Odisha may offer Posco the JV option with OMC

Last Updated: Tuesday, August 25, 2015, 19:07

Prime Minister's Principal Secretary Nripendra Misra on Tuesday held a meeting with Mines Secretary Balvinder Kumar, Steel Secretary Rakesh Singh, Odisha Chief Secretary G C Pati and Posco India CMD Gee Woong Sung on the steps that can be taken to save the project, sources said.

OMC shares drop after excise duty on petrol, diesel raised

Last Updated: Tuesday, December 2, 2014, 18:31

Shares of three listed state-owned oil marketing companies (OMC) fell up to 4 percent at close today, after the government raised excise duty on petrol by Rs 2.25 per litre and by Re 1 a litre on diesel.

IOC's Paradip Refinery to be commissioned from March 2015

Last Updated: Saturday, November 29, 2014, 20:43

India's largest refiner and oil marketing company Indian Oil Corporation's Rs 34,555-crore 15 million tonnes per annum Paradip Refinery will be commissioned in phases from March 2015 onwards, said chairman B Ashok on Saturday.

State-run oil firms' shares up on diesel price hike hopes

Last Updated: Thursday, December 26, 2013, 13:02

Shares of state-run oil marketing companies gain after a media report said the petroleum ministry was planning to propose a hike of 5 rupees in diesel prices.

RBI in no hurry to shut forex facility for oil refiners: Rajan

Last Updated: Wednesday, November 13, 2013, 22:31

Seeking to ensure stability in the currency market, Reserve Bank Governor Raghuram Rajan Wednesday said the central bank will not hurriedly close a special window for oil marketing companies (OMCs) to buy dollars for crude oil imports.

Centre favours OMC-NMDC venture to solve raw material crisis

Last Updated: Saturday, September 28, 2013, 21:04

Realising that the raw material linkage was a major hurdle for growth of the steel sector in the state, a collaboration between Odisha Mining Corporation (OMC) and National Mineral Development Corporation (NMDC) was encouraged to help overcome the problem.

Andhra court rejects Janardhana Reddy`s bail plea

Last Updated: Thursday, June 20, 2013, 12:57

The Andhra Pradesh High Court on Thursday dismissed the bail petitions of former Karnataka minister Gali Janardhana Reddy.

OMCs stocks rise as crude oil price slumps

Last Updated: Monday, April 15, 2013, 19:23

Shares of oil marketing companies (OMCs) Monday gained as much as over 5 percent led by BPCL amid lower crude oil prices in overseas market.

OMC case: Suspended IAS officer Srilakshmi surrenders in court

Last Updated: Thursday, March 21, 2013, 14:01

Suspended IAS officer Y Srilakshmi is an accused in the Obulapuram Mining Company scam involving former Karnataka minister Gali Janardhana Reddy.

No relief for mining baron Janardhan Reddy; bail plea rejected

Last Updated: Thursday, March 14, 2013, 21:55

Special CBI Court dismissed the bail plea of mining baron and former Karnataka Minister Gali Janardhan Reddy, a key accused in the illegal mining case involving his Obulapuram Mining Company (OMC).

OMC scam case: Centre nod to prosecute suspended IAS officer

Last Updated: Friday, March 8, 2013, 00:20

CBI got Centre`s nod to prosecute IAS officer Y Srilakshmi, accused in Obulapuram Mining Company (OMC) scam involving ex-Karnataka minister Gali Janardhan Reddy, under Prevention of Corruption Act.