A ministerial group headed by home minister Amit Shah has given its nod to Bharat Petroleum Corporation’s (BPCL) plan to invest $2.2-2.4 billion in the Rovuma Offshore Area-1 gas field in Mozambique.
Bharat Petroleum Corporation (BPCL), India’s second largest state-owned fuel retailer, is planning to set up a petrochemical plant at its 12 million tonne per annum Mumbai refinery at a cost of Rs 6,877 crore.
Prime Minister Narendra Modi on Sunday said most of the petrochemicals being used in India are sourced through imports and it will be the government’s endeavour to ensure they are manufactured domestically.
Prime Minister Narendra Modi, who is scheduled to visit The Bharat Petroleum Corporation’s (BPCL) Kochi Refinery on Sunday, will dedicate the Integrated Refinery Expansion Complex (IREC) to the nation and lay the foundation stone for the Petrochemical Complex.
State-run oil refiner Bharat Petroleum Corporation (BPCL) is expected to pay an interim dividend of Rs 14 per share next month, according to rating agency Moody’s. The quantum of dividend is expected to be higher in the absence of a share buy-back.
Hindustan Petroleum Corporation, Bharat Petroleum Corporation, Indian Oil Corporation, Jet Airways and SpiceJet shares gained 1-3 percent in morning on Wednesday after sharp fall in crude oil prices amid global growth concerns.
Net profit of Bharat Petroleum Corporation declined 48.30% to Rs 1218.71 crore in the quarter ended September 2018 as against Rs 2357.40 crore during the previous quarter ended September 2017.
Petrol price surged to a 55-month high yet again on Sunday to touch Rs 74.40 a litre in the national capital, while diesel price soared to a new all-time high of Rs 65.65, just three days after prices of both the fuels touched record levels.
Oil companies shares tank 8% on reports government to ask to absorb Re 1/litre hike; HPCL, IOC, BPCL crash
Shares of almost all the oil marketing companies cracked in the late morning trades on the news reports that the government may ask the firms to absorb Re 1 per litre hike and pass on the maximum possible benefit to the customers
With a view to bringing in innovations and disruptions in the technology-heavy oil and gas industry, India’s state-run companies on Wednesday pledged to support more than 30 start-ups who will be funded for the next three years through a corpus of Rs 320 crore under an initiative named Start-up Sangam.