Powered by: Motilal Oswal

News

Linde India jumps on securing LoA from Indian Oil Corporation Linde India is currently trading at Rs. 6119.00, up by 355.85 points or 6.17% from its previous closing of Rs. 5763.15 on the BSE. The scrip opened at Rs. 5825.05 and has touched a high and low of Rs. 6120.00 and Rs. 5825.05 respectively. So far 5859 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6,120.00 on 23-Aug-2023 and a 52 week low of Rs. 2932.85 on 02-Nov-2022. Last one week high and low of the scrip st...
Linde India jumps on securing LoA from Indian Oil Corporation
Linde India jumps on securing LoA from Indian Oil Corporation
Source: Accord Fintech
23/08/2023 10:05:46 AM
Exclusive-India central bank nudges banks to settle UAE trades in rupee, dirham India's central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and India using the dirham (AED) or Indian rupee (INR) to reduce U.S.-dollar-based transactions, five sources told Reuters. The move is part of the Reserve Bank of India's broader aim of promoting settlement in local currencies with countries with which India has a trade deficit, with the knock-on effect of boosting the rupee's global reach, three banking sources sa...
Exclusive-India central bank nudges banks to settle UAE trades in rupee, dirham
Exclusive-India central bank nudges banks to settle UAE trades in rupee, dirham
Source: Reuters
21/08/2023 4:39:49 PM
Enterprise skilling company Disprz raises $30 mn to expand footprint Enterprise skilling company Disprz on Monday said it has raised $30 million in its Series C funding round led by Lumos Capital Group and 360 ONE Asset  (IIFL). The round also saw participation from Kae Capital, KOIS and Dallas Venture Capital. The funds, said the firm, will be utilised for global market expansion and product development, including the integration of Generative AI across the learning and skilling cycle. “We have built one of the world’s early skill-based...
Enterprise skilling company Disprz raises $30 mn to expand footprint
Enterprise skilling company Disprz raises $30 mn to expand footprint
Source: IANS
7/08/2023 10:47:56 AM
Heavy rains dampen India`s gasoil, gasoline sales in July Indian state retailers' gasoline and diesel sales fell in July from the previous month as monsoon rains reduced mobility and construction work, according to preliminary sales data. Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods. Monthly gasoil sales in absolute terms in July fell about 13.7% to 6.15 million tonnes while gasoline ...
Heavy rains dampen India`s gasoil, gasoline sales in July
Heavy rains dampen India`s gasoil, gasoline sales in July
Source: Reuters
1/08/2023 12:49:16 PM
Indian Oil Corporation gains on signing deals with Abu Dhabi Gas Liquefaction, TotalEnergies Indian Oil Corporation is currently trading at Rs. 97.53, up by 0.16 points or 0.16% from its previous closing of Rs. 97.37 on the BSE. The scrip opened at Rs. 98.00 and has touched a high and low of Rs. 98.34 and Rs. 97.17 respectively. So far 1265716 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.44 on 10-Jul-2023 and a 52 week low of Rs. 65.20 on 29-Sep-2022. Last one week high and low of the scrip stoo...
Indian Oil Corporation gains on signing deals with Abu Dhabi Gas Liquefaction, TotalEnergies
Indian Oil Corporation gains on signing deals with Abu Dhabi Gas Liquefaction, TotalEnergies
Source: Accord Fintech
18/07/2023 1:41:27 PM
Exclusive-India refiners start yuan payments for Russian oil imports Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments. Western punishments over Russia's invasion of Ukraine have shifted global trade flows for its top export, with India emerging as the largest buyer of seaborne Russian oil even as it casts about for how to pay for it amid shifting sanctions. Th...
Exclusive-India refiners start yuan payments for Russian oil imports
Exclusive-India refiners start yuan payments for Russian oil imports
Source: Reuters
3/07/2023 3:50:25 PM
Uttar Pradesh to have 6609 new fuel outlets   The Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), are set to open 6,609 new fuel stations in Uttar Pradesh. The companies are undertaking the expansion of their retail outlet network to cater to the rising demand. The expansion will cater to emerging markets such as urban areas, upcoming highways, agricultural pockets, rural, remote, and far-flung areas in the state. According to official sources, IOC...
