Vedanta's oil and gas arm, Cairn Oil & Gas produces about 3.5 million standard cubic meters per day of gas from its largely oil-bearing block in Rajasthan

The board of ONGC at its meeting on February 13 approved creation of a new wholly-owned subsidiary company for gas and liquefied natural gas (LNG) business value chain, according to the firm's third quarter earnings announcement

R Cluster is the first in trio of projects that account for 25 per cent of domestic production of these companies; S&P Global's unit CRISIL Risk and Infrastructure Solutions Ltd will conduct online auction process

Vedanta had put forward preliminary EoI for buying a 52.98 per cent stake in BPCL in November; govt's high-powered committee evaluates bids from Vedanta and other two private equity firms, Apollo Global and Think Gas

Gas production from R-Series has been delayed by six months because of COVID-19 pandemic and related disruptions in supply chain. Production from Satellite and MJ fields are expected in next financial year

If Agarwal's Vedanta buys BPCL, it will pit him directly against Reliance Industries Chairman Mukesh Ambani in the oil sector

Centre has received multiple EOIs for stake sale in BPCL, though names have not been made public. Biggest oil companies, including Mukesh Ambani's RIL, Saudi Aramco, BP, and Total, have, however, not shown interest in the state-owned oil firm

Reliance Industries, which was considered a potential bidder as BPCL would have added 22 per cent fuel market share to its fledgling retail business and made it the nation's number one oil refiner, did not put in an expression of interest

The asking price of close to $10 billion by the government for selling its entire 52.98 per cent stake may keep the energy giants away from bidding for a majority stake in the second largest oil refinery and marketing company in India

The government, which is exiting BPCL by selling its entire 52.98 per cent stake, has already extended the date of putting in the preliminary expression of interest (EoI) on four occasions

The investments of Facebook and Google in Jio Platforms have cemented RIL's position, catapulting its market value and putting it way ahead of TCS in the No.1 spot

Investors' wealth came down by Rs 1.2 lakh crore as the total market cap of the oil conglomerate stood at Rs 12.69 lakh crore as of today's closing session

In the second quarter, RIL refined 15.4 million tonne (MT) of crude to generate a revenue of Rs 62,154 crore. In the comparative quarter last year, it refined 16.7 MT crude, but generated Rs 97,229 crore

The global research firm believes that the proposed acquisition of Future Group's retail business will fortify Reliance's retail footprint, especially in the grocery retail sub-segment

The recent deals signed by Jio Platforms and Reliance Retail Ventures show that Mukesh Ambani has replicated Reliance Industries' success in petrochemical business into its telecom and retail businesses

Mukesh Ambani-led Reliance Industries and subsidiaries bought stakes in seven firms in 2018; nine in 2019; and five this year so far; four more are in the pipeline for the year 2020

Despite the write off, the company has further invested $5 billion along with RIL at three blocks in KG Basin- R Series, Satellite & MJ. BP's share would come around $1.5 billion in the new investment

India Stock Market Highlights Today: IndusInd Bank, followed by SBI, Bajaj Finance, Bajaj Finserv, Axis Bank, ICICI Bank, HDFC, M&M and Maruti were among the top gainers on Sensex pack. On the other hand, HCL Tech, Nestle India, UltraTech Cement and Tech Mahindra were among the laggards.

RIL share price gained 1.96% to Rs 2,132 against previous close of Rs 2091 on BSE

After selling stake in Jio Platforms to global tech giants and other big investors, he's now eyeing multiple takeovers in tech and consumer business space