Saturday, May 21, 2022
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These Oil PSUs join hands for upcoming dedicated ethanol plants

OMCs namely - BPCL, Indian Oil and HPCL have entered into a long-term purchase agreement (LTPA) for upcoming dedicated ethanol plants across India

11A CGD bid round: PNGRB issues LoIs to BPCL, HPCL for 2 GAs, GAIL Gas for 1 GA

Synopsis: Oil PSUs Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have bagged City Gas Distribution (CGD) licences for two geographical areas (GAs) each, while GAIL Gas Ltd has secured one area in the latest bid round conducted by the PNGRB

India achieves 10.65% ethanol blending, targets 12% by next year

Synopsis: State-run Oil Marketing Companies (OMCs) have achieved ethanol blending rate of 10.65 percent in March and are targeting 12 percent blending by Ethanol Supply Year (December-November) 2022-23

Oil & Gas PSUs are implementing over 7,500 economic projects: Rameswar Teli

The Oil and Gas PSUs and their joint ventures/subsidiaries are implementing over 7500 economic activities/projects as of March 2022

Kerala High Court restrains BPCL trade unions from taking part in March 28, 29 strike

Synopsis: The Kerala High Court has issued an interim order on March 25, restraining five trade unions of disinvestment-bound Bharat Petroleum Corporation Ltd (BPCL) from taking part in a nationwide strike on March 28 and 29 called by a joint forum of trade unions

Hikes in petrol, diesel prices expected to resume next week

Synopsis: Hikes in prices of petrol and diesel prices in India is likely to resume next week as state elections draw to a close. The prices of petrol and diesel had remained unchanged for a record 118 days in a row as state elections were slated to take place in Uttar Pradesh, Punjab and three other states

BPCL Q3 FY22: Consolidated net profit sees robust 48% rise, standalone profit down 11%

BPCL has posted a robust 48 percent rise in consolidated net profit at Rs 2,805.09 crore in Q3 of FY22, up from Rs 1,900.63 crore recorded in the corresponding quarter of FY21

BPCL to spend Rs 10,000 cr on developing 6 GAs secured under 11th CGD bid round

BPCL has bagged six geographical areas (GAs) spread across 19 districts for setting up City Gas Distribution (CGD) projects in the recently concluded 11th bid round

BPCL signs MoU with SECI, to set up 10 GW of RE capacity by 2040

BPCL has signed a memorandum of understanding (MoU) with SECI to put together a renewable energy (RE) portfolio of 10 GW by 2040

JNPT-Navi Mumbai ATF pipeline: PNGRB extends bid submission date to Feb 7, 2022

The PNGRB has once again extended the deadline for the submission of bids for the development of an ATF pipeline from JNPT to Navi Mumbai Airport

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