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Petroleum Sector Latest News

Chinese firm gets key contract for revival of Talcher Fertilizers

Talcher Fertilizers has awarded a contract that is being hailed as a milestone in the revival of Talcher unit of FCIL to a Chinese company

GAIL posts net profit of Rs 1,288 cr in Q1 FY20

GAIL registered a 15 percent increase in Profit after Tax (PAT) in Q1 FY20, as against the last quarter of FY 2018-19

Dr Ashutosh Karnatak is the new CMD, GAIL

Dr Ashutosh Karnatak assumed charge as CMD of GAIL (India) Limited on 1st August 2019. Dr. Karnatak carries a rich experience of over 37 years in the hydrocarbon sector and is also concurrently serving as Director (Projects) since March, 2014

Govt mulling new rules that will change the face of city gas distribution

The PNGRB is now thinking of opening up the gas distribution sector to new businesses in order to bring in competition

Is GAIL going under the knife?

Sources said that the pipeline business could be spun off into a separate entity, where the government may divest a majority stake to a strategic investor

GAIL’s CMD flags off ‘Hawa Badle Hum’ campaign

A squad of specially designed auto rickshaws fitted with live pollution meters will ply on the roads of Delhi NCR under this initiative

PNGRB lowers tariff for KG Basin pipeline network by 64%

The tariff finalised by the PNGRB is not just lower than the previous tariff, but is also 66 percent lower than what GAIL had proposed

Govt wants to make the PSU sector leaner. So, what exactly is it planning to do?

According to sources, the government has been planning to bifurcate GAIL’s transportation and marketing arms and merge three power generation companies

In FY19, GAIL posts highest-ever profit in 3 decades

GAIL (India) Limited recorded its highest ever profit after tax (PAT) of Rs 6,026 crore for financial year 2018-19 in over three decades

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