Despite the recent fall in prices of imported LNG, the fuel still costs $6-7 per mmbtu to domestic consumers, clearly signalling the demand for gas at prices higher than $2.89 per mmbtu fetched by domestic explorers for shall
Automobile manufacturing in the country is bunched mostly in Tamil Nadu, Pune in Maharashtra and around Sanand in Gujarat, with few manufacturing units scattered in other parts of the country.
A year and half after the launch of the Modi government’s flagship Pradhan Mantri Ujjwala Yojana (PMUY), the average rate of LPG cylinder refills by the beneficiaries stands at an annual 3.7 per connection issued.
As the deadline for submission of expressions of interest (EoI) for oil and gas fields under the Open Acreage Licensing Policy (OALP) ended on Wednesday, state-run ONGC with 26 EoIs and Cairn India with 15 have topped others
Venezuela’s state-owned PDVSA has offered to supply crude oil to India’s government-run petroleum refineries towards $449-million dividend it owes to ONGC Videsh (OVL).
The State-run ONGC has said it will resist the government’s reported move to hand over its 11 “discovered” hydrocarbon fields to private operators for their expeditious development.
The Narendra Modi government’s flagship Pradhan Mantri Ujjwala Yojana (PMUY), which has provided more than 3 crore liquefied petroleum gas (LPG) connections to poor households over the last one and a half years.
ONGC Videsh (OVL) expects its associated petroleum gas plant coming up at its loss-making fields acquired from Imperial Energy in Russia’s Tomsk region to become operational by December 2018.
The ministry is expecting an additional grant of Rs 4,800 crore over and above the already budgeted Rs 8,000 crore to issue 3 crore additional connections, on top of the 5 crore targeted earlier
To widen the base of vendors and increase competition, Indian Railways has decided to do away with the rule wherein vendors approved by the Research Designs and Standards Organisation (RDSO) were the only ones eligible to bid
Indian Railways may look at a rate of return (RoR) of 12% on its investments under the revamped station redevelopment programme as the transporter plans to be a co-investor along with private developers.
Firms bagging contracts to redevelop railway stations may have to design construction in such a way that the national transporter’s plan for multi-level platforms at some of the busiest stations are not pre-empted.
Earnings from the passenger segment stood at around Rs 47,500 crore for financial year 2016-17, a tad below the revised target of Rs 48,000 crore, but better than the Rs 45,376 crore achieved a year earlier.
Keeping in mind the low-stocks scenario, it was earlier decided by the government that Coal India Ltd (CIL) would load at least 250 rakes daily, out of which 215 rakes are supposed to be allotted to the power sector.
There are two types of lie-overs in railways — first, a train reaches its terminal railway station and undergoes maintenance before returning to its originating station, and second, wherein it does not undergo maintenance b
The government plans to list at least three other railway PSUs — Indian Railways Finance Corporation, Ircon International and RITES — within the current financial year. The valuation of IRCTC has dipped as its main source
A revamped public-private partnership (PPP) model to redevelop railway stations will see more attractive terms for private investors while Indian Railways’ (IR) agency — Indian Railway Station Redevelopment Corporation (I
In what the company is terming the “first direct evidence” of hydrocarbon reserves in the Kutch offshore basin, state-run ONGC has come across flows while drilling the GK-28-12 well.
Upstream petroleum regulator Directorate General of Hydrocarbons (DGH) has asked state-run explorer ONGC to review the commerciality of its ultra deep-sea find UD-1 in the Bay of Bengal’s KG-DWN-98/2 (KG-D5) block.
For the first time, Indian Railways will float global tenders to buy rails, as Steel Authority of India (SAIL), its sole supplier, can’t meet the transporter’s increased demand. Railway minister Piyush Goyal, who took cha
To expand its business in Bangladesh, IOC is looking to utilise global energy giant Total’s LPG terminal in Chittagong to supply cooking gas to the north-eastern part of India.
The Indian petroleum industry is going through a phase wherein on the one side it is saddled with tax woes arising out of the goods and services tax, and on the other is facing flak for the rising petrol and diesel prices.
If retail sale price of petrol and diesel is as high as it was when the global crude price was twice as high, state-run oil marketing companies haven’t much do about it: Their profits haven't jumped. Of course, these firms
With the dispute between the Odisha government and Indian Oil Corp (IOC) over the value-added tax (VAT) being resolved, the oil marketing firm has firmed up plans to increase its investment in the state including expansion of
While about Rs 92,300 crore was collected as GST for July till August 20, a similar amount has been paid by the taxpayers till Wednesday for August GST, sources said.
