Loading Ticker...

Archive for the 'Oil' Category

Rs 20,000 Cr. to be invested by BPCL in KRL Expansion

BPCL Logo Bharat Petroleum Corp.

According to a top official of BPCL, the company will be investing Rs 20,000 in Kerala for its expansion facility at Kochi Refinery. They would also be setting up a Petrochemical complex in the place. The purpose of this expansion is to expand the capacity of the KRL plant which produces 9.5 million tons per […]

Continue Reading...

Net profit of IGL – Indraprastha Gas grows 18%

IGL - Indraprastha Gas Logo

Good news for IGL since they have reached an 18 per cent jump in net profit. This is due to their high sales. This increase in sales would not be that easy without the good management of the people behind this success. This just goes to show that the company will be in the industry […]

Continue Reading...

LNG Terminal to be built by Reliance Power and Shell

Shell Logo

Reliance Power and energy major Shell is planning to build a terminal off the Andhra Pradesh cost. This sort of agreement will cause the import of 5 million tonne a year of liquefied natural gas from 201. With this, the two will build a floating terminal which they can quickly set up. The location will […]

Continue Reading...

Tata Motors, Hyundai, Suzuki Offer Rs. 50,000 Discounts to address Petrol Price hikes

Maruti Suzuki New Logo

Oil price hike has become a major problem of car dealers even for those that are leading in the car industry like Hyundai Motor and Tata Motors. There is a time that the price of oil in India had a record hike of Rs 7.50 per liter. If this will continue, people will not only […]

Continue Reading...

Essar Oil To Supply High Quality Bitumen To L & T

Essar Logo

Essar oil and L & T had come into an agreement where the oil company would supply high quality bitumen to projects that are handled by the L & T Company in Gujarat. They have made and signed a Memorandum of Understanding to make everything legal. The initial agreement is that the Essar oil would […]

Continue Reading...

Indian Govt. Allows RIL-BP To Survey Only 5 Gas Fields In KG-D6 Block

BP Logo British Petroleum

The Reliance industries proposal to invest survey of all discoveries made in KG-D6 has been rejected by the government of India. The company has been directed to restrict pre-development expenses only to selected fields that have commercial value. The RIL and its British partner BP Plc had proposed pre-development investments, but this was rejected on […]

Continue Reading...

LPG, Cooking Gas To Get Costlier In Mumbai, Maharashtra

HP Gas Logo

The Maharashtra Finance Minister, Ajit Pawar, presented his financial budget of 2012-13 and imposed Rs. 152 crore revenue surplus on cooking gas cylinders in the current fiscal year 2012-13. Although there are no other kind of taxes imposed on cooking gas, but everybody’s budget is going to suffer a lot. In the previous year’s budget, […]

Continue Reading...

GAIL, Oil India May Buy Reliance Gas Transport Infrastructure (RGTIL)

RGTIL Logo Reliance Gas Transportation Infrastructure

Mukesh Ambani’s Reliance Gas Transport Infrastructure Limited (RGTIL) is going to sell out, and PSU companies GAIL and Oil India showed their interest to buy a part of Ambani’s camp. Though there is no official announcement in the market, but the sources of both the sides are declaring this. Mukesh Ambani can get Rs. 10, […]

Continue Reading...