Uttar Pradesh to have 6609 new fuel outlets
Uttar Pradesh to have 6609 new fuel outlets
Source: IANS
29/06/2023 3:10:22 PM
Exclusive-India starts process to fund state refiners` green goals via equity -sources The Indian government this week kicked off a multi-billion-dollar process seeking equity in its three big state refiners in return for funding towards the firms' energy transition projects, three sources familiar with the matter told Reuters. The Oil Ministry on Wednesday asked state-controlled Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL) to launch rights issues, and asked Hindustan Petroleum Corp Ltd (HPCL) to make a preferential share allotment to the government, the people s...
Exclusive-India starts process to fund state refiners` green goals via equity -sources
Exclusive-India starts process to fund state refiners` green goals via equity -sources
Source: Reuters
23/06/2023 6:02:52 PM
Exclusive-India`s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources Indian state-run refiner BPCL is in talks with Rosneft to buy about 6 million metric tons (43.8 million barrels) of discounted Russian crude at a price based on the Dubai benchmark, according to three sources with direct knowledge of the matter. The deal would deepen India's commitment to its now-biggest oil supplier in the wake of Western sanctions on Moscow and mark a continued shift by Rosneft to pricing its oil against the Middle Eastern benchmark used in Asia and away from the Eur...
Exclusive-India`s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources
Exclusive-India`s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources
Source: Reuters
23/06/2023 5:27:21 PM
Indian Oil exec expects Russia to make up 30% of company's imports this year  (This June 17 story has been corrected throughout to show comments were from Indian Oil executive, not head of ONGC, as erroneously reported by Interfax news agency; and adds quotes from online broadcast of the panel)   Russia may account for almost a third of Indian Oil's crude oil imports in the current financial year, an executive at the company said on Saturday. "(The) share of Russian crude oil imports, which was less than 2% in '21/22 has increased 10 ti...
Indian Oil exec expects Russia to make up 30% of company's imports this year
Indian Oil exec expects Russia to make up 30% of company's imports this year
Source: Reuters
19/06/2023 9:13:40 AM
ONGC gains on inking MoU with Indian Oil Corporation Oil & Natural Gas Corporation is currently trading at Rs. 157.85, up by 0.25 points or 0.16% from its previous closing of Rs. 157.60 on the BSE. The scrip opened at Rs. 158.00 and has touched a high and low of Rs. 158.60 and Rs. 157.10 respectively. So far 184894 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 168.95 on 12-May-2023 and a 52 week low of Rs. 119.80 on 06-Jul-2022. Last one week high and low of...
ONGC gains on inking MoU with Indian Oil Corporation
ONGC gains on inking MoU with Indian Oil Corporation
Source: Accord Fintech
16/06/2023 3:18:33 PM
IOC gains on emerging as top bidder for Reliance's KG gas for 2nd auction in row Indian Oil Corporation is currently trading at Rs. 91.10, up by 0.79 points or 0.87% from its previous closing of Rs. 90.31 on the BSE. The scrip opened at Rs. 90.36 and has touched a high and low of Rs. 91.42 and Rs. 90.20 respectively. So far 374919 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.65 on 09-Jun-2023 and a 52 week low of Rs. 65.20 on 29-Sep-2022. Last one week high and low of the scrip stood ...
IOC gains on emerging as top bidder for Reliance's KG gas for 2nd auction in row
IOC gains on emerging as top bidder for Reliance's KG gas for 2nd auction in row
Source: Accord Fintech
12/06/2023 11:51:18 AM
Indian Oil Corporation rises on incorporating Joint Venture Company Indian Oil Corporation is currently trading at Rs. 89.59, up by 0.38 points or 0.43% from its previous closing of Rs. 89.21 on the BSE. The scrip opened at Rs. 89.11 and has touched a high and low of Rs. 89.80 and Rs. 88.96 respectively. So far 246303 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.43 on 31-May-2023 and a 52 week low of Rs. 65.20 on 29-Sep-2022. Last one week high and low of the scrip stood ...
