ONGC May Buy Out Gail In OPaL

ONGC May Buy Out Gail In OPaL

State-owned Oil and Natural Gas Corp (ONGC) may buy out gas utility GAIL India Ltd in its Dahej mega petrochemical project in Gujarat to take full control of the recently commissioned plant.

Oil Prices Remain Steady

Oil Prices Remain Steady

Steady conditions prevailed at the wholesale oils and oilseeds market today as prices of edible and non-edible oils moved in a narrow range on alternate bouts of trading and settled around previous levels.

GST Implementation May Impact IOC By Rs 4,200 Crore

GST Implementation May Impact IOC By Rs 4,200 Crore

Indian Oil Corporation (IOC), the nation’s largest fuel retailer, may have to bear an impact of Rs 4,200 crore per annum due to non-availability of input tax credit under Good Service Tax (GST) on procurement of services and capital goods, oil minister Dharmendra Pradhan said.

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