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BPCL has appointed Sanjay Khanna as its Chairman & Managing Director, effective April 9, 2026, until his superannuation on May 31, 2029. Khanna, a Chemical Engineering graduate with over three decades of experience, previously served as Director (Refineries) and held additional charge as CMD. He has been instrumental in commissioning key projects and BPCL's significant investment plans. Bharat Petroleum Corporation Limited on Thursday said the Appointments Committee of the Cabinet (ACC) has app ...Read More >
New Delhi, Apr 9 (PTI) The government has stepped up supplies of critical petrochemical feedstock to the pharmaceutical industry to ensure uninterrupted production of essential medicines, as global supply chains remain strained due to the crisis in West Asia. Prior to the West Asia conflict, the pharmaceutical industry imported a bulk of its petrochemical feedstock, mostly in Kandla, Gujarat, from where the logistics chain took them to factories. The war, however, has disrupted those imports, w ...Read More >
India's petroleum sector remains well supplied with LPG and crude inventories even amid the current geopolitical uncertainties, said Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas. Addressing a press conference on Thursday, Sharma said, "As you are aware, LPG supply has been affected due to the present geopolitical situation, and nearly 60% of the country's LPG requirement is met through imports. In view of this, domestic consumers have been prioritised, and 100% su ...Read More >
New Delhi [India], April 9 (ANI): The Centre on Thursday said it has intensified monitoring of LPG supply across the country, conducting over 1.16 lakh raids so far and suspending around 53 LPG distributors for violations, even as it maintained that there is no shortage of domestic LPG. Speaking during the daily Inter-Ministerial Briefing on developments in West Asia, Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, said strict enforcement measures are being undertaken to ...Read More >
New Delhi [India], April 9 (ANI): The Centre on Thursday said it has intensified monitoring of LPG supply across the country, conducting over 1.16 lakh raids so far and suspending around 53 LPG distributors for violations, even as it maintained that there is no shortage of domestic LPG. Speaking during the daily Inter-Ministerial Briefing on developments in West Asia, Sujata Sharma, Joint Secretary, Ministry of Petroleum and Natural Gas, said strict enforcement measures are being undertaken to ...Read More >
PMMY was built on a revolutionary idea that the Indian state could trust its most marginalised citizens with credit, when the formal banking system hesitated Financial inclusion has been at the forefront of the agenda of the Narendra Modi government. In the last decade, India witnessed a silent transformation where millions of ordinary citizens stepped into entrepreneurship with newfound confidence and agency. At its heart lies an initiative launched on April 8, 2016, by the prime minister, the ...Read More >
Cabinet approves revised Rs 79,459 crore cost for HPCL Rajasthan refinery, boosting petrochemical output and supporting energy security and import substitution The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the revision of HPCL Rajasthan Refinery Ltd (HRRL) project cost from ₹43,129 crore to ₹79,459 crore and additional equity investment of ₹8,962 crore by Hindustan Petroleum Corporation (HPCL). The total equity investment ...Read More >
New Delhi: The Union Cabinet on Wednesday approved investments totalling ₹40,150 crore for the construction of two major hydropower projects in Arunachal Pradesh. Also Read: Cabinet clears Rs 26,069 crore Kamala hydro project to boost clean power in Arunachal It approved the Jaipur Metro Project Phase-2, a 41-km corridor comprising 36 stations, at a total project cost of over ₹13,000 crore. Also Read: Cabinet approves Rs 79,459 crore revised cost for HPCL Rajasthan Refinery project The Cabin ...Read More >
New Delhi [India], April 8 (ANI): In a significant step to strengthen support for migrant workers, the Government of India has approved a 100% increase in the allocation of 5 kg Free Trade LPG (FTL) cylinders under the Migrant Labourer category. Pursuant to this decision, the Government of NCT of Delhi has doubled the daily availability of 5 kg FTL cylinders from 684 to 1,368, as per the Allocation Order. This enhanced allocation will ensure wider access and more equitable distribution of LPG a ...Read More >
NEW DELHI: The conflict in the Middle East is pushing India, which imports 80 percent of its oil and gas, to accelerate its shift to renewables, but the country is also dependent on imports for the minerals and rare earth metals needed to power its green transition. India aims to install 500 gigawatts of green energy capacity including solar, wind and hydropower by 2030, alongside expanding battery storage and electric transport. The country's latest climate goals, announced last month, also ai ...Read More >