Indian Oil Corporation rises on incorporating Joint Venture Company
Indian Oil Corporation rises on incorporating Joint Venture Company
Source: Accord Fintech
6/06/2023 11:32:49 AM
Engineers India Ltd expects more orders from Middle East - chairperson State-run Engineers India Ltd (EIL) expects to get more orders from the Middle East, where the focus is on maximising oil production, the company's chairperson said on Friday. "There is an upside to increasing production before energy transition kicks in and we want to capture that opportunity, and that opportunity is in the Middle East so therefore we are consolidating there," EIL Charperson Vartika Shukla told reporters at an earnings conference. EIL has raised its staff...
Engineers India Ltd expects more orders from Middle East - chairperson
Engineers India Ltd expects more orders from Middle East - chairperson
Source: Reuters
27/05/2023 10:01:29 AM
Indian Oil Corporation: Middle East deals squeezed out by Russian crude  The chairman of Indian Oil Corporation , the country's top refiner by capacity, on Monday said he remained committed to term contracts with the Middle East but spot purchases from the region have fallen as more Russian crude has been imported. "Spot purchases have gone down because somewhere there has to be a dip to make up for all the Russian purchases," Shrikant Madhav Vaidya told the Middle East Oil and Gas Conference in Dubai. Vaidya also said Russian cargoes fit...
Indian Oil Corporation: Middle East deals squeezed out by Russian crude
Indian Oil Corporation: Middle East deals squeezed out by Russian crude
Source: Reuters
22/05/2023 3:18:17 PM
Indian Oil eyes processing bio-naphtha for petrochemicals -chairman Indian Oil Corp., the country's top refiner, said on Friday it is looking to decarbonise its petrochemical feedstocks by introducing bio-naphtha at its crackers. "To attain sustainability, bio-based feedstocks such as bio-naphtha and bio-ethanol are being envisaged as the natural transition for the petrochemical industry," the company's Chairman Shrikant Madhav Vaidya said at Asia Petrochemical Industry Conference, without providing a timeline. Bio-naphtha is typically...
Indian Oil eyes processing bio-naphtha for petrochemicals -chairman
Indian Oil eyes processing bio-naphtha for petrochemicals -chairman
Source: Reuters
19/05/2023 2:53:47 PM
India`s Hindustan Petroleum posts biggest jump in quarterly profit in 9 years Indian state-owned oil refiner Hindustan Petroleum Corporation Ltd on Friday said it posted its biggest quarterly profit in nine years, helped by a fall in crude prices and higher refinery margins. Net profit for the fourth quarter ended March 31 jumped about 80% to 32.23 billion rupees ($394.1 million) from 17.95 billion rupees a year earlier, according to a stock exchange filing. Sale of products grew nearly 8.6% to 1.14 trillion rupees, with domestic sales rising to 10.92 million met...
India`s Hindustan Petroleum posts biggest jump in quarterly profit in 9 years
India`s Hindustan Petroleum posts biggest jump in quarterly profit in 9 years
Source: Reuters
13/05/2023 9:58:36 AM
Exclusive-India considering allowing foreign investment in nuclear power India is considering overturning a ban on foreign investment in its nuclear power industry and allowing greater participation by domestic private firms, two government sources told Reuters, as part of a push for cleaner energy. The measures have been recommended by a government panel, set up by think-tank Niti Aayog which is headed by Prime Minister Narendra Modi. Under India's Atomic Energy Act 1962, the government plays a central role in developing and running nuclear power statio...
Exclusive-India considering allowing foreign investment in nuclear power
Exclusive-India considering allowing foreign investment in nuclear power
Source: Reuters
5/05/2023 5:26:29 PM
India state retailers gasoil sales rose in April m/m Indian state fuel retailers' gasoil sales rose in April from the previous month, preliminary sales data showed, indicating a pick up in economic activity. Daily sales of gasoil rose by 4.8% to 238,500 tonnes in April compared with March, the data showed. Gasoil accounts for about two-fifths of refined fuel consumption in India and is directly linked to industrial activity India's factory activity expanded at its quickest pace in more than four months in April to 57.2, driven ...
