ONGC is currently trading at Rs. 126.85, up by 0.90 points or 0.71% from its previous closing of Rs. 125.95 on the BSE. The scrip opened at Rs. 126.50 and has touched a high and low of Rs. 127.00 and Rs. 125.50 respectively. So far 76056 shares were traded on the counter.
Indian gas company H-Energy announced earlier this week an agreement to build a liquefied natural gas regasification and reloading terminal at Kakinada port, in the eastern state of Andhra Pradesh.
Torrent Gas, a part of the Torrent Pharma Group, is expanding its city gas distribution (CGD) business by acquiring three companies. This is in addition to the 13 geographical areas it won in bidding.
India’s move to acquire reserves of strategic minerals like lithium and cobalt to power the country’s move into electric vehicles is all set to become a reality with three state-owned metal and mining companies due to ink a joint venture agreement early next month.
State oil companies’ ability to freely price fuel during an election will likely be tested again as crude oil nears $70 a barrel. Crude oil gained $4 a barrel in a month mainly on contracting supplies from key producers such as Saudi Arabia
Diesel prices across the four metro cities declined for the fourth straight day, with prices falling by 8 to 9 paise on Sunday, data on the Indian Oil Corp website showed.
Grappling a shortfall in tax revenues, the government has pressed cash-rich PSUs like Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC) to pay a second interim dividend for the current fiscal after seeking regulatory nods.
Oil Minister Dharmendra Pradhan officially launched the third round of India’s mega oil and gas auctions held under new Open Acreage Licensing Policy (OALP) at Petrotech 2019.
At a time when the Union Cabinet has expanded the ambit of Pradhan Mantri Ujjwala Yojana (PMUY) to all ‘poor people’, the flagship scheme of the BJP government is set to complete 60 million-consumer mark on Monday.
Oil marketing major Indian Oil Corporation Ltd (IOCL) plans to start production from its polypropylene unit at Paradip by December end this year. “The 15 million tonne refinery is already producing diesel, petrol,