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PETROL STATION ACQUISITION
India's Essar's EET Retail to acquire UK forecourt operator SGN for 400 mn poundsEssar Energy Transition's retail arm is acquiring SGN Retail for approximately 400 million pounds. This deal adds 118 sites, creating a 235...- EV-related stocks: Own the chain, not the guess; 13 stocks with upside potential of up to 28% and downside risk of -14%, according to analystsIn the stock market, when a big theme or sectoral trend takes off, most investors focus on the face of it. A brand with which they can rela...
- YatriKart opens first Delhi-NCR store, targets 50 stores in 50 daysYatriKart has launched its first store in Delhi NCR and plans fifty more. The company aims to open these new stores within the next fifty d...
- Delhi EV sales plummet after road tax waiver withdrawal, prices jump 10%Electric vehicle sales in Delhi have nearly halted after the state government withdrew a road tax waiver on EVs, causing prices to rise by ...
- Strong hybrids rev up to fly past EVs in green race as car sales make a pit stopStrong hybrid vehicle sales grew 62.5% in the June quarter, driven by the Uttar Pradesh govt's incentives. In contrast, electric vehicle sa...
- BPCL to invest Rs 1.7 lakh cr in core, new energy businessBPCL, which owns three refineries that convert crude oil extracted from below earth's surface into fuels like petrol and diesel, plans to e...
- CNG-powered vehicles increase share in car sales to 10%Lower cost of operation compared to cars run on diesel and petrol, new launches, and higher cash incentives are powering the rising demand ...
- British supermarket chain Asda signs £600M deal with The Co-op for 132 Store SitesAsda will acquire 132 stores—129 petrol station forecourts and 3 development sites—for £600 million. The deal amount includes the £162 mill...
- Mumbai-Ahmedabad bullet train project gets clearance from Maha govtThe 508-km Mumbai-Ahmedabad high-speed corridor is being built at an estimated cost of Rs 1.1 trillion and will have 12 stations in Maharas...
- BPCL to invest Rs 1 lakh cr to become future-readyIt is targeting to convert 7,000 out of over 19,000 petrol pumps into energy stations in the medium to long term by offering multiple fueli...
- BPCL privatisation: Bid closes on Monday, all eyes on RelianceThe government, which is selling its entire 52.98 per cent stake in India's second largest oil refining and marketing company, had on four ...
- Total and Adani group to apply for petrol pump licence in IndiaTotal-Adani Fuels Marketing Ltd will apply for licences to offer the full bouquet of auto fuels at retail outlets, Adani Gas CEO Suresh Man...
- Sales of CNG cars expected to grow in double-digits in FY21 despite decline in PVsMaruti Suzuki, the country’s largest carmaker, expects sales of CNG vehicles to grow 36 per cent to 144,000 units in FY21. The company has ...
- Coronavirus takes toll on global M&A as $1 bn deals disappearFor the first time since September 2004, no merger and acquisition deal worth more than $1 billion was announced worldwide last week, accor...
- Russia's Rosneft keen to bid for BPCLRussia's largest oil producer Rosneft is keen to bid for acquisition of BPCL, sources said.
- Gadkari urges industry to cash in on new expressway projectsThe minister said that projects specially about Rs 1 lakh crore Delhi-Mumbai express highway can offer instant right of way to players inte...
- Essar Oil UK Group acquires BP's pipeline, terminal linked to Stanlow refineryEssar Oil UK has acquired 11.5% stake in UKOP pipeline, 45% stake in Kingsbury Terminal and the entire 100% stake in Northampton Terminal.
- E-vehicles charging stations need no licenceThe power ministry has categorised charging batteries of EVs as a service- a move which will help such stations operate without a licence a...
- HPCL drops as govt's looking to sell its entire stake to ONGCThe government owns 51.11 per cent in HPCL. Sale of entire HPCL stake could fetch about Rs 28,000 crore.
- Dealer pressure fuels Essar's retail revivalEssar Oil is set to reopen its 300 odd closed petrol pumps and commission about 400 new pumps all over the country.
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