Fortis Leases 200-Bed Hospital in Greater Noida

OMCs Face Rs. 5.3 bn Daily Loss as Fuel Prices Stay Unchanged

Oil marketing companies (OMCs) are estimated to be losing around Rs. 5.3 bn a day as higher crude oil and LPG prices widen losses on petrol, diesel and domestic LPG, rating agency ICRA said. Domestic retail prices have remained unchanged despite the sharp increase in international energy prices. ICRA estimated OMC marketing margins at negative Rs. 8 per litre for petrol and negative Rs. 9 per litre for diesel. Under-recoveries on domestic LPG were estimated at around Rs. 300 per cylinder in September 2026, while the cumulative negative LPG buffer rose to Rs. 619.4 bn as of June 30, 2026. The I..

India Steps on the Gas as Refiners Raise LPG Output

Indian state-owned refiners have increased liquefied petroleum gas (LPG) production as the festive season lifts demand for cooking fuel while conflict in the Persian Gulf disrupts contracted supplies. Domestic output has reached about 44,000 t a day, according to a Bloomberg report, nearly 20 per cent above the August average. India, the world’s second-largest LPG importer, previously sourced most of its supplies from the Persian Gulf. That concentration left the country vulnerable to conflict and trade disruptions, prompting the government and refiners to seek alternative cargoes and increa..

Goa Floats Rs. 270.4 mn PPP Tender for Panaji Port

The Captain of Ports (CoP) Department of the Goa Government has invited bids for a Public-Private Partnership project estimated at Rs. 270.4 mn to operate and maintain the Captain of Ports Terminal Building in Panaji, manage a network of jetties and develop a yacht docking station. The concession will run for 30 years and may be extended by 10 years under a Leave and License model. The selected operator will manage the terminal on Dayanand Bandodkar Marg, which covers approximately 3,205 sq. m. across its ground and upper floors. Facilities include commercial spaces, a rooftop restaurant with ..