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ONGC raises $300 mn dollar bond for meeting its capital expenditure

The bonds will bear a coupon of 3.375% and will mature in 2029

Why railway station redevelopment projects do not attract private players

After 15 years of unsuccessfully trying to attract the private sector, the public sector seems to have taken the lead in developing the mega-programme

Only 61% households used LPG for cooking as of Dec 2018, shows NSO data

Only 48.3 per cent of the rural households used LPG, while the figures were much higher in urban areas at 86.6 per cent, according to the NSO report

Oil firms need 40% more ethanol than sugar mills' installed capacity

The gap is expected to be met by non-sugarcane sources like wheat and corn

OIL, IOC may get Numaligarh refinery as govt 'wants to keep it' with a PSU

A major reason why the government kept NRL outside the strategic sale of BPCL was its importance to the Assam Accord

Centre's strategic BPCL divestment may trigger bidding war among firms

The Centre on Wednesday decided to go for sale of its entire 53.29 per cent stake and transfer of management control in BPCL to a strategic buyer

IRFC, World Bank may fund govt's Rs 1-trn plan to upgrade railway stations

The government's plan was to redevelop at least 600 stations at an investment of Rs 1 trillion

Cabinet panel to soon take up proposal to pare majority govt stake in PSUs

BPCL will be a key to achieving the divestment target, of which only Rs 17,364 crore is met so far

Collateral damage? PSU majors stare at huge AGR bill after SC's judgment

The government has set up a committee of secretaries to look into all issues

HPCL posts modest 1.3% rise in pre-tax profit on lower refinery margins

The company's net profit saw a 3.6 per cent decline to Rs 1,052.31 crore during the July to September quarter of the financial year versus Rs 1,091.98 crore during the same period last year

Reliance Industries puts off gas bid for the second time to November 15

Sources in the company said bidders want more time to adapt to the new bidding system. Some added RIL may be facing lack of interest from potential bidders

Cairn gets 10-year PSC extension for Ravva block in Andhra Pradesh

The extension will enable Cairn and its partners to recover 13 million barrels of oil equivalent

IOC profit before tax falls 83% in Sep quarter on higher inventory losses

The company's net profit was Rs 563.42 crore, as against Rs 3,246.93 crore during the same period in 2018-19

Indian Oil to open retail outlets in Saudi Arabia in JV with Al Jeri

Based on the plans lined up by both companies, at least 200 retail outlets should be set up initially in Saudi Arabia - the first might come up within six months

Private sector players to add steam to eastern dedicated freight corridor

If public sector majors like NTPC or Coal India show any interest, the possibilities of a joint venture cannot be ruled out

Great Eastern, Essar seek Bengal govt's approval for shale plans

The development comes after the central government eased the rules on exploration of unconventional hydrocarbons

Adani, GMR in fray to commercially redevelop Chandigarh railway station

The bidding for Chandigarh is part of a Rs 1 trillion station redevelopment programme

We will soon be India's second-largest gas producer: Cairn Oil & Gas CEO

In the near term, we would like to be a 500,000-barrels-per-day company and, after that in the next four-five years, a million barrel company

Economic slowdown an opportunity for investors, says Piyush Goyal

Goyal said India is looking forward to more investments from the United States and there are no trade disputes between both the nations

ONGC, ExxonMobil tie up for oil exploration in India; plan to bid for OALP

On Monday, ExxonMobil had signed a pact with Indian Oil Corporation to expand its liquefied natural gas business initiatives in India