Oil stocks tank up to 8% after cut in petrol, diesel prices; HPCL, BPCL, IOCL, GAIL, ONGC lead fall
OMCs have slashed petrol and diesel prices across the country by ₹2 per litre for the first time in two years since April 2022.
OMCs have slashed petrol and diesel prices across the country by ₹2 per litre for the first time in two years since April 2022.
Under the new agreement, LNG supplies will be made on delivered (DES) basis commencing from 2028 till 2048.
Mazagon Dock Shipbuilders Limited (MDL) has entered into an agreement with the Ministry of Defence's Acquisition Wing for a substantial contract valued at ₹1,600 crore.
The share price of Mazagon Dock Shipbuilders has more than doubled in the past six months, while it surged 170% in the calendar year 2023.
ONGC shares have risen more than 50% from its 52-week low of ₹132.95 touched on November 22, 2022.
PTC India's consolidated profit in Q1 was ₹143 crore, while earnings per share increased to ₹4.39 per share
Jio Financial Services, Reliance Industries, Power Grid, JSW Steel, Larsen & Toubro, and ONGC contributed the most to the losses in Sensex.
Among other state-owned OMCs, Oil India, GAIL (India), ONGC shares surged up to 4% amid strong volume trade.
ONGC has tied up with the Rajasthan govt for setting up 5 GW of solar and wind capacity and is scouting for partners for the remaining 5 GW which includes offshore wind capacity
The company has attributed the disputed service tax and GST on royalty as the reason behind its loss in the March quarter.