ONGC To Acquire Controlling Stake In OPaL, Edge Out GAIL

The state-owned Oil and Natural Gas Corporation (ONGC) has unveiled a significant financial restructuring plan for its subsidiary, ONGC Petro-additions Ltd (OPaL), involving an infusion of approximately Rs 15,000 crore. The move is poised to reshape the ownership structure, resulting in gas utility GAIL (India) Ltd being edged out of the petrochemical firm. Presently, ONGC […]

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Companies News

BPCL To Invest $18.16 Bn Over Next Five Years

Bharat Petroleum Corp (BPCL) revealed plans to invest USD 18.16 billion over the next five years to expand its oil business and bolster its renewable energy portfolio. The announcement was made by Chairman G Krishnakumar during the company’s annual shareholders meeting on Monday. India, being the world’s third-largest emitter of greenhouse gases, has witnessed a […]

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