City gas distributors, fertiliser and other end users to gain; MGL can see up to 14 per cent earnings upside: Analysts.
All that happened in the markets today
Cinema and leisure related stocks are expected to trade actively today after the central government announced Unlock 5.0 guidelines
Natural gas price in India touched the lowest rate on record after the government on Wednesday slashed the price by 25 per cent to $1.79, denting revenues of producers like ONGC
Relief for producers as prices and demand falling globally
GAIL said about 30 MMSCMD of natural gas supplies into GAIL's north-western pipeline network was immediately shut by the upstream major to contain any further damage
The fire broke out at around 3 am at Oil and Natural Gas Corp's (ONGC) Hazira gas processing plant and was extinguished by 7.30 am, the company said in a tweet
From BSE 500 index underperforming since March, GAIL cutting supplies after fire at ONGC plant to S&P on banking system recovery, Business Standard brings you top news of the evening
The reason for the massive fire is being attributed to three consecutive blasts that took place at two terminals of the Hazira-based ONGC plant
GAIL (India) Ltd has cut supplies by about 40% to customers, mainly power and fertiliser companies, after a pipeline rupture led to a fire in an Oil and Natural Gas Corp plant, a company source said
According to media reports, three consecutive blasts that took place at two terminals of the Hazira-based ONGC plant in Surat at around 3:30 am caused the fire
It is also planning to give sops to producers by extending concessions, stretching timelines and asking the finance ministry to reduce oil cess.
From Russian vaccine making its way to India to ONGC withdrawal from Sudan oil fields, here are top headlines this morning
ONGC Videsh (OVL), the overseas investment arm of the state-owned firm, as also its Chinese partner CNPC and Malaysia's Petronas have withdrawn from the block, a top company official said
With not much upside in output and gas prices weak, earnings are expected to be under pressure
The company is scheduled to announce its April-June quarter (Q1FY21) result on Friday, September 11.
ONGC has managed to save its golf courses in Ahmedabad and Vadodara after the department of disinvestment dropped a proposal to divest the company of the 'non-core' assets, sources said.
"Capex flow will get pushed to next fiscal," Subhash Kumar said adding FY21 capex would be around Rs 26,500 crore
All that happened in the markets today
Standalone gross revenue came in at Rs 13,011 crore, down 51 per cent YoY from Rs 26,555 crore posted in Q1FY20