Sale of Hindustan Zinc stake

The Union Cabinet Committee on Economic Affairs (CCEA) has approved the sale of the government’s remaining stake of 29.5% in Hindustan Zinc Limited (HZL). At the current market price, the sale of the government’s 29.5% stake will fetch the government ..



India Russia sign first ever Term Contract to import crude oil to India

On February 5, 2020, the Minister of Petroleum and Natural Gas Shri Dharmendra Pradhan and the Chairman of Rosneft (Russia’s largest oil producing company) signed the first ever term contract. According to the contract India will import 2 million metric ..


GoI misses its disinvestment target

Government of India misses its disinvestment target as the plan to sell Bharat Petroleum Corporation Limited (BPCL), Air India and Container Corporation of India has not been succeeded. Highlights The Government had planned to sell 53.3% of BPCL, 31% of ..


BPCL’s LPG bottling plant inaugurated in Odisha

The Bharat Petroleum Corporation Limited (BPCL) has set up the new state-of-the-art LPG Bottling Plant at Village Barkani in Bolangir district of Odisha. The LPG bottling plant with an annual capacity of filling 42 lakh cylinders has been developed by ..


BPCL to construct new floating terminal for FLNG

India’s second-biggest public sector oil refining and hydrocarbon marketing company, the Bharat Petroleum Corporation Limited (BPCL), is investing heavily in the development of the gas business. BPCL anticipates that the energy consumption of India will undergo a major change as ..

MoU for sale of FASTag

A memorandum of understanding (MoU) has been signed between Indian Highways Management Company Limited (IMHCL) and leading Oil Marketing Companies (OMCs) like BPCL, HPCL and IOCL for sale of FASTags through their petrol pumps. FASTag FASTag is an electronic toll collection system ..