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Indraprastha Gas to buy out partners for expansion
May 2017
and Maharashtra Natural Gas Ltd. (with state-run GAIL India Ltd. and Bharat Petroleum Corp.), plans to wholly own both the joint ventures, managing director ES Ranganathan has stated. The company expects the acquisitions to boost sales volume
Govt´s Konkan refinery plan faces opposition
June 2016
The Petroleum Ministrys plan to set up a coastal refinery in the Konkan region of Maharashtra could be jeopardised with activists opposing the project. The same activists have been opposing the Jaitapur nuclear project in the coastal district of Ratnagiri in Maharashtra.
PSU oil firms to spend Rs.2,500 cr on fuel stations
May 2016
State-owned oil companies will spend Rs.2,500 crore to open around 3,100 fuel stations this financial year as rivals from the private sector step on the gas.
Madhya Pradesh agrees on tax deferment to Bina refinery
March 2016
In a move aimed at generating more economic activities in the state, the Madhya Pradesh government has decided to offer tax deferment to Bina refinery. The refinery, after facing several hurdles since inception in 1992, came up in Bina town of Sagar district in 2011.
Domestic players need to grab opportunities provided by smart cities
September 2015
The demand for capacitors has definitely gone up in the last few years, partly because of a push from utility companies to charge on KVA consumed. We have also seen a lot of smaller businesses
India needs to explore the hydrocarbon space of Africa
July 2015
Indo-African Chamber is a bilateral chamber which promotes India´s international trade to various African countries. Our main objective is to help Indian companies gauge their scale of preference and requirement to remove obstacles as far as business is concerned.
Government may sell 3 per cent of its stake in BPCL, gain estimated Rs.1,778 cr
July 2015
Buoyed by fuel price deregulation, the Centre has started inter-ministerial consultations on selling 3 per cent of its stake in Bharat Petroleum Corporation with the view of mopping up an estimated Rs 1,778 crore at current share price.
Indian PSUs to invest another $6 bn in Mozambique: Oil Min
May 2015
$6 bn in Mozambique: Oil Min Government-owned oil exploration and marketing companies would invest another $6 billion (Rs 38,000 crore) in Mozambique, with the first shipment of liquefied natural gas (LNG) from Rovuma Area-1, located along the coasts of northern Mozambique and southern Tanzania, in the Indian Ocean, being targeted for 2018-2019, Minister of Petroleum and Natural Gas Dharmendra Pradhan said.
BPCL to invest Rs 13,000 crore in overseas projects
November 2014
Bharat Petroleum Corporation Ltd (BPCL) plans to invest Rs 13,000 crore in energy exploration and production in Mozambique and Brazil over the next four years.
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