Refineries

Coronavirus Outbreak: IOC cuts crude processing by 25%-30% on low fuel demand; several industries to shut operations

State-owned IOC controls about a third of India’s 5 million barrels per day (bpd) refining capacity.

BPCL disinvestment: Vedanta chief Anil Agarwal says state-run company's valuation high, evaluating bid; oil PSU's m-cap at 92,920 cr

The government plans to sell its entire 52.98 percent stake in BPCL that will give buyers ready access to 14% of India's oil refining capacity and about one-fifth of the fuel market share in the world's fastest-growing energy market.

RIL AGM 2019: Full text of Mukesh Ambani's statement at Reliance Industries' 42nd annual general meeting today

At the 42nd AGM of Reliance Industries on Monday, Mukesh Ambani unveiled Jio Fiber, the much-talked-about fiber-to-the-home (FTTH) service

RIL AGM 2019: Reliance Jio pan-India broadband service launch from 5 September with unlimited free call

Mukesh Ambani on Monday announced the rollout of Jio Giga Fiber from 5 September, that will offer free voice calls for life from landline phones, high-speed broadband of minimum speed of 100 Mbps, free high definition TV and dish with a minimum subscription of Rs 700 per month

RIL AGM 2019: Saudi Aramco to acquire 20% stake in Reliance Industries' refinery, chemical business at $75 bn enterprise value

Mukesh Ambani on Monday announced that Saudi oil giant Aramco has agreed to take a 20 percent stake in his flagship Reliance Industries' oil refinery and chemical business at an enterprise value of $75 billion (around Rs 5,32,466 crore)

RIL AGM 2019: Reliance Industries will become zero-net debt company in 18 months, says chairman Mukesh Ambani

Mukesh Ambani on Monday announced plans to make Reliance group a zero-net debt company in the next 18 months as he sells stakes in oil and chemical business to Saudi Aramco and fuel retailing business to BP

RIL AGM 2019: Reliance Jio subscriber base at over 340 mn, ready to kick-start four new growth engines, says Mukesh Ambani

Mukesh Ambani on Monday said that Jio which has amassed over 340 million subscribers in less than three years, is now ready to fire four new growth engines including Internet of Things (IoT) for the entire country, home and enterprise broadband services as well as broadband for SMEs

RIL AGM 2019: BP to pay Rs 7,000 cr for 49% stake in Reliance Industries' fuel retail network

British energy giant BP will pay about Rs 7,000 crore for acquiring a 49 percent stake in Reliance Industries' fuel retailing network, billionaire Mukesh Ambani said on Monday

India's rising oil demand to support investments in refineries, upstream production: Moody's

India's rising oil consumption will support its investments in refining capacity additions and upstream production, but imports will keep growing amid stagnant production, Moody's Investors Service said on Monday

India to see $300-bn investment in energy in coming decade, says oil minister Dharmendra Pradhan

India will see an investment of about $300 billion over the next decade in setting up of refineries, oil and gas pipelines and expansion of city gas distribution network as it builds infrastructure to cope with the massive demand surge, Oil Minister Dharmendra Pradhan said