GN Bureau | November 18, 2015
ONGC reported a weak set of second quarter earnings with net profit declining 31 percent to Rs 4,842 crore and revenue falling 9.4 percent to Rs 20,679 crore.
Last financial year, the company clocked in production of 25.94 million tonnes. However, gas production will be lower than the target and is expected to improve only in FY17, he said. In an interview to CNBC18, AK Srinivasan, Director-Finance, spoke on new exploration draft policy. He said the policy which has just come out and we are just in the process of examination this should be better ones then what it was earlier we assume.
On the ONGC’s business and realisations in the second half of the year he said “as far as the realisations are concerned basically in the Q2 we had a realization of a 48.83 and as against the average of the Indian basket was about 50.21. Similarly, the basket for the Q1 was around 61.47. Keeping these prices but now in the second half the prices are still lower.
They are hovering in the range of between $40-45. For every dollar change there is an impact considering the exchange rate remains around $65 we have an impact of about Rs 955 crore per dollar impact on the entire volume of one year. Similarly it has an impact about Rs 530 post tax. So looking half rate it should be half of the amount which is going to have an impact on increase or decrease in a dollar by that much.
Yield gaps in wheat production in India can be countered with an earlier sowing date, says a University of Michigan researcher. Using a new way to measure wheat yields, Meha Jain, assistant professor at the U-M School for Environment and Sustainability, found that the wheat yie
Kharpariya village, about 50 km from the headquarters town of Madhya Pradesh’s Mandla district, is like many villages in the region, home to the Baiga, deemed a particularly vulnerable tribal group (PVTG) for whom permanent contraception methods are banned to prevent extinction. However, care for p
Somabhai Modi says he remembers only one occasion when he offered his younger brother prime minister Narendra Modi advice regarding work. This, he says, was when Modi was chief minister of Gujarat. After one of his weekly grievance redressal sessions, the then chief minister had enquired after the well-b
Should ration cards not linked to Aadhaar be rendered ineligible?
INS Kiltan, the third anti-submarine warfare (ASW) stealth corvette built under project 28 (Kamorta class), was commissioned into the Indian Navy by defence minister Nirmala Sitharaman at the naval dockyard in Visakhapatnam. The anti-submarine warfare stealth corvet
Maharatna enterprise, Steel Authority of India Ltd. (SAIL) has supplied defence grade micro-alloyed grade of steel (DMR 249A) steel plates for the indigenously built anti-submarine warfare (ASW) stealth corvette INS-Kiltan commissioned into Indian Navy. SAIL’s integ