DOCSLIB.ORG

Natural Gas in India: an Analysis of Policy*

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Natural Gas in India: an Analysis of Policy* Natural Gas in India: An Analysis of Policy* Anil Jain and Anupama Sen NG 50 April 2011 * This working paper is based on some of the material in, Anil Jain, Natural Gas in India: Liberalisation and Policy, forthcoming, Oxford University Press, 2011. i The contents of this paper are the authors’ sole responsibility. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its members. Copyright © 2011 Oxford Institute for Energy Studies (Registered Charity, No. 286084) This publication may be reproduced in part for educational or non-profit purposes without special permission from the copyright holder, provided acknowledgment of the source is made. No use of this publication may be made for resale or for any other commercial purpose whatsoever without prior permission in writing from the Oxford Institute for Energy Studies. ISBN 978-1-907555-25-1 ii TABLE OF CONTENTS LIST OF ABBREVIATIONS ........................................................................................................... v APPROXIMATE CONVERSION FACTORS .............................................................................. vi 1. Introduction .................................................................................................................................... 1 2. Energy in the Indian Economy ..................................................................................................... 4 3. Political Economy and the Development of the Hydrocarbons Sector ..................................... 8 4. Supply and Demand ..................................................................................................................... 12 4.1 Domestic Supply ...................................................................................................................... 12 4.2 Domestic Demand .................................................................................................................... 15 4.2.1 Sector Demand ................................................................................................................... 16 4.3 Need for Imports ...................................................................................................................... 19 4.4 Supply and Demand: Summary of Analysis ............................................................................ 21 5. Gas Utilisation Policy ................................................................................................................... 24 5.1 The Origins of Gas Allocation in India .................................................................................... 24 5.2 The NELP Production Sharing Contract .................................................................................. 26 5.3 The Revival of Gas Allocation under NELP ............................................................................ 27 5.4 Reconciling the Conceptual Conflict within NELP: Policy Provisions ................................... 30 5.5 Gas Utilisation Policy and Pipeline Infrastructure ................................................................... 32 5.6 Gas Utilisation Policy: Summary of Observations................................................................... 35 6. Pricing ........................................................................................................................................... 37 6.1 Pricing Regimes in the Indian Gas Sector ................................................................................ 37 6.1.1 Pricing under the APM and Discovered Fields Regime .................................................... 38 6.1.2 Pricing of LNG .................................................................................................................. 39 6.1.3 Pricing of NELP Gas ......................................................................................................... 39 6.2 Pricing in the Fertilisers Sector ................................................................................................ 42 6.3 Pricing in the Power Sector ...................................................................................................... 47 6.3.1 Power Sector Reforms ....................................................................................................... 49 6.3.2 The Competitiveness of Gas-Based Power ........................................................................ 50 6.4 Pricing in the City Gas Sector .................................................................................................. 53 7. Conclusions ................................................................................................................................... 56 BIBLIOGRAPHY ............................................................................................................................ 63 Books .............................................................................................................................................. 63 Government Reports....................................................................................................................... 63 Other Reports ................................................................................................................................. 64 Press Releases and Newspaper Articles ......................................................................................... 65 Websites ......................................................................................................................................... 65 LIST OF TABLES Table 1: Primary Energy Mix, 2009 .................................................................................................... 