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  • Oil India hopeful that subsidy concerns will get addressed

    According to TK Ananth Kumar, the company has taken up the issue that this kind of burden on upstream companies will not be sustainable with the government and also with Kirit Parikh, who is heading the oil committee.

  • Oil India to raise upto $900 mn debt to fund Mozambique buy

    OIL is already "gearing up" for meeting the formalities around the fund raising - which would be through loans or issue of bonds - as it has to pay Videocon, from whom it is jointly acquiring 10 percent interest in the giant gas field in Rovuma Area 1 offshore block, by September or October

  • OIL to tap overseas mkts to fund Mozambique block buy

    Oil India plans to raise 80-90 percent of $1 billion through overseas debt

  • Every $1 gas price hike to boost rev by Rs 400cr: Oil India

    TK Ananth Kumar, director-finance, Oil India said, "Every one dollar hike will translate to over Rs 400 crore growth in topline.” He also said that the hike will lead to higher investment in exploration activities of the company."

  • Gas pricing dilemma: Will government bite the bullet?

    The CCEA on Thursday will take a call on a new gas price formula, one that hikes gas prices to USD6.77/mmbtu from the current USD 4.2/mmbtu.

  • Revision in gas price hike to boost investment: Oil India

    Oil exploration companies like Oil India are looking forward for govt nod to hike price from the current 4.2/mmBtu.

  • Gas-price policy soon; 2 buys in advanced stages: Oil India

    TK Ananth Kumar, CFO, Oil India says that there have been talks regarding the increase in gas prices for quite some time and the FM indicated that the gas-pricing policy would be finalised soon.

  • Not looking at fresh equity issue in near-term: Oil India

    T K Ananth Kumar, Director - Finance, Oil India in an interview to CNBC-TV18, said overall the OFS saw a good participation from all segments. It was 2.6 times over subscribed, so it can be called an overall success, he added.

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