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IOC to sell hydrogen plants to monetise non-core assets

State-run Indian Oil Corporation (IOC) plans to sell hydrogen generating plants at its oil refineries to monetise non-core assets and leverage operational efficiencies by bringing in domain experts, its Chairman Shrikant Madhav Vaidya said on Tuesday. To begin with, the company will sell its hydrogen generating unit at its Gujarat refinery and based on the experience, may take up units at other refineries, he said. The sale is part of the asset monetisation agenda of the government aimed at generating revenue from selling to private investors unutilised or part utilised assets. These (hydrogen generating units) are already operating units. Now we are trying to leverage the efficiency of operations by handing it over to the licensor of the unit, he said.

India generalSouth koreaTarun kapoorShrikant madhav vaidyaProton exchange membrane electrolysisIndian oil corporationHindustan petroleum corporation ltdState run indian oil corporationChairman shrikant madhav vaidyaSecretary tarun kapoorSteam methane reformingPublic sector undertakingsPublic sector companies latest newsஇந்தியா ஜநரல்தெற்கு கொரியாதருண் கபூர்

HPCL invites application for recruitment to 200 posts of Engineers, last date for application is 15th April | HPCLએ એન્જિનિયર્સના 200 પદ પર ભરતી માટે અરજી માગી, અરજી કરવાની છેલ્લી તારીખ 15 એપ્રિલ

HPCL invites application for recruitment to 200 posts of Engineers, last date for application is 15th April | HPCLએ એન્જિનિયર્સના 200 પદ પર ભરતી માટે અરજી માગી, અરજી કરવાની છેલ્લી તારીખ 15 એપ્રિલ
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India generalHindustan petroleum corporation ltdஇந்தியா ஜநரல்ஹிந்துஸ்தான் பெட்ரோலியம் நிறுவனம் லிமிடெட்

Petrol, diesel price today 15 March 2021: Rates unchanged for 15 days; check prices in Delhi, UP, other cities

Petrol and Diesel Price Today in India: Petrol and diesel rates on March 15, 2021, remained unchanged. Citizens of Mumbai will have to shell out Rs 97.57 for a litre of petrol, while Rs 88.60 per litre for diesel.

India generalMadhya pradeshAndhra pradeshUnited statesWest bengalSaudi arabiaUttar pradeshTamil naduBharat petroleum corporation ltdIndian oil corporation ltdIndian oil corporationHindustan petroleum corporation ltdFinancial express centralDiesel rate todayTexas intermediateஇந்தியா ஜநரல்

Energy stocks edge lower

Energy stocks edge lower
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India generalTamil naduReliance industries ltdChennai petroleum corporation ltdSelan explorations technology ltdGujarat mineral development corporation ltdAdani total gas ltdGulf oil lubricants india ltdConfidence petroleum india ltdMangalore refinery and petrochemicals ltdHindustan oil exploration company ltdAegis logistics ltdCoal india ltdGujarat gas ltdHindustan petroleum corporation ltdCapital market

For better resource management, ONGC is on track to merge MRPL and HPCL

For better resource management, ONGC is ‘on track’ to merge MRPL and HPCL March 14, 2021 × Acquisition of OMPL by MRPL is the first step towards the consolidation of downstream business, says ONGC chief As part of its consolidation drive for better resource management, Oil and Natural Gas Corporation Ltd (ONGC) is moving towards the merger of its two refining subsidiaries – Mangalore Refinery and Petrochemicals Ltd (MRPL) with Hindustan Petroleum Corporation Ltd (HPCL). There were expectations that the proposed merger may happen in 2021, but it may be pushed back due to the pandemic. However, the process has already started with the integration of ONGC Mangalore Petrochemicals Limited (OMPL) with MRPL. MRPL held a controlling stake of 51 per cent in OMPL, while ONGC held the remaining 49 per cent. Now, OMPL is a 100 per cent subsidairy of MRPL. Shashi Shanker, Chairman and Managing Director of ONGC, told

India generalArun jaitleyShashi shankerPetrochemicals ltdMangalore petrochemicals limitedNatural gas corporation ltdHindustan petroleum corporation ltdMangalore refineryPetrochemicals limitedManaging directorFinance minister arun jaitleyஇந்தியா ஜநரல்அருண் ஜெய்ட்லிஷாஷி ஷங்க்கேர்பெட்ரோ கெமிக்கல்ஸ் லிமிடெட்மங்களூர் பெட்ரோ கெமிக்கல்ஸ் வரையறுக்கப்பட்டவை