Pushp Joshi News Today

The Red Sea shipping route is used for 30% of Indias imports and 50% of exports. Oil imports from Russia usually take this route. The Red Sea situation affects the global trade including that of India but the effects havent risen to a level that they become a cause of worry, Puri said.

The marathon, flagged off from Chhatrapati Shivaji Maharaj Terminus by chief minister Eknath Shinde, along with deputy CM Devendra Fadnavis, saw participation from Tata Sons chairman N Chandrasekaran, TCS CEO K Krithivasan, Indiabulls Housing Finance managing director Gagan Banga and Bollywood actress Kalki Koechlin, among others.

Ahead of the results, share of HPCL rose 0.26% to settle at ₹232.45 apiece on NSE

Hindustan Petroleum is also expanding its 8.33 million tonne per annum (MTPA) refinery and building a new one at Barmer in Rajasthan which will help to reduce the gap while producing and selling the fuel, , hindustan petroleum, crude oil

Get latest articles and stories on Business at LatestLY. India, the worlds third-biggest oil importer buys over 85 per cent of its oil needs from overseas. Indian refiners are investing billions of dollars to upgrade their plants to meet rising fuel demand in Asias third-largest economy. Business News | HPCL to Double Vizag Refinerys Operating Capacity by June-end.

State-run Hindustan Petroleum Corporation Ltd (HPCL) is expected to operate its Vizag refinery in Andhra Pradesh at an expanded capacity of 15 million tonnes per annum (mtpa) from June end.