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GAIL Q1 results: Net profit declines 45% Y-o-Y to Rs 1,793 crore

Sequentially, net profit increased 179 percent from Rs 643 crore in the quarter ended March 2023 amid softening in liquefied natural gas prices and resumption in gas supplies

GAIL Clocks Revenue Of ₹32,227 Crore, PAT Of ₹1,412 In Q1 FY24

GAIL Clocks Revenue Of ₹32,227 Crore, PAT Of ₹1,412 In Q1 FY24
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Sanjay Varma takes over as MRPL Managing Director

Sanjay Varma takes over as MRPL Managing Director
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Alka Mittal takes charge as ONGC s first woman chief

MRPL increases stake in ONGC Mangalore Petrochemicals Limited to 99 9998%

MRPL increases stake in ONGC Mangalore Petrochemicals Limited to 99.9998% Posted On: 2021-01-02 04:52:02 (Time Zone: Arizona, USA) The board of Mangalore Refinery and Petrochemicals Limited (MRPL) has, in its 232nd meeting held on 19/10/2020, approved acquisition of 1,24,66,53,746 equity shares of Rs. 10 each of ONGC Mangalore Petrochemicals Limited (OMPL), a subsidiary of MRPL from Oil and Natural Gas Corporation Limited (ONGC) (an existing shareholder of OMPL). Accordingly, a Share Purchase Agreement (SPA) was executed with ONGC for acquisition of 124,66,53,746 equity shares of Rs. 10/-. each of OMPL from ONGC. An amount of Rs. 1216,73,40,561/- was paid to ONGC towards consideration for acquisition of 124,66,53,746 equity shares at a price of Rs. 9.76 per share.

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