Prime Minister Narendra Modi on Tuesday held a high-level interaction with chief executives of leading global and Indian energy companies, underlining India’s growing importance in the global energy ecosystem and highlighting investment opportunities worth nearly USD 100 billion in exploration and production. The meeting took place at Lok Kalyan Marg…
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BP Offloads Castrol Stake in $8 Billion Strategic Shift
New Delhi: Global energy major BP has agreed to sell a majority stake in its Castrol lubricants business to investment firm Stonepeak, valuing the iconic brand at approximately $8 billion. The transaction marks BP’s largest single divestiture in recent years and reflects the company’s ongoing strategy to streamline its portfolio…