Weaker benchmark GRM (gross refining margin) and lower marketing margins are likely to take a toll on Indian Oil Corporation’s (IOCL) March quarter results, which is scheduled to be released today. Edelweiss Securities estimates the company’s loss at Rs 1,609.4 crore for the quarter under review.
Prime Minister Narendra Modi on Wednesday laid foundation stone of Bharat Petroleum Corporation Limited (BPCL) depot in Karnataka’s Kalaburagi. The prime minister also launched several other developmental projects dedicating to the nation.
The growth of eight core sectors declined to 2.5 per cent in April, mainly due to lower coal, crude oil and cement production.
State-run power giant NTPC’s standalone net profit declined by 25.54 per cent to Rs 2079.40 crore in the fourth quarter (Q) ending March 31, 2017, on impairment of investment in Ratnagiri Power plant known as Dabhol project.
Industrialist Naveen Jindal and others were on Tuesday summoned by a special court in New Delhi as accused in a case related to the allocation of a coal block in Madhya Pradesh after it took cognisance of a CBI charge sheet.
With an objective to enhance the value chain of petroleum products, Bharat Petroleum Corporation Limited (BPCL) is replacing the old 30-inch crude pipeline with 20-inch insulated pipeline from South Tanker Berth Jetty to Kochi Refinery.
The IPO of India Grid Trust to raise Rs 2,250 crore was oversubscribed 1.17 times till late afternoon trade on the last day of the offer on Friday.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the laying of rail tracks in Maharashtra, Uttar Pradesh and Andhra Pradesh to decongest busy routes.
The Visakhapatnam railway station is the cleanest, followed by Secunderabad, among the 75 most busy stations in the country.
Two state-owned firms Indian Oil Corporation (IOC) and Rural Electrification Corporation (REC) will be included in the MSCI India index, while drug firm Divis Laboratories will move out.