New Delhi [India], April 8 (ANI): The Ministry of Petroleum, in a press conference on Wednesday, said that there is sufficient availability of Liquefied Petroleum Gas and other fuels such as petrol and diesel despite tensions in West Asia, and the government has ensured consistent supply throughout the crisis by prioritising domestic consumers for the supply of LPG. During the inter-ministerial briefing, Sujata Sharma, General Secretary, Ministry of Petroleum and Natural Gas, added that commerc ...Read More >
Jaipur: In a major boost to the Rajasthan economy, Prime Minister Narendra Modi will inaugurate the first phase of the HPCL Rajasthan Refinery in Balotra district on April 21. Chief Minister Bhajan Lal Sharma informed this on X on Tuesday late at night. The scheduled commercial operation date of the project is July 1st, 2026. At the same time, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Modi on Wednesday, has approved the revision of HPCL Rajasthan Refinery Limited (HRR ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Centre on Wednesday announced that increase in the commercial LPG limit to 70 per cent of the pre-March 2026 bulk consumption level will be extended to industrial units in the pharma, food, polymer, agriculture, packaging, paint, uranium, heavy water, steel, seed, metal, ceramic, foundry, forging, glass, and aerosol sectors. The increase will be subject to an overall sectoral limit of 0.2 thousand metric tonnes per day. Besides, conditions regarding regi ...Read More >
New Delhi: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the revision of the HPCL Rajasthan Refinery Limited (HRRL) project cost from Rs 43,129 crore to Rs 79,459 crore and additional equity investment of Rs 8,962 crore by the Hindustan Petroleum Corporation Limited (HPCL). The total equity investment of HPCL after the increment will be Rs 19,600 crore, according to an official statement. HRRL is a 9 million metric tonnes per a ...Read More >
New Delhi, Apr 8 (PTI) Shares of oil marketing companies rallied on Wednesday, with HPCL surging nearly 10 per cent, as crude oil prices retreated sharply to fall below the USD 100-mark after the US and Iran announced a two-week ceasefire. Brent crude, the global oil benchmark, dropped 15.16 per cent to USD 92.54 per barrel. The stock of Hindustan Petroleum Corporation Ltd (HPCL) zoomed 9.93 per cent to settle at Rs 364.30 on the BSE. Shares of Bharat Petroleum Corporation Ltd (BPCL) jumped 7 ...Read More >
BENGALURU -- Gold rose to a near three-week high on Wednesday as oil prices and the dollar fell sharply after the United States and Iran agreed to a two-week ceasefire as talks began on a permanent end to the war. Spot gold was up 1.7% at US$4,783.78 per ounce, as of 1123 GMT. Earlier in the session, bullion rose more than 3% to its highest level since March 19. US gold futures for June delivery gained 2.7% to $4,812.60. The United States and Iran have agreed to a two-week ceasefire, subject ...Read More >
New Delhi, Apr 8 (PTI) The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a sharp increase in the cost of the Rajasthan oil refinery project to Rs 79,459 crore, alongside additional equity support from Hindustan Petroleum Corporation Ltd (HPCL), as the government pushes to expand domestic refining and petrochemical capacity. The revised project cost of HPCL Rajasthan Refinery Ltd (HRRL) marks a significant jump from the earlier estimate of Rs 43,129 crore, according to an of ...Read More >
Jaipur: Prime Minister Narendra Modi will visit Rajasthan on April 21 to inaugurate a refinery at Pachpadra in Barmer district, Chief Minister Bhajanlal Sharma has announced. "It is a matter of pride that the prime minister will visit Rajasthan to inaugurate the Pachpadra refinery," Chief Minister Bhananlal Sharma said on X late Tuesday night. The Greenfield Refinery-cum-Petrochemical Complex at Barmer was set up by HPCL Rajasthan Refinery Limited, which is a joint venture between the Hindusta ...Read More >
New Delhi, Apr 8 (PTI) Aviation stocks ended sharply higher on Wednesday following a steep decline in crude oil prices after the US and Iran announced a two-week ceasefire. Easing of geopolitical stress led to a sharp fall in Brent crude oil prices, which tumbled 14.12 per cent to USD 93.95 per barrel. InterGlobe Aviation, the parent firm of IndiGo, jumped 8.16 per cent to settle at Rs 4,616.60 on the BSE. During the day, it zoomed 10.98 per cent to Rs 4,737.40. The stock of SpiceJet climbed ...Read More >
Jaipur, Apr 8 (PTI) Prime Minister Narendra Modi will inaugurate the HPCL-Rajasthan refinery at Pachpadra on April 21 -- a project that is expected to redefine the economy of western Rajasthan and emerge one of the country's largest integrated refinery-cum-petrochemical complexes. The inauguration of the refinery marks the culmination of a project whose journey has stretched over a decade and multiple governments. The 9 MMTPA project, whose cost has now more than doubled to around Rs 80,000 cr ...Read More >
