Oil and gas exploration and production operators and national oil companies are working to attain a production level of 50 billion cubic metres (BCM) of gas and 40 million tonne (MT) of crude oil by FY24, the Union ministry of petroleum and natural gas said in a social media post. Domestic natural gas production in […]
Day: June 14, 2021
India opens up for coal export as CIL allows overseas trade for auctioned coal
India for the first time would export coal. Though Coal India (CIL) would not directly involve in exports, it would allow procurers, under the two auction windows, to export. The move is likely to be catalytic to CIL’s sales. “ However, in case of export, the onus of complying with any law/government rules/ regulations/ statutory […]
Covid Woes: Moody’s downgrades GMR’s Delhi airport
Moody’s Investors Service on Friday downgraded Delhi International Airport Limited’s (DIAL) corporate family rating (CFR) and senior secured ratings to ‘B1’ from ‘Ba3’. The rating agency also downgraded DIAL’s baseline credit assessment (BCA) and Cliffton Limited’s senior secured bond rating to ‘B1’ from ‘Ba3’, and said the outlook on the ratings is negative. Moody’s said […]
Discoms’ outstanding dues to gencos fall 11.2 pc to Rs 81,628 cr in April
Total outstanding dues owed by electricity distribution utilities or discoms to power producers fell 11.2 per cent to Rs 81,628 crore in April 2021 from a year ago. Distribution companies (discoms) owed a total Rs 91,915 crore to power generation firms in April 2020, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement […]
Coal India may announce 20-25 per cent additional dividend on June 14
World’s largest miner Coal India Ltd is expected to reward its shareholders with an additional final dividend of 20-25 per cent in its board meeting on June 14 that will declare fourth-quarter financial results, sources said. The miner though failed to achieve targeted production and offtake targets for FY21 but it has surpassed the revised […]
Solar equipment manufacturing: More clarity is needed on the agenda
Even as the government seeks to raise the solar equipment manufacturing capacity in the country through the Atmanirbhar Bharat plan, performance-linked incentive (PLI) scheme, and imposition of high customs duty from April next year, the industry is in a state of flux due to the second Covid-19 wave and uncertainty over the recent policy changes. […]
Oil holds near multi-year highs amid demand recovery
TOKYO: Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs. Brent crude was up 14 cents, or 0.2%, at $72.83 by 0123 GMT. It rose 1.1% last week and hit the highest since May 2019 of $73.09 on Friday.
HPCL share price up 0.39 per cent
Shares of Hindustan Petroleum Corporation Ltd. traded 0.39 per cent up at Rs 296.45 at around 10:05AM (IST) on Monday. The stock had closed at Rs 295.3 in the previous session. Equity benchmark Sensex traded 218.39 points lower at 52256.37 around the same time. The scrip has climbed 40.48 per cent in the last one […]
GAIL shares drop 1.1% as Sensex falls
Shares of GAIL NSE -1.40 % (India) Ltd. traded 1.1 per cent down at Rs 161.9 at 10:47AM (IST) on Monday, even as BSE benchmark Sensex dropped 238.05 points to 52236.71. The scrip had closed at Rs 163.7 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 170.0 and […]
Petronet LNG shares fall 0.24% as Nifty drops
Shares of Petronet LNG NSE 0.24 % Ltd. traded 0.24 per cent down at Rs 231.3 on Monday at around 10:57AM (IST), while the benchmark BSE Sensex declined 233.4 points to 52241.36. As many as 159,419 shares changed hands on the counter with a total value of Rs 3.68 crore. The stock quoted a 52-week […]
InterGlobe shares drop 0.99% as Sensex falls
Shares of InterGlobe Aviation Ltd. traded 0.99 per cent down at Rs 1773.5 at 11:07AM (IST) on Monday, even as BSE benchmark Sensex dropped 292.63 points to 52182.13. The scrip had settled at Rs 1791.3 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1859.6 and Rs 873.1, respectively. […]
Indian Oil Corp. shares drop 0.04% as Sensex falls
Shares of Indian Oil Corporation Ltd. traded 0.04 per cent down at Rs 115.05 at 11:44AM (IST) on Monday, even as BSE benchmark Sensex dropped 235.12 points to 52239.64. The scrip had closed at Rs 115.1 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 117.85 and Rs 71.35, […]