India state retailers gasoil sales rose in April m/m
India state retailers gasoil sales rose in April m/m
Source: Reuters
1/05/2023 4:01:34 PM
India plans green hydrogen incentives of at least 10% of cost -source India plans to give green hydrogen fuel producers incentives worth at least 10% of their costs under a $2 billion scheme set to begin before the end of June, a top government official said. New Delhi this year approved a 174.9 billion rupee incentive plan to promote green hydrogen in a bid to cut carbon dioxide emissions and become a major exporter in the sector. The government will give incentives worth at least 30 Indian rupees per kilogram (kg) for production of green hydrogen fuel, ...
India plans green hydrogen incentives of at least 10% of cost -source
India plans green hydrogen incentives of at least 10% of cost -source
Source: Reuters
5/04/2023 7:30:30 PM
Igor Sechin`s visit to India: Stepping up integrated cooperationIgor Sechin`s visit to India: Stepping up integrated cooperation The Chief Executive Officer of Rosneft Oil Company, Igor Sechin, recently made an influential working trip to India, during which he met Indian government officials as well as executives from some of the country's largest oil and gas companies. During the trip, Rosneft Oil Company and Indian Oil Company signed a term agreement to substantially increase oil supplies as well diversify the grades to India. Igor Sechin, CEO of Rosneft Oil Company, and Shrikant Madhav Vaidya, Chairman of...
Igor Sechin`s visit to India: Stepping up integrated cooperationIgor Sechin`s visit to India: Stepping up integrated cooperation
Igor Sechin`s visit to India: Stepping up integrated cooperationIgor Sechin`s visit to India: Stepping up integrated cooperation
Source: IANS
30/03/2023 9:26:06 AM
Indian crude oil basket price rose 23% between December 2021-March 2023: Government The price of the Indian crude oil basket, in rupee per barrel terms, rose by 23 per cent from December 2021 to March 2023, but compared to this, the increase in retail selling price of petrol and diesel in Delhi has only been 1.08 per cent and 3.40 per cent, the Parliament was told on Thursday. Prices of petrol and diesel have not been increased by public sector oil marketing companies (OMCs) since April 6, 2022, despite record high international prices, Minister of State for Petroleum Ram...
Indian crude oil basket price rose 23% between December 2021-March 2023: Government
Indian crude oil basket price rose 23% between December 2021-March 2023: Government
Source: IANS
17/03/2023 9:22:33 AM
India`s IOC seeks 8 LNG cargoes for Dhamra terminal SINGAPORE- State-run Indian Oil Corp has issued a tender seeking eight cargoes of liquefied natural gas (LNG) to be delivered to the Dhamra terminal on India's east coast, three industry sources said on Thursday. The cargoes are to be delivered between June 2023 and May 2024. One of the sources said the tender closes on March 22. The Dhamra terminal by Adani Total Private Ltd will be India's first one on the east coast. It is expected to receive its first LNG cargo in April and ...
India`s IOC seeks 8 LNG cargoes for Dhamra terminal
India`s IOC seeks 8 LNG cargoes for Dhamra terminal
Source: Reuters
16/03/2023 12:55:35 PM
Indian Oil Corporation gains on getting nod to form Wholly Owned Subsidiary in India Indian Oil Corporation is currently trading at Rs. 79.15, up by 0.44 points or 0.56% from its previous closing of Rs. 78.71 on the BSE. The scrip opened at Rs. 78.76 and has touched a high and low of Rs. 80.15 and Rs. 78.76 respectively. So far 547261 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.71 on 22-Apr-2022 and a 52 week low of Rs. 65.20 on 29-Sep-2022. Last one week high and low of the scrip stood ...
Indian Oil Corporation gains on getting nod to form Wholly Owned Subsidiary in India
Indian Oil Corporation gains on getting nod to form Wholly Owned Subsidiary in India
Source: Accord Fintech
16/03/2023 10:47:43 AM
`India`s unwillingness on price cap for Russian crude purchase leading to payment issues` India's unwillingness to agree with the price cap imposed on sale of Russian crude oil has led to payment related difficulties for oil marketing companies like Hindustan Petroleum Corporation Limited (HPCL), industry sources said. The price cap of $60 per barrel on sale of Russian crude was imposed by the G7 group of nations, Australia and the EU on December 5, 2022, and doesn't allow countries to pay more than $60 per barrel for purchasing Russian oil. However, sources claim th...