5 Table 2: Share of Fuel in Total Installed Power Generation Capacity, 2010 ...................................... 5 Table 3: Percentage of Energy Use Met by Domestic Production ...................................................... 6 Table 4: Domestic Supply in 2012 (in mmscmd) .............................................................................. 14 Table 5: Status of Discoveries under NELP (1 April 2009) .............................................................. 15 Table 6: Demand Forecasts for Gas in India (in mmscmd) ............................................................... 16 Table 7: Total and Gas-based Captive Capacity ................................................................................ 17 Table 8: Demand for Gas by Consumer Sector – Eleventh Five Year Plan (in mmscmd) ................ 19 Table 9: LNG Supply Forecasts, 2012 ............................................................................................... 20 Table 10: LNG Supply by Terminal, 2012 ........................................................................................ 20 Table 11: Gas Consumption by Sector, 2008 (in mmscmd) .............................................................. 25 iii Table 12: Gas Utilisation Policy for NELP D-6 Gas ......................................................................... 28 Table 13: Allocation of NELP D-6 Gas (in mmscmd) ...................................................................... 29 Table 14: Regional Composition of (Net) APM Gas Production in 2009 (in mmscmd)................... 33 Table 15: Regional Distribution of Gas-Based Demand for Power ................................................... 33 Table 16: Existing and Proposed Gas Pipelines (in km) .................................................................... 34 Table 17: Prevailing Gas Prices in India, 2010 .................................................................................. 37 Table 18: Pricing of APM Gas to Consumers prior to Gas Price Increase (US$/mmbtu) ................ 38 Table 19: Urea Prices, Imports, and Subsidies, 2003–09 .................................................................. 45 Table 20: Volume of Electricity Traded by Price, 2007 .................................................................... 51 Table 21: Maximum and Minimum Average Rates of Electricity, 2007........................................... 52 Table 22: Cost of Generating Power from Different Fuels ................................................................ 53 Table 23: Price of Compressed Natural Gas and Liquefied Natural Gas by Consumer Sector ......... 54 Table 24: Price Comparison of Piped Natural Gas and Liquefied Petroleum Gas in the Household Sector ................................................................................................................................................. 54 Table 25: Fuel Cost Comparison in the Transport Sector .................................................................. 55 LIST OF FIGURES Figure1: Production and Consumption of Coal, Oil, and Natural Gas, 1989–2009 ............................ 4 Figure 2: Indian Energy Prices versus International Benchmarks ....................................................... 7 Figure 3: Gas Production by Producer Category (in mmscmd) ......................................................... 13 Figure 4: Composition of Gas Demand for Power (2014–15) in mmscmd ....................................... 17 Figure 5: Demand for Gas in Urea, 2012 (mmscmd) ........................................................................ 18 Figure 6: (Net) Production of Gas in India by Producer Category, 2001–09 (in mmscmd) .............. 21 Figure 7: International Price of Urea, 2008–09 (US$ per Metric Tonne).........................................
Load more

Recommended publications
  • Joint Statement on the Occasion of the 7Th India-Japan Energy Dialogue
    Joint Statement on the occasion of the 7th India-Japan Energy Dialogue between the Planning Commission of India and the Ministry of Economy, Trade and Industry of Japan 1. H.E. Mr. Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission of India and H.E. Mr. Toshimitsu Motegi, Minister of Economy, Trade and Industry of Japan held the 7th meeting of the India-Japan Energy Dialogue on September 12, 2013 in New Delhi. 2. Senior officials of the relevant ministries and departments of both sides participated in the discussions. Both sides welcomed the progress achieved so far in the previous six rounds of the Energy Dialogue and in the deliberations of the various Working Groups. They appreciated the sector-specific discussions by experts of both sides and the progress made in various areas of cooperation. 3. During the dialogue, both sides recognized that it is important to hold the India-Japan Energy Dialogues annually, and that the issues of energy security and global environment are high priority challenges requiring continuous and effective action. In particular, to overcome challenges such as the global-scale changes in the energy demand structure seen in recent years and soaring energy prices, both sides confirmed to strengthen consumer-producer dialogue on LNG and deepen cooperation in energy conservation and renewable energy sectors. In addition, both sides decided to strengthen programs to further disseminate and expand model business projects that have thus far been implemented by both sides, and to enhance cooperation in upstream development of petroleum and natural gas. 4. Both sides recognized the need to promote industrial cooperation to expand bilateral energy cooperation on a commercial basis, based on the Joint Statement issued at the 6th India-Japan Energy Dialogue.
