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  • Cairn India to pay $0.1 million if it fails to meet oil exploration commitment Dec 16, 2018 12:21 PM IST

    Cairn India to pay $0.1 million if it fails to meet oil exploration commitment

    For Cairn, the penalty for violating the terms of the bid would be a maximum of $0.1 million or Rs 71 lakh for each of the 14 blocks.

  • Indian state-run companies mull daily fuel price change: Report Apr 07, 2017 10:46 AM IST

    Indian state-run companies mull daily fuel price change: Report

    State-owned and India's biggest oil marketing company Indian Oil Corp Ltd and its two smaller peers Bharat Petroleum and Hindustan Petroleum are considering ways to roll out the plan to review petrol and diesel prices daily, executives from the firms told the daily.

  • Plans to expand Visakhapatnam, Mumbai refineries: HPCL Oct 05, 2016 01:36 PM IST

    Plans to expand Visakhapatnam, Mumbai refineries: HPCL

    The company is looking at expanding its Visakhapatnam Refinery from 8.33 million tonnes (mt) to 15 mt with a cost of Rs 20,900 crore, said Chairman and Managing Director MK Surana of HPCL.

  • Hope to clock GRMs of $5-6/ bbl in Q4: BPCL Feb 15, 2016 10:07 AM IST

    Hope to clock GRMs of $5-6/ bbl in Q4: BPCL

    P Balasubramanian, director-finance at BPCL, says the December quarter was a good one, especially on the refining side

  • Why you shouldn't blind-buy OMC stocks anymore Aug 19, 2015 12:25 PM IST

    Why you shouldn't blind-buy OMC stocks anymore

    The deregulation play coupled with the falling crude trade is now showing some signs of being overextended and investors should now become stock-selective when dealing with oil marketing company (OMC) stocks.

  • Petrol price hiked by Rs 0.64/litre; diesel cut by Rs 1.35 Jun 15, 2015 07:44 PM IST

    Petrol price hiked by Rs 0.64/litre; diesel cut by Rs 1.35

    Oil marketing companies today said they would hike the price of petrol by Rs 0.64 per litre and cut diesel prices by Rs 1.35 per litre, effective midnight June 16.

  • BPCL keen on Bina Refinery IPO next fiscal Sep 29, 2013 01:01 PM IST

    BPCL keen on Bina Refinery IPO next fiscal

    The second largest oil marketing company Bharat Petroleum Corporation Ltd (BPCL) is hopeful of taking its 6-million tonne Bina Refinery public next fiscal, its Chairman and Managing Director R K Singh has said.

  • Why will ONGC's issue not happen by first week of April? Mar 10, 2011 10:59 PM IST

    Why will ONGC's issue not happen by first week of April?

    AK Hazarika, the new Chairman of ONGC, spoke to CNBC-TV18 about the controversy surrounding the company's FPO route. "The decision on the FPO lies with the government. However, we do expect it to take place in the first quarter of FY12," he said.

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