An Iran-bound crude shipment that was initially headed for India changed course mid-voyage and began moving towards China, sparking speculation that payment issues or sanctions-related hurdles may have forced the diversion. Now, the ministry of petroleum and natural gas stepped in to clarify that there are no payment problems calling such claims "factually incorrect." The reports of a possible fallout came after ship-tracking firm Kpler said that the Aframax tanker Ping Shun -- which had initia ...Read More >
Iran's Supreme Leader's Representative further noted that the world must come together in urging US to stop the war because of the suffering at various fronts. Iran's Supreme Leader's Representative in India responded to US President Donald Trump's sharp remarks on Monday saying it was a "big mistake" to start the Iran war, which has had wide-ranging repercussions. He also called on the world leaders to come together and urge POTUS to stop the war. His remarks came hours after Trump issued a s ...Read More >
State-owned refiner Indian Oil Corp. has purchased a cargo of Iranian oil which would be the country's first such delivery since 2019, according to people familiar with the matter, as weeks of war in the Persian Gulf upend the energy trade. India's largest refiner is expected to to take delivery of the Middle Eastern volumes this week, the people said, without providing details of the vessel or the payment mechanism. The people asked not to be named due to the sensitivity of the matter. IOC di ...Read More >
New Delhi [India], April 8 (ANI): Abdul Majid Hakeem Ilahi, Representative of Iran's Supreme Leader in India, on Wednesday said that the US attacked Iran more than 10,000 times, targeting air forces and missiles. Ilahi, in a conversation with ANI, said that they did not want to be in conflict with any of its neighbours. But the US was using its bases in the Arab countries to attack Iran. "Iran and the United States have agreed to a ceasefire for two weeks. We did not want this war; it was impo ...Read More >
New Delhi [India], April 8 (ANI): The Pradhan Mantri MUDRA Yojana (PMMY) launched by Prime Minister Narendra Modi on April 8, 2015, is marking 11 years of success in strengthening India's grassroots entrepreneurs. This initiative has been designed to bridge the gap in financial accessibility, offering streamlined, easy collateral-free loans up to Rs 20 lakh to support small-scale business ventures for non-corporate and non-farm income-generating activities. Micro, Small, and Medium Enterprises ...Read More >
NEW DELHI, April 8 (Reuters) - India is set to receive its first oil from Iran in seven years this week, after the U.S. temporarily removed sanctions on Iranian oil and refined products to ease supply shortages, ship tracking data from LSEG and Kpler showed on Wednesday. The cargo on the Curacao-flagged very large crude carrier Jaya was purchased by state-run Indian Oil Corp .NS> and is heading to India's east coast, the data showed. Indian Oil, the country's top refiner, did not immediately ...Read More >
New Delhi, Apr 8 (PTI) Shares of oil marketing companies soared on Wednesday, with HPCL climbing 9 per cent, as crude oil prices retreated sharply to fall below the USD 100 mark after the US and Iran announced a two-week ceasefire. Brent crude, the global oil benchmark, dropped 14.03 per cent to USD 93.87 per barrel. The stock of Hindustan Petroleum Corporation Ltd (HPCL) zoomed 9 per cent to Rs 361.35 on the BSE. Shares of Bharat Petroleum Corporation Ltd (BPCL) jumped 8.83 per cent to Rs 30 ...Read More >
New Delhi: India and Bangladesh are expected to set the tone for a bilateral framework of their relationship during the talks today and set the ball rolling to rebuild trust that had plummeted following the downfall of the Sheikh Hasina government. Khalilur Rahman, who is visiting India for the first time as foreign minister of the newly formed government led by Prime Minister Tarique Rahman, will hold meetings with Minister of External Affairs S Jaishankar, Minister of Commerce & Industry Piyu ...Read More >
Jaipur: Prime Minister Narendra Modi will visit Rajasthan on April 21 to inaugurate a refinery at Pachpadra in Barmer district, Chief Minister Bhajanlal Sharma has announced. "It is a matter of pride that the prime minister will visit Rajasthan to inaugurate the Pachpadra refinery," Chief Minister Bhananlal Sharma said on X late Tuesday night. The Greenfield Refinery-cum-Petrochemical Complex at Barmer was set up by HPCL Rajasthan Refinery Limited, which is a joint venture between the Hindusta ...Read More >
Jaipur, Apr 8 (PTI) Prime Minister Narendra Modi will visit Rajasthan on April 21 to inaugurate a refinery at Pachpadra in Barmer district, Chief Minister Bhajanlal Sharma has announced. "It is a matter of pride that the prime minister will visit Rajasthan to inaugurate the Pachpadra refinery," Chief Minister Bhananlal Sharma said on X late Tuesday night. The Greenfield Refinery-cum-Petrochemical Complex at Barmer was set up by HPCL Rajasthan Refinery Limited, which is a joint venture between ...Read More >
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