    [Show full text]
  • The Pricing of Internationally Traded Gas
    The Pricing of Internationally Traded Gas Gas Pricing in India Anupama Sen OxfOrd University Press Great Clarendon Street, Oxford Ox2 6dP © Oxford Institute for Energy Studies 2012 The moral rights of the author have been asserted first published 2012 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission in writing of the Oxford Institute for Energy Studies, or as expressly permitted by law, or under terms agreed with the appropri- ate reprographics rights organization. Enquiries concerning reproduction outside the scope of the above should be sent to Oxford Institute for Energy Studies, 57 Woodstock road, Oxford Ox2 6fA. The contents of this book are the sole responsibility of the authors. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its members. IntroductIon Jonathan Stern This is the first academic book in any language to be entirely devoted to the pricing of internationally traded gas. The majority of books on gas are notably silent on the issue of pricing.1 Given the sizeable amount of research dealing with international oil prices, this is extremely surprising and would alone be sufficient justification for this work, but there are additional reasons for believing that such a volume is long overdue. First, the growing importance of natural gas in energy balances world- wide, which is partly a function of the expansion of international gas trade. Second the rise to prominence and importance of natural gas issues – and especially pricing issues – in energy and political relations between countries.
    [Show full text]
  • Report on Short-Term Power Market in India: 2018-19
    Report on Short-term Power Market in India: 2018-19 Economics Division Central Electricity Regulatory Commission The contents from the report can be freely copied/used with due acknowledgement to CERC Contents S.No Particulars Page No Contents i List of Tables iii List of Figures v Preface vii Abbreviations ix Executive Summary xiii Chapter-I: Overview of Power Sector 1 Generation 1 2 Transmission 6 3 Distribution 9 Chapter-II: Short-term Power Market in India 1 Introduction 13 2 Yearly Trends in Short-term Transactions of Electricity (2008-09 To 14 2018-19) 2.1 Total Short-term Transactions of Electricity with respect to Total 15 Electricity Generation 2.1.1 Electricity Transacted through Traders and Power Exchanges 16 2.1.2 Electricity Transacted through DSM 20 2.1.3 Electricity Transacted Directly between DISCOMs 21 3 Monthly Trends in Short-term Transactions of Electricity (April 2018- 22 March 2019) 3.1 Volume of Short-term Transactions of Electricity 23 3.2 Price of Short-term Transactions of Electricity 27 3.3 Volume of Electricity Transacted in Various Price Slabs 29 4 Daily Trends in Short-term Transactions of Electricity (1st April 2018 31 to 31st March 2019) 4.1 Volume of Short-term Transactions of Electricity 31 4.2 Price of Short-term Transactions of Electricity 32 4.2.1 Price and its volatility in Power Exchanges 32 4.2.2 Price and its volatility in DSM 33 Report on Short-term Power Market in India, 2018-19 i S.No Particulars Page No 5 Time of the Day Variation in Volume and Price of Electricity 34 Transacted through Traders
    [Show full text]
  • National Thermal Power Corporation Limited (Ntpc) Ministry of Power Committee on Public Undertakings (2020-21) Eighth Report Se
