Reliance Industries: Delhi High Court upholds Reliance’s inclusion in BPCL-HPCL pipeline case

The Delhi High Court on Thursday upheld the Appellate Tribunal for Electricity’s (Aptel) order that allowed Reliance Industries to be made a party in a case related to designation of a pipeline, commissioned by oil companies BPCL and HPCL, as a common/contract carrier for transportation of petroleum and petroleum products by other entities as well.A division bench of Acting Chief Justice Manmohan and Justice Manmeet Pritam Singh Arora dismissed the BPCL’s appeal and upheld its single…
Read More…

Source: https://m.economictimes.com/industry/energy/oil-gas/delhi-high-court-upholds-reliances-inclusion-in-bpcl-hpcl-pipeline-case/amp_articleshow/109044522.cms

Oil stocks feel the pinch after government raises windfall tax on crude; ONGC, Oil India, Indian Oil fall… – Moneycontrol

Oil stocks feel the pinch after government raises windfall tax on crude; ONGC, Oil India, Indian Oil fall…  MoneycontrolWindfall tax effect: Reliance, ONGC, Oil India shares under pressure  UpstoxIndia hikes windfall tax on crude petroleum by nearly 40% to ₹6,800 per tonne  CNBCTV18Govt hikes windfall tax on crude petroleum to Rs 6,800 per tonne  The Economic TimesCrude Oil Tax Highlights: Centre raises windfall tax on domestically produced crude to Rs 6800 per tonne  Economic…
Read More…

Source: https://www.moneycontrol.com/news/business/markets/omc-stocks-feel-the-pinch-after-the-union-government-raises-windfall-tax-12574121.htmlR
https://www.moneycontrol.com/news/business/markets/omc-stocks-feel-the-pinch-after-the-union-government-raises-windfall-tax-12574121.html/amp

ET Exclusive: RIL, Tata Motors and IOC to be key bidders for pilot GH2 project

MUMBAI: Reliance Industries (RIL), Tata Motors and Indian Oil Corporation (IOC) will be the key bidders for the government’s pilot project for the use of green/grey hydrogen (H2) in the transport sector, according to people who are aware of the development. The initiative is in line with the government’s aim to decarbonise the economy, reduce dependence on fossil fuel imports, and enable India to assume technology and market leadership in green hydrogen.”The pilot projects will help to…
Read More…

Source: https://m.economictimes.com/industry/renewables/et-exclusive-ril-tata-motors-and-ioc-to-be-key-bidders-for-pilot-gh2-project/amp_articleshow/109014546.cms

ONGC, Reliance Industries, Oil India In Focus As Profit Margin Tightens

The government has lowered the gas price ceiling to $9.87 per million metric British thermal unit of gas, effective April 1, impacting profit margin of companies exploring and producing gas from these areas.The gas price ceiling has been reduced for gas being produced from discoveries in deep-water, ultra deepwater and high-pressure, high-temperature areas, according to the notification by the Petroleum Planning and Analysis Cell of India dated March 31.The new gas price ceiling of $9.87 per…
Read More…

Source: https://www.ndtvprofit.com/amp/business/ongc-reliance-industries-oil-india-in-focus-as-gas-output-margins-tighten

Indian Oil Giants Cease Venezuelan Crude Purchases Ahead of Sanctions Waiver Expiry

In a big transfer impacting international oil dynamics, Indian oil purchasers, together with the conglomerate led by billionaire Mukesh Ambani, Reliance Industries, have suspended their acquisition of Venezuelan crude. This strategic determination precedes the termination of a sanctions waiver, shedding gentle on the intricate dance between worldwide commerce laws and international vitality provides.
Understanding the Halt
The cessation of Venezuelan crude purchases by Indian entities…
Read More…

Source: https://xperttimes.com/indian-oil-giants-stop-venezuelan-crude-purchases-forward-of-sanctions-waiver-expiry/

Jio-bp Empowers Women around International Women’s Day with Arunima Sinha’s Inspirational Journey

Jio-bp Empowers Women around International Women’s Day with Arunima Sinha’s Inspirational Journey

∙ Jio bp hosted a grand celebration around International Women’s Day and launched a  women’s support group – “Her Vibe, Her Tribe,” 
∙ The event emphasized Jio-bp’s commitment to diversity and inclusion, showcasing women’s  achievements and contributions in the mobility sector. 
Jio-bp, the fuel retail joint venture of Reliance…
Read More…

Source: https://www.passionateinmarketing.com/jio-bp-empowers-women-around-international-womens-day-with-arunima-sinhas-inspirational-journey/

US-bound ship from Reliance's Sikka port hits BPCL crude import facility, sources say – Reuters

US-bound ship from Reliance’s Sikka port hits BPCL crude import facility, sources say  ReutersUS-bound ship from Reliance’s Sikka port hits BPCL crude import facility  ETInfra.comUS-bound ship hits Bharat Petroleum crude import facility: Report  India Today
Read More…

Source: https://www.reuters.com/markets/commodities/us-bound-ship-reliances-sikka-port-hits-bpcl-crude-import-facility-sources-say-2024-03-11/

Jio-bp Wins Golden Peacock for Higher Mileage Diesel

Mumbai (Maharashtra) [India], March 8: Jio-bp, fuel retail joint venture of Reliance Industries and bp, received the prestigious Golden Peacock award for development to deployment of High Mileage Diesel, at Hotel Grand Hyatt, Abu Dhabi (UAE), during Institute of Director’s 2024 UAE Global Convention – 31st World Congress on Leadership for Business Excellence and Innovation.

Jio-bp has launched its diesel with ACTIVE Technology delivering up to 4.3 per cent improved fuel economy at…
Read More…

Source: https://theprint.in/ani-press-releases/jio-bp-wins-golden-peacock-for-higher-mileage-diesel/1993381/?amp

Jio-bp Wins Golden Peacock for Higher Mileage Diesel

ANI |
Updated: Mar 08, 2024 16:24 IST

BusinessWire IndiaMumbai (Maharashtra) [India], March 8: Jio-bp, fuel retail joint venture of Reliance Industries and bp, received the prestigious Golden Peacock award for development to deployment of High Mileage Diesel, at Hotel Grand Hyatt, Abu Dhabi (UAE), during Institute of Director’s 2024 UAE Global Convention – 31st World Congress…
Read More…

Source: https://www.aninews.in/news/business/jio-bp-wins-golden-peacock-for-higher-mileage-diesel20240308162439/

Jio-bp to set up EV charging infra at properties of House of Hiranandani

Story continues below Advertisement

Jio-bp, fuel retail joint venture of Reliance Industries and bp, on Wednesday announced a partnership with House of Hiranandani to set up Electric Vehicle (EV) charging infrastructure at their properties across Mumbai, Hyderabad, Chennai, and Bengaluru. Jio-bp, operating under the brand name of Jio-bp pulse in the…
Read More…

Source: https://www.moneycontrol.com/news/automobile/jio-bp-to-set-up-ev-charging-infra-at-properties-of-house-of-hiranandani-12413941.html/amp