The government slashed windfall profit tax on export of diesel to its lowest of Rs 0.50 per litre and nil on jet fuel (ATF) while the levy on domestically produced crude oil was marginally increased, according to an official...
Reliance has sought bids for sale of 0.65 million standard cubic meters per day from CBM block SP(West)-CBM-2001/1 for one year beginning April 1, 2023
In the current fiscal year (2022-23), crude oil production is slated to rise to 22.823 million tonnes and gas to 22.099 bcm
India imports over 85 per cent of the crude oil, which is converted into fuel such as petrol and diesel in refineries, and roughly half of the natural gas that is used to produce electricity, make fertiliser, converted into...
OVL is India's flagship overseas oil firm. It currently has a stake in 32 oil and gas projects in 15 countries, spanning from Venezuela to Vietnam
ONGC, which contributes around 71 per cent to India's domestic production, has reported a gradual decline in output for over a decade now primarily because its fields are old and ageing
The profit was, however, lower than the Rs 12,825.99 crore earnings in the immediately preceding quarter of July-September
India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies
Oil and Natural Gas Corporation (ONGC) has been traditionally headed by a chairman and managing director. It, however, did not have a full-time head after...
The net profit of operating central public sector enterprises (CPSEs) stood at Rs 1.65 lakh crore in the previous fiscal
ONGC Board presently has six directors for exploration, onshore operations, offshore operations, finance, human resources and technical and field services. It...
Andhra Pradesh State-Level Environment Impact Assessment Authority (SEIAA) in a meeting held last month cleared two separate proposals put up by the ONGC for...
APM gas is currently priced at $8.57 per mmBtu using a formula that uses weighted average rates in gas-surplus nations such as the US, Canada and Russia
The DIPAM, in 2020, advised CPSEs to follow a consistent dividend policy and strive to pay higher dividends taking into account factors like profitability,...
Amateur investors often believe that when companies declare a four-digit percentage dividend, their investments will double, or even triple. But that is a...
ONGC, which contributes around 71 per cent to India's domestic production, has reported a gradual decline in output for over a decade now primarily because its...
While the central government has hiked the windfall tax on domestically produced crude oil, it has kept the export tax on jet fuel or ATF, same.
Net profit of Rs 12,825.99 crore, or Rs 10.20 a share, in July-September 2022-23 is compared with Rs 18,347.73 crore, or Rs 14.58 per share net profit in the...
Many companies, including Infosys Ltd. and Hindustan Copper Ltd., have announced dividends for shareholders recently. Hence, it is vital to know your tax...
The firm also favours a floor price for natural gas at $10 per million British thermal unit -- the current government-dictated rate -- to help bring deposits...
At the fifth fortnightly review, the government reduced tax on domestically-produced crude oil to Rs 10,500 per tonne from Rs 13,300 per tonne
Earlier this month, the government had scrapped the windfall profit tax on ATF (Aviation Turbine Fuel) exports
The country's biggest lender State Bank of India (SBI) on Saturday posted a 7 per cent decline in standalone net profit at Rs 6,068 crore for the first quarter...
ONGC has signed a pact with Greenko, one of India's largest renewable energy companies, to form a 50:50 joint venture for green energy projects
Under the agreement, the GAIL and AGCL will receive 50,000 standard cubic metre of gas each from Khubal Gas Gathering Station