    8 NATIONAL THERMAL POWER CORPORATION LIMITED (NTPC) MINISTRY OF POWER COMMITTEE ON PUBLIC UNDERTAKINGS (2020-21) EIGHTH REPORT SEVENTEENTH LOK SABHA LOK SABHA SECRETARIAT NEW DELHI EIGHTH REPORT COMMITTEE ON PUBLIC UNDERTAKINGS (2020-21) (SEVENTEENTH LOK SABHA) NATIONAL THERMAL POWER CORPORATION LIMITED (NTPC) MINISTRY OF POWER Presented to Lok Sabha on 24.03.2021 Laid in Rajya Sabha on 24.03.2021. LOK SABHA SECRETARIAT NEW DELHI March, 2021/Chaitra, 1942 (Saka) ii C O N T E N T S Page No. Composition of the Committee (2020-21) (vi) Introduction (vii) PART – I CHAPTER - I PROFILE OF THE COMPANY 1 1. Brief History 1 2. Pioneering Role in Power Sector 2 3. Contribution to Exchequer 2 4. Creation of Employment (Direct & Indirect) 2 5. Developing the Communities around the Plants 3 6. Objectives of NTPC 4 7. Composition of Board of Directors 4 8. Independent Directors - Need for Domain Expertise 5 9. Absence of Required Number of Independent Directors 6 10. Representation of Women in Board of Directors 8 11. MoU with Ministry of Power 9 CHAPTER-II PHYSICAL PERFORMANCE 11 1. Details of Plants of NTPC 11 2. Growth in Installed Power Generation Capacity 12 3. Capacity Addition (Installed & Commercial) 13 4. Coal-based Power Generation 14 5. Gas-based Power Generation 14 6. Renewable (solar,wind,bio-mass) Based Power Generation 15 7. Domestic Content Requirements in RE Projects 19 8. Joint Ventures with ONGC for RE Projects 20 9. Hydro-Power Generation 20 10. Comparison of NTPC with International Counterparts in Performace Metrics 22 CHAPTER –III FINANCIAL PERFORMANCE 24 1.
    [Show full text]
  • US Energy Exports to India
    Vol. 3, Issue 5 May 2013 U.S. Energy Exports to India: A Game India’s Energy by the Numbers Changer 75% Amb. Karl F. Inderfurth and Persis Khambatta Of India’s energy is imported; by 2023 the number is expected to rise to 90 percent. When Indian foreign secretary Ranjan Mathai came to Washington in February, energy was high on his agenda. Energy cooperation, he said, 4th “could be a real big game changer…You will start a chain of investments Largest energy consumer in the world. As India’s far bigger than anything we’ve had before.” He found a highly receptive energy needs have vastly increased, it has been audience with high-ranking officials at the State and Energy Departments. unable to develop sufficient domestic energy With the policy communities in both capitals consistently looking for “the production capabilities and therefore relies heavily next big thing” on the horizon for the U.S.-India strategic partnership, the on imports to meet its energy demands. past few months have seen a potential breakthrough to expand U.S. 6th exports of liquefied natural gas (LNG) to India, which may lead to a big opportunity benefitting both countries. Largest liquefied natural gas (LNG) importer in the world. Until 2004, India produced all of its Changing Global Energy Landscape own LNG; in 2009, 21 percent of India’s total The United States and India are two of the world’s top five energy natural gas was imported. Importing is a financial consumers. To date, policy debates have focused on finding sustainable burden on federal funds, as imported LNG costs ways to satisfy the ever-expanding demand for energy by advanced twice as much as that produced domestically.
