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MRPL shares jump 9% as ONGC approves strategic oil reserve in Mangaluru
ONGC has approved an expansion of the country's strategic oil reserves, highlighting a push to strengthen energy resilience following the shock of the Iran war.
Natural gas companies are set to lose steam in Q1
Lower LNG imports, higher gas procurement costs and supply disruptions triggered by the West Asia war are expected to weigh on Q1FY27 earnings of GAIL, Petronet LNG and city gas distributors.
MRPL Shares Jump 6% After ONGC Announces 1.75 MT Strategic Oil Reserve In Mangaluru
The proposed strategic petroleum reserve has put the ONGC subsidiary in focus as investors assess its role in India's energy security plans.
Vedanta Power, Vedanta Oil & Gas, other Vedanta stocks surge up to 6%. What lies ahead?
Vedanta Group stocks experienced significant gains on Friday after their recent demerger. Vedanta Iron and Steel shares surged five percent, hitting the upper circuit limit. Vedanta Oil and Gas shares also saw a substantial increase, extending recent positive momentum. Vedanta Power and Vedanta Aluminium reported production and sales figures for the first quarter. Analysts at Motilal Oswal initiated coverage on Vedanta Aluminium with a buy rating.
IT services stocks offer value despite AI concerns, says Mahindra Manulife Investment
Krishna Sanghavi, Chief Investment Officer - Equities at Mahindra Manulife Investment Management, favours private banks, manufacturing, capital goods and defence, citing policy support, corporate investment and India's shift towards bottom-up growth. Sanghavi added that upstream oil and gas companies with volume growth also remain attractive.
Vedanta Iron and Steel to Vedanta Oil and Gas, Vedanta Power: How Anil Agarwal's demerged stocks are performing - livemint.com
Vedanta Iron and Steel to Vedanta Oil and Gas, Vedanta Power: How Anil Agarwal's demerged stocks are performinglivemint.com
LNG tankers return to Strait of Hormuz despite renewed Middle East tensions
Liquefied natural gas tankers have resumed transiting the Strait of Hormuz recently. Twenty-two Japan-linked vessels exited the Gulf since Tuesday, Tokyo confirmed. This occurred despite renewed fighting and attacks on commercial shipping. Several ballast LNG tankers entered the strait in recent days. Japan-linked vessels in the Gulf have significantly decreased since the conflict.
ONGC to undertake 1.75 MMT strategic oil reserve expansion at Mangaluru
ONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's energy security network. India is strengthening its reserves after recent global supply chain disruptions. Additional SPR facilities are also being developed in Odisha and Karnataka. This increases India's total oil storage capacity to approximately seventy-four days.
ONGC Share Price Live Updates: ONGC Market Volume Snapshot
Renewed US-Iran Tensions Cloud India's Iran Oil Import Plans
Any disruption to supplies or shipping routes could tighten availability and increase cooking gas prices, analysts said.
ONGC gets board approval to build new strategic crude oil reserve in Mangaluru
ONGC's board has given in-principle approval to develop a 1.75 million metric tonne strategic petroleum reserve at Mangaluru, strengthening India's emergency crude oil storage capacity.
Vedanta Oil & Gas ends higher after Delhi HC backs $99 million arbitral award
Vedanta Oil & Gas rallied 3.80% to settle at Rs 37.96 after media reports stated that the Delhi High Court cleared the enforcement of a $99 million foreign arbitral award by rejecting the central government's objections.