State-run Gail India is evaluating prospects of acquiring a stake in Mukesh Ambani-promoted Reliance Gas Transportation Infrastructure Ltd (RGTIL), chairman BC Tripathi said.
Oil India is also considering downstream investments such as setting up fertilizer and petrochemical plants in the country though a consortium of state oil firms because of availability of abundant gas
Petrol will be costlier by 30 paise per litre and diesel by 18 paise as the oil ministry has agreed to raise dealers' commission, Ajay Bansal said.
Oil ministry has accepted Reliance Industries' argument that CAG audit only financial matters of the D6 block, ending months old deadlock.
Govt is likely to revive the ailing state-run telecommunications equipment maker ITI because some of its plants are located in Congress bastions such as Rae Bareli and Allahabad
Cairn India has reported a three fold jump in its net profit at Rs 2,322.18 crore for the second quarter of current financial year because of higher output from the Rajasthan oilfield and has proposed maiden dividend to its shareholders.
The oil ministry has told the Prime Minister's Office it will set up a special cell at the Directorate General of Hydrocarbons to expeditiously resolve regulatory issues.
Petrotech Special Technical Award – 2012 for Project Management has been conferred on the project team of IOC Refineries Division.
With a view of fulfill their socio economic obligation, the PSU oil firms spent approx Rs 367.57 cr in carrying out various activities under CSR.
DGH Rajiv Nayan Choubey has favoured a system where energy explorers would sharing profits with the government from the day they start production rather than first recovering expenditures before sharing profits.
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