Moody's Investors Service warned about the record high level of borrowing of State-run refiner Indian Oil Corp and said its debt partially offset the improvement in margins of the company during October-December 2012 quarter. The company's borrowings at end-2012 increased to Rs 94,900 crore as against Rs 75,400 crore as of March 201
Author: admin (Infratructure Today)
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Moody’s raises concern on IOC’s debt level
Moody's Investors Service warned about the record high level of borrowing of State-run refiner Indian Oil Corp and said its debt partially offset the improvement in margins of the company during October-December 2012 quarter. The company's borrowings at end-2012 increased to Rs 94,900 crore as against Rs 75,400 crore as of March 201
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IOC seeks clarity before raising stake in HPL
Indian Oil Corporation (IOC), which holds nearly nine per cent stake in Haldia Petrochemicals (HPL), would decide on raising its stake once clarity emerges, RS Butola, Chairman of IOC informed. The firm is expecting clarity on the first right of refusal by another promoter, The Chatterjee Group (TCG), on the stake
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IOC seeks clarity before raising stake in HPL
Indian Oil Corporation (IOC), which holds nearly nine per cent stake in Haldia Petrochemicals (HPL), would decide on raising its stake once clarity emerges, RS Butola, Chairman of IOC informed. The firm is expecting clarity on the first right of refusal by another promoter, The Chatterjee Group (TCG), on the stake
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Niko feels improvement in business condition in India
Edward S Sampson, President and CEO of Niko Resources, the Canadian oil company said the business environment in India appears to have improved significantly as evidenced by the release of a government-appointed committee's report on domestic gas pricing. He said this in a message to shareholders. It may be noted that the firm is jointly exploring hydrocarbon with Reliance Industries in the D6 and NEC-25 blocks.
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Niko feels improvement in business condition in India
Edward S Sampson, President and CEO of Niko Resources, the Canadian oil company said the business environment in India appears to have improved significantly as evidenced by the release of a government-appointed committee's report on domestic gas pricing. He said this in a message to shareholders. It may be noted that the firm is jointly exploring hydrocarbon with Reliance Industries in the D6 and NEC-25 blocks.
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Refineries expect govt to address insurance issue
Petroleum refiners in the country are awaiting the government to solve the insurance issue of crude oil imported from Iran. The sanction imposed by western countries prohibits any firm from insuring crude oil imports from the gulf nation
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Refineries expect govt to address insurance issue
Petroleum refiners in the country are awaiting the government to solve the insurance issue of crude oil imported from Iran. The sanction imposed by western countries prohibits any firm from insuring crude oil imports from the gulf nation
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Ennore Port suggests use of land for rail link project
Ennore Port in Tamil Nadu suggested the state government to use a stretch of land for laying a rail link connecting the port to Nemilicheri, and eventually connecting the Chennai-Bangalore rail link. The 62-km ORR from Vandalur to Minjur is 125 m in width. A provision of 25 m had been made in the middle of the road for a possible railway link. Ennore Port suggested use of this space for constructing the
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Ennore Port suggests use of land for rail link project
Ennore Port in Tamil Nadu suggested the state government to use a stretch of land for laying a rail link connecting the port to Nemilicheri, and eventually connecting the Chennai-Bangalore rail link. The 62-km ORR from Vandalur to Minjur is 125 m in width. A provision of 25 m had been made in the middle of the road for a possible railway link. Ennore Port suggested use of this space for constructing the