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Indian railways stares at weak finances as staff, pension costs rise

Operating ratio has already crossed 100% in FY20, while share of internal resources in capex is down to 3.5%

ONGC to get Panna-Mukta fields from Shell, Reliance after 25 years

Production-sharing contracts for the fields will expire on Dec 21

India's ambitious oil, gas production target faces environmental roadblock

A few companies who got blocks under DSF-I are considering surrender of their blocks too as they are left with only three months to start production

Centre's ambitious oil & gas output target hits environment hurdle

Several assets under the discovered small fields rounds (DSF I & II) and open acreage licensing policy (OALP) are facing hurdles in getting clearances from environment departments

Green shoots: City gas infrastructure will drive capex, credit demand

The last of a three-part series on credit pick-up looks at how the push for city gas is creating demand for development of overall gas infrastructure

Violence threatens Assam energy economy; oil fields, gas supply impacted

Supply to refineries, chemical and fertiliser industries in the region may be affected

CAG report says discrepancies in Ujjwala scheme data; safety norms violated

The report stated that at least 859,000 connections were released to beneficiaries who were minor, according to SECC-2011 data

HPCL takes to LPG auto-booking of cylinders to fuel refill demand

Distributors say consumers reluctant to accept cylinders not booked by them

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