Infibeam Avenues Limited has partnered with HPCL for LPG gas cylinder bookings across India through its BillAvenue platform. HPCL is the first biller to go live under the new LPG category.
Oil Minister Dharmendra Pradhan on Thursday hinted that public sector firms such as Indian Oil Corporation (IOC) may not be allowed to bid for buying government stake in Bharat Petroleum Corporation Ltd (BPCL), for which a buyer may have to shell out as much as Rs 90,000 crore.
Hindustan Petroleum Corporation Ltd (HPCL) has been accorded the status of a ‘Maharatna’, said a statement from the Ministry of Heavy Industries and Public Enterprises.
Engineering and construction major Larsen & Toubro on Wednesday said its arm LTHE has won a mega project from Hindustan Petroleum Corporation. As per the company’s scheme classification, the mega project bagged by L&T Hydrocarbon Engineering Ltd (LTHE) is worth over Rs 7,000 crore.
The strategic sale in BPCL by the government may pave the way for ONGC to find a strategic partner for its oil marketing company HPCL. ONGC acquired HPCL in FY18 for Rs 36,916 crore.
To spread awareness about the ill-effects of reusing cooking oil, oil marketing companies on Wednesday launched a campaign emphasising the need to redirect used cooking oil for production of bio-diesel.
Hindustan Petroleum, which is a minority partner in the proposed West Coast Refinery, feels Saudi Aramco, the single largest shareholder in the 60 million tonne project, partnering with Reliance will have no impact on the now-stuck project.
Indian Oil, Bharat Petroleum and Hindustan Petroleum will soon shuffle millions of cooking gas consumers between their agencies to expand the customer base for newly-appointed distributors and help make their business viable.
Solar power systems provider Magenta Power has roped in state-owned Hindustan Petroleum Corporation Ltd (HPCL) as a strategic investor as it bids to accelerate deployment of electric vehicle (EV) chargers across India, according to a top company official.
The U.S.-China trade war and the growth of American oil supply will keep crude prices in check, notwithstanding Middle East tensions, according to the head of one of India’s biggest refiners.