The Union government’s decision to divest its entire stake in Bharat Petroleum Corporation Limited (BPCL) has created apprehensions over the fate of the nearly Rs 16,500-crore projects for import substitution petrochemical products
The government will approach Exxon Mobil of US, BP Plc of UK, Total SA of France and Saudi Aramco as it plans to sell public sector oil major BPCL in before March 2020. At its current prices, BPCL is expected to fetch close to Rs 63,000 crore to the exchequer as against the asset sale target of Rs 1.05 lakh crore in the current fiscal year (2019
Indian Railways passengers can look forward airline like services in trains as several top companies including Vistara and Spice Jet have expressed interest to operate trains on high demand routes.
During an interactive session at the Bloomberg Global Business Forum in September, Prime Minister Narendra Modi faced a dilemma on the issue of clean energy versus coal-based power.
Fuel prices across Telangana petrol bunks have seen a dip. On October 9, petrol per litre fell by 87 paisa while diesel fell by one rupee. The steady decrease in fuel prices in the last one week is a result of a constant reduction in global crude oil.
Petronet LNG Ltd, a joint sector gas company in India, signed a memorandum of understanding (MoU) with the US-based Tellurian last month for import of liquefied natural gas (LNG). The MoU was signed during Prime Minister Narendra Modi’s highly publicized visit to Houston, Texas, for the ‘Howdy, Modi!’ rally.
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The Kerala State Electricity Board Limited (KSEBL) has floated tenders for supplying materials and installation of solar plants in 42,000-odd houses and institutions, for the generation of 200 MW of power in the first phase of a 500 MW solar power project set to be commissioned by the year 2022.
About 821.46 of the 4.78 lakh hectares of land belonging to the Indian Railways countrywide has been encroached upon by various parties. The encroached land is 0.17 per cent of the total land owned by the Indian Railways.
Petroliam Nasional Bhd (Petronas) of Malaysia and an association controlled by Japan’s JXTG Holdings Inc are amongst the corporations involved in purchasing stock in India’s Bina oil refinery.