“Make no mistake, it will be “suicidal” to privatise the two oil companies – BPCL and HPCL,” – this was the view expressed by the trade unions and workers’ representatives from the oil and petroleum public sector undertakings from all over the country, who were speaking at a National Convention held at Mumbai on October 26.
The ‘haste’ being shown by the Bharatiya Janata Party (BJP) government’s proposal to privatise the well-performing public sector entity, Bharat Petroleum Corporation Limited (BPCL), giving no reasons for it, seems aimed at meeting its ambitious disinvestment target for the year.
A recent order passed by the National Company Law Tribunal (NCLT), Ahmedabad bench, has approved Adani Power Limited’s (APL) takeover of insolvent entity Korba West Power Company Limited (KWPCL) having installed capacity of 600 MegaWatt (MW) in Raigarh
The Modi government wants the Indian Oil Corporation (IOC) — the country’s largest oil refining and marketing company, owned by the public sector — to buy the entire central government stake in Bharat Petroleum Corporation (BPCL), in order to meet its highest-ever disinvestment target of Rs 1.05 lakh crore (trillion).
The public sector company ONGC (Oil and Natural Gas Corporation) has been involved in hydrocarbon projects in the Cauvery delta region of Tamil Nadu for many years. There are many instances of environmental disaster which happened due to the negligence of ONGC in various places.
In another attempt to take its investigation forward in the multi-crore coal import scandal, the Directorate of Revenue Intelligence (DRI) filed an affidavit with Bombay High Court on June 13 challenging a petition by Adani Enterprises Ltd (AEL) that sought the quashing of DRI’s letters regotary (LR) to foreign jurisdictions.
Strange indeed are the ways of the some of India’s electricity regulatory authorities.
Indian Oil Corp (IOC), the nation’s biggest oil firm, has tied up imports from the US and taken additional volumes from Saudi Arabia to make up for the bulk of the volumes lost because of sanctions prohibiting buying oil from Iran, top officials said Friday.
With the 2018-19 fiscal year coming to an end, glaring lapses on many fronts in Indian Railways including falling punctuality rate, high equipment failures and the much required reforms pushed at slow lane are staring at the upcoming new financial year.
The loco pilots of Indian Railways have called for an all-India strike under the banner of All India Loco Running Staff Association.