Vedanta shares in focus as subsidiary partners with GAIL Gas for sustainable aluminium production

 21 Nov 2024 08:46 AM

Shares of Anil Agarwal-led Vedanta are expected to remain in focus on Thursday following news that the company's subsidiary, Vedanta Aluminium, has partnered with GAIL Gas to secure natural gas supplies for its Jharsuguda smelter.

Vedanta shares tumble over 1% as subsidiary partners with GAIL Gas for sustainable aluminium production

 21 Nov 2024 08:46 AM

Vedanta Aluminium, India's largest aluminium producer, has partnered with GAIL Gas to secure natural gas supplies for its Jharsuguda smelter. This five-year contract will see GAIL Gas construct a 7.5 km pipeline to deliver around 32,000 SCM of natural gas daily, reducing carbon emissions and boosting production at the world's largest aluminium plant.

Vedanta Aluminium signs pact with GAIL for supply of natural gas

 20 Nov 2024 05:13 PM

Vedanta Aluminium partners with GAIL Gas Ltd to supply natural gas to its Jharsuguda smelter, aiming to reduce carbon emissions by 47,292 tonnes annually. The transition, operational by the end of next year, supports Vedanta's commitment to net-zero emissions by 2050 through cleaner energy solutions.

ETMarkets Smart Talk: Domestic investors driving India's market stability amid Rs 1.3 lakh crore FII sell-off

 20 Nov 2024 12:31 PM

The energy sector, especially oil and natural gas, presents substantial potential driven by global demand. Within IT, specific segments like cloud computing and cybersecurity are emerging as growth opportunities following recent market corrections, according to Manish Jain, Managing Director, Bajaj Broking.

Corporate Infotech bags seven-year contract from ONGC for IT infra services

 19 Nov 2024 12:41 PM

Corporate Infotech Pvt Ltd (CIPL) secured a seven-year, Rs 98 crore contract from Oil and Natural Gas Corporation (ONGC) to revamp ONGC's IT infrastructure. The project aims to enhance ONGC's IT hardware at its Delhi data center and Gujarat disaster recovery site. This partnership will ensure seamless data replication, disaster recovery, and application management services for ONGC.

NTPC: ONGC NTPC GREEN PRIVATE LIMITED [ONGPL]”, HAS BEEN INCORPORATED AS 50:50 JOINT VENTURE OF NTPC GREEN ENERGY LIMITED (NGEL), A WHOLLY-OWNED SUBSIDIARY OF NTPC LIMITED AND ONGC GREEN LIMITED (OGL), A WHOLLY-OWNED SUBSIDIARY OF OIL AND NATURAL GAS CORPORATION LIMITED

 18 Nov 2024 02:51 PM

NTPC: ONGC NTPC GREEN PRIVATE LIMITED [ONGPL]”, HAS BEEN INCORPORATED AS 50:50 JOINT VENTURE OF NTPC GREEN ENERGY LIMITED (NGEL), A WHOLLY-OWNED SUBSIDIARY OF NTPC LIMITED AND ONGC GREEN LIMITED (OGL), A WHOLLY-OWNED SUBSIDIARY OF OIL AND NATURAL GAS CORPORATION LIMITED

Buy ONGC, target price Rs 330: Motilal Oswal Financial Services

 18 Nov 2024 09:30 AM

Motilal Oswal Financial Services has issued a buy call for Oil and Natural Gas Corporation (ONGC) stock, projecting a target price of Rs 330. This represents a potential 29% upside from the current market price of Rs 250.9. The brokerage cites ONGC's projected production growth and attractive valuation as reasons for the buy rating.

CNG retailers want price hike, govt wants to see cost

 17 Nov 2024 11:57 AM

City gas companies in India, including IGL and Adani Total Gas, are considering raising CNG prices due to reduced supplies of cheaper natural gas. Government officials argue that these companies have substantial profit margins and should absorb the increased costs instead of passing them on to consumers.

MAHANAGAR GAS: CO SAYS ALLOCATED APM NATURAL GAS FOR DOMESTIC PNG AND CNG BASED ON APM GAS AVAILABILITY

 15 Nov 2024 06:18 PM

MAHANAGAR GAS: CO SAYS ALLOCATED APM NATURAL GAS FOR DOMESTIC PNG AND CNG BASED ON APM GAS AVAILABILITY

More cuts in domestic gas supply to CNG firms, IGL says to impact profitability

 15 Nov 2024 05:46 PM

Indraprastha Gas Ltd (IGL) has announced a second reduction in domestically produced natural gas supply, impacting CNG availability and potentially leading to price hikes. This cut, effective November 16th, follows a similar reduction in October, impacting IGL's profitability and forcing them to explore alternative solutions.