Last Updated: Tuesday, February 25, 2014, 19:16
The board of state-owned Oil India Ltd (OIL) has approved the acquisition of a 5 percent stake in Indian Oil Corp (IOC) from the government at a discount to the market price.
Last Updated: Wednesday, February 12, 2014, 21:59
State-owned Oil India Ltd (OIL) on Wednesday reported a 4 percent drop in the December quarter profit after output fell and fuel subsidy outgo surged.
Last Updated: Tuesday, January 28, 2014, 14:09
The government has ordered Oil and Natural Gas Corp (ONGC) to pay a near-record Rs 13,764 crore as fuel subsidy for the December quarter, a move that will dent the firm's profitability.
Last Updated: Wednesday, January 15, 2014, 21:46
After securing almost a third of a giant gas field in Mozambique, India Wednesday pitched for buying most of the natural gas from the project to feed its starving power plants back home.
Last Updated: Tuesday, January 07, 2014, 16:33
State-owned Oil and Natural Gas Corp and Oil India Ltd Tuesday paid USD 2.475 billion to Videocon Group for acquiring 10 percent stake in a giant gas field off Mozambique.
Last Updated: Sunday, December 29, 2013, 16:02
According to company sources, a detailed project report (DPR) will be prepared after the study in two districts of Assam where Oil India Ltd (OIL) has significant presence.
Last Updated: Tuesday, July 02, 2013, 21:01
Oil India Ltd Tuesday said it has incurred a loss of around Rs 200 crore in 2012-13 due to hostile working environment in Assam like bandhs, threat to staff and obstruction for not meeting local bodies' demands.
Last Updated: Friday, May 17, 2013, 17:42
Oil India Ltd (OIL) has demanded a revision in price for natural gas for state-owned firms alongside the planned hike in rates for private players like Reliance Industries, saying that the current margins are small.
Last Updated: Sunday, April 14, 2013, 16:03
The project, which comprises of 27 wind turbine generator (WTG) units of 2,000 kilo-watt each, is located at Dangri in Jaisalmer district, the company said in a statement.
Last Updated: Thursday, March 14, 2013, 20:40
State-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) Thursday made a joint bid to acquire up to 20 percent stake in a gaint Mozambique gas field.
Last Updated: Thursday, March 07, 2013, 15:29
OIL, which had paid a total dividend of 190 percent in 2011-12, in January declared an interim dividend of 110 percent for the current fiscal.
Last Updated: Tuesday, February 12, 2013, 20:39
State-owned Oil India Ltd on Tuesday reported an over 7 percent drop in its third quarter net profit on higher fuel subsidy.
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