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GAIL not to shut down Assam plant but convert to supply feedstock

Jan 30, 2015

GAIL not to shut down Assam plant but convert to supply feedstock

Regarding apprehension that there would be shortfall in the supply of LPG to Assam and the North East, GAIL had informed Indian Oil Corporation Limited (IOCL) about the conversion of GAIL's LPG plant into C2+ recovery unit by BCPL. #Business #Assam #GAIL #IOC #CompanyWatch #BPCL #Oil India #States #Numaligarh Refinery Limited #LPG plant #Brahmaputra Cracker and Polymer Limited
Govt to exempt ONGC, OIL from fuel subsidy payment this fiscal

Jan 09, 2015

Govt to exempt ONGC, OIL from fuel subsidy payment this fiscal

Upstream producers ONGC and OIL made good nearly half of the revenue loss or under-recoveries that fuel retailers incurred on selling cooking fuel and diesel until recently at government controlled rates. #Business #Economy #ThisisNext #ONGC #GAIL #Oil India #Dharmendra Pradhan #Fuel Subsidy
Centre seeks Rs 15,546 cr fuel subsidy from upstream firms

Jul 31, 2014

Centre seeks Rs 15,546 cr fuel subsidy from upstream firms

Fuel retailers IOC, HPCL and Bharat Petroleum Corp Ltd (BPCL) sell diesel, domestic LPG and kerosene at government controlled rates which are way below the cost. #Economy #NewsTracker #Oil Ministry #ONGC #Indian Oil #LPG #Hindustan Petroleum #Oil India #Fuel Subsidy #GAIL India
RBI eases overseas investment norms for Indian corporates

Jul 03, 2014

RBI eases overseas investment norms for Indian corporates

The financial commitment should be limited within 400 percent compared to earlier level of 100 percent of the net worth as per the last audited balance sheet of the company, it said. #Business #Investing #RBI #PolicyWatch #ONGC Videsh #Oil India #Overseas investment
Petroleum ministry seeks Rs 26,000 cr as fuel subsidy for Q3

Feb 10, 2014

Petroleum ministry seeks Rs 26,000 cr as fuel subsidy for Q3

ONGC's liability is near the record Rs 13,796.04 crore it shelled out in Q2. #Economy #NewsTracker #ONGC #Oil India #Fuel Subsidy #Vivek Rae

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Memo to Sebi: Is govt licensed to rob minority investors?

Sep 26, 2011

Memo to Sebi: Is govt licensed to rob minority investors?

If a private group were to happily transfer money from one company to another Sebi would pounce on them. Why isn't it doing so with government companies? #ONGC #Indian Oil #GAIL #Thats Just Wrong #BPCL #HPCL #Oil India