RIL Pays 6 Pc More To Buy Own Gas

RIL Pays 6 Pc More To Buy Own Gas

Reliance Industries is paying 6 per cent more price to buy coal-bed methane gas from its own block in Madhya Pradesh in the second quarter of current fiscal, the company said in an investor presentation.

ONGC Not To Make Open Offer Post HPCL Acquisition: Official

ONGC Not To Make Open Offer Post HPCL Acquisition: Official

ONGC will not be required to make an open offer to minority shareholders of HPCL after buying out government’s 51.11 per cent stake as the deal won’t trigger takeover norms as did the IOC-IBP merger in 2002, a senior government official said.