IOC is already in market to raise $900 million through a bonds issue and is raising an equivalent sum through a syndicated loan for meeting its working capital requirements
3 min read17 Jan 2019Citigroup downgraded Bharat Petroleum Corp Ltd, Hindustan Petroleum Corp Ltd and Indian Oil Corp Ltd to sell, while Goldman Sachs lowered the first two companies to sell
1 min read5 Oct 2018HPCL plans to invest 75,000 crore over the next five years across its business segments to grow and expand, says M. K. Surana, chairman and managing director
2 min read30 Aug 2018RIL has 10 petcoke gasifiers of which four are already in the ramp-up phase, and the remaining six are likely to be commissioned in fourth quarter of this fiscal
2 min read9 Aug 2018Indian Oil Corp., Bharat Petroleum Corp. Ltd and Hindustan Petroleum Corp. Ltd will raise more capital to sustain high dividend payments and capital spending this fiscal, says Moody's
2 min read19 Sep 2017A merger of HPCL with ONGC would have been a neat structure, combining both businesses with the full benefits of integration available to claim
3 min read21 Jul 2017The benchmark Singapore complex GRM averaged higher at $8 per barrel in the December quarter, compared with $6.3 a barrel in the September quarter
1 min read11 Jan 2016Move comes before assembly elections in Maharashtra, Haryana, Jammu and Kashmir, Delhi and Jharkhand slated to happen later this year
2 min read25 Jul 2014The monthly increases will continue till losses on diesel are wiped out, says oil ministry official
2 min read29 May 2014Move comes in the wake of a tough new US condition imposed on funding such purchases
2 min read12 Feb 2013The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared