OIL, ONGC slump up to 4% on higher royalty payments
Oil India tumbled 3.57 per cent to hit a low of Rs 360 on BSE. ONGC fell 1.62 per cent to Rs 226.70 on the exchange. Assam will now get crude oil royalty at pre-discounted price similar to Gujarat with effect from February 1, 2014. Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended June 30, 2016
Oil India Ltd has informed BSE regarding Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended June 30, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ONGC, Oil India shares gain on govt nod to hike kerosene price every month
Shares of ONGC and Oil India gained on Wednesday after a business daily reported that oil companies got government nod to increase kerosene price by 25 paise every month till April 2017. The post ONGC, Oil India shares gain on govt nod to hike kerosene price everymonth appeared first on The Financial Express. Kerosene price hike may fire up ONGC and Oil India
Analysts believe that earnings per share of ONGC and Oil India may see an upgrade of 1-1.5% for FY17 and FY18, respectively, if there is no more hike. Neutral Oil India, target Rs 372: BofA-ML
. If prior dues also become payable, in that case the net debt can increase 35% and 106% in FY17 and FY18E respectively OIL-led consortium inks deal for 24% stake in Vankor oil field
NEW DELHI: A consortium led by Oil India has signed an agreement to acquire 23.9 per cent stake in Russia's second biggest oil field of Vankor from Rosneft. The deal is valued at $2 billion. The stake acquired by OIL-led consortium is in addition to the 15 per cent interest picked up by ONGC Videsh Ltd in the Vankor oilfield for $1.268 billion. "Indian consortium, led by OIL, along with Indian Oil Corp and Bharat PetroResources Ltd, a subsidiary of Bharat Petroleum Corp Ltd (BPCL), signed definitive agreement to acquire up to 23.9 per cent shares from Rosneft Oil Co in JSC Vankorneft, a company organised under the law of Russian Federation which is the owner of Vankor and North Vankor field licenses," OIL said in a statement. The deal is expected to close by September 2016. The 23.9 per cent stake would be split in the ratio 33.5-33.5-33 between IOC, OIL and BRPL (IOC and OIL picking up 8 per cent stake each while the remaining 7.8 per cent stake would go to BRPL). Rosneft holds 85 per cent shares in Vankor while ONGC Videsh Ltd (through its subsidiary) holds 15 per cent at present. Vankor field, located in East Siberia, is Russia's second largest field by production and accounts for around 4 per cent of Russian production and currently producing about 422,000 barrels of oil per day. "It is the largest of the fields, discovered and commissioned in Russia during the last 25 years and is located in the North of Eastern Siberia in... 7 merchant bankers evince interest in managing OIL stake sale
As many as 7 merchant bankers, including Citi Group Global and Deutsche Equities, have evinced interest in managing the government's 10 per cent stake sale in Oil India, which could fetch about Rs 2,... Press Release - Signing of Definitive Agreement
Oil India Ltd has informed BSE that Indian Consortium, led by Oil India Limited (OIL), along with, Indian Oil Corporation Limited (IOCL) and Bharat PetroResources Limited (BPRL), a 100% subsidiary of Bharat Petroleum Corporation Limited (BPCL), signed definitive agreement to acquire upto 23.9% shares from Rosneft Oil Company (Rosneft), NOC of Russia in JSC Vankorneft, a company organised under the law of Russian Federation which is the owner of Vankor... Change in Directorate
Oil India Ltd has informed BSE that in terms of Ministry of Petroleum & Natural Gas (MOP&NG;) Letter dated May 31, 2016, Shri A. P. Sawhney, Additional Secretary, Ministry of Petroleum & Natural Gas is entrusted additional charge of the post of Chairman & Managing Director, OIL for a period of three months w.e.f. June 01, 2016 or till a new officer is appointed to the post or till further orders, whichever is the earliest, subject to the approval of the ACC.... Results Press Release for March 31, 2016
Oil India Ltd has informed BSE about : 1. Result Press Release for the period ended March 31, 2016