ONGC Cash Course To Fund HPCL Buy

ONGC Cash Course To Fund HPCL Buy

State-owned explorer ONGC Ltd could borrow about Rs 25,000 crore to acquire downstream refiner HPCL, which will create the country’s first integrated oil and gas company.

LPG Price Increased By Rs 7, Aviation Fuel Hiked By 4 Per Cent

LPG Price Increased By Rs 7, Aviation Fuel Hiked By 4 Per Cent

LPG (Liquefied petroleum gas) price on Friday was increased over Rs 7 per cylinder. With this, the orders of government are being followed which states the price of cooking gas should be increased per month so that subsidies would be hammered down by this fiscal-end.

Buoyed By Resolution of Tax Dispute, IOC Plans Additional Investment of Rs 52K crore In Paradip Refinery

IOC and the Odisha government have agreed on modalities to resolve the tax dispute following intervention from petroleum minister Dharmendra Pradhan. As part of the understanding reached between the two sides, the Odisha government has agreed to restore part of the tax incentives.

Buoyed By Resolution of Tax Dispute, IOC Plans Additional Investment of Rs 52K crore In Paradip Refinery

With formal resolution of tax dispute relating to its Paradip refinery now being just a matter of time , the oil PSU plans to invest additional Rs 52,000 crore in expanding capacity of the project and setting up petrochemical complex.

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