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Deep Industries Ltd has informed the market that the Company has obtained LOA from from ONGC, Ahmedabad Asset for hiring the services of compression of natural gas at Ramol GGS for Ahmedabad Asset .The value of the project is Rs 77.50 million.
About Oil India
On February 18, 1959, Oil India Private Limited was incorporated to expand and develop the newly discovered oil fields of Naharkatiya and Moran in the Indian North East. In 1961, it became a joint venture company between the Indian Government and Burmah Oil Company Limited, UK.
In 1981, OIL became a wholly-owned Government of India enterprise. Today, OIL is a premier Indian National Oil Company engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited.
Oil India IPO
»» Public Issue Open: September 7,2009 to September 11, 2009
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 2,64,49,982 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
Object of the issue:
Exploration and Appraisal Activities .
Development activities in producing Fields .
Purchase of Cap. equipments & Contracts for Facil. .
Diversification of Exist. Busns.in Downstream Act .
L&T has won two major offshore platform contracts from ONGC aggregating over Rs. 5300 crores.The order is for the Mumbai High North (MHN) process platform & living quarters project, with an additional order for supply of three process gas compression modules to be installed in the same complex. The Execution time for the same is 33 months.
BGR energy informed the market today that “The State Company for Oil Projects, Ministry of Oil, Iraq”has infcat increased the value of the contract which they placed earlier from US$76.6mn to US$80.5mn.
Previously it was in October 2006 they awarded a lump-sum Turnkey contract worth of US$76.60MN to BGR Energy, for design and supply of gas processing complex of KORMOR Gas Field Development project.This project dint take place because of some change in operating parameter.
About Raj Oil Mills Ltd
Raj Oil Mills is one of the front runners when it comes to offering a wide variety of pure quality oils to meet every need of the discerning customer.The company offers an eclectic mix of branded oils, ranging from pure coconut oil to a variety of cooking oils ensuring the satisfaction of its ever-expanding customer base. Led by the company’s flagship brand Guinea Double Filtered Pure Groundnut Oil (which was launched in 1953), ROML’s array of powerful brands are today well-known names in India, enjoying an enviable loyalty among its patrons.
Issue Details
Public Issue Open: July 20 ,2009 to July 23, 2009
Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
Public Issue Size: 95,00,000 Equity Shares of Rs. 10/-
Face Value: Rs. 10/-
Public Issue Price: Rs 100/- to Rs 120/-
Market Lot: 50 Shares
Minimum Order Quantity: 50 Shares
Object of the issue:
>Setting up Crushing & Refinery unit Sunflower,Palm (Manor).
>Setting up Crushing unit for Sesame & Mustard (Bagru).
>To Meet Margin money for Working Cap. requirements .
>Brand Promotion & Expn of Mkt. & Distrbn Network .
>Setting up of Research & Development Facilities .
>Profession and Consultance Fees .
>Miscellaneous and Other Assets .
>Provision for Contingencies .
Hindustan Dorr Oliver Ltd has informed the market has bagged another order worth Rs 108.9 Crores from HPCL-Mittal Energy Ltd for Effluent Treatment Plant of 12 MLD capacity , The execution time for the project is 17 months.
It has also bagged another order from HPCL-Mittal Pipelines Ltd for crude oil terminal effluent treatment facility at Mundra of value Rs 9.90 crs.The Execution time for the project is 11 months .
Hindustan Dorr Oliver a Vedanta group of company informed the market that they have secured 2 contracts aggregating Rs 66 crore from the Vedanta Group.
Order info
>First order worth Rs 48.5 crore is for setting up air water piping system at Vedanta’s 12.5 lakh tonne per annum aluminium smelter expansion project in Jharsuguda, Orissa. Execution time of the project is 1 year.
>Second order worth Rs 17.50 crore is for setting up of a Milk of Lime Plant (MoL) for Vedanta’s 3 million metric tonne per annum alumina refinery expansion project at Lanjigarh district at Orissa. Execution time of the project is 11 months.
Confidence Petroleum India Ltd has informed the market that they have bagged 3 orders TWO from IOCL and ONE from Hindustan Petroleum Corporational.
Order Details
1.Two order for M/s. Hindustan Petroleum Corporation Ltd (Rs 37.70 Crores] & M/s. Indian Oil Corporation [Rs 5.19 Crores] for supply of LPG Cylinders. The contract is to be executed on or before March 31, 2010.
