News of Oil & Gas in Gujarat

GAIL to revive LPG plant @ Usar in Maharashtra, will invest 88 billion rupees

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Exchanges on Thursday, GAIL (India) Limited said of having approved revival of existing Liquified Petroleum Gas (LPG) plant at Usar in Raigadh District of Maharashtra and the company will invest 88 billion (~8,800 crore) rupees for proposed revival,

Adani Gas bags City Gas Distribution in areas of MP, UP and Chhattigarh

NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted with the Indian Bourses, Ahmedabad headquartered Gas distribution company Adani Gas Ltd said of having Grant of Authorization for development of City Gas Distribution Network under 10th CGD Bidding Rounds in several areas of Madhya Pradesh, Uttar Pradesh and Chhattisgarh. The

Vedanta notifies Indian Government on oil discovery in KG Basin asset

GURUGRAM | MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses, Vedanta Ltd has notified the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an Oil Discovery in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari Basin, East Coast of India. Vedanta

Adani Gas bags 13 City Gas Distribution projects, will expand Pan-India

AHMEDABAD | MUMBAI | RAJKOT – In a press release submitted to the Exchanges in India on Wednesday, Adani Gas said of having bagged 13 City Gas Distribution projects will expand its presence pan-India. Adani Gas Ltd. (AGL), the city gas distribution arm of the Adani Group, has bagged authorization from the Petroleum and Natural

RIL picks 13% stake in US (Delaware) based tech firm SkyTran

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Wednesday, Reliance Industries Ltd said of its subsidiary company having picked 13% stake in US (Delaware) based personal transportation technology firm SkyTran Inc., paying USD($) 25 million. RIL’s investments aims to foster an exclusive partnership with SkyTran in India. Reliance

Adani hand-shakes with French Energy Major Total, to sell fuel & gas in India

PARIS | NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – Keeping in view the road infra growth story and the rising middle class consumer in India, French energy major Total S.A. inked pact with Indian conglomerate Adani Group to enter the energy market in India. Both companies aim to develop multi-energy offerings to the

Experts Say, “#GujaratExodus may hit the new investments …”

AHMEDABAD | VADODARA | SURAT | RAJKOT – #GujaratExodus, process of workers from Bihar and Uttar Pradesh travelling back to their home, may trigger a situation, which may hit the new investments, especially when the Vibrant Gujarat 2019, Global Investors Summit is around, industry experts from across the state fear the phenomena. Industries which may

Hindustan Oil executes Revenue Sharing pact with Indian Government

VADODARA (BARODA) | MUMBAI | RAJKOT – Vadodara (Baroda) headquartered Hindustan Oil Exploration Company Ltd has executed revenue sharing contract for the oil-block won under open acreage licensing policy of Government of India, the company said in a regulatory filing submitted to the Exchanges in India on October 3, 2018 – Wednesday. HOEC executed the

Mercator dispatches 1st trench of oil from Cambay Basin

MUMBAI | RAJKOT – In a press communication submitted to the exchanges on Monday, Mercator Ltd said of its subsidiary company having commenced and dispatched 1st tranch of oil produced from Cambay Basin. Mercator Petroleum Limited, a Subsidiary of Mercator Ltd is pleased to announce the commencement of oil production and dispatch from its 1st

Welspun Corp bags 220 KMT pipe-supply order from US

ANJAAR (KUTCH-BHUJ) | MUMBAI | RAJKOT – Welspun Corp Ltd on Thursday, said in regulatory filing submitted to the Stock Exchanges in India of having bagged pipe supply order from Oil-Gas sector company in America region. We are pleased to inform you that we have entered in to an agreement for supply of @ 220 KMT

Hindustan Oil Exploration wins oil block in Assam

VADODARA (BARODA) | MUMBAI | RAJKOT – Vadodara (Gujarat) headquartered Hindustan Oil Exploration Company Ltd has emerged as a successful bidder for an oil block in India vide biddings tendered through an open acreage licensing policy (OALP), the company today said in a press statement submitted to the Indian bourses. HOEC is excited to announce

RComm transfers 1,78,000 kms optical fibre network to RJIO

MUMBAI | RAJKOT – Reliance Communications Limited (RCOM) today announced the completion of the sale of its Fibre assets and related infrastructure assets, worth Rs 3,000 crore, to Reliance Jio Infocomm Ltd (RJIO), the company said vide press release submitted to the Indian Bourses. With successful completion of the Fibre monetization transaction, 1,78,000 Kms fibre stand transferred to

Ratnamani Metal bags 1.55 billion rupees pipe supply orders from Oil-Gas Sector

AHMEDABAD | MUMBAI | RAJKOT – Ratnamani Metals & Tubes Ltd said in regulatory filing submitted to the exchanges in India on Saturday, August 18, 2018 regarding the Company having bagged two orders for supply of pipes from oil & gas sector pegged at 1.55 billion rupees. The company has has received two new orders for

One of the Fluid Catalytic Cracking (FCC) unit at RIL’s Jamnagar Refinery shut

JAMNAGAR | MUMBAI | RAJKOT – One of the Fluid Catalytic Cracking Units (FCCU) at Reliance Industries Ltd’s Jamnagar Refining complex has shutdown for a shortwhile, the company said in regulatory filing submitted to the Indian Bourses on Wednesday. Reliance Industries Limited (RIL) has taken short shutdown of one of the Fluid Catalytic Cracking Units (FCCU)

Reliance Jio Infocomm acquires balance 800 MHz spectrum of Reliance Communications

MUMBAI | RAJKOT – Reliance Jio Infocomm Ltd, subsidiary company of Reliance Industries Ltd has acquired the balance 800 MHz spectrum of Reliance Communications Ltd across 22 circles in India, both companies said in respective regulatory filing submitted to the Exchanges in India, on Saturday. Both companies Reliance Jio Infocomm Ltd and Reliance Communications Ltd

Gujarat Tax Dept looses 49.62-billion-rupee recovery from GAIL India

NEW DELHI | MUMBAI | RAJKOT – In a 24 years old litigation matter between GAIL India Ltd and Gujarat Sales Tax department, Gujarat High Court has ruled in favor of GAIL India, dismissing the petition demanding 49.62 billion (~4,962.22 crore) rupees towards state tax on sale of gas from Hazira Unit, the company said in