ONGC shares slip 3% after fire at Surat plant

MUMBAI: Shares of Oil & Natural Gas Corporation Limited (ONGC) slipped as much as 3.3% after a massive fire broke out at the company’s plant at Hazira near Surat in Gujarat early Thursday.

However, they recovered some losses later and were at ₹66.70, down 1.4% from the previous close, while the benchmark index, Sensex fell around 2% to 36937.91.

“A fire was observed in the Hazira Gas processing plant in the morning today. Fire has been brought under control. There is no casualty or injury to any person,” ONGC said in a tweet.