2.Contract for Design, Supply, Erection, Testing, Commissioning & Maintenance of 9 [Nine] Auto LPG Dispensing Stations in the States of West Bengal, Andhra Pradesh, Uttar Pradesh, Maharashtra & Jharkhand, to the Project & Engineering Department for IOCL. The total value of the contract is Rs 4.13 crores.
Reliance Petroleum Ltd has informed the market that on aBoard Meetign that was held on March 02,2009 , They have agreed on the amalgamation of scheme to merge with Reliance Industries Ltd (the “Transferee Company”) under the provisions of Sections 391 to 394 of the Companies Act, 1956.The Scheme shall be subject to necessary approvals of shareholders and creditors and sanctions of the Hon’ble High Court of Judicature at Bombay and the Hon’ble High Court of Gujarat at Ahmedabad.
Merge Details
Date of the amalgamation or Merger is April 01, 2008.
Merger Stock details : Every Reliance Petroleum Shareholders will receive 1 fully paid equity share of Rs 10 each of Reliance Industries Ltd for every 16 fully paid equity shares of Rs 10 each of the Company held by them on the record date to be fixed by the Transferee Company.
Read more info here.
Hindustan Dorr Oliver Ltd has informed the market that the Company has bagged an order worth Rs 24 crores from M/s. HPCL-Mittal Energy Ltd .he order is for detailed engineering, shop & site fabrication, transportations and supply of Process Pressure Vessels weighing from 50 MT to 250 MT each.
Execution time :
Execution time is 12 to 14 months.
BGR Energy infromed the market that the company’s oil and gas equipment division has secured a contract worth $8.57 million from State Company of Oil Projects (SCOP) of Iraq for supply of 14 floating and fixed-roof steel storage tanks.
Execution time:The order has to be executed within 12 months.
Oil & Natural Gas Corporation Ltd (ONGC) and chennai Petroleum Corporation (CPCL) has informed the market that even after the restraining orders from the court the Oil Sector Officers’ Association, including Officers of Oil And Natural Gas Corporation Ltd under the aegis of Association of Scientific & Technical Officers (ASTO) have given a call to proceed on strike effective 0600 hours on January 07, 2009.
Alphageo (India) Ltd has informed the market yesterday that they have bagged order wirth 43.69 crore from ONGC.The share price which went up today morning upto 115 rs has come down to 105 rs.
| Maharashtra Seamless informed the market today that they have won order worth Rs 757 crore from ONGC for supply of seamless pipes.Seamless pipes are used in places like oil fields and gas transformation. |  |
The order is to be started immediately and have to be completed in 15 months.The influence of this order will carry over 1 years result then ,and with this order the total order book comes to almost 1370 crore.
Everest Kanto Cylinder Ltd has informed the market that they have received an order from Pakistan and Middle East countries for the supply of CNG cylinders through EKC International FZE, the Company’s wholly owned subsidiary in Dubai. The value of the ocntract is 13 million dollar which will almost come to 60 crore when 1 dollar is 45 rs.
Punj Lloyd, which had won some order yesterday again is blessed with some more order this one is too big , they informed the market that it has been awarded the engineering, procurement, installation, and commissioning of strategic gas transmission project worth US$ 800 million (Rs 3636 crore), from Qatar Petroleum. The project Includes laying of 211 km of pipeline with associated stations and infrastructure.The order Execution time is 32 months.
Hi all , i have just added links to Daily Indian gold price , oil price per barrel and also whats the rate of rupee when it comes to US Dollar , so have added all the three as pages on the main menu, if you see this image you can easily identify.
Patels Airtemp India Ltd informed the market today that the Company has received an order worth around 16.09 crore from essar oil refinery project at aujarath and the contract is for Shell and Tube Heat Exchangers.
After US Government gave out the oil inventories which unexpectedly declined and gasoline stockpiles fell , Crude Oil went up by 3 dollar a barrel .This will have the Oil stock go up today like cairn energy , reliance petroleum and much more .
How much is 1 barrel in Liter ?
1 barrel = 117.347765 liters
Sanwaria Agro Oils Ltd has informed the market today that the Board of Directors of the Company on it smeeting held on august 8th 2008 have made decision on dividend and Bonus and the details is as follows.
