Oil India’s New Profit Engine
Ranjit Rath takes to new techniques to monetise discoveries, upgrades infrastructure, boosting the market cap of the Maharatna CPSE.
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October 2024
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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.
Oil India, ONGC shares fall up to 23% in September; here’s why
The BSE Oil & Gas Index has seen a correction of 7% in September, amid sharp decline in crude oil prices.
Windfall tax on petroleum crude hiked 84% to ₹6,000 per MT
Of the stocks included in the Nifty Oil & Gas index,13 are on the rise today, with Adani Total Gas and Oil India up 4.10% and 2.52%, respectively.
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.
City Gas distributors' stocks rally up to 5%; Adani Total Gas, ONGC, MGL lead
The stock prices of city gas distributors surged as they cut CNG and PNG prices after the Centre revised the pricing methodology for domestic natural gas.
Sensex, Nifty to open tad lower; Hindalco, Coal India, IRCTC, Oil India, SAIL, IGL, HDFC shares eyed
The Sensex and Nifty are poised to slide in the opening trade on Wednesday, following weak cues from global peers as caution prevailed ahead of the U.S. inflation data.
Reliance, ONGC, Oil India extend fall on windfall tax; slump up to 20% in 2 sessions
Shares of Oil India have plunged 20% in two sessions, while ONGC and RIL tumbled 18% and 8.7%, respectively, during this period.
Govt deregulates sale of domestic crude oil
The deregulation of domestic crude will further spur economic activities and incentivise investments in the upstream oil and gas sector.
MRPL, CPCL, Oil India, ONGC, Adani Total fall up to 19%; here’s why
Shares of oil companies were under stress as international crude prices fell about 5% to hit a three-week low on Friday.
