Latest news with #ONGC
Reuters
6 hours ago
- Business
- Reuters
Indian refiners' June crude processing drops 4.2% from a month earlier
July 22 (Reuters) - Indian refiners' crude throughput declined by 4.2% month-on-month in June to 5.41 million barrels per day (22.13 million metric tons), according to provisional government data released on Tuesday. Refinery throughput in May was at 5.47 million barrels per day (23.11 million metric tons). On a year-on-year basis, refinery throughput fell 0.3%. India's fuel consumption fell 4.7% in June from the previous month to 20.31 million metric tons, oil ministry data showed. India is the world's third-biggest oil importer and consumer. "Looking at the last years, refinery runs every year declined from May into June, likely driven by seasonally declining domestic oil demand due to the monsoon," said Giovanni Staunovo, an analyst at UBS. Meanwhile, Oil Minister Hardeep Singh Puri said India is confident of meeting its oil needs from alternative sources if Russian supplies are hit by secondary sanctions. U.S. President Donald Trump threatened to hit buyers of Russian exports with sanctions unless Russia agrees a peace deal over the conflict in Ukraine, potentially complicating Moscow's oil sales to China, India and Turkey. India's monthly oil imports from Russia in June surged 17.4% to about 2 million barrels per day, data provided by trade sources showed. India's state-run Oil and Natural Gas Corporation ( opens new tab is exploring building a 200,000-240,000 barrel-per-day refinery at Jamnagar in the western Indian state of Gujarat, a company source said last week. REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons): Source: Ministry of Petroleum and Natural Gas IOC: Indian Oil Corp ( opens new tab BPCL: Bharat Petroleum Corp Ltd ( opens new tab HPCL: Hindustan Petroleum Corp Ltd ( opens new tab CPCL: Chennai Petroleum Corp Ltd ( opens new tab MRPL: Mangalore Refinery and Petrochemicals Ltd ( opens new tab Reliance Industries Ltd ( opens new tab Please note that CPCL's CBR refinery is de-commissioned under shutdown due to limitation in meeting required product specifications with the existing configuration.
Time of India
a day ago
- Business
- Time of India
ONGC Share Price Live Updates: ONGC Stock Price History
21 Jul 2025 | 06:31:19 PM IST Stay informed with the ONGC Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on ONGC, including: Last traded price 245.04, Market capitalization: 308267.16, Volume: 5424455, Price-to-earnings ratio 8.53, Earnings per share 28.74. Our liveblog combines fundamental and technical insights to provide a holistic view of ONGC's performance. Stay ahead of the market with breaking news that can influence ONGC's trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the ONGC Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 06:31:19 PM IST, 21 Jul 2025 Show more
Business Standard
a day ago
- Business
- Business Standard
MRPL tumbles after reporting Q1 net loss of Rs 272 cr; GRM drops to $3.88/barrel
Mangalore Refinery & Petrochemicals (MRPL) fell 6.56% to Rs 139.55 after the company reported a standalone net loss of Rs 271.97 crore in Q1 FY26, compared to a net profit of Rs 65.57 crore in Q1 FY25. Revenue from operations (excluding excise duty) declined 25.3% year-on-year to Rs 17,356.23 crore for the quarter ended 30 June 2025. The company reported a pre-tax loss of Rs 402.90 crore during the quarter. MRPLs total throughput (crude + others) for Q1 FY26 was 3.52 million metric tonnes (MMT), down from 4.35 MMT in Q1 FY25. Gross refining margin (GRM) fell to $3.88 per barrel in Q1 FY26, compared with $4.70 per barrel in the same quarter last year. Earnings before interest, tax, depreciation, and amortization (EBITDA) stood at Rs 218 crore in Q1 FY26, a sharp decline of 66.46% from Rs 650 crore posted in Q1 FY25. The company also noted that it processed 1,512 TMT of crude oil in April 2025 the highest ever for any April surpassing the previous record of 1,481 TMT set in April 2022. Additionally, MRPL completed the shutdown of major units in the Phase-2 complex during the quarter. Mangalore Refinery and Petrochemicals, a subsidiary of ONGC, is Category 1 Miniratna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas. The refinery has flexibility to process crudes of various API, delivering a variety of quality products. As on 30 June 2025, ONGC held 71.63% stake while Hindustan Petroleum Corporation (HPCL) held 16.96% stake in the company.
