Larsen arm wins Rs 1,656 crore contract from ONGC

Mumbai: Larsen & Toubro's (L&T) subsidiary, L&T Hydrocarbon Engineering has bagged an order relating to Oil and Natural Gas Corporation's (ONGC) Neelam Re-Devel...

At 19 million tonnes|year, India 2nd-largest LPG user in world

New Delhi: India has become the second largest user of domestic liquefied petroleum gas (LPG) in the world with 19 million tonnes per year consumption, due to rapid rollout of &lsq...

Cairn India to invest Rs 30k cr in three years

New Delhi: Cairn India Limited, India's largest onshore crude producer, plans to invest around Rs 30,000 crore (US$ 4.4 billion) in the next three years, to increase output by ...

Reliance Industries now 8th largest energy company globally

Kolkata: Reliance Industries Ltd (RIL) has been ranked eight among the top 250 energy companies in the world, in a new survey by Platts Top 250 Global Energy Company Rankings 2016....

ONGC launches Rs 100-cr start-up fund

New Delhi: The Oil and Natural Gas Corporation (ONGC) has launched a start-up fund of Rs 100 crore (US$ 15 million) on its Diamond Jubilee year to encourage and promote new ideas r...

Norway's Yara acquires Tata Chemicals' urea business for US$ 400 million

Mumbai: Yara International ASA, a Norwegian chemical company, plans to acquire Tata Chemicals Limited’s Babrala urea plant and distribution business in Uttar Pradesh for abou...

OVL raises US$ 1 billion in largest Indian bond float of 2016

New Delhi: ONGC Videsh Limited (OVL), the overseas acquisition arm of state-run explorer ONGC, has raised US$ 1 billion through a US dollar bonds issue to finance its acquisition o...

L&T Hydrocarbon consortium gets US$ 1.6-bn contract in Saudi Arabia

Mumbai: Larsen and Toubro Limited (L&T) has announced that its subsidiary L&T Hydrocarbon Engineering (LTHE) has won a contract worth US$ 1.6 billion, as part of a consorti...