`India`s unwillingness on price cap for Russian crude purchase leading to payment issues`
`India`s unwillingness on price cap for Russian crude purchase leading to payment issues`
Source: IANS
22/02/2023 9:28:33 AM
India reaps pricing benefits of crude oil imports from Russia In the case of oil imports, India till now is on a firm path of sourcing the product cheaply from Russia since the latters invasion of Ukraine. This is much against the wishes of the western powers who want to bring down the Russian economy by curbing its oil revenue. However, the Indian government has categorically said that it would source what it needs from where the price is advantageous. The government also said its three oil marketing companies are not buying crude from Russia ...
India reaps pricing benefits of crude oil imports from Russia
India reaps pricing benefits of crude oil imports from Russia
Source: IANS
19/02/2023 10:12:55 AM
Ion Exchange zooms on receiving LoA from Indian Oil Corporation Ion Exchange (India) is currently trading at Rs. 2803.00, up by 108.15 points or 4.01% from its previous closing of Rs. 2694.85 on the BSE. The scrip opened at Rs. 3040.95 and has touched a high and low of Rs. 3040.95 and Rs. 2687.60 respectively. So far 4639 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3055.00 on 07-Dec-2022 and a 52 week low of Rs. 1500.70 on 29-Jul-2022. Last one week high and low of the ...
Ion Exchange zooms on receiving LoA from Indian Oil Corporation
Ion Exchange zooms on receiving LoA from Indian Oil Corporation
Source: Accord Fintech
2/02/2023 1:39:44 PM
India's electric vehicles dawn fans expectations fuel demand may peak early The rapid take-up of electric vehicles in India's fledgling market has prompted a major rethink about the country's long-term fuel needs as refiners in Asia's third-largest economy hasten their shift away from oil production. India, one of the world's fastest growing oil markets, has lagged major economic peers in Europe and Asia in the adoption of EVs but sales are now picking up and investment in the production of new autos and energy infrastructure is accelerating. Th...
India's electric vehicles dawn fans expectations fuel demand may peak early
India's electric vehicles dawn fans expectations fuel demand may peak early
Source: Reuters
27/01/2023 10:27:57 AM
Hope OMCs would cut fuel prices if they recover losses: Hardeep Singh Puri Petroleum Minister Hardeep Puri on Sunday expressed hope that if oil marketing companies (OMCs) have ended their under-recoveries, fuel prices should come down. Addressing media persons during an event in Varanasi, Puri said: "I will hope if under-recoveries end, prices should come down." Fuel prices have not been hiked since the past 15 months now by the three OMCs, namely Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporati...
Hope OMCs would cut fuel prices if they recover losses: Hardeep Singh Puri
Hope OMCs would cut fuel prices if they recover losses: Hardeep Singh Puri
Source: IANS
23/01/2023 10:05:02 AM
Statiq to set up 20K EV charging points in India in FY23 EV charging solution provider Statiq on Saturday announced plans to install 20,000 electric vehicle (EV) charging stations across the country in FY23. The company claims to have over 7,000 public semi-public and captive chargers in the country. According to Statiq, more than 1,000 charging stations are equipped with fast-charging technology and are located in strategic locations such as malls, highways, airports, residential & commercial complexes, hotels, and office complexes, amon...
Statiq to set up 20K EV charging points in India in FY23
Statiq to set up 20K EV charging points in India in FY23
Source: IANS
14/01/2023 2:33:32 PM
India hiked ethanol blending from 1.5% in 2013-14 to 10% in July 2022: Hardeep Puri Union Petroleum Minister Hardeep Puri said on Thursday that India has increased ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in July 2022. Addressing the CII Bio-Energy summit, Puri said that setting up 2G refineries to make ethanol from parali (Panipat refinery) and bamboo (Numaligarh refinery) with the twin objectives of reducing pollution along with achieving energy security goals is another milestone in this direction. Referring to the green hydrogen po...
