Speaking at the curtain raiser event for the 30th CII Partnership Summit, Andhra Pradesh Chief Minister N Chandrababu Naidu said Google will be building its biggest data centre after the US in Vishakhapatnam.
Multiple brokerages see clarity on pricing reform in crude oil and LPG under-recovery compensation as key positives
Brokerages were mixed on their outlook for OMCs: while CLSA flagged geopolitical risks from Russian oil, JPMorgan is cautious on the policy front.
The agreement also serves a strategic purpose as it aligns with the government's push toward a gas-based economy and clean energy access in the North-eastern region.
The refiners had halted purchases in July due to narrowed discounts
Motilal Oswal recommended Neutral rating on BPCL with a target price of Rs 310 in its research report dated August 15, 2025.
Bharat Petroleum Corporation Limited (BPCL) and Oil and Natural Gas Corporation Limited (ONGC) are currently working on DFRs of their respective upcoming refineries in India.
Brokerages were positive on the Centre's compensation of Rs 30,000 crore to oil marketing companies for LPG under-recoveries.
Compensation plan for OMCs for under-recoveries in LPG is in its final stages; to be funded via excise duty hike kitty
After the breakdown, the administration arranged new vehicles from Indore and also sealed the petrol pump.
State-run Oil and Natural Gas Corporation, which is currently working on the detailed feasibility report, is in talks with Saudi Arabia for a joint venture company to establish the greenfield refinery in Gujarat.
Crude prices extended their fall the ceasefire between Israel and Iran stood firm, leading to shares of domestic OMCs to rally.
A government draft on emission reduction target has for the first time mandated to reduce greenhouse gas emissions by oil PSUs like IOC, BPCL, HPCL, GAIL and ONGC, along with private sector refineries.
Crude oil prices also found support from the Iranian parliament approval of a proposal to close the Strait of Hormuz, one of the world’s most critical oil shipping routes,
The government may partially compensate the oil marketing companies (OMCs) for the losses incurred by them on sale of LPG cylinders or might even entirely decline the request, sources told Moneycontrol.
OMCs such as HPCL and BPCL can see heavy selling pressure amid escalating tensions in the Middle East, as concerns of oil supply weigh on stock prices.
OMCs such as HPCL and BPCL saw heavy selling pressure during the previous session amid escalating tensions in the Middle East.
The joint proposal could be valued at as much as $600 million, and will require delivery to start by 2028
State-run BPCL said the company’s supply chain operations remain robust with its fuel stations having sufficient supply of petrol, diesel, compressed natural gas (CNG) and LPG cylinders.
Motilal Oswal recommended Neutral rating on BPCL with a target price of Rs 300 in its research report dated May 03, 2025.
Emkay Global Financial is bullish on BPCL has recommended buy rating on the stock with a target price of Rs 400 in its research report dated May 03, 2025.
ADNOC, through its trading units, has agreed to supply some U.S. LPG cargoes to India refiners under the annual contracts from June-July, said sources.
BPCL Q4 results: Revenue falls 4% to Rs 1.27 lakh crore
Oil marketing companies may see improved margins as global crude oil prices soften to the $60–$65 per barrel range, compared to current inventories averaging $75.