Chinese Distributor Partners with Sinopec
Mar 4, 2021 4:05:pm
Summary China Gas provides Sinopec with market access while Sinopec provides China Gas with logistical and LNG procurement support.
by: William Powell
China Gas Holdings and Sinopec have entered into a strategic agreement that will allow them to fully leverage each other s advantages in resources an.
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Domestic equity benchmarks ended near the day s high on Thursday. FMCG and metal shares advanced while banks and financial shares corrected. As per provisional closing data, the barometer index, the S&P BSE Sensex, rose 222.13 points or 0.43% to 51,531.52. The Nifty 50 index gained 66.80 points or 0.44% to 15,173.30.
The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.45%. The S&P BSE Small-Cap index gained 1.06%.
Buyers outnumbered sellers. On the BSE, 1741 shares rose and 1246 shares fell. A total of 139 shares were unchanged.
COVID-19 Update:
Total COVID-19 confirmed cases worldwide stood at 10,73,58,295 with 23,54,837 deaths. India reported 1,42,562 active cases of COVID-19 infection and 1,55,360 deaths while 1,05,73,372 patients have been discharged, according to the data from the Ministry of Health and Family Welfare, Government of India.
Read more about Mahanagar Gas Q3 PAT rises 16% YoY to Rs 217 cr on Business Standard. The city gas distributor s net profit increased 16.7% to Rs 217.21 crore on 10.5% decline in net sales to Rs 666.40 crore in Q3 FY21 over Q3 FY20.