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Tag "oil psu"

OMCs may see earnings erode in Q3 FY21

OMCs may see earnings erode in Q3 FY21

🕔08:52, 11.Jan 2021

New Delhi, Jan 9 (IANS) After having a good run in most parts of the Covid-19 affected year, oil marketing companies may see an squeeze in their earnings in the October-December quarter of 2020-21 financial year. OMC have had a good

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Revenue constrained govt may push oil PSUs short on FY21 capex to pay higher dividend

Revenue constrained govt may push oil PSUs short on FY21 capex to pay higher dividend

🕔14:47, 24.Dec 2020

New Delhi, Dec 24 Oil sector public sector undertakings (PSUs) may have to bear a larger share of additional dividend payment to the government this year with almost all companies falling behind on their capex plan for the current fiscal.

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Soft oil prices shoot up OMC margins even in depressed market

Soft oil prices shoot up OMC margins even in depressed market

🕔14:01, 13.Oct 2020

New Delhi, Oct 13 Soft global oil prices on Covid-19 related demand concerns has brought cheers to the Indian oil refining companies as the demand recovery in the domestic market is shooting up auto fuel marketing margins to record high

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Consolidation in public sector oil firms back on table

Consolidation in public sector oil firms back on table

🕔14:41, 18.May 2020

New Delhi, May 18 Government may revive plan for further consolidation in the public sector oil companies by allowing mergers between producing, marketing gas transportation and consultancy companies leaving just few large integrated entities in operation. The expected move is

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IndianOil tweaks work rules for health, safety and business continuity

IndianOil tweaks work rules for health, safety and business continuity

🕔15:16, 8.Apr 2020

New Delhi, April 8, 2020: While the frontline COVID-19 fighters such as doctors, nurses, paramedical staff, and state administration services are engaged in a pitched battle with the virus, there are many more unsung heroes who are doing an equally commendable

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3 PSUs to open 5,125 new petrol bunks in TN, Puducherry

3 PSUs to open 5,125 new petrol bunks in TN, Puducherry

🕔20:39, 25.Nov 2018

Chennai, Nov 25 (IANS) Three public sector oil marketing companies have decided to expand their retail network by adding about 5,125 new outlets in Tamil Nadu and Puducherry over the next two years, a senior official of the Indian Oil Corporation

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PSU oil firms to expand retail presence in Tamil Nadu, add over 5,000 outlets

PSU oil firms to expand retail presence in Tamil Nadu, add over 5,000 outlets

🕔20:36, 25.Nov 2018

Chennai, Nov 25 (IANS) As part of their retail network expansion plan, India’s three state-run oil-marketing companies would open 5,125 petrol bunks in Tamil Nadu over the next two years, said a senior official of Indian Oil Corporation (IOC) on Sunday.

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Daily pan-India fuel pricing from Friday, dealers won’t strike

Daily pan-India fuel pricing from Friday, dealers won’t strike

🕔00:36, 15.Jun 2017

New Delhi, June 14 (IANS) The hurdles have been cleared for India to switch over from Friday to the daily pricing mode for transport fuels in line with global rates as petroleum dealers have withdrawn their call for closure of vends

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Oil India Limited bags awards at World HRD Congress, Mumbai

Oil India Limited bags awards at World HRD Congress, Mumbai

🕔07:26, 1.Mar 2017

Mumbai, Feb 28 Oil India Limited (OIL), India’s second largest National Exploration & Production Company, wonawards under various categories at the recently concluded World HRD Congress at Hotel TajLands’ End, Mumbai from 15th – 17th February, 2017 namelyGlobal HR Excellence

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Oil firms’ merger will create multiple entities — also problems

Oil firms’ merger will create multiple entities — also problems

🕔09:03, 6.Feb 2017

New Delhi, Feb 5 (IANS) Petroleum Minister Dharmendra Pradhan has clarified that Budget 2017-18’s bare announcement of the government intent to merge state-run oil companies into a single entity will actually mean creation of multiple entities. The proposal, though welcomed by

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