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Ajanta Pharma retains the tag of fastest wealth creator for the third time in a row and Asian Paints is the most consistent wealth creator, said the wealth creation study
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Oil and Natural Gas Corp (ONGC) posted good set of second quarter earnings and is set for a strong third quarter earnings on back of higher crude prices. Throwing more light on the earnings and the outlook going forward AK Srinivasan, Director-Finance, ONGC said for every USD 1 crude change for a full volume of one year, we have topline will increase by Rs 900 crore and profit will increase by Rs 400 crore.
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Government officials indicate that a price cut of Rs 5 per litre on petrol and diesel is likely.
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Oil and Natural Gas Corporation (ONGC) will acquire Hindustan Petroleum Corporation (HPCL) later this year in a block deal at the prevailing market price and that would happen at some point during October or November.
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In an interview to CNBC-TV18, AK Srinivasan, Director-Finance at Oil and Natural Gas Corporation (ONGC) shared his FY18 outlook.
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Indian Oil Corporation (IOC) extends gains after posting a strong set for Q1. In an interview to CNBC-TV18, Sanjiv Singh, Chairman of the company spoke about the results and his outlook for the company.
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Confidence Petroleum's subsidiary commissioned new unit to manufacture liquefied petroleum gas (LPG) cylinders. The company manufactures LPG and auto LPG cylinders as well as markets commercial LPG. In an interview to CNBC-TV18, Nitin Khara, MD of the company spoke about latest happenings in the company as well as sector.
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Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL) have signed a joint venture (JV) agreement for west coast refinery & petrochemicals. CNBC-TV18's Anshu Sharma caught up with Sanjiv Singh, CMD of IOC and asked him about the details of this partnership and way going forward.
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We had declared record profits during the current year for Chennai Petro which is a great turnaround story by itself, said B Ashok, Chairman, IOC.
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The throughput increased 6.34 percent to 10.256 million tonnes for FY17 compared to 9.644 million tonnes in FY16, said B Ashok, Chairman, CPCL.
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The Odisha government Sunday withdrew tax sops allowed to Indian Oil Corporation Limited‘s (IOC) Paradip refinery. Speaking to CNBC-TV18, Chairman B Ashok, said the company has a strong case and will take it up with the state for reconsideration.
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At a time when there is proposal for consolidation of oil companies from the Finance Minister, oil major IOC has plans to merge its subsidiary Chennai Petroleum Corporation Ltd with the the company.
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Vertical integration of state-owned energy firms would increase efficiency. says ONGC Chairman Dinesh K Sarraf in an interview to CNBC-TV18.
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Speaking to CNBC-TV18, Krishnan Balakrishnan, Chief Financial Officer at GoAir, said that rising jet prices were affecting the margins of every airline.
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Fuel price hike has been delayed and this is not good news for oil marketing companies as crude oil prices have fallen 15 percent since the OPEC deal. Speaking to CNBC-TV18 B Ashok, Chairman of IOC, said that they are keeping track of prices on a daily basis.
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In an interview to CNBC-TV18 after the company reported strong first quarter earnings, Ashok said he is hopeful crude prices will remain range-bound this year helping IOC limit inventory losses or even post inventory gains.
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Engineers India's bet on the international sector is paying off, with about Rs 100 crore revenue accruing from there and margins coming back up to 20 percent.
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NTPC, while adding more capacity in coming years, is planning to raise Rs 30,000 crore to fund its capex plans, says Kulamani Biswal, Director - Finance of the company.
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LNG consumption, which is 40-45 million cubic meter per day, is expected to rise by
10 million cubic meter a day in current fiscal, says Prabhat Singh, MD & CEO of Petronet LNG.
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ONGC Videsh has acquired 15 percent stake in Vankorneft and is in the process of acquiring another 23.9 percent by consortium led by Oil India, IOC and BPRL, says the company's MD & CEO Narendra K Verma.
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IOC Chairman B Ashok hopes the gross refining margins to be better, but refrains from putting a number ahead of the quarterly results. In the quarter gone by, the GRM was at USD 3 per barrel.
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Dhirendra Tiwari, Head of Research at Antique Stock Broking tells CNBC-TV18 he is unfazed by concerns of Brexit hurting the growth of Indian IT companies such as Infosys which have a presence in the UK.
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Eight out of the 16 mines will be allocated to the host states (where the mine is located) and the balance will be for non-host states, Coal Secretary Anil Swarup said.
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B Ashok, Chairman of Indian Oil Corporation said throughput during FY16 was lower YoY due to some scheduled plant shut-downs and floods in Chennai.