India hiked ethanol blending from 1.5% in 2013-14 to 10% in July 2022: Hardeep Puri
India hiked ethanol blending from 1.5% in 2013-14 to 10% in July 2022: Hardeep Puri
Source: IANS
13/01/2023 8:41:29 AM
Key Stock News: Jindal Steel and Power, Indian Oil Corporation, Jaiprakash Associates, HCL Technologies, Reliance Jio - ARETE Securities JSPL to invest Rs 1,500 crore to make Monnet Power project operational: MD Jindal Steel and Power Limited (JSPL) will invest up to Rs 1,500 crore to make recently-acquired Monnet Power operational, its Managing Director Bimlendra Jha said. The investment will be made over the period of the next 12 to 18 months, he said. In December 2022, the steelmaker acquired debt-laden Monnet Power for Rs 410 crore through the insolvency route. The 1,050 megawatts (MW) under-construction coal-based powe...
Key Stock News: Jindal Steel and Power, Indian Oil Corporation, Jaiprakash Associates, HCL Technologies, Reliance Jio - ARETE Securities
Key Stock News: Jindal Steel and Power, Indian Oil Corporation, Jaiprakash Associates, HCL Technologies, Reliance Jio - ARETE Securities
Source: ARETE Securities Ltd
9/01/2023 9:08:29 AM
India OKs $2 billion incentive plan for green hydrogen industry NEW DELHI: India has approved an incentive plan of 174.9 billion rupees ($2.11 billion) to promote green hydrogen in a bid to cut emissions and become a major exporter in the field, the information minister said on Wednesday. The move is targeted to help India, one of the world's biggest greenhouse gas emitters, achieve net-zero carbon emissions by 2070. Reuters reported last month about India's plans for a green hydrogen incentive programme. The country aims for annual producti...
India OKs $2 billion incentive plan for green hydrogen industry
India OKs $2 billion incentive plan for green hydrogen industry
Source: Reuters
4/01/2023 7:53:26 PM
Petrol export by OMCs rose 142% between 2020-21 and 2021-22 Export of petrol by Indian oil marketing companies (OMCs) rose 142 per cent in a year between 2020-21 and 2021-22, while there was a miniscule rise of less than 1 per cent in export of diesel during the same period. According to official figures, the OMCs exported 668 thousand metric tonnes (TMT) of petrol in 2021-22, which was 142 per cent more than 276 TMT of petrol exported by the country in 2020-21. In 2020-21, the OMCs exported 1,985 TMT of diesel, while in 2021-22, it exported 1,9...
Petrol export by OMCs rose 142% between 2020-21 and 2021-22
Petrol export by OMCs rose 142% between 2020-21 and 2021-22
Source: IANS
2/01/2023 5:29:14 PM
India basket of crude rose 102% between October 2020-October 2022 Even as the average price of Indian basket of crude oil increased by 102 per cent (from $43.34 to $87.55) between October 2020 and October 2022, the retail prices of petrol and diesel have increased in India by only 19.3 per cent and 27.1 per cent, respectively, during this period, sources said. According to Petroleum Ministry sources, petrol prices stood at Rs 81.06 per litre in October 2020, however by October 2022, they had risen only 19.3 per cent to Rs 96.72 per litre. Similarly di...
India basket of crude rose 102% between October 2020-October 2022
India basket of crude rose 102% between October 2020-October 2022
Source: IANS
29/12/2022 9:55:37 AM
Gulshan Polyols trades higher on the BSE Gulshan Polyols is currently trading at Rs. 265.00, up by 6.45 points or 2.49% from its previous closing of Rs. 258.55 on the BSE. The scrip opened at Rs. 263.75 and has touched a high and low of Rs. 265.25 and Rs. 261.10 respectively. So far 492 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 429.00 on 19-Jan-2022 and a 52 week low of Rs. 204.70 on 26-May-2022. Last one week high and low of the scrip stood at R...
