oil companies

Budget: Govt puts off equity infusion in state oil companies to next fiscal

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Budget: Govt puts off equity infusion in state oil companies to next fiscal

The government has pushed its plan to infuse equity into Indian Oil, Bharat Petroleum, and Hindustan Petroleum to the next fiscal year and slashed the proposed amount by half to ₹15,000 crore, according to the budget document. This means the planned rights issue by Indian Oil and BPCL will be deferred to the next fiscal … Read more

oil companies: At Rs 65,000 cr, oil PSUs roll out 62% of FY24 capex target during Apr-Oct

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oil companies: At Rs 65,000 cr, oil PSUs roll out 62% of FY24 capex target during Apr-Oct

New Delhi: State-run oil companies in India have spent ₹65,000 crore on capital expenditure during the first seven months of this financial year, underscoring their rapid expansion to meet surging demand for energy in one of the world’s fastest-growing economies. These companies had set a capex target of ₹106,000 crore for the year through March … Read more