India is considering doubling to 10 million tonnes the capacity of strategic oil reserves it is building as an insurance against supply disruptions, to take advantage of current low interest rates and slush of funds with oil companies.
Oil and Natural Gas Corporation said on Monday that it would set up 1,100 retail outlets for marketing motor spirit and high speed diesel.
Hours after Sri Ram Sene announced plans to start its operations in Goa, Chief Minister Laxmikant Parsekar on Monday said the state government will extend the ban on the controversial right-wing outfit for 6 months.
Essar Oil on Tuesday said it will set up 50 petrol stations before the end of this fiscal.
Prohibitory orders were imposed in Delhi and parts of Karnataka. Police kept tight vigil in Kerala. In Gujarat, 50 people were arrested for Thursday's violence.
World's third largest oil firm Royal Dutch/Shell will source petrol and diesel from Mangalore Refinery and Petrochemicals Ltd for its upcoming 2000 petrol stations in the country.
Oil and Natural Gas Corporation will set up a specialised trading desk in India to market crude oil received from investments in oil fields abroad and surplus petroleum products from subsidiary Mangalore Refinery Petrochemicals Ltd.
Oil and Natural Gas Corporation is likely to buy 16.95 per cent stake of Hindustan Petroleum Corporation Ltd in Mangalore Refinery and Petrochemicals Ltd for about Rs 550 crore.
ONGC will submit a proposal to the Union government for acquiring Hindustan Petroleum Corporation Ltd's entire 16.97% stake in Mangalore Refinery & Petrochemicals Ltd at Rs 37.75 per share even though HPCL is not keen to divest its holding.
The Oil and Natural Gas Corporation plans to invest around Rs 750 crore (Rs 7.50 billion) on upgrading the product quality and debottlenecking in Mangalore Refinery and Petrochemicals Ltd.
Six athletes from the track and field, shooting and weightlifting disciplines were on Wednesday inducted into the Target Olympic Podium Scheme, with the Sports Ministry including discus thrower Seema Punia and leaving out seasoned shooter Gagan Narang.
State-run Indian Oil Corporation will import 31.41 million tonnes of crude oil this fiscal, 53 per cent of which would be on term contracts.\n\n\n\n
Mangalore Refinery and Petrochemical Ltd on Wednesday prepaid Rs 2,380 crore (Rs 23.80 billion) of rupee loans and said it plans to prepay the remaining Rs 257 crore (Rs 2.57 billion) of debt by January 19.
'We are hoping the preparations we have made will not be needed.'
The country's best riders will be on view in the Gulf Dirt Track Championship, at the NSCI, on April 19 and 20.
The only way to solve it is through a legislation, Pravin Togadia said.
Oil and Natural Gas Corporation may buyback within five years the 21 per cent equity lenders will have in the loss-making Mangalore Refinery and Petrochemicals Ltd after financial restructuring.
The annual Routes event attracts top representatives from a wide variety of organisations, including airlines and airports, who meet, plan and conduct business for new global routes.
Diesel makes up nearly half of fuel demand in Asia's No 3 economy.
One of the major advantages of buying Iran crude is the additional credit period of 90 days that the country gives to India, compared to 30 days by other countries.
Prabha, who hailed from Mangalore, was stabbed to death in March in Sydney.
The Industrial Development Bank of India has sold 7.56 crore shares (Rs 10 each) of Mangalore Refinery and Petrochemicals Ltd to ONGC Ltd for about Rs 81.5 crore (Rs 815 million).
State-run Oil and Natural Gas Corporation will buy 20.9 per cent stake held by banks and financial institutions in its subsidiary Mangalore Refinery and Petrochemicals Ltd for around Rs 370 crore.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Deepak Fertilizers plans to revise open offer price to beat Mallya-Poddar efforts
The Bangalore-based GMR group has bought out the stakes of US power majors CMS Energy and Public Service Enterprise Group in Tanir Bhavi and Basin Bridge power plants in Karnataka and Tamil Nadu, respectively.
MRPL had its fuel taps running on Monday as union petroleum minister on Saturday said that ONGC will take a controlling 51% stake in the petrochemicals company.
