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Shell denies charges of miscalculation of share price

Shell denies charges of miscalculation of share price

Shell India denied charges leveled by the union government against the company on tax evasion and said it is evaluating all options to challenge the recent order of the government. Recently, the central tax authorities issued a notice to the firm claiming Rs $2.7 bn on alleged mispricing of share

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Oil India to set up 2.5 mnt LNG terminal

Oil India to set up 2.5 mnt LNG terminal

Oil India (OIL) plans to make a footprint in the imported gas segment and as part of this it considers to set up a 2.5-million tonne (mn t) capacity LNG regassification terminal. The company has reportedly appointed Foster Wheeler AG as consultant to prepare a project report for the foray into imported gas.

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Oil India to set up 2.5 mnt LNG terminal

Oil India to set up 2.5 mnt LNG terminal

Oil India (OIL) plans to make a footprint in the imported gas segment and as part of this it considers to set up a 2.5-million tonne (mn t) capacity LNG regassification terminal. The company has reportedly appointed Foster Wheeler AG as consultant to prepare a project report for the foray into imported gas.