    [Show full text]
  • Annual Report 2 0 1 2 - 1 3
    Annual Report 2 0 1 2 - 1 3 Ministry of Power Government of India Shram Shakti Bhawan, Rafi Marg, New Delhi-110 001 Website : www.powermin.nic.in Shri Pranab Mukherjee, Hon’ble President of India with Shri Jyotiraditya M. Scindia, Hon’ble Union Minister of State for Power (Independent Charge) at the National Energy Conservation Day function CONTENTS Sl. No. Chapter Page No. (s) 1. Performance Highlights 5 2. Organisational Set Up and Functions of the Ministry of Power 9 3. Capacity Addition Programme in the XIIth Plan 11 4. Generation & Power Supply Position 23 5. Status of Ultra Mega Power Projects 35 6. Transmission 37 7. Status of Power Sector Reforms 41 8. Rural Electrification Programme 43 9. Re-Structured Accelerated Power Development and Reforms Programme (R-APDRP) 45 10. Energy Conservation 49 11. Renovation and Modernisation of Thermal Power Stations 53 12. Private Sector Participation in Power Sector 57 13. International Cooperation 59 14. Power Development Activities in North-Eastern Region 67 15. Central Electricity Authority 75 16. Central Electricity Regulatory Commission (CERC) 79 17. Appellate Tribunal for Electricity (APTEL) 83 Public Sector Undertakings: 18 NTPC Limited 85 19. NHPC Limited 105 20. Power Grid Corporation of India Ltd. (PGCIL) 111 21. Power Finance Corporation Ltd. (PFC) 115 22. Rural Electrification Corporation Ltd. (REC) 125 23. North Eastern Electric Power Corporation Limited (NEEPCO) 133 Joint Venture Corporations : 24. SJVN Limited (SJVNL) 135 25. THDC India Limited (THDCIL) 139 Statutory Bodies : 26. Damodar Valley Corporation (DVC) 143 27. Bhakra Beas Management Board (BBMB) 149 28. Bureau of Energy Efficiency (BEE) 155 Autonomous Bodies : 29.
    [Show full text]
  • IBEF Presentataion
    OIL and GAS For updated information, please visit www.ibef.org November 2017 Table of Content Executive Summary……………….….…….3 Advantage India…………………..….……...4 Market Overview and Trends………..……..6 Porters Five Forces Analysis.….…..……...28 Strategies Adopted……………...……….…30 Growth Drivers……………………..............33 Opportunities…….……….......…………..…40 Success Stories………….......…..…...…....43 Useful Information……….......………….….46 EXECUTIVE SUMMARY . In FY17, India had 234.5 MMTPA of refining capacity, making it the 2nd largest refiner in Asia. By the end of Second largest refiner in 2017, the oil refining capacity of India is expected to rise and reach more than 310 million tonnes. Private Asia companies own about 38.21 per cent of total refining capacity World’s fourth-largest . India’s energy demand is expected to double to 1,516 Mtoe by 2035 from 723.9 Mtoe in 2016. Moreover, the energy consumer country’s share in global primary energy consumption is projected to increase by 2-folds by 2035 Fourth-largest consumer . In 2016-17, India consumed 193.745 MMT of petroleum products. In 2017-18, up to October, the figure stood of oil and petroleum at 115.579 MMT. products . India was 3rd largest consumer of crude oil and petroleum products in the world in 2016. LNG imports into the country accounted for about one-fourth of total gas demand, which is estimated to further increase by two times, over next five years. To meet this rising demand the country plans to increase its LNG import capacity to 50 million tonnes in the coming years. Fourth-largest LNG . India increasingly relies on imported LNG; the country is the fourth largest LNG importer and accounted for importer in 2016 5.68 per cent of global imports.
    [Show full text]
  • 24-Feb-2021 SMIFS Research
    Morning Note Market Snapshot February 24, 2021 Market Snapshot (Updated at 8AM) Key Contents Indian Indices Close Net Chng. Chng. (%) Market Outlook/Recommendation Sensex 49751.41 7.09 0.01 Today’s Highlights Nifty 14707.80 32.10 0.22 Global News, Views and Updates Global Indices Close Net Chng. Chng. (%) Links to important News highlight DOW JONES 31537.35 15.66 0.05 Top News for Today NASDAQ COM. 13465.20 67.85 0.50 FTSE 100 6625.94 13.70 0.21 Tata Consumer Products: To replace GAIL (India) on the NIfty 50 index from March 31, 2021. CAC 40 5779.84 12.40 0.22 Coal India: A meeting of Board of Directors is scheduled on March 5, 2021 to DAX 13864.81 85.23 0.61 consider and approve payment of 2nd Interim Dividend for 2020-21, if any. The NIKKEI 225 30001.56 154.67 0.51 company has fixed March 16, 2021 as the record date. SHANGHAI 3631.13 5.23 0.14 NTPC: Has executed Share Purchase Agreements with GAIL (India) for purchase HANG SENG 30760.53 63.95 0.21 of GAIL's share of 25.51% in Ratnagiri Gas and Power and sale of NTPC's share of 14.82% (on fully dilutive basis) in Konkan LNG. Currency Close Net Chng. Chng. (%) United Spirits: Has initiated a strategic review of selected brands under its popular category. The review is aimed at continuing the company’s strategy USD / INR 72.47 0.03 0.04 toward long-term profitable growth through premiumising the portfolio.
