To what extent would the US sanctions on Iran, disruptions in Venezuela and other controversial developments in the international crude oil market, such as the contamination of supplies from Russia to Europe
Shares of state-owned oil marketing companies (OMCs) were under pressure in the late morning deals on Tuesday with Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL) falling up to 6 per cent on the BSE, on profit booking.
The combined outstanding regulatory assets for the thermal power sector stands at Rs 76,963 crore, according to India Ratings and Research, which sees a potential to securitize these receivables through bonds.
State-run Oil India is expected to see a huge increase in oil and gas production by 2022. Chairman and Managing Director Utpal Bora speaks about the company’s planned role in bringing down the country’s crude oil imports and the future of India’s exploration sector in an interview with Shine Jacob.
The first 220 MW nuclear power plant at Kakrapar Atomic Power Station (KAPS-1) will be synchronised with the grid next week and power generation will be increased after that, a senior official of Nuclear Power Corporation of India Ltd (NPCIL) said.
The government is looking to divest up to 25 per cent stake in RailTel Corporation, and is scouting for merchant bankers to manage the listing process. The government will appoint up to three merchant bankers to manage the listing process and has invited bids from them by June 11.
Just a day after the 2019 Lok Sabha polls came to an end, state-owned oil marketing companies (OMC) on Monday have raised the retail price of petrol and diesel signalling that election induced price moderation for petroleum products has come to an end.
In a major shift in its overseas strategy, state-run Oil India (OIL) is planning to exit from two major blocks in the US and Russia. This, despite India’s second-largest exploration major reaffirming its commitments to the crisis-hit Venezuela.
Railway CPSE Ircon International plans to raise funds by issuing fresh equity shares, piggybacking on the government’s proposal to dilute its stake to 75 per cent through follow-on public offer route, an official said.
In a sign that slowdown in the Indian economy may be long drawn, a government report has projected a modest 3.5 per cent growth in oil imports this year.