GAIL will have 36 months to lay and commission the pipeline with a capacity to transport up to 60 mscmd of gas.
This is the third increase in two months
Jet fuel prices were on Thursday hiked by 3.8 per cent, the second increase in rates in as many months.
Indian Airlines beat Bharat Petroleum while Indian Oil beat Air India in the Super League stage of the Maharaja Ranjit Singh hockey tournament.
ATF price in Delhi has been raised by Rs 272.77 to Rs 42,452.02 per kilolitre, an Indian Oil official said.
IOC urged the government to cut excise duty by Rs 8 (the current revenue loss) to Rs 6.78 per litre. It also demanded a cut in state-level taxes.
Condemning moves by the government to privatise IOC, its employees unions on Wednesday threatened to go on an indefinite strike until the issue was resolved, but ruled out seeking judicial intervention on the matter.
State-owned oil firms have decided to "wait-and-watch" the international scenario and the rupee-dollar rate before deciding to cut petrol prices.
Aiming at nurturing management leaders in the energy sector, Indian Oil Corporation on Friday signed a MoU with the Indian Institute of Management, Ahmedabad
In a major relief to cash-strapped airlines, jet fuel (ATF) prices were today reduced by a massive 5 per cent, the steepest reduction in rates since February 2010.
The last week of March saw a series of new refining capacity going on stream. HPCL-Mittal Energy, Essar Oil and Mangalore Refinery & Petrochemicals (MRPL) were able to announce completion of capacity additions a couple of days before the seven-year tax holiday in this regard came to an end, on March 31.
In a major relief to cash-strapped airlines, jet fuel (ATF) prices were on Monday cut by a steep 4.3 per cent, the first reduction in rates in three-and-a-half months.
Adani is the fastest growing energy company in Asia-Pacific and the second fastest in the world
In the semi-finals, Punjab Police beat Bharat Petroleum 2-1 while BSF upset Indian Oil 4-3 via the tie-breaker.
A higher government borrowing will 'crowd-out' the private borrowing and push interest rates higher.
The crisis is not upon India immediately, as the US sanctions give a six-month breathing space for countries to act.
In Mumbai, jet fuel will cost Rs 72,830.64 per kl from tomorrow as against Rs 68,103.26 per kl at present.
IBP's strong presence in the northern markets will complement IOC's marketing strengths and therefore, on a consolidated basis, the combined entity will benefit (but in FY05, the merger is likely to affect IOC's profitability marginally). \n
Reliance Industries has regained the top slot among Indian energy companies on the Platts global list
With the government preparing to restrict the number of subsidised cooking cylinders, oil marketing companies have launched a 'transparency' portal that allows customers to keep an eye on the number of cylinders sold in their account by the dealer.
Top corporates and banks, including Bharti Airtel, Maruti Suzuki, SAIL and SBI, have paid lower advance taxes during the July-September quarter reflecting the impact of slowdown.
The increases have snapped a six fortnight trend of reduction in rates.
Petrol and diesel are among the 90-plus commodities that have been approved by the government for derivatives trading
The Mhow golfer entered the final round of the Servo Masters with a six stroke lead.
Indeed, if you look at this hypothesis with sufficiently jaundiced eyes, you will find plenty in common in the way 'Team India' conducts its affairs and the way 'Team Modi' does, argues Krishna Prasad.
IOC and other oil PSUs, Bharat Petroleum and Hindustan Petroleum are losing Rs 48 crore per day on sale of petrol, whose pricing was decontrolled by the government in June 2010.
Petrol price cut by 50 paisa a litre; diesel by 46 paisa.
Profit from its retail business jumped 77 per cent to Rs 1,923 crore and that from telecom rose by 78.3 per cent to Rs 2,665 crore.
The price of aviation turbine fuel, or jet fuel, in Delhi was hiked by Rs 1,039.1 per kilolitre, or 1.7 per cent, to Rs 62,208.18, according to Indian Oil Corp, the nation's largest oil firm.
Petrol prices will not be raised this fortnight as state-owned oil firms apparently could not get political clearance for the over Rs 2 per litre hike in rates needed to achieve parity with the imported cost on account of the weakening rupee.
India's biggest companies are public sector undertakings (PSUs) in the oil & gas sector.
According to data shared with the Lok Sabha, 19 road projects awarded after May 2014 were facing delays
State-owned Indian Oil Corp and GAIL Ltd are looking at picking up an equity stake in LNG projects in Africa to meet growing energy needs of the country, Oil Minister S Jaipal Reddy said on Friday.
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