Daily Archives: December 16, 2020

14 DEC – Nayara Energy in pact to sell Shell Lubricants’ products at fuel retail outlets

    Nayara Energy, formerly Essar Oil, has tied up with energy major Shell to sell the latter’s lubricants through its network of fuel stations across the country, the companies said in a joint statement on Monday.Nayara Energy has a fuel retail network of over 5,900 fuel stations in India and aims to scale it…

14 DEC – India’s fuel demand drops 3.6% in Nov

  New Delhi: India’s fuel demand fell 3.6 per cent year-on-year in November, reversing the return to normal consumption levels attained in the previous month. Total demand for petroleum products in November fell to 17.83 million tonnes from 18.51 million tonnes a year back, according to provisional data published by the oil ministry’s Petroleum Planning…

14 DEC – Torrent Gas to invest Rs 5,000 cr in Chennai city gas project

    New Delhi: Torrent Gas Ltd on Monday pledged Rs 5,000 crore investment to develop infrastructure to retail CNG to automobiles and piped gas to households and industries in Chennai, the biggest city gas license in its portfolio. Torrent Gas, part of the pharma-to-energy Torrent Group, signed a Memorandum of Understanding (MoU) with the…

14 DEC – BPCL bid evaluation meet on Tuesday; Vedanta, Apollo Global in race

    A high-powered committee will, on Tuesday, evaluate preliminary bids received from mining-to-oil conglomerate Vedanta and private equity firms Apollo Global and I Squared Capital’s arm Think Gas for buying the government’s 52.98 per cent stake in Bharat Petroleum Corporation Limited (BPCL), sources said.   Last week, an inter-ministerial meet was held to discuss…