- Reuters•4 months ago
The Reserve Bank of India has capped weekly dollar purchases by oil refiners to pay off their debts to Iran in order to avoid pressure on the rupee, three sources said on Monday. India is one of the biggest buyers of Iranian crude and built up a payments backlog when Iran was under Western sanctions, with its refiners owing about $6.5 billion to Iran. State-run Union Bank of India facilitated the payments.
- Bloomberg•2 years ago
Oil & Natural Gas Corp. (ONGC) , India’s biggest energy explorer, is seeking to sell to strategic investors a 25 percent stake each in two petrochemical ventures and a power project before taking the units public. Talks are on with a number of potential buyers for stakes in ONGC Petro-additions Ltd., ONGC Mangalore Petrochemicals Ltd. and ONGC Tripura Power Co., ONGC Finance Director Aloke Kumar Banerjee said. The holdings could together fetch at least $1 billion based on the investments the projects require, according to Dhaval Joshi, a Mumbai-based analyst with Emkay Global Financial Services Pvt. State-run ONGC is betting on Prime Minister Narendra Modi ’s initiative to attract foreign investment into India in sectors including energy by easing controls on fuel pricing.
Mangalore Refinery and Petrochemicals Limited (MRPL.NS)
NSE - NSE Delayed Price. Currency in INR
|Day's Range||88.05 - 90.50|
|52wk Range||50.70 - 92.65|
|1y Target Est||N/A|
|P/E Ratio (ttm)||21.87|
|Avg Vol (3m)||1,322,725|
|Dividend & Yield||N/A (N/A)|