India has also set the ceiling price for gas to be produced from difficult fields at $6.30 per mmBtu for the six months to March 2018 compared with $5.56/mmBtu for the April 2017 to September 2017 period
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ONGC holds 13.77 per cent stake in India's biggest refiner IOC, which at today's market price is worth about Rs 26,600 crore. It has another 4.87 per cent stake in GAIL India Ltd, worth Rs 1,637 crore
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The plan would boost India’s domestic oil and gas output and would meet Prime Minister Narendra Modi’s target to reduce oil imports by 10 per cent by 2022. However, the plan could reduce profits of state-owned companies
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Now, if 99.5 per cent villages in the country have been deemed "electrified", then why are more than 40 million rural households out of approximately 172 million rural households across 29 states of the country without access to electricity? The argument flashes the discrepancy in the very definition of an 'electrified' village
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State-owned Indian Oil Corp (IOC) broke into the top 10 club, climbing to 7th position in the 2017 ranking, up from 14th rank in 2016
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This mandatory move by the government comes at the wake of Indian market being flooded by cheap Chinese modules with questionable quality
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Country's rising disposable income has helped boost its demand for refined fuels, including gasoline, jet fuel and liquid propane gas (LPG), but its capacity to keep up with this demand may be strained in the coming years
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The government's transaction advisor JM Financial and legal consultant Cyril Amarchand Mangaldas is preparing Information Memorandum (IM) on Hindustan Petroleum Corporation Ltd (HPCL) with India's largest oil and gas producer, ONGC, in the next 7-10 days
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