Fitch Ratings revises outlook on IOC, BPCL,GAIL, NTPC, PowerGrid, OIL to negative
The rating action follows the revision of the Outlook on India’s ‘BBB-’sovereign rating to Negative from Stable on June 18, Fitch Ratings said Fitch revised the.......
HPCL net profit plunges 99% in Q4 of FY2019-20
For the full financial year 2019-20, HPCL recorded net profit Rs 2,637 crore, a drop of 56.3 percent from Rs 6,029 crore for the previous year Gross sales for FY2019-20 was Rs 2,86,250.......
BPCL to operate refineries at 70% capacity by month-end, HPCL to follow suit
HPCL is already operating its Visakh refinery at 100 percent and its Mumbai refinery at 80 percent BPCL has scaled up crude processing to 58 percent now New Delhi: With the.......
Fitch: Higher risk to standalone profiles of OMCs in FY21
We expect the net leverage of the three companies to weaken over the financial year ended March 2020 (FY20) and FY21, said Fitch We expect the three companies’ leverage in FY21 to.......
Disinvestment: Will private sector implement Ujjwala, PSU employees ask PM
New Delhi: In a letter addressed to Prime Minister Narendra Modi, an association representing PSU employees in oil and gas sector have raised a pertinent point: Wouldn’t disinvestment affect.......
This letter shows the ONGC HPCL ownership tussle is still not over
New Delhi: After a rap on the knuckles from the Securities and Exchange Board of India (SEBI), HPCL had relented in August and re-filed the shareholding pattern of the company, listing Oil and.......
HPCL complies with SEBI order, lists ONGC as a promoter
New Delhi: State-run Hindustan Petroleum Corporation Ltd (HPCL) has finally fallen in line with market regulator Securities and Exchange Board of India’s (SEBI) order and re-filed the.......
With this, govt has settled the ownership tussle between ONGC and HPCL. Know how
New Delhi: After refusing to recognise Oil & Natural Gas Corporation (ONGC) as its promoter for 15 months since the deal took place, Hindustan Petroleum Corp Ltd (HPCL) has finally been given an.......
Refiners put Iran oil orders for May on hold as India awaits word from US
New Delhi: As India awaits clarity on whether the United States is going to extend the waiver granted to the country or not, Indian refiners are holding their May orders for Iranian oil, sources have.......
Do you have startups? These PSUs are looking for you
New Delhi: In order to give an impetus to innovative ideas, a group of 10 oil and gas PSUs, including ONGC, OIL, GAIL, IOCL, HPCL, BPCL, MRPL, EIL, NRL, and Balmer Lawrie, have come together to give.......
Did you apply for mega petrol pump dealership offer? You’ll have to wait
New Delhi: The procedure to appoint dealers for around 50,000 petrol pumps have been halted by state-run oil companies after the recent announcement of the election schedule, sources said........
Govt directs HPCL to acknowledge ONGC as promoter
New Delhi: State-refiner Hindustan Petroleum Corp Ltd (HPCL) has been asked by the government to identify Oil and Natural Gas Corp (ONGC) in regulatory filings to end the.......
Govt could close formalities of just two sick PSUs since 2014
New Delhi: The Modi government has completed the closure formalities of just two of 19 terminally sick central public sector enterprises (CPSEs) that have been permitted for closure since the.......
IOC, HPCL, BPCL to set up 60 LPG bottling plants under PPP mode
New Delhi: Three state-owned oil marketing companies (OMCs) — Indian Oil Corporation Ltd (IOC), Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Limited (BPCL) —.......
Govt eyeing Rs 8,000 cr through CPSE ETF
New Delhi: The government is looking to raise Rs 8,000 crores through the fourth tranche of the Central Public Sector Enterprises (CPSE) Exchange Traded Fund (ETF) by the end of this month, a source.......
