Narendra Modi lays foundation stone for Talcher fertiliser project in Odisha, says it will help cut import of natural gas, fertiliser
Narendra Modi on Saturday said the Rs 13,000 crore-project to revive the Talcher fertiliser plant will for the first time see coal being converted into gas for use as feedstock.
Dharmendra Pradhan rules out splitting GAIL, but wants petrochemical business divested at a good price
Splitting GAIL "is not on the government's agenda," Pradhan said adding his ministry wants efficiency in operations of the company
ONGC not to sell stake in IOC, GAIL in near future; repays close to third of Rs 24,881 cr loan to buy HPCL
ONGC had in January received government approval to sell its 13.77 percent stake in Indian Oil and 4.86 percent stake in GAIL to help fund the Rs 36,915 crore acquisition of HPCL.
GAIL renegotiated the terms of the 20-year deal to import 2.5 million tonnes a year of LNG, including price and volume ramp up
Govt aims to split GAIL by March 2019 to open up gas sector, hopes to increase number of gas consumers
India plans to split state-run gas utility GAIL by March next year to create two companies: one marketing gas, and another operating pipelines
Gail chairman BC Tripathi said in the first year of the 20-year contract that was inked in 2011, Gail hopes to take in 5.8 million tonne.
The market breadth, indicating its overall health, remained negative as a total of 691 scrips advanced and 1,124 declined.
ONGC to raise Rs 19,940 cr short-term loan to part-fund HPCL acquisition; gets nod for Rs 35,000-cr borrowing
ONGC says it will get Rs 10,600 cr loan from PNB, Rs 4,460 cr from Bank of India and Rs 3,000 cr from Axis Bank
Sources said ONGC is a zero-debt company and wants to retain that status and short-term loan it is availing have provision to pre-pay without any penalty.
The government approved the transfer of HMT Watches’ 208.35 acres land at Bengaluru and Tumkur in Karnataka to Isro on payment of Rs 1,194.21 crore.
Following Finance Minister Arun Jaitley's budget proposal in February of a merger, reports said explorer ONGC may acquire state-run fuel refiner HPCL for about Rs 44,000 crore.
While IOC will take 38 percent, Gail will pick 11 percent stake in the proposed 5-million tonne a year LNG import terminal at Dhamra by 2018-19
HPCL and GAIL are looking at setting up a 1 million tonnes Ethylene Derivatives plant, which will produce a wide range of petrochemical raw materials for the manufacture of detergents, paints and coatings, cosmetics, textiles and adhesives
The price mismatch is injecting tensions into long-term LNG agreements, driving a wedge between buyers and sellers such as Gail and Gazprom's Marketing & Trading
The company, promoted by state-run GAIL and British Gas Asia Pacific Holdings Pte Ltd, is making an offer for sale of up to 24,694,500 equity shares of Rs 10 each.
Natural gas currently accounts for about 8 percent of India's overall energy mix.
The problem is that accomplished women seem to constantly need to prove their worth by joining such programmes and getting their names onto lists of worthiness, while accomplished men continue to become board members without facing any such hurdles
According to Icra report, under-recoveries of oil companies is likely to fall to Rs 30,000 crore in the current fiscal from Rs 72,300 crore in FY15