Gulshan Polyols trades higher on the BSE
Gulshan Polyols trades higher on the BSE
Source: Accord Fintech
16/12/2022 11:05:57 AM
India may split planned mega refinery to various sites India is considering building several refineries instead of a single mega plant planned with Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), due to challenges in acquiring land, three sources familiar with the matter said. Hurdles in land purchases are one of the key reasons for sluggish infrastructure development in Asia's third-largest economy. Aramco and ADNOC joined a consortium of Indian state-run firms in 2018 to set up a 1.2 million barrels-per-day coastal refinery a...
India may split planned mega refinery to various sites
India may split planned mega refinery to various sites
Source: Reuters
15/12/2022 2:21:20 PM
Gulshan Polyols zooms on bagging Ethanol supply orders from OMCs, Nayara Energy Gulshan Polyols is currently trading at Rs. 264.75, up by 18.85 points or 7.67% from its previous closing of Rs. 245.90 on the BSE. The scrip opened at Rs. 269.90 and has touched a high and low of Rs. 278.00 and Rs. 260.55 respectively. So far 40610 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 429.00 on 19-Jan-2022 and a 52 week low of Rs. 204.70 on 26-May-2022. Last one week high and low of the scrip stood a...
Gulshan Polyols zooms on bagging Ethanol supply orders from OMCs, Nayara Energy
Gulshan Polyols zooms on bagging Ethanol supply orders from OMCs, Nayara Energy
Source: Accord Fintech
15/12/2022 12:27:51 PM
Ion Exchange India shines on bagging contract of Rs 343.36 crore Ion Exchange (India) is currently trading at Rs. 2880.55, up by 88.40 points or 3.17% from its previous closing of Rs. 2792.15 on the BSE. The scrip opened at Rs. 2856.10 and has touched a high and low of Rs. 2924.85 and Rs. 2856.10 respectively. So far 2399 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,924.85 on 05-Dec-2022 and a 52 week low of Rs. 1500.70 on 29-Jul-2022. Last one week high and low of the ...
Ion Exchange India shines on bagging contract of Rs 343.36 crore
Ion Exchange India shines on bagging contract of Rs 343.36 crore
Source: Accord Fintech
5/12/2022 10:30:38 AM
Ambit announces big upgrades and downgrades With the second quarter results season over, Ambit Capital has come out with its upgrades and downgrades report among NSE200 companies. According to Ambit, the biggest upgrades include: Indian Oil Corporation, Trent, Zomato, Bajaj Auto and Gujarat Gas. The Indian Oil upgrade is driven by better-than-expected performance owing to liquified petroleum grand (LPG) grant and highest refining coverage as against other oil marketing companies which would also benefit in 2H. Trent upgrades f...
Ambit announces big upgrades and downgrades
Ambit announces big upgrades and downgrades
Source: IANS
29/11/2022 5:33:22 PM
Indian refiners becoming wary of buying Russian oil as EU sanctions loom - sources Indian refiners are wary of buying Russia crude oil loading after Dec. 5 when European Union sanctions take effect, pending clarity on the proposed G7 price cap mechanism, according to sources familiar with the refiners' crude purchase plans. Chinese refiners have already begun slowing down Russian oil imports from next month. The Asian giants, who are two of the world's top three importers, had become Russia's biggest customers after the West shunned Russian oil after the o...
Indian refiners becoming wary of buying Russian oil as EU sanctions loom - sources
Indian refiners becoming wary of buying Russian oil as EU sanctions loom - sources
Source: Reuters
17/11/2022 9:57:47 AM
Indian Oil aims to restart naphtha cracker by mid-December Indian Oil Corp, the country's top refiner, plans to resume operations at its Panipat naphtha cracker in northern India by Dec. 15, a company executive said on Thursday, after a scheduled turnaround that started in the last week of September. "After the annual turnaround, we plan to bring it back (into operations) by mid-December," A. S. Sahney, executive director of petrochemicals, told Reuters at an industry event. The naphtha cracker at IOC's Panipat plant annually ...
