At present, only 49 per cent FDI is permitted through automatic route in petroleum refining by the public sector undertakings (PSU), without any disinvestment or dilution of domestic equity in the existing PSUs. With this provision, a foreign player would not be able to buy more than 49 per cent stake in BPCL.
Mangalore Refinery and Petrochemicals employs more than 70% from Karnataka
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Last Updated: May 27, 2021, 10:27 PM IST
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Synopsis MRPL would like to reaffirm our commitment to a fair and transparent process that ensures social justice to all concerned, the company said.
PTI
MRPL) has initiated an investigation into the concerns raised by people s representatives on bypassing local people in recruitments and employing people from outside the state in the company. Being a responsible PSU, the chief vigilance officer is holding the investigation and will report to the central vigilance commission, a release from the company said on Thursday. A meeting on the recruitment issue was held recently in which the district-in-charge Minister, MP and MLAs in Dakshina Kannada district took part.
CIL s coal allocation to power sector under e-auction drops 28% in April
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Last Updated: May 25, 2021, 09:08 PM IST
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Synopsis
Coal distribution through forward e-auction is aimed at providing access to coal for such consumers who wish to have an assured supply over a long period, say one year, through e-auction mode so as to plan their operation.
Reuters
State-owned CIL s coal allocation under special forward e-auction for the power sector dropped 27.9 per cent to 2.19 million tonnes (MT) last month.
Coal India Ltd (CIL) had allocated 3.04 MT of coal in April last year, according to the latest monthly summary by the coal ministry for the Cabinet.
According to the companies involved in the project, the oxygen concentrator (OC) with 10 litres per minute flow with purity of above 93 per cent and capability to operate round-the-clock can be retailed at about half the price of imported units in the range of Rs 65,000-70,000 per piece.