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PETROLEUM FIRMS CAPEX
MGL rides PNG adoption wave, analysts see further upsideMahanagar Gas shares have surged on government's push for piped natural gas adoption, aiming for a 20% customer base increase. This move is...- Rs 1,600-1,700 cr a day, Rs 1 lakh cr in 10 weeks: Cost of insulating India from global energy shockState-owned oil firms are incurring massive daily losses, estimated at Rs 1,600-1,700 crore, to shield Indian consumers from global energy ...
- Govt awarded 172 oil & gas blocks in 10 years, but negligible output brings policy and execution into focusIndia's ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one...
- Capex by big CPSEs, 4 key government entities surges 62% in MarchCapital spending by these CPSEs and Railway Board, National Highways Authority of India (NHAI), Delhi Metro Rail Corporation and Damodar Va...
- By Feb-end, CPSE capex at 94% of full-yr target led by Oil cos and NHAICapital spending by major central public sector enterprises (CPSEs) and other government entities surged in the last three months, reaching...
- State-run oil and gas companies spend 1/3 of capex target till JulyState-run oil and gas companies have altogether spent ₹34,000 crore in the first four months of the current fiscal year, about a third of t...
- Fundraise by BPCL and Indian Oil to aid capex, emissions cut: FitchAnnouncements of plans to raise equity capital by Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Ltd (IOC) - should...
- After BPCL, IOC announces rights issueAs part of its energy-transition goals, BPCL is also looking to expand its renewable power generation portfolio to 1GW by 2025 and 10GW by ...
- State-run oil companies' capex to go up by 6.5% in FY22State-run oil companies have planned a combined capex of Rs 105,000 crore in FY22, up 6.5% from the current year’s target. In the first thr...
- BPCL paid up for defaulting partner Videocon to defend Brazilian JV, says CMDThe company also said it will continue to protect the Brazilian asset meaning it will continue to make more payments on behalf of the Video...
- State-run oil companies have spent just a fifth of annual capital expenditure targetOf the Rs 98,522 crore targeted for 2020-21, oil companies spent Rs 19,569 crore in the April-July period, according to official data.
- In 8 months, state oil firms use 63% of Rs 89,000 cr capex target for FY 19State refiners are spending thousands of crores in expanding capacity and upgrading their facilities to produce low-emission fuel.
- Oil PSUs spend 20% of annual capex in Q1Indian Oil Corp, the nation’s largest refiner and fossil fuel retailer, spent Rs 5,852 crore in the April-June quarter, the maximum among s...
- State oil companies' capex jumps 22 per cent in FY18India’s oil demand expanded 5.3% in 2017-18, after rising 5.4% in 2016-17 and 11.6% in 2015-16. Growth in production of refined products la...
- State-run oil companies use 90% capex on government nudgeThe government has nudged state firms to invest big and quick to boost jobs and economic growth in the country as private investment has la...
- Oil PSUs spend third of annual capex in 5 monthsBetween April and August, state oil firms spent Rs 31,000 crore against the full year target of Rs 88,000 crore.
- State oil firms use up third of planned capex in first 5 months of fiscal yearBetween April and August, state oil firms spent about Rs 31,000 crore against the full year target of Rs 88,000 crore.
- Mixed bag for India's oil firms as explorers spend less, while refiners meet Capex targetsHigher profit, lower working capital requirement and reduction in borrowings due to lower oil prices encouraged refiners to fast-track exec...
- PSU chiefs promise to meet capex plans, maintain dividendHeads of several blue-chip state- owned firms today assured Chidambaram that they will try to meet their capital expenditure plans.
- Fresh look at RIL's KG capex riseThe government has turned down the Directorate General of Hydrocarbons (DGH) recommendation to appoint US-based consultant Degolyer and Mac...
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