₹1476 • HDFC Bank
S1S2R1R2COMMENT
1465145014901505
Fresh long positions are recommended with a tight stop-loss only if the stock rallies above ₹1,490 levels
₹1397 • Infosys
S1S2R1R2COMMENT
13831370
MUMBAI: A warning about cyclone Tauktae was communicated by the deck officer (an IRS officer) of Barge Papaa (P-305) via emails to all officials of the barge company (Durmast) and its charterer agency (Afcons) on May 14, sources said. If the Standard Operating Procedure (SOP) had been followed immediately, the 75 lives of personnel on board that were lost could have been saved, they said on a day police summoned officials of four firms, including the barge company and its charterer agency, with documents for their probe into the mishap.
The barge capsized and sank 70 km off Mumbai on May
17. The responsibility of a deck officer posted on the barge from an ONGC-appointed third party agency includes ensuring compliance with ONGC’s marine operating manual by the contractor. The officer mailed the alert on May 14, and this information has been shared with the nautical adviser appointed to probe the matter.
BPCL holds 12.5 per cent of the shareholding in India s largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions.
Bokaro: The Oil and Natural Gas Corporation (ONGC) Limited has shut production of coal-bed methane (CBM) at all its sites in the state from Tuesday in view of cyclone Yaas, the company said. Another big PSU here, Bokaro Steel Plant (BSL), however, said that it will remain functional to ensure production and supply of liquid medical oxygen (LMO) to various states in the wake of the second wave of Covid-19.
The ONGC GM in-charge of corporate communications, Rajeev Prasad, said, “The ONGC has shut its CBM production for the next two days as a precautionary step in the wake of the cyclone. The company has CBM-production sites in Bokaro, Ramgarh and Hazaribag. We produce 20,000 standard metre cube CBM per day from two operational units in Bokaro and Hazaribag. There are 140 ONGC wells in Jharkhand, of them, production and testing are done in 22 wells. Drilling, digging of well and construction activities have also been stopped.”
Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 144170.00 Crore) operating in Gas & Petroleum sector.