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...

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...

⚫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...

State-owned fuel retailing firms have received an “overwhelming” response to the tender they floated for buying ethanol for mixing in petrol, a government statement said on Saturday. &ldq...

Bharat Petroleum Corporation Ltd has tied up with the Noida-based fuel delivery start-up M Fuel Kart Pvt Ltd (Mobile Fuel Kart) for doorstep diesel delivery. The start-up will cater to hospitals, mal...

Bharat Petroleum Corporation Ltd (BPCL) on Friday said no decision has yet been taken to sell its stake in Petronet LNG and Indraprastha Gas to help the company’s prospective owner avoid making ...

The government on Thursday permitted 100 per cent foreign investment under the automatic route in oil and gas PSUs which have received in-principle approval for strategic disinvestment.    ...