPCL sells more fuel and diesel from its pumps than HPCL. JSW STEEL USA SECURES AID FROM OHIO RAIL DEPARTMENTBPCL PLANS TO EXPAND FUEL RETAIL NETWORKIN FOCUSIN FOCUS
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