More than four lakh applications have come in for 78,500 dealerships that staterun oil companies are seeking to appoint across the country, a sign that Indian entrepreneurs still love the the idea of running filling stations, a business that offers sustained cash flow at little risk.
Category: The Economic Times
Economictimes
India is world’s second largest LPG consumer and importer
The government, he said, has taken a number of initiatives to promote usage of LPG across the country especially in rural households which otherwise depend on traditional fuels that are hazardous to health and polluting in nature.
GAIL terminates contracts with crisis-ridden IL&FS
GailNSE -0.68 % (India) Ltd has terminated pipe laying contracts to financially-troubled IL&FS and awarded these to new contractors to speed up construction of the Prime Minister’s pet pipeline project that would take natural gas to much of eastern India via his constituency Varanasi
Essar Oil UK Group acquires BP’s pipeline, terminal linked to Stanlow refinery
Essar OilNSE -0.04 % UK has acquired BP’s stake in the pipeline and terminal assets connected to Stanlow Refinery to boost outbound logistics and enter new markets in the British Midlands.
BIAL inaugurates 3.35 MW rooftop solar power plant
Bengaluru: Bangalore International Airport Limited (BIAL) – operator of the Kempegowda International Airport — on Wednesday inaugurated its rooftop solar power project. This solar plant will generate 3.35 MW of power
IL&FS resolution plan categorises units into three, could repay Rs 7,000 crore or more
InfrastructureNSE 0.34 % Leasing & Financial ServicesNSE 0.54 % (IL&FS) proposed a resolution plan to the National Company Law Appellate Tribunal (NCLAT) on Monday that involves splitting group companies into three categories based on solvency and cash flow over the next 12 months
Oil ticks higher, market eyes US State of the Union address
SYDNEY: OilNSE -0.03 % prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the
GAIL reports 33% YoY jump in Q3 profit at Rs 1,681 crore, announces Rs 6.25 dividend
NEW DELHI: India’s largest state-owned natural gas processing and distribution company GAIL on Tuesday reported a 33.20 per cent year-on-year (YoY) rise in profit at Rs 1,681.23 crore
GAIL gets the better of costs: Q3 takeaways
GAILNSE 0.14 % on Tuesday came out with better-than-expected financial results for the quarter ended December 2018
Torrent Power Q3 profit rises 16% to Rs 238 crore
New Delhi: Torrent Power posted a 15.63 per cent jump in consolidated net profit to Rs 238.19 crore in the December 2018 quarter.
Ahead of Q3 earnings, HPCL extends losing streak
NEW DELHI: Shares of Hindustan Petroleum Corporation (HPCLNSE 1.47 %) traded in negative territory in Tuesday’s session, ahead of its December
GAIL profit likely to fall sequentially; trades in red
NEW DELHI: State-run GAIL is expected to report a tepid set of numbers in December quarter results on a sequential basis. GAIL has been hurt by lower contribution from its gas marketing segment in the wake of adverse economics