OMC

Fertiliser, food subsidies, payments to OMCs for LPG dominated supplementary demand

In a major relief to senior IAS officer of the Andhra Pradesh cadre, Y. Srilakshmi, the Telangana High Court on Tuesday quashed charges against her in the Obulapuram mining case filed by the CBI

The government's ambitious aim to double the blending target could face challenges from two of the three sources: Grain-based and biomass-based

Brent crude oil prices remained near three-week highs of $92.9 per barrel as of late Thursday

OMCs to shift to single uniform system instead of the prevailing dual pricing mechanism for domestic and overseas airlines

Japan's Chubu Electric Power Co Inc said it will spend up to 5 billion yen ($39 million) to buy a 20% stake in India's rural renewable energy service company, OMC Power Private Ltd

Except IOC, which managed to hold 200-DMA, other stocks are in no mood to conquer their respective hurdles yet, technical charts indicate

Blending crossed 8.93% on Feb 16; trade sources say to achieve the 10% mark, 4.37 bn litres of ethanol are required of which 4.20 bn litres have already been offered via tenders and finalised by OMC

Move to curb ethanol's over-dependence on sugarcane, say OMCs

Prices also remained static on Monday in Kolkata where the price of petrol reduced by Rs 5.82 to Rs 104.67 per litre and that of diesel by Rs 11.77 to Rs 89.79 per litre in the first week of November.

While analysts expect excise duty cuts or price hikes to offset pressure on marketing margins, there is some uncertainty currently; Oil producers seen gaining

Oil marketing companies held back the increase in the prices of petrol and diesel, much to the relief of consumers who have faced consistent increase in auto fuel prices in the past week

Analysts expect marketing margin concerns, most of which are already priced in, to recede after elections, and say valuations are now attractive

Analysts say firms can source oil from other countries, but investors need to be conscious about rising crude prices

On Wednesday, prices of petrol touched a 15-month of Rs 68.65 a litre in Delhi, while diesel was seen at Rs 62.66 a litre

For the first time, the OMCs have invited bids from private players online to ensure transparency and the bidding process would be conducted by an independent agency

Share prices for the 3 PSU stocks plummeted through the April-October period. There is now a rebound. In the past 30 days, BPCL is up 18%, HPCL is up 15% and IOC is up 6.5%

Margins may go back to Re 1 or Rs 1.5 a litre, if the oil marketing companies aren't able to pass on the crude price hike to the consumer

Higher refining margins, rising demand, new capacities and improving profitability in fuel retailing to drive earnings

Odisha Mining Corporation (OMC) has floated tenders to start operations from its Kodingamali bauxite lease.In the first year of operations, OMC, a state run entity, targets to produce 1.5 million tonnes. From second year onwards, the output is set to expand to three million tonnes per annum (mtpa), said a government official in the know.The commencement of operations from Kodingamali mine would mark OMC's foray into bauxite mining. Though OMC has a few bauxite mines in its kitty, the mines have not been able to start operations as they lack the regulatory clearances. Bauxite deposits at Karlapat and Sasubohumali despite being reserved in OMC's favour have not opened up for want of environment and forest clearances.Bauxite mining from Kodingamali is also expected to come to the rescue of alumina units struggling to arrange raw material from local sources, notably the Lanjigarh refinery owned by Vedanta. The Lanjigarh refinery is currently fed entirely by bauxite sourced from other ...