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.
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India signs 20-year natural gas deal with Qatar
Under the new agreement, LNG supplies will be made on delivered (DES) basis commencing from 2028 till 2048.
BPCL shares jump on plan to invest ₹5,000 cr at Kochi plant
State-owned BPCL to invest ₹5,044 crore for establishing a polypropylene production facility at the Kochi refinery in Kerala.
OMCs Face Crude Shocks
State-owned oil marketing companies bore the brunt of high oil prices and suppressed marketing margins in FY23. Cheap Russian supply and softer crude oil prices may change the script in FY24.
BPCL shares hit 52-week high on dividend declaration
The company announced an interim dividend of ₹21 for the FY23-24.
Indian Chemical Firms Take Fight To China
India's initiative to indigenise chemicals is meant to emerge as an alternative to China in global markets.
India Inc.’S Corporate Scorecard
Companies overcome global headwinds and domestic challenges to ride the growth train.
Rising petrochemicals supply in India to reduce import demand: Moody's
Indian state-owned oil and gas companies are investing significantly to increase capacities to boost the country's petrochemical supply.
Oil stocks rally; BPCL, HPCL, IOC hit 52-week highs
Among other state-owned OMCs, Oil India, GAIL (India), ONGC shares surged up to 4% amid strong volume trade.
BPCL announces ₹49,000 cr capex for Bina refinery expansion; stock dips
Co to implement an ethylene cracker project at Bina Refinery; to setting up two 50 MW wind power plants; and petroleum oil lubricants, lube oil base stock installations
