Sunday December 7, 2014
The government may dip into Reliance Industries Ltds incremental gas price hike revenue, accruing in a pool account, to recover its dues in the wake of the contractor failing to meet certain KG-D6 output targets.
Wednesday August 20, 2014
The Oil Ministry is considering ordering Reliance Industries to stop selling KG-D6 crude oil to its Jamnagar refinery and instead sell it to Chennai Petroleum Corp Ltd (CPCL) at lower rates.
Wednesday August 20, 2014
In a setback to the Oil Ministry, gas utility GAIL India Ltd and refiner Chennai Petroleum Corp Ltd (CPCL) have expressed their inability to deduct $115 million from the amount due to Reliance Industries to make up for the additional profit petroleum...
Monday August 18, 2014
Indian Oil Corp (IOC), the country's largest oil firm, plans to increase processing of cheaper crude oil varieties to 30 per cent by 2017-18 as part of its efforts to improve margins.
Thursday May 29, 2014
Chennai Petroleum Corp Ltd plans to shut an 80,000 barrels per day (bpd) crude unit and some secondary units for a month-long maintenance in October-December at its 210,000 bpd Manali refinery, its managing director A. S. Basu said.
Monday March 24, 2014
Indian Oil Corp (IOC) is mulling setting up a Rs 30,000 crore refinery at Mundra, Gujarat as part of a plan to increase its processing capacity to 100 million tonnes.
Thursday January 9, 2014
Shares in small cap companies HCL Infosystems Ltd, Aban Offshore Ltd and Opto Circuits (India) Ltd fell after index compiler FTSE removed them from its Global Equity Index series.
Tuesday August 13, 2013
Indian Oil Corp (IOC) will start work on its first liquefied natural gas (LNG) plant at Ennore in the east coast by the end of this year, its chairman said on Tuesday, as it sees a gradual rise in local acceptance of the costly imported fuel.
Monday August 12, 2013
The scope of work includes residual basic and detailed engineering, procurement, construction, installation among others for the sulphur block on a single point responsibility basis, the company said.
Monday August 5, 2013
EIL, one of the leading design, engineering consultancy and EPC companies of the country, secured a lumpsum turnkey contract worth over Rs 670 crore from CPCL for Residuary Upgradation Project, the company said in a statement.
Friday May 10, 2013
The Union Cabinet on Thursday approved leasing of land of Ennore Port Ltd for a Rs 4,320-crore liquid gas (LNG) import terminal being built by state-owned Indian Oil Corp (IOC). IOC plans to build a 5 million tonne a year liquefied natural gas (LNG) ...