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GAIL (India) Ltd and Indraprastha Gas Ltd emerge as top bidders in Reliance Industries Ltd s recent e-auction of coal-bed methane gas. The auction, held for 0.90 million standard cubic meters per day, saw GAIL acquiring 0.63 mmscmd and IGL picking up 0.14 mmscmd. Bidders offered premiums of up to USD 11 per million British thermal unit, based on 12.67% of the Brent crude oil price. The gas supply contracts span 1 to 2 years from April 1. ....
Positive setup was seen in stocks like Godrej CP, Maruti Suzuki, Canara Bank, PNB, Container Corp., Indigo, Bank Baroda, Dabur, Power Grid, NMDC, Can Fin Homes, IOC, IGL and MCX. ....
In the December quarter (Q3FY24), sales volume grew by a mere 4% year-on-year to 8.5 million metric standard cubic meters per day, lower than analysts’ estimates ....
When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase. ....
India Business News: Indraprastha Gas Ltd plans to expand its piped natural gas service to 57 villages in Delhi's south-west region. As urban areas near saturation and ele ....