Indian Oil aims to restart naphtha cracker by mid-December
Indian Oil aims to restart naphtha cracker by mid-December
Source: Reuters
10/11/2022 8:40:25 PM
Indian Oil offers first diesel export since mid-September - sources Indian Oil Corp has offered one diesel cargo to be loaded in early December, its first export in almost three months, three sources who reviewed the tender document said on Thursday. "The availability could be because of supply resumption after the end of a turnaround at one of the company's Paradip refinery in mid- to second half September," one of the sources said. The tender to sell up to 16,460 tonnes of diesel loading from Paradip will close on Nov. 11, with bids to r...
Indian Oil offers first diesel export since mid-September - sources
Indian Oil offers first diesel export since mid-September - sources
Source: Reuters
10/11/2022 4:32:55 PM
Festive demand drives up Indian state refiners gasoil sales in October Indian state fuel retailers' diesel sale in October surged from the previous month, preliminary sales data shows, indicate a pick up in industrial activity during the peak festive season. Fuel demand in India- a proxy for oil demand in Asia's third-largest economy- typically rises during the month long festival season as diesel-guzzling trucks hit the roads to deliver goods. State-refiners' average daily gasoil sales last month rose 6.2% from September and was 12% higher tha...
Festive demand drives up Indian state refiners gasoil sales in October
Festive demand drives up Indian state refiners gasoil sales in October
Source: Reuters
1/11/2022 3:48:54 PM
Surya Roshni surges on bagging order worth Rs 110.53 crore Surya Roshni is currently trading at Rs. 437.80, up by 1.75 points or 0.40% from its previous closing of Rs. 436.05 on the BSE. The scrip opened at Rs. 439.40 and has touched a high and low of Rs. 439.55 and Rs. 436.20 respectively. So far 299 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 715.00 on 25-Oct-2021 and a 52 week low of Rs. 336.05 on 16-Aug-2022. Last one week high and low of the scrip stood at Rs....
Surya Roshni surges on bagging order worth Rs 110.53 crore
Surya Roshni surges on bagging order worth Rs 110.53 crore
Source: Accord Fintech
25/10/2022 10:24:09 AM
Increase in crude prices will weaken Indian oil companies if net realisation doesn`t go up: Moody`s A Rs 220 billion one time grant to the three oil marketing companies by the Centre would cover their losses on sales of domestic liquefied petroleum gas (LPG) they still incur losses on sale of petrol and diesel, said Moody's Investors Service on Monday. Last week, the Central government approved the grant to the Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) to cover losses on sales of domestic LPG ...
Increase in crude prices will weaken Indian oil companies if net realisation doesn`t go up: Moody`s
Increase in crude prices will weaken Indian oil companies if net realisation doesn`t go up: Moody`s
Source: IANS
17/10/2022 1:42:42 PM
India`s gasoil, gasoline sales surge on festive demand Gasoline and gasoil sales by Indian state refiners rose sharply in September from a year earlier, signalling a pick-up in industrial activity ahead of the festive season from this month, preliminary sales data showed. Local fuel demand - a proxy for oil demand in Asia's third largest economy - regularly slows during the four-month monsoon season from June. State-refiners' average daily gasoline sales rose 1.3% from August and was up 13.2% from a year earlier, the data showed. ...
India`s gasoil, gasoline sales surge on festive demand
India`s gasoil, gasoline sales surge on festive demand
Source: Reuters
2/10/2022 5:05:34 PM
Key Stock News: Air India, Udaan, Indian Oil, LIC, Hero MotoCorp, Lupin - ARETE Securities Air India halves discount on basic fares for senior citizens, students Tata Group-owned full-service carrier Air India has reduced by half the discount offered on basic fares to senior citizens and students in the economy class on its flights, according to its website. The revised discount on basic fares is effective from September 29. Tata Group took control of the loss-making Air India from the government on January 27, this year. Udaan to provide medicine delivery to pharmacies every...
Key Stock News: Air India, Udaan, Indian Oil, LIC, Hero MotoCorp, Lupin - ARETE Securities
Key Stock News: Air India, Udaan, Indian Oil, LIC, Hero MotoCorp, Lupin - ARETE Securities
Source: ARETE Securities Ltd
30/09/2022 9:32:06 AM