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Result(s) found: 24
Adani bags gas rights for 21 cities
August 2018
With state-owned Bharat Petroleum and Torrent Gas emerged as big winners at the latest City Gas Distribution (CGD) bid, Gautam Adani’s group won the rights to retail CNG to automobiles and piped cooking gas to households and industries in 13 cities on it own and the remaining nine, including Allahabad, in a joint venture with state-owned Indian Oil (IOC).
Kamarajar Port starts building 3 coal berths
July 2017
Kamarajar Port, has started constructing three coal berths to be ready by March 2018, increasing its cargo-handling capacity to 90 million tonne.
Indian PSU giants to sign JV for largest refinery
July 2017
The three heavy-weights of the Indian downstream sector - Indian Oil Corporation (IOC), Hindustan Petroleum Corp (HPCL) and Bharat Petroleum (BPCL) - will sign an JV to create the world’s largest refinery-cum petrochemicals complexwith a refining capacity of 60 MMTPA.
GSPC looks at financial restructuring post $1.2 billion ONGC deal
March 2017
After selling its stake in KG gas block to ONGC for $1.2 billion, Gujarat State Petroleum Corp (GSPC) is mulling a big financial restructuring including trimming stake in some business like LNG and portfolio readjustment, its Managing Director JN Singh said.
Oil India eyes stake in Russia´s Vankor cluster oilfields
November 2016
A consortium led by Oil India Ltd is eyeing stake in Russia´s Vankor cluster oilfields to consolidate its presence in Arctic region. OIL, IOC and BPCL is looking at buying a stake in Suzunskoye, Tagulskoye and Lodochnoye fields - collectively known as Vankor Culster, sources said.
Govt could save Rs.2,000 crore on LPG subsidy through sustained LPG price hikes
September 2016
The government could save petroleum under-recoveries to the tune of Rs.910 crore in the current financial year if the price of subsidised cooking gas or Liquefied Petroleum Gas (LPG) is raised by Rs.1.95 per cylinder per month till March 2017.
Ministry not considering merger of 13 oil PSUs | Pradhan
September 2016
Petroleum Ministry is not considering any proposal to merge 13 state-owned oil PSUs like ONGC, IOC and GAIL to create a behemoth, Oil Minister Dharmendra Pradhan said. ´Ministry is not considering any proposal (for merger).
Petrol prices hiked by 65 paise, diesel price cut by Rs.1.35
July 2015
Oil marketing companies (OMCs) on June 15, announced Rs 0.64 a litre increase in petrol prices and Rs 1.35 per litre cut in diesel prices to align domestic rates with global price benchmarks.
Natural gas shortage hits pipeline projects
May 2015
The government is set to issue show-cause notices to PSU energy companies IOC, BPCL, HPCL, GAIL (India) and GSPL, asking why the three inter-state pipeline projects they had bagged - two in 2010 and one in 2011- to build and operate the three gas pipelines with a combined length of 5,000-km under competitive bidding, with estimated investments of about Rs 20,000 crore, can´t be cancelled for lack of progress on the ground.
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