IIR Top Refining News Today: December 28th 2020
Industry Segment: Petroleum Refining | Word Count: 120 Words
Bharat Petroleum Corporation Limited (BPCL) resumed full throughput at its 320,000-BBL/d Kochi Refinery in India on December 18. The IREP block, which includes seven major units, was operating at 91% since November 24.
The residential society is near Oil and Natural Gas Corporation (ONGC) field in Kalol.
Three days after two persons died in a pipeline blast at a residential society in Kalol of Gandhinagar, investigating agencies have found an old oil pipeline beneath one of the two houses that collapsed in the blast.
The blast occurred on December 22 around 8 am, at the Garden city bungalows residential area in Panchvati area of Kalol taluka, resulting in the collapse of two bungalows. Amit Dave and his wife Peenal Dave, both in their thirties and residents of the society, succumbed to injuries, while three others were injured.
Divestment Plan Back On Track; BEML, ITDC Next On Agenda moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
‘Court can see why farmers are agitating in the country’
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Corporate companies manipulate system, states HC
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Corporate companies manipulate system, states HC Observing that corporate companies manipulate the “system” to work against poor litigants, the Madras High Court said it was able to see why farmers were agitating across the country, fearing harassment at the hands of corporate giants when contract farming becomes inevitable due to the new farm laws.
Dismissing a civil revision petition filed by Bharat Petroleum Corporation Limited (BPCL), Justice G. Jayachandran wrote: “It is high time that corporate companies, more particularly public sector undertakings, change their attitude and conduct while dealing with individual landowners for commercial purpose. They have the duty to dispel the mistrust prevailing among the public by restraining themselves from filing frivolous petitions with an oblique intention of making the counterpar
Sushma Ramachandran
Senior Financial Journalist
THE sale of Air India seems to be well and truly underway despite some false starts. This is not the first plan to sell a public sector undertaking (PSU) by the Modi government, but it is the most high-profile one. The other one inching forward is the sale of oil refiner and retailer, Bharat Petroleum Corporation Limited (BPCL). But these are only initial moves in the direction of public sector privatisation despite many statements of intent by the Modi government over the last six years. This is a far cry from the Vajpayee regime which launched an era of privatisation yet to be equalled by any subsequent government. The UPA stalled the process despite the pioneer of economic reforms, Dr Manmohan Singh, being the Prime Minister. It was then expected that Narendra Modi’s entry, with Arun Jaitley as his Finance Minister, would mean a revival of the strategy of public sector disinvestment. Jaitley was the first-ever Disinvestment Minis