Cabinet approves Sale of Government stake in CPSEs

On 20 Nov, the Union Cabinet approved the sale of government’s stake in Bharat Petroleum Corporation Limited (BPCL), Shipping Corporation of India (SCI) and freight-linked container corporation of India (CONCAR). The move was a major step towards privatization. Finance Minister ..

Tags: Bharat Petroleum • Bina Refinery • CNX Nifty • Container Corporation of India • Economy of India

Union Cabinet approves expansion of Numaligarh refinery in Assam

The Cabinet Committee on Economic Affairs has given its approval for the capacity expansion project of Numaligarh Refinery from 3 MMTPA (Million Metric Tonne Per Annum) to 9 MMTPA. The expansion project involves setting up a crude oil pipeline from ..

Tags: Assam • Assam Accord • Bharat Petroleum Corporation Ltd • Hydrocarbon Vision 2030 • Numaligarh

Month: Current Affairs - January, 2019

PSUs – IOCL, ONGC, GAIL, OIL, and NRL sign a joint venture agreement for executing North – East Natural Gas Pipeline Grid (N-ENGPG) in Guwahati

In a major initiative to connect all the North-East (N-E) states to the National Gas Grid, the 5 central oil PSUs – IOCL, ONGC, GAIL, OIL, and NRL – have signed a joint venture agreement for executing the North – ..

Tags: BSE SENSEX • CNX Nifty • GAIL • Guwahati • India

Numaligarh Refinery Ltd (NRL) becomes India’s first oil Public Sector Undertaking (PSU) to introduce online legal compliance “Legatrix”

The Numaligarh Refinery Ltd (NRL) in Assam has become the first oil public sector undertaking (PSU) to adopt an online legal compliance system by introducing ‘Legatrix’. The cloud-based compliance management system ‘Legatrix’ is a one-stop solution for effectively managing the ..

Tags: Assam • Compliance • Numaligarh • Numaligarh Refinery • Regulatory compliance