Kolkata Port Trust (KPT) is making efforts to diversify HaldiaÂ’s cargo mix and attract larger volumes of existing cargoes. The port trust intends to diversify the cargo at Haldia because the latter lost over 10 million tonne (mn t) of
Tag: Indian Oil Corporation
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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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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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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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Govt may offload stake in IOC next fiscal year
Media reports suggest that government may offload some of its equity holding in Indian Oil Corporation (IOC) in 2013-14. Government held 78.92 per cent stake in the public sector undertaking as on December 31. The government planned to launch a follow-on public offering for Engineers India also after April, reports indicate
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Govt may offload stake in IOC next fiscal year
Media reports suggest that government may offload some of its equity holding in Indian Oil Corporation (IOC) in 2013-14. Government held 78.92 per cent stake in the public sector undertaking as on December 31. The government planned to launch a follow-on public offering for Engineers India also after April, reports indicate
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Disinvestment secy expects Rs 270 bn from stake sale in FY13
Union Disinvestment Secretary Ravi Mathur informed reporters that the government may manage to mop up Rs 27,000 crore by offloading stakes in state-run firms in 2012-13. It may be recalled that the central government earlier set a target to raise Rs 30,000 crore through disinv
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IOC stake sale
The government may restart the process of divesting its stake in Indian Oil Corporation following the considerable rise in the share price of oil companies in recent trading sessions. In 2010, the government deferred its plan to offload 10 percent (of its 78.92 percent) stake in Indian Oil because of poor market condition.
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Demand for auto gas rises in recent months
Reports suggest that demand for auto gas or auto liquefied petroleum gas (LPG) has risen in the last few months. Oil Marketing Companies (OMCs) say the upswing in auto LPG growth augurs well for both the consumers and oil companies. OMCs attribute the rise in demand for auto gas to the governmentÂ’s decision to cap the number of subsidised LPG cylinders per