Bharat Forge Chairman and Managing Director B N Kalyani said FY19 has been a record year for the company with strong growth in revenue and profit.
National Iranian Oil Co (NIOC), which holds 15.4 per cent stake in CPCL, is keen to participate in the expansion project.
Total usage of oil products rose 1.3 per cent year by year to 18.9 m tons in March, according to the oil ministry’s Petroleum Planning & Analysis Cell Demand in the FY through March increased 2.7% y/y
IOC has the option to take 0.7 million tonnes of crude oil from Mexico on top of its committed purchase of 0.7 million tonnes during the year.
After an explosion during fireworks display at Puttingal Temple on April 2016 claimed 111 lives, a ban was imposed on fireworks in the state.
The total subsidy expenditure rose to Rs 20,672 crore during the first six months itself this fiscal, as compared to Rs 11,352 crore incurred a year ago.
Consumption in February totalled 17.41 million tonnes as compared to 16.77 million tonnes in the same month last year.
In FY18, a substantial profit of over `6,000 crore for the second straight year has helped the company claim the coveted ‘maharatna’ status.
The release of the election schedule on Sunday has put the brakes on a number of activities that were to be undertaken by government-owned enterprises.
The tariff approved is almost half of the tariff sought by East West Pipeline Ltd - the operator of the pipeline which transports Reliance Industries' eastern offshore KG-D6 gas to customers.
India as a country should strive for a reasonable petroleum pricing which would incentivise both consumers and investors, said B Ashok, MD, Ratnagiri Refinery & Petrochemicals.
Shirdi International Airport, spread over 400 hectares in Kakadi village in Ahmednagar district, was inaugurated by President Ram Nath Kovind on October 2, 2017.
The two HPCL employees are part of a team of officials from the Corporation who went to Delhi to attend the Petrotech-2019 12th International Oil and Gas Conference and Exhibition
State-run oil major Hindustan Petroleum Corporation Ltd., (HPCL) has posted an 87.2 per cent drop in net profit during the quarter ended December 31 compared to the same period last year.
While large-volume marine spills get most of the attention, 98 per cent of oil spills occur on land, with more than 25,000 spills a year reported to the Environmental Protection Agency.