The government’s latest plan to reduce stake in select state-run companies including oil and gas firms could be credit negative for Indian Oil Corporation (IOC), Bharat Petroleum (BPCL) and Oil India, Moody’s Investors Service said in a report.
Indian oil corp, bharat petroleum corp and co signed agreement for formation of joint venture company. JV co formation to implement, operate 2757 km long lpg pipeline from kandla to gorakhpur
Indian Oil, Hindustan Petroleum , Bharat Petroleum, and GAIL have exceeded their capital expenditure targets for the current fiscal, having spent heavily on refinery upgrades, pipelines, and marketing infrastructure.
Abu Dhabi National Oil Company (ADNOC) said on Monday it had signed an agreement with an Indian consortium awarding the latter the exploration rights for an onshore block. Two Indian companies
Residents of a Athikkadu near Chennimalai here on Tuesday erected tombstones and performed special puja to register their opposition to the Bharat Petroleum Corporation Limited’s Irugur-Devangonthi petroleum and petroleum product pipeline project.
State oil marketing companies (OMCs) have permitted dealers to operate more than one petrol pump, paving way for emergence of small chains of filling stations in the country.
Infosys, State Bank of India and GIC Re feature in the list of companies whose employees face potential hits to their retirement savings, with pension funds at these entities investing in various debt papers of the troubled infrastructure financier IL&FS.
State-owned corporations Indian Oil, Bharat Petroleum and Hindustan Petroleum as well as GAIL, are exhausting their capital expenditure budgets much faster than their upstream counterparts ONGC and Oil India % in this financial year.
A wave of shutdowns will hit Indian state-owned refineries next year as the country prepares for cleaner fuels from April 2020, company officials said, in moves that could temporarily dent oil demand and push up imports of refined fuels.
Public sector firms Indian Oil, Bharat Petroleum and Hindustan Petroleum plan to add 4,450 retail outlets across Gujarat in a bid to expand its network and meet growing fuel needs, an official said here Sunday.