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Govt's $20 billion refinery expansion to cut fuel oil output

India may turn into a net importer of fuel oil as its state-owned refiners are making multi-billion dollar investments to upgrade their refineries and produce more profitable refined products such as gasoline or diesel.

 
 
Nearly Rs 1.34 lakh crore worth of debt on operational and under-construction power projects is at risk, says ratings agency Crisil.
The Cabinet today gave its nod to a consortium of IOC, Oil India and BPCL buying stakes in two Russian oilfields for a total of $3.14 billion.
Union Power Minister Piyush Goyal on Thursday asked electrical equipment manufacturers to ensure quality to face competition from China, Korea and other countries.
 
 
The company is expected to snap its six-quarter long rising trend on the growth front by reporting a 4.4 per cent sequential drop in standalone net profit in Q2.
Petrol will cost Rs 64.05 a litre from midnight tonight as against Rs 63.47. Similarly, diesel will cost Rs 52.63 a litre as compared to Rs 52.94 a litre.
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