ONGC, Oil India, IOC shares rise up to 2% as govt scraps windfall tax on domestic crude
The central government on Tuesday cut the windfall tax on domestically produced crude oil to ‘nil’ per tonne with effect from September 18.
The central government on Tuesday cut the windfall tax on domestically produced crude oil to ‘nil’ per tonne with effect from September 18.
HPCL, BPCL, IOC reported a combined loss of ₹18,480 crore in the June quarter due to a decline in the margin on petrol, diesel, and domestic LPG in the backdrop of rise in international crude prices
The Sensex and Nifty are poised to open with solid gains on Friday as shares in Asia and Wall Street rose despite negative GDP figures
As fuel prices increased, revenue from operations increased 26% to ₹2,06,460.89 crore during Q4 FY22, compared with ₹1,63,732.98 crore in the year-ago period.
There won’t be any one form of energy. It will be fossil fuels, gas, renewables and biofuels, says IOC CMD Shrikant Madhav Vaidya.
Oil-marketing companies are gearing up for a transition to non-fossil fuels by transforming into green energy companies selling biofuels and high-value chemicals.
With 10,000, 7,000 and 5,000 charging stations, respectively, IOC, BPCL & HPCL gear up for an EV revolution within 2-3 years.
Company looks to convert 15% of crude into petrochemicals, foray into textile fibre business in a big way.
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ICICI Bank, L&T make it to top 10; oil and gas companies dominate.