    [Show full text]
  • Press Release Ratnagiri Gas and Power Private
    Press Release Ratnagiri Gas and Power Private Ltd October 19, 2020 Ratings Facilities Amount (Rs. crore) Rating1 Rating Action Bank facilities – Fund-based – Long 1,461.05 Revised from CARE BB-; Stable CARE D term -Term Loan (reduced from 1562.70) (Double B minus) 1,461.05 Total (Rs. One thousand four hundred sixty one crore and five lakh only) Details of instruments/facilities in Annexure-1 Detailed Rationale & Key Rating Drivers CARE has revised the ratings of Ratnagiri Gas and Power Private Ltd (RGPPL) to CARE D. Facilities with this rating are in default or are expected to be in default soon. The revision in the long term rating of RGPPL factors in the delay in servicing of its principal obligations by the company which were due at the end of September 2020. Key Rating Sensitivities: Positive: Timely servicing of debt obligations for more than three months. Detailed description of the key rating drivers Key Rating Weaknesses Delays in servicing of debt obligations RGPPL had not serviced the principal obligations due at the end of September 2020. The company is in discussion with its lenders for one time settlement (OTS) of its outstanding debt of Rs 1461.05 crore. As per minutes of the consortium meeting held on September 17, 2020, the company had proposed its lenders for OTS for which lead lender has given in-principle approval with cut- off date considered as September 01, 2020. Other lenders are still under process of taking requisite approvals. The company has only paid interest obligations due for the month of Sept 2020 while it has not made the principal payment due on Sept 30, 2020 as the process for OTS is underway.
    [Show full text]
  • Nuclear Energy in India's Energy Security Matrix
    Nuclear Energy in India’s Energy Security Matrix: An Appraisal 2 of 55 About the Author Maj Gen AK Chaturvedi, AVSM, VSM was commissioned in Corps of Engineers (Bengal Sappers) during December 1974 and after a distinguished career of 38 years, both within Engineers and the staff, retired in July 2012. He is an alumnus of the College of Military Engineers, Pune; Indian Institute of Technology, Madras; College of Defence Management, Secunderabad; and National Defence College, New Delhi. Post retirement, he is pursuing PhD on ‘India’s Energy Security: 2030’. He is a prolific writer, who has also been quite active in lecture circuit on national security issues. His areas of interests are energy, water and other elements of ‘National Security’. He is based at Lucknow. http://www.vifindia.org © Vivekananda International Foundation Nuclear Energy in India’s Energy Security Matrix: An Appraisal 3 of 55 Abstract Energy is essential for the economic growth of a nation. India, which is in the lower half of the countries as far as the energy consumption per capita is concerned, needs to leap frog from its present position to upper half, commensurate with its growing economic stature, by adopting an approach, where all available sources need to be optimally used in a coordinated manner, to bridge the demand supply gap. A new road map is needed to address the energy security issue in short, medium and long term. Solution should be sustainable, environment friendly and affordable. Nuclear energy, a relatively clean energy, has an advantage that the blueprint for its growth, which was made over half a century earlier, is still valid and though sputtering at times, but is moving steadily as envisaged.
