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AVFCCL has been incorporated for setting up of a new Ammonia-Urea Complex Namrup IV Fertilizer Plant at Namrup, Assam.
Shares of Gail India rose 0.12% to Rs 185.26 on the BSE.
The renewed pact, effective from 1 July 2025, will involve the supply of up to 900,000 standard cubic metres per day (SCMD) of natural gas from Oil India’s gas fields in Rajasthan, it added.
This agreement underscores the commitment of both Maharatna CPSEs to the production, transportation, and distribution of gas sourced from domestic fields. It reflects their collaborative approach to strengthening energy security and enhancing accessibility.
The procured gas will be supplied to the state-run power utility, Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL), for electricity generation.
Oil India is engaged in exploration, development, and production of crude oil and natural gas, transportation of crude oil, and production of LPG. It also provides various E&P-related services for oil blocks.
GAIL (lndia) is the largest state-owned natural gas processing and distribution company in the country. It has a diversified business portfolio and has interests in the sourcing and trading of natural gas, production of LPG, liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines, etc.
Shares of Oil India rose 0.25% to Rs 446.40 on the BSE.
Hindustan Petroleum Corporation Ltd rose 0.75% today to trade at Rs 448.4. The BSE Oil & Gas index is up 0.39% to quote at 28258.18. The index is up 3.13 % over last one month. Among the other constituents of the index, GAIL (India) Ltd increased 0.68% and Oil India Ltd added 0.57% on the day. The BSE Oil & Gas index went down 7.23 % over last one year compared to the 4.67% surge in benchmark SENSEX.
Hindustan Petroleum Corporation Ltd has added 10.7% over last one month compared to 3.13% gain in BSE Oil & Gas index and 1.54% rise in the SENSEX. On the BSE, 7229 shares were traded in the counter so far compared with average daily volumes of 2.35 lakh shares in the past one month. The stock hit a record high of Rs 457.2 on 05 Sep 2024. The stock hit a 52-week low of Rs 287.55 on 03 Mar 2025.