IOC, GAIL, ONGC Fined for Fourth Straight Quarter For Failure To Appoint Directors
The companies were slapped a fine of Rs 5,42,800 each for the third quarter (October-December 2023).
May 26, 2024, 13:09 PM IST
MRPL makes its first US oil purchase
MRPL bought a 1 million-barrel cargo for a Feb. 1-10 delivery.
Dec 01, 2017, 16:10 PM IST
India receives 1st parcel of Iranian oil for strategic storage
India has imported the first parcel of Iranian oil to partly fill the underground strategic oil storage it has built at Mangalore.
Oct 12, 2016, 21:04 PM IST
MRPL hopeful of resolving opposition to land acquisition
Vishwesha Tirtha Swami of Pejawar Mutt is opposing the government providing 1,050 acres of land for the expansion of MRPL, contending that the farmers of the region were totally against the land acquisition.
May 13, 2016, 01:44 AM IST
Iran asks India to clear dues worth $6 bn in euros within six months
With US lifting sanctions, Iran has told Indian authorities that the three-year old mechanism, paying 45 percent of oil import bill in rupees and keeping the remaining 55 percent pending for payment channels to clear, has come to an end.
Feb 07, 2016, 18:31 PM IST
India to pay another $700 mn to Iran on Oct 12
India will pay the second tranche of USD 700 million to Iran to clear part of past oil dues on Oct 12 since the dilution of trade sanctions by the US and five other world powers in July. In an accord, Iran had agreed to restrict its nuclear programme in exchange of easing of sanctions, which had crippled its oil economy.
Oct 04, 2015, 11:04 AM IST
RIL to restart petrol pump network by March next year
"Reliance plans to re-commission the entire network of 1,400 outlets by the end of FY 2015-16. As on March 31, 2015, over 300 outlets are operational," the company said in its latest annual report.
May 24, 2015, 11:48 AM IST
Mangalore Refinery eyes OMPL's $1 bn petchem plant
The board of Mangalore Refinery and Petrochemicals Ltd (MRPL) on Thursday set up a committee of directors to explore the possibility of taking over a USD 1 billion petrochemical plant adjacent to its refinery.
Apr 09, 2015, 20:14 PM IST
India makes another $400 mn payment to Iran
Mangalore Refinery and Petrochemicals Ltd, the nation's largest buyer in the public sector, paid USD 154 million (about Rs 950 crore), while private sector Essar Oil paid about USD 201 million, industry sources said.
Nov 20, 2014, 15:07 PM IST