    [Show full text]
  • Government of India Ministry of Railways Lok Sabha Unstarred Question No. 4233 to Be Answered on 21.03.2018 Purchase of Power Fr
    GOVERNMENT OF INDIA MINISTRY OF RAILWAYS LOK SABHA UNSTARRED QUESTION NO. 4233 TO BE ANSWERED ON 21.03.2018 PURCHASE OF POWER FROM DISCOMS 4233. SHRI C.S. PUTTA RAJU: Will the Minister of RAILWAYS be pleased to state: (a) whether the Government is purchasing power from various discoms across the country for its train operations and if so, the details thereof, discom-wise; (b) the details of expenses incurred on purchasing power from discoms, year-wise; (c) whether any proposal is pending with the Government to change this system of purchasing power from discoms; (d) if so, the details thereof; and (e) the time by which a final decision in this regard is likely to be taken? (f) ANSWER MINISTER OF STATE IN THE MINISTRY OF RAILWAYS (SHRI RAJEN GOHAIN) (a) & (b) Yes, Madam. Indian Railways is purchasing power from various Distribution Companies (DISCOMs) across the country for its train operations, details of which are appended. (c) to (e) Indian Railways was granted deemed licensee status in November, 2015 after which it has started to procure power through Open Access from Generating Companies (GENCOs) through tariff based bidding/bilateral arrangements and has made applications to Contd....2/- -2- various State Transmission Utilities (STUs) for obtaining “No Objection Certificate” (NOC). Indian Railways is presently drawing about 1000 MW through Open Access, out of about 2000 MW total requirement, in the States of Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, Jharkhand, Haryana, Karnataka and also in Damodar Valley Corporation (DVC) and Central Transmission Utility (CTU) points in Uttar Pradesh after the NOC was granted by the States.
    [Show full text]
  • Petr Oleum (Refiner Y and Marketing)
    PETROLEUM (REFINERY AND MARKETING) (REFINERY Public Enterprises Survey 2015-2016 : Vol-II 97 6. Petroleum (Refinery & Marketing) (` in Crore) As on 31.03.2016, there were 8 Central Public Sector Net Profit/ Loss S. No. Enterprise Enterprises in the Petroleum (Refinery and Marketing) 2015-16 2014-15 group. The names of these enterprises along with their 1 BHARAT PETROLEUM CORPN. LTD. 7431.88 5084.51 year of incorporation in chronological order are given 2 CHENNAI PETROLEUM CORPORATION 770.68 -38.99 below: - LTD. 3 GAIL (INDIA) LTD. 2298.9 3039.17 Year of S. No. Enterprise 4 GAIL GAS LTD. 38.96 16.84 Incorporation 5 HINDUSTAN PETROLEUM CORPN. LTD. 3862.74 2733.26 1 INDIAN OIL CORPORATION LTD. 1964 6 INDIAN OIL CORPORATION LTD. 10399.03 5273.03 2 CHENNAI PETROLEUM CORPORATION LTD. 1965 7 MANGALORE REFINERY & 1148.16 -1712.23 3 BHARAT PETROLEUM CORPN. LTD. 1976 PETROCHEMICALS LTD. 4 HINDUSTAN PETROLEUM CORPN. LTD. 1952 8 NUMALIGARH REFINERY LTD. 1222.34 718.31 5 GAIL (INDIA) LTD. 1984 SUB TOTAL : 27172.69 15113.9 MANGALORE REFINERY & PETROCHEMICALS 6 1988 LTD. 6. Dividend: The details of dividend declared by the 7 NUMALIGARH REFINERY LTD. 1993 individual enterprises are given below: (` in Crore) 8 GAIL GAS LTD. 2008 Dividend S. No. Enterprise 2. The enterprises falling in this group are mainly 2015-16 2014-15 engaged in producing and selling of petroleum and 1 BHARAT PETROLEUM CORPN. LTD. 2241.56 1626.94 petroleum products such as diesel, kerosene, naphtha, 2 CHENNAI PETROLEUM CORPORATION 94.08 0 gas lubes, greases, chemical additives, lubricants, etc.
    [Show full text]