India has become the world’s biggest market for Russian Urals crude oil and will likely be importing even greater quantities following the opening of a new, shorter route from St Petersburg to N...

The West Bengal government will run a large number of buses on CNG, an environment-friendly fuel, transport minister Firhad Hakim said on Wednesday while inaugurating a CNG station at the Kasba bus de...

There is a possibility that the government may decide to now offer to sell only a 26 per cent stake at this stage with management control. This will limit the amount of money a bidder has to put upfro...

A memorandum of understanding was signed by the Industrial Promotion and Investment Corporation of Odisha, the investment promotion agency of the state government, and Bharat Petroleum Corporation Lim...

Bangladesh has started using the Calcutta port to import cooking gas from West Asia, opening a new chapter of co-operation between two countries. A very large gas carrier (VLGC) is now anchored a...

State-owned oil firms such as ONGC and IOC will invest over Rs 1.11 lakh crore in the next fiscal year starting April as they supplement the government’s massive spending programme to spur econo...

Vedanta Resources Ltd’s plan to set up a $10 billion fund to acquire state-owned firms has attracted interest from sovereign wealth funds and the corpus will be floated once the government invit...

Megha Engineering and Infrastructures Ltd (MEIL) walked away with 15 licences to retail CNG to automobiles and piped cooking gas to households in the latest city gas bidding round, while a joint ventu...

The Modi government may miss its ambitious disinvestment target of Rs 1.75 lakh crore for the current fiscal as the strategic sale of state-owned refiner BPCL is unlikely to be over before the end of ...

⚫Tieup is part of BPCL’s plan to create a renewable energy portfolio of 1GW by 2025 and 10GW by 2040. ⚫ Plan is to pursue opportunities in renewable energy space such as  solar, wind, e...