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.
Indian Oil Corporation (IOC) fuels including diesel, petrol would upgrade to Bharat Stage (BS) VI from the current BS-IV stage by 2020, which could reduce the emissions substantially, said D L Pramod, executive director, Indian Oil, Karnataka.
India’s oil imports fell to their lowest in more than three years in September to 3.82 million barrels per day (bpd), data obtained from industry and shipping sources showed, as some refiners cut purchases due to shutdowns for maintenance and fuel upgrades.
The power sector is going through troubled times and according to a recent RBI report, the total debt burden of India’s states is expected to touch Rs 52.52 lakh crore by the end of 2020 fiscal, an 11.5% rise from the previous year.
Oil prices fell on Monday, weighed down by concerns about economic growth and signs of ample global supplies.
Global benchmark Brent crude was down 47 cents at $58.95 a barrel by 1153 GMT. US West Texas Intermediate crude oil declined 34 cents to $53.44 a barrel.
Solar policies, subsidies and other incentives for the installation of rooftop solar systems in Tripura
With an area of 10,491.69 sq km and located in the northeastern part of the country, Tripura is the third smallest state in India. The state is endowed with a topography comprising plains, valleys and hill ranges, and a tropical climate with the rainy season falling between May and September.
Saudi Aramco, Rosneft, Kuwait Petroleum, ExxonMobil, Shell, Total SA and Abu Dhabi National Oil Co. are among companies that have had conversations with the government on asset sales and are likely to bid for the government’s stake in Bharat Petroleum Corp. Ltd, two people aware of the matter said.
Reliance Industries Ltd has said that it is on track to start production from a new gas field in the flagging KG-D6 block in the Bay of Bengal from mid-2020 even as output from its existing fields continued to fall.
Not one but two oil companies – BPCL and HPCL – may go under the hammer this fiscal with state-owned oil and gas explorer ONGC now looking to sell its stake in recently-acquired refiner HPCL to a strategic investor,
Flipkart claims to have witnessed 100 per cent growth in sale of budget smartphones from its platform between festive season sale it held a year ago till date …