State-run Hindustan Petroleum Corporation Ltd (HPCL) is entering a new phase, with Oil and Natural Gas Corporation (ONGC) expected to take over the firm by March-end.
Vedanta Ltd on Friday announced a $850 million investment for raising oil and gas production from its Rajasthan oilfields by about 100,000 barrels a day.
SINGAPORE (Reuters) – Oil markets were stable on Friday, supported by ongoing supply cuts led by OPEC and Russia as well as by strong demand, although the prospect of rising U.S. shale output capped prices around recent gains.
Larsen & Toubro (L&T) hit a 52-week high of Rs 1,260, up 3.5% on the BSE after the company said its construction arm has won orders worth Rs 4,023 crore across various business segments.
India and Egypt have discussed ways to step up cooperation in the renewable energy sector with experts from both the countries sharing ideas to promote clean fuel in the light of its increasing demand worldwide.
State-run Indraprastha Gas Limited (IGL), supplying natural gas in the NCR, on Thursday posted a 17 per cent jump in net profit for the second quarter ending September at Rs 168.61 crore on the back of increased sales.
Auction of reserves selected for commercial mining is likely to be completed by the end of March, and this is likely to end state-owned Coal India’s near monopoly in the domestic market.
A consortium of Indian companies led by ONGC Videsh (OVL) is likely to acquire a 49 per cent stake in Russia’s Vankor cluster oilfields owned by Rosneft by February 2018.
With the rental differential between old and new rigs disappearing, Oil and Natural Gas Corporation (ONGC) has an opportunity to improve efficiency and make the most of rising crude oil prices by modernising its rigs.
Focusing predominantly on value added products, Steel Authority of India Ltd. (SAIL) is looking forward to offer an array of differentiated and quality products in market while focusing on value along with volume.