Economic Times
2 days ago
- Business
- Economic Times
MRPL shares slide 7% after co slips to loss in Q1 on margin, revenue hit
Shares of Mangalore Refinery and Petrochemicals (MRPL) fell over 7% on Monday to touch an intraday low of Rs 138.70 apiece on the BSE. This decline came in the wake of the company's first-quarter financial results for FY26, which showed a significant turnaround from profit to loss. ADVERTISEMENT Last week, MRPL, a subsidiary of ONGC, reported a consolidated net loss of Rs 271 crore for Q1 FY26, compared to a net profit of Rs 73 crore in the same quarter last year. Revenue from operations for the June quarter fell to Rs 20,988 crore, down from Rs 27,289 crore recorded in Q1 FY25. Additionally, the company's Gross Refining Margin (GRM), a key indicator of profitability in the refining business, dropped to $3.88 per barrel from $4.70 per barrel year-on-year, highlighting the pressure on MRPL's core operations. Investors reacted negatively to the results, leading to a notable dip in the stock price on Monday. The stock has experienced significant volatility over the past year, hitting a 52-week high of Rs 230.25 and a low of Rs 98.95. Overall, the share price has declined by approximately 35% in the last 12 months, reflecting the challenges faced by the company and broader market a technical standpoint, the daily Relative Strength Index (RSI) stands at 59.6. Typically, an RSI below 30 indicates that a stock is oversold and may be due for a rebound, while an RSI above 70 suggests it is overbought and could face selling pressure. At 59.6, MRPL's RSI signals neither extreme, indicating a neutral momentum. ADVERTISEMENT Also read: ICICI Bank shares surge 2% after Q1 profit rises 15% YoY to Rs 12,768 crore. Should you buy, sell, or hold? Looking at moving averages, MRPL is currently trading below six out of eight Simple Moving Averages (SMAs), which is generally a bearish indicator. The stock is only above the 100-day and 150-day SMAs, while it remains below shorter-term averages such as the 5-day and longer-term averages like the 200-day SMA. This mixed pattern suggests some short-term weakness and pressure in the stock price despite a few longer-term support levels. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Politics
- Time of India
Constant infra upgrades at govt schools: CM
Panaji: Chief minister Pramod Sawant on Saturday said that state govt is constantly upgrading the infrastructure in govt schools in Goa and that govt institutes now have better facilities or are on par with those in other privately managed schools. Tired of too many ads? go ad free now 'Now, there is no shortage of teachers, even if some are appointed on a contract basis. Now there are 20 to 22 teachers teaching in a govt high school. Earlier, parents thought that a govt high school meant the facilities were lacking. Now this has changed, and govt high schools are in the number one position in the state,' said Sawant. The CM said that facilities like smart classrooms and labs are also being provided in govt schools in Goa. 'Giving good infrastructure to govt high schools is govt's duty, and we are providing it, whether it is a building, smart classroom, or lab. From time to time, we are giving such infrastructure one by one to all govt schools,' he said after inaugurating a STEM Lab at Govt Higher Secondary School, Sanquelim, along with water resources minister Subhash Shirodkar. The lab was provided under ONGC's CSR initiative. Sawant said that even children in the govt primary schools in Sanquelim and Shiroda constituencies are provided exposure to STEM education. 'This hands-on learning hub in science, robotics, and tech supports NEP 2020 and Viksit Bharat @2047. This is a step toward nurturing innovation and digital skills, which is one of six such labs across Goa. Children need exposure to STEM labs. In fact, if they are exposed to innovation and tech-related subjects now, they will develop an interest in entering innovation-related sectors in the future. Even primary students of Class IV are learning how the heart functions, how wind energy and solar energy operate. If you see this, then Goa's and India's future is bright,' said Sawant.
