ICICI, HDFC plan to sell 50% stake in Prize Petro

ICICI Bank and HDFC Bank plan to sell their 50 per cent stake in state-owned Hindustan Petroleum Corporation Ltd's oil exploration firm, Prize Petroleum Co Ltd to a strategic investor, a company......

OIL qualifies for Libyan auction

The country's second-largest government-owned oil and gas exploration company Oil India has qualified as a non-operator in the latest round of oil blocks auction in Libya. OIL and its......

OIL plans IPO to raise Rs 1474 cr

The Oil India Limited (OIL) has decided to offer initial public offering to raise around Rs 1,474 crore (Rs 14.74 billion) for its expansion plans in its Golden Jubilee year. OIL Chairman and......

OIL's financial plans

Public sector oil & gas company Oil India Ltd on Friday said that it has initiated plan outlay of about Rs 4,500 crore (Rs 45 billion) over the next two years in development and expansion......