Look at reaping the first-mover advantage by possessing lands in AP's newly-announced capital city.
The process of divestment of HPCL and BPCL, the two public-sector oil companies, would not be set in motion till the Lok Sabha has discussed the issue, Union Petroleum Minister Ram Naik said on Saturday.
The foreign acquisitions are being looked at to strengthen RIL's core businesses like petrochemicals, polymers and refinery, sources said, adding that the company has found that the economic downturn has created some right-valued acquisition opportunities.
Contraction in crude oil, natural gas, coal and electricity output led to the fall.
The Reserve Bank of India's rather sudden and unilateral decision to discontinue the Asian Clearing Union, a move that effectively stops settlements in dollars and the Euro, will most impact Mangalore Refinery, which sources 60 per cent of its crude needs from Iran.
I believe crude prices on a long-term basis will be between $40-$50 per barrel, achieved through the natural demand-supply balance and market adjustments.
The growth in May 2015 was driven by healthy output.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
An HPCL-led consortium had put the project on hold in 2009.
'The most unfortunate part is that after precipitating the crisis situation on Tuesday, the government ducked and took help from Saudi Arabia and the UAE to 'de-escalate' the situation.' 'Make no mistake, this fateful move has grave implications.' 'You don't take help from the wolf to guard the sheep, right?' says Ambassador M K Bhadrakumar.
Indian Oil Corporation, country's largest oil firm, plans to invest about Rs 190 crore (Rs 1.9 billion) in laying a pipeline from Panipat to Jalandhar to move LPG from its Panipat refinery.
Diesel prices are still under control with subsidies.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The slowdown comes a month after the six core infrastructure industries grew by 7.4 per cent in March.
IOC, the key importer of petrol, has sought almost 700,000 tonnes for March-September delivery.
An appreciating rupee, unabated buying by domestic institutional investors (DIIs) and encouraging earnings by blue-chips contributed to the uptrend
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Oil refining companies, to a large extent, benefited from high gross refining margins during FY04 as a result of firm product prices in international markets
According to data released on Monday, the six core industries grew by 6.6 per cent in December, from just 3 per cent in the previous month, signifying that industrial growth was likely to pick up in the last month of 2010, against an 18-month low of 2.7 per cent in the previous month.
UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to be announced in the new year.
An analysis of buy and sell transactions by mutual funds during May shows that the fund houses purchased stocks from sectors like power, software, housing finance and sugar, while offloading shares from banking, refineries and airlines. According to brokerage firm Sharekhan, state-run NTPC, ONGC, TCS, Essar Oil and Reliance Petroleum figure among the favourite picks by the equity funds in the month of May.
The Cabinet has approved a framework of understanding on cooperation in hydrocarbons with Bangladesh recently.
State-owned exploration firm Oil and Natural Gas Corporation will begin retailing petrol and diesel from its own petrol stations by the year end, company chairman and managing director Subir Raha said on Thursday.
Reliance Industries chairman Mukesh Ambani has said issue of bonus shares after a 12-year hiatus was just fulfilment of the company's commitment to reward shareholders after completion of important projects.
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.
Modi is believed to have signed on Ashok's appointment file before he left for Brazil to attend BRICS Summit, an oil ministry official said in New Delhi.
Reliance Industries has posted good growth in Q1 of the current financial year.
Six core infrastructure industries grew 5.1 per cent in April against 3.7 per cent in the same month last year.
Reliance Industries has since April stopped selling gasoline and gas oil to Iran in an apparent bid to escape sanctions by the US, where it is eyeing an acquisition.
Indian Oil Corporation, the country's largest oil firm on Monday reported the first ever net loss in its history and said the government freeze on fuel prices may impact its expansion plans including setting up of a new refinery at Paradip in Orissa.
Diesel makes up nearly half of fuel demand in Asia's No 3 economy.
Sri Lanka may extend its contract with Indian Oil Corporation for import of diesel and jet fuel during February-April.
The core infrastructure industries, which comprises crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel - had registered negative growth for the first time in 15 years in October 2008 and then again contracted in December. The core sector accounts for 26.7 per cent of the Index of Industrial Production and the numbers signal where the economy is headed.
IOC owns about 74 per cent in BRPL and the merger would be effective on Wednesday, the company said in a statement to the Bombay Stock Exchange. Shareholders of BRPL will get four shares of IOC for every 37 shares they held.
The six core infrastructure industries -- crude oil, petroleum refinery products, coal, electricity, cement and finished carbon steel-- had registered a growth rate of 3.6 per cent in January 2008.
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