Author Archives: valpro

ValPro is pleased to have advised IndianOil Adani Ventures (formerly known as Indian Oiltanking) in this project on its journey of growth as part of Indian Oil and Adani Group’s collaboration.

Groundbreaking Ceremony for P-25 BOOT Tankages Facilities Project at IOCL Panipat Refinery was held on February 22, 2024

IAVL has made a significant move in their journey, with the groundbreaking ceremony of the P-25 BOOT Tankages Facilities Project at the IOCL Panipat Refinery.

The ceremony was graced with the presence of Capt Anubhav Jain (Managing Director – IAVL), Mr. M L Dharia (ED Panipat Refinery, IOCL), Mr. Ajay Jain (Onshore EPC Head, L & T), and other senior officials from IAVL, IOC and L&T.

The groundbreaking ceremony is the beginning of what promises to be an extraordinary journey. IAVL is committed to delivering this project with the highest standards of safety, efficiency, and excellence. This project marks a significant step towards a brighter future in the oil & gas industry.

We, at ValPro, are delighted to have been part of the fundraising journey of Roadzen which lists on NASDAQ on 22nd September 2023. Our belief in the founder, Rohan Malhotra’s vision and execution in Insurtech continues to remain strong. Congratulations to the Roadzen team!

We congratulate Mr. GK Satish, Managing Director at ValPro for being appointed as an Independent Director on the Board of Rosneft.

Adani Ports and Special Economic Zone Ltd (APSEZ) has signed an agreement with Indian Oil Corp Ltd (IOCL) towards augmentation of IOC’s crude oil volumes at Mundra. IOCL shall expand its existing Crude Oil Tank Farm at APSEZ’s Mundra Port, thus enabling it to handle and blend additional 10 mmtpa crude oil at Mundra. This will support IOCL’s expansion of its Panipat Refinery (Haryana). IOCL is raising the capacity at its Panipat Refinery by 66% to 25 MMPTA to meet India’s rapidly growing energy requirements. IOCL, which accounts for nearly half of India’s petroleum products’ market share, has a refining capacity of 80.55 MMTPA and over 15,000 KM of pipeline network.
IOCL is currently operating a crude oil tank farm in an exclusive area in Adani’s Mundra Special Economic Zone, consisting of 12 tanks with a total capacity of 720,000 KL. The addition of 9 new tanks will augment the storage capacity to 1,260,000 KL, thus making Mundra Port by far the largest port based crude oil storage facility for IOCL.

“Mundra Port is a major economic gateway that serves the northern hinterland of India by providing multimodal connectivity. It gives us immense pride to strengthen our partnership further and support IOCL, which plays a vital role in ensuring the energy security of the nation. As IOCL’s trusted long-term partner, APSEZ is well equipped to handle the additional 10 MMTPA crude oil at our existing single buoy mooring (SBM) at Mundra.” said Mr Karan Adani, CEO and Whole Time Director of APSEZ.

ValPro was the exclusive advisor on this transaction between APSEZ and IOCL.

Link: https://lnkd.in/dgHGEh-6

Our director Anshuman Khanna with the TotalEnergies and Adani Group Team for their first biomethane production project in India facilitated by ValPro

After Texas, let’s head to India for a new adventure! Our joint venture along with the Adani Group in India, Adani TotalEnergies Gas Limited, has recently signed an agreement in partnership with one of the country’s most important cow sanctuaries: Shri Mataji Goshala. With 55,000 cows housed in this safe haven, this step is a milestone for the development of our first biomethane production project in India!

Moving forward, the biomethane production facility, with a capacity of 81 GWh, will be constructed and operated by ATGL in Barsana, south of Delhi. Thanks to Goshala, we’ll have as much as 44,000 tons of cattle manure in inputs per year, which represents approximately 50% of the facility’s needs. The rest of the inputs will be sourced from neighboring local farmers.