Tag: Indian oil

The government plans to reduce its stake in Indian Oil, the country's largest oil refining company, to less than 51 per cent. However, the government and its companies will retain control over IndianOil.

Public sector oil companies have accused Air India of turning down the promise of payment. The companies said on Tuesday that Air India has reneged on the promise of payment of arrears of 100 crores every month and is not even giving any concrete roadmap of its payments, while the total arrears on the company have reached 5,000 crores.