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NEW DELHI: Power distribution companies in the private and public sectors have staged a smart turnaround, reporting a combined profit of over Rs 2,700 crore in 2024-25, as against losses of Rs 25,553 crore in the previous year, govt said on Sunday.Power ministry officials attributed this to improved performance by state-run power utilities. “If we…
India’s state-run oil refiners are expected to continue importing Russian crude through intermediary traders despite fresh US sanctions on Rosneft PJSC and Lukoil PJSC, two of Russia’s largest oil companies, industry sources told PTI. The sanctions target firms accused of helping fund the Kremlin’s “war machine” in Ukraine.The sanctions, announced this week, cover companies that…
Union minister for petroleum and natural gas, Hardeep Singh Puri on Friday express disappointment with the investor community, citing the low valuation given to state-owned oil markets.Puri said that the government might consider selling part ownership in oil companies in order to increase efficiency, though there is no plan to sell any holding as of…
