Oil & gas PSUs cut 15,700 jobs in 6 years even as revenue doubles

BPCL Q4 Results: Net profit drops 35% YoY to Rs 4,224 crore; co approves 1:1 bonus issue

Indraprastha Gas Q4 Results Live : profit rise by 9.13% YOY
Indraprastha Gas Q4 Results Live : Indraprastha Gas declared their Q4 results on 07 May, 2024. The topline decreased by 2.39% & the profit increased by 9.13% YoY. Compared to the previous quarter, the revenue grew by 0.97% and the profit decreased by 8.99%.

IGL net profit up 9% at ₹433 crore in Q4
New Delhi: State-run Indraprastha Gas (IGL) on Tuesday reported a 9 per cent year-on-year (y-o-y) growth in its consolidated net profit at ₹433 crore in Q4 FY24, aided by higher sales. However, the net profit of India’s largest compressed natural gas (CNG) distributor fell 9 per cent on a sequential basis. IGL’s consolidated total income rose 2 per cent y-o-y to ₹4,044 crore in Q4 FY24. Sequentially, income fell 2 per cent.

Reliance renews bid for US license to import Venezuelan oil

Diesel, petrol export revenues dip 20% to $33 bn in 2023-24

Clean and clear: All RRTS stns to have EV charging

NCRTC's first EV charging station operational at Sahibabad RRTS
This step is one of the many measures for ensuring last-mile connectivity, the statement stated, adding that it will allow people to charge their four-wheelers in just one hour using the fast charging facility.

Gautam Adani in talks with banks to borrow $600 million for gas unit
Adani's Dhamra LNG in talks with banks to borrow $600 million for gas unit

Oil climbs after Saudi Arabia hikes prices

Reliance renews bid for US license to import Venezuelan oil: Sources

NCRTC's 1st electric vehicle charging station operational at Sahibabad RRTS

New Delhi: The National Capital Region Transport Corporation's (NCRTC) first Electric Vehicle (EV) Charging Station at Sahibabad RRTS station in Ghaziabad has been made operational, a statement said on Sunday.
 

India's fossil fuel capacity grows 2.44% in FY24; non fossil-fuel rises 11%: Govt data
New Delhi: The country's fossil fuel-based power generation capacity increased 2.44% to 243.22 GW in FY24 from 237.27 GW in March 2023, according to official figures. There was a 10.79% rise in non-fossil fuel based capacity (renewable energy sources) addition at 190.57 gigawatt (GW) in 2023-24 over 172.01 GW in 2022-23, the government data showed.

Slipping profits in Q4FY24 due to inventory loss, says Indian Oil
'It is to be noted that the decrease in net profits is majorly due to inventory losses in Q4 versus inventory gains in Q3,' IOCL said on Friday.
 

Statiq to set up EV charging stations at wayside facilities of Cube Stop Wayside Amenities
New Delhi: Statiq, a leading electric vehicle (EV) charging network has partnered with Cube Stop Highway Rest Areas, to enhance EV charging infrastructure across highways in the country.

Castrol India Q1 Results Live : profit rise by 6.79% YOY
Castrol India Q1 Results Live : Castrol India declared their Q1 results on 30 Apr, 2024. The topline increased by 2.42% & the profit increased by 6.79% YoY. As compared to the previous quarter the revenue grew by 4.84% and the profit decreased by 10.62%.

Tripura government imposes restriction on sale of petrol, diesel
"In view of the supply constraint of petrol and diesel due to disruption in goods train movement to the state, it has been decided to impose restriction on sale of fuel - petrol and diesel in the state from May 1 until further order", said Additional Secretary of Food and Civil Supplies Department, Nirmal Adhikari.

Share of Russian crude in India's imports rises to nearly 40% in April

Shell Q1 Results: Company smashes forecasts with $7.7 billion quarterly profit

Commercial LPG cylinder price cut Rs 19, ATF up 0.7%

Govt cuts windfall tax on crude petroleum to Rs 8,400 per tonne
The government has cut windfall tax on domestically produced crude oil to Rs 8,400 per tonne from Rs 9,600 per tonne with effect from Wednesday.

Petrol sales up 12.3%; diesel slides 2.3% in Apr
New Delhi: India's petrol consumption soared 12.3% in April, but diesel sales continued to slide despite the country entering into hectic electioneering for general elections, preliminary data of state-owned firms showed on Wednesday. Petrol sales of three state-owned firms, which control 90% of the fuel market, rose to 2.97 million tonnes in April compared to 2.65 million tonnes of consumption in the same period last year.

Indian Oil Corporation Q4 Results Live : profit falls by 49.96% YOY
Indian Oil Corporation Q4 Results Live : Indian Oil Corporation declared their Q4 results on 30 Apr, 2024. The topline decreased by 3.06% & the profit decreased by 49.96% YoY.

Adani Total Gas net rises 71.5% to Rs 167.96 crore
Adani Total Gas (ATGL) has posted a 71.5% rise in net profit at Rs 167.96 crore for the quarter ended March, compared with Rs 97.91 crore posted during the year-ago quarter. The Adani group’s city gas distribution (CGD) company’s revenue from operations rose 5.1% to Rs 1,258.37 crore.

Indian Oil Corporation to invest INR 5,215 cr in green power

Car sales & summer heat fuel petrol demand in April

BP appoints Kartikeya Dube as India head
New Delhi: BP on Tuesday announced the appointment of Kartikeya Dube as the new India head, replacing long-time executive Sashi Mukundan who is retiring. In a statement, the company said Dube has been appointed Head of Country (HoC) and senior vice president (gas and low carbon) for India with effect from July 1, 2024.

Indian Oil Corporation Q4 results: Net profit down 52% on year; declares dividend of Rs 7/share; Here are all other details
Indian Oil Corporation in Q4 of FY24 reported a fall of 52% on year in its net profit standing at Rs 4,837.69 crore Vs Rs 10,058.69 crore it posted in the same period a year ago. 

India's oil import bill could swell to USD 101-104 bn in FY25: ICRA
India's net oil import bill could widen to USD 101-104 billion in current fiscal from USD 96.1 billion in 2023-24 and any escalation in the Iran-Israel conflict could impart an upward pressure on the value of imports, ICRA said on Tuesday. The domestic rating agency said based on its analysis, lower value of Russian oil imports is estimated to have led to savings of USD 7.9 billion in 11 months (April-February) of 2023-24, up from USD 5.1 billion in 2022-23.

BII commits $19 to charge zone for EV infrastructure
Charge Zone has secured a $19 million (Rs. 1.58 crore) commitment from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor. This investment marks a milestone in Charge Zone’s mission to revolutionize electric vehicle infrastructure in India.