Ties up Rs 4,016 crore term loan from SBI-led consortium
Proceeds of the issue will be utilised for refinancing of existing debt, routine capex and general corporate purpose
Satellite services provider Hughes Communications India on Wednesday announced it has won a contract from oil retailer Nayara Energy to manage a satellite network solution across 3,500 retail outlets.
Company aims to have 7,400 petrol pumps by 2024-end
Diesel demand growth is likely to return to pre-COVID-19 levels by the end of 2021 or early 2022, said Ashutosh Deshpande at the Platts APPEC 2020 virtual conference
Global oil majors are looking at expanding foothold in the vast Indian market, where local refiners are investing billions of dollars to boost their petrochemical capacities
India accounted for about a third of Venezuela's oil shipments in January
The United States in January prohibited US-dollar transactions for oil sales from Venezuela's PDVSA or its units
The refinery has annual crude oil throughput of 20 million tonnes, importing it from various regions
Nayara is hopeful that the first round of successful fundraising will pave the way for more interest cost reduction