Four public sector undertakings—Indian Oil Corporation, Bharat Petroleum (BPCL), Hindustan Petroleum (HPCL) and Coal India — are paying an out-of-turn second interim dividend to help the government shore up its revenues. Most of these companies paid interim dividends less than a month ago.
State-run Indian Oil Corporation Ltd (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) have declared a combined special dividend of `4,570 crore following pressure from the government,
The oil ministry has directed state oil firms to prepare a roadmap for creating integrated firms. Oil secretary Kapil Dev Tripathi held a short meeting with the chairmen of state oil firms last week and asked them to submit their respective plans for integration within weeks
According to the data released by the Petroleum Planning and Analysis Cell (PPAC), in the April-February period these companies spent Rs 91,781 crore as capex. The amount spent has been the highest since 2014-15.
With the ministry of petroleum and natural gas betting big on bringing down the import of crude oil through increasing its dependency on bio-fuels
Shares of oil marketing companies such as Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation
India’s biggest oil and gas producer Oil and Natural Gas Corporation (ONGC) may acquire the government’s 51.11 percent stake in India’s third-biggest fuel retailer HPCL. This will be followed up with an open offer to acquire additional 26 percent from other shareholders of HPCL. The deal for the 77.11 percent stake would be worth Rs […]
The government’s plan to create an integrated oil company will likely involve Oil and Natural Gas Corp taking over either Hindustan Petroleum Corp (HPCL) or Bharat Petroleum Corp (BPCL)
Oil minister Dharmendra Pradhan, senior officers of his ministry and executives of state-run oil companies will fan out in almost all the districts of the country over the next 40 days to gauge energy infrastructure
State-run Bharat Petroleum Corp. Ltd (BPCL) plans to set up a petrochemicals unit at its Bina refinery in Madhya Pradesh as part of its Rs25,000-crore expansion plan for the refinery