India has lot of Gas fields but developing them to use them and get proper gas out put, these fields need to be developed by setting up proper machinery. India’s oil and gas production major, Oil and Natural Gas Corporation (ONGC) is going to invest about Rs. 2600 crore for the third phase of development […]
The Competition Commission of India has imposed penalty on 50 LPG manufacturers for collusive bidding against Indian Oil Corporation tender. The CCI imposed the penalty of 7% of the total turnover of the company in the current year. Indian Oil Corporation – IOCL In a recent order, the commission said that these private manufacturers has […]
As soon as the results of the five states legislative elections came out, the state owned oil companies are stressing the government to increase the price of petrol by Rs. 5 per litre. “We are losing Rs 5.10 per litre on petrol currently,” a senior oil company official said. “With counting for Assembly elections in […]
Compressed natural gas (CNG) prices in the National Capital Region will rise with effect from Monday midnight. Indraprastha Gas Limited (IGL) said the amendment in price would result in an increase of Rs 1.70 a kg in Delhi and Rs 1.90 a kg in Noida, Greater Noida and Ghaziabad. Mahanagar Gas “The new consumer price […]
The government bought many stakes of ONGC through auction, but they are over-rated, which costs about Rs. 12, 500 crore. They further added that the auction route may be preferred for the future disinvestments. ONGC – Oil & Natural Gas Corporation ONGC’ share on BSE and NSE closed at Rs 293.35 and Rs 293.20 respectively, […]
Rising prices of oil played chaos in the stock market sentiment, as both the benchmark indices day down around 3%, making India the worst performing market globally at closing time on Monday. The BSE Sensex ended at 17, 445, down by 477 points from its previous close. The NSE Nifty closes down by 148 points. […]
