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4 oil & gas PSUs exceed capex targets, spend Rs 57,000 crore in FY21

4 oil & gas PSUs exceed capex targets, spend Rs 57,000 crore in FY21
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State-run oil and gas companies accelerated project execution in later months, mobilizing contractors, workers, and equipment to project sites after facing a serious slowdown in the initial months of the last fiscal year due to a nationwide lockdown imposed to stem the spread of Covid.
Agencies
GAIL spent a combined Rs 57,000 crore in 2020-21, exceeding their respective capex targets in a year lockdown curbed movement, drove away workers from project sites, and disrupted supply chains.
State-run oil and gas companies accelerated project execution in later months, mobilizing contractors, workers, and equipment to project sites after facing a serious slowdown in the initial months of the last fiscal year due to a nationwide lockdown imposed to stem the spread of Covid. ....

India General , Indian Oil , Bharat Petroleum , Hindustan Petroleum Corp , Petroleum Corp , Capex Targets , இந்தியா ஜநரல் , இந்தியன் எண்ணெய் , பாரத் பெட்ரோலியம் , ஹிந்துஸ்தான் பெட்ரோலியம் கார்ப் , பெட்ரோலியம் கார்ப் ,

COVID shaves off one-fifth Capex of ONGC in FY21; downstream cos exceed target

Synopsis
Oil and Natural Gas Corporation (ONGC) had budgeted Rs 32,502 crore of capital spending in the fiscal from April 2020 to March 2021 but ended up spending only Rs 26,441 crore, according to the report of the oil ministry s Petroleum Planning and Analysis Cell (PPAC).
A company official said the lower than targeted Capex was because of project implementations getting delayed.
Oil and gas producer
ONGC spent about one-fifth less than its budget Capex in 2020-21 fiscal after COVID-19 related restrictions delayed projects but fuel marketers such as IOC exceeded targeted capital spending, a government report showed.
Oil and Natural Gas Corporation (ONGC) had budgeted Rs 32,502 crore of capital spending in the fiscal from April 2020 to March 2021 but ended up spending only Rs 26,441 crore, according to the report of the oil ministry s Petroleum Planning and Analysis Cell (PPAC). ....

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Are petrol pumps being allocated to disabled under Disabilities Act, 2016: HC asks Centre

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SUDHAKARA JAIN
The Delhi High Court on Thursday asked the Centre whether allocation of petrol pumps to disabled persons was being done in accordance with the Rights of Persons with Disabilities Act, 2016.
Justice Prathiba M. Singh issued notice to the ministries of Petroleum and Social Justice and state-run oil company Hindustan Petroleum Corporation Ltd (HPCL) seeking their stand on a plea for creation of reservation for disabled persons in allotment of petrol retail outlets or dealerships according to the 2016 Act.
The plea by a woman, who suffers from 75 % visual impairment, has contended that HPCL was still following the older repealed Persons with Disabilities Act of 1995 for allotment of dealerships. ....

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Are petrol pumps being allocated to disabled under Disabilities Act,2016: Delhi HC asks Centre

Are petrol pumps being allocated to disabled under Disabilities Act,2016: Delhi HC asks Centre
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Last Updated: Apr 15, 2021, 11:59 AM IST
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Synopsis
Justice Prathiba M Singh issued notice to the ministries of Petroleum and Social Justice and state-run oil company Hindustan Petroleum Corporation Ltd (HPCL) seeking their stand on a plea for creation of reservation for disabled persons in allotment of petrol retail outlets or dealerships according to the 2016 Act.
The plea by a woman, who suffers from 75 per cent visual impairment, has contended that HPCL was still following the older repealed Persons with Disabilities Act of 1995 for allotment of dealerships. ....

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Indian Oil Corporation Buys Its First Johan Sverdrup Crude Cargoes: Sources; Further details on the trades were not yet clear

Indian state refiners plan to cut oil imports from Saudi Arabia by about a quarter in May
State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway s Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday. IOC will take delivery of two million barrels of the North Sea crude in each of May and June, one of the sources said.
Further details on the trades were not yet clear. The move follows the Indian government s call to cut dependence on crude from the Middle East in an escalating stand-off between India, the world s third-largest crude importer, and Saudi Arabia, the de-facto leader of the Organization of Petroleum Exporting Countries (OPEC). ....

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