Reliance Industries (RIL), India’s most profitable company, has prepared a blueprint for its oil-to-chemical (O2C) play as it advances the negotiations with strategic investor Saudi Aramco to sell strategic stake in the business. According to the plan
India’s cabinet is expected to evaluate a proposal to sell the government’s stake in state-run Bharat Petroleum Corp (BPCL.NS) next week, a government source said. The Indian government plans to sell its entire 53.29% stake along with management control in BPCL for about $10 billion.
The world’s largest initial public offering (IPO), which Saudi Aramco is planning, brings cheer to the Indian market as the Saudi government owned firm targets $100 billion investments in the country. The oil behemoth has announced two voluminous transactions in India
As solar tariffs are crashing and new project auctions have not many takers, solar module and cell makers in India are finding the going tough. If India becomes a signatory to the Regional Comprehensive Economic Partnership (RCEP), the Indian PV industry will get wiped out, fears industry….
Petrol and diesel prices were cut by 5 paise and 6 paise, respectively, on Tuesday across four major cities of India. Petrol was priced at Rs 73.22 per litre in Delhi, while diesel was sold at Rs 66.11 per litre.
The government’s stake sale in Bharat Petroleum Corp Ltd (BPCL) is likely to see bids from international oil giants such as Saudi Aramco, Rosneft, Kuwait Petroleum, ExxonMobil, Shell, Total SA and Abu Dhabi National Oil Co. The government plans to offload 53.29% share stake in BPCL.
Coal Minister Prahlad Joshi on Friday said that one billion tonne coal production would be achieved at the earliest. The minister visited the command area of the Central Coalfields Limited (CCL) and dedicated a ‘Continuous Miner’, a machine to scrape coal from the seam
Coal supply in India has remained limited despite the increase in demand. The supply-demand mismatch is primarily due to state-run miner Coal India’s inability to achieve production targets in recent years. It ultimately led to a 13 per cent spike in coal import to Rs 1.83 lakh crore.
India’s fuel demand fell 0.1 percent in September compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 16.01 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Petrol and diesel price today: Fuel prices across four major cities remained unchanged on Wednesday, with Delhi recording lowest prices among all. Fuel prices have shown a steady decline after a continuous rise for several days last month. Since October 4