>Dividend on equity shares @ 30%, Rs. 0.30 Per Share to Equity Share holders of the Company.
>Bonus in the ratio of 1:1 to Equity Share holders of the Company.
The record date for the same will be informed soon here.
Shiv Vani Oil & Gas Exploration Services informed the market today that they have been awarded a contract worth Rs 1610 crore from Oil & Natural Gas Corporation to deploy eight onshore deep drilling rigs.on the financial side Shiv Vani Oil showed net profit of 115.9% to Rs 21.22 crore on 118.4% growth in net sales to Rs 142.26 crore in Q1 June 2008 over Q1 June 2007.
Crude oil which is almost writing stories in every countries Economy saw a big spike today in NYNEX which they say is one of the first and it surged more than 10 dollars a barrel touching a record of USD 139.12 a barrel during trading. I dont understand the reason they are saying for the crude price or true atleast for one they are saying US employment rates is getting high , if thats the case why would they spend much on oil and drive around .Morgan Stanley has predicted the oil price would reach even 150 dollar in a month or so ,think we have to stop trading equity and buy oil bonds or something .
Finally the government came out with the decision of oil price hike as most of the oil companies where going on loss , they not only did hike it but also have cut the excise duty also on oil.
Price Hike
Petrol prices up by Rs 5,
Diesel up by Rs 3 and
LPG price up by Rs 50 per cylinder.
Duty Cuts
Duty cuts are bringing a loss of revenue of about Rs 22,660 crore for the remaining 10-month period for this financial year ending march 2009.
>Customs duty on crude will be made nil from 5%.
>Customs duty on HSD and petrol will be reduced from 7.5% to 2.5%.
>Customs duty on other petroleum products will be reduced from 10% to 5%.
>Finally, excise duty on HSD and petrol will be reduced by Re 1 per litre each. So, Re 1 on petrol and Re 1 on diesel
Larsen & Toubro Ltd (L&T) informed the market today that the company has received order from Hindustan Petroleum Corporation Ltd (HPCL) for 576 crores and the order was bagged by L&T’s E&C Division’s Refinery Projects Business Unit .
Bharat Oman Refineries (BORL) has filed DRHP with SEBI on March 28, 2008 for its initial public offering (IPO).
About BORL
BORL is promoted by Bharat Petroleum Corporation (BPCL), a fortune Global 500 Company, with interests in downstream oil refining and marketing of petroleum products.
IPO Size
BORL intends to raise approximately Rs 3850 crore as the equity contribution for a refinery project at Bina.
Reliance Petroleum was to start operations from december 2008 which is been preponed from September 2008 , in both way its good news as they will still be benefitted from the & year income tax holiday , but this is getting withdrawn as informed by finance minister P.chidambaram from April 1 2009 , so any Refineries that starts operation before april 1 2009 will only benefit .
Larsen & Toubro Ltd (L&T) has informed the market that the Electrical & Electronics Division (EBG) of L&T has been awarded the contract for SCADA system for Onshore Control Centres (OCC) for offshore operations by Oil and Natural Gas Corporation (ONGC). The contract is worth Rs 74.7 crore.It has to be executed in 11 months , the stock price of larsen toubro went up by 6 percent or 180 rs today after the company clarified on the 200 crore loss news that was informed by motilal oswal to the market.
Gail India has informed the market that they have accorded approval for setting up a subsidiary Company for City Gas Distribution (CGD) and CNG corridor business.The stock price went up by 6 percent or 26 rs.
Essar Exploration & Production Ltd (EEPL), Mauritius, has been awarded an offshore block in Vietnam’s prolific Song Hong basin, The exploration phase is estimated to last five years and the investment for this programme will be approximately US$ 60 million.
Gail India Ltd has informed the market that the Company has signed a MoU with ITERA Oil & Gas Company of Russia for cooperation in projects ranging from participation in CNG projects in Russia, Gas based Petrochemicals opportunities in Russia, E&P opportunities in Russia and CIS countries and cooperation in other projects of mutual interests.The stock price has gone up by 8 rs after the news hit the market .
Bongaigaon Refinery & Petrochemicals net profit rose 143.55% to Rs 84.90 crore in the Qtr of Dec 2007 compared to Rs 34.86 crore in QOQ Dec 2006 . Sales rose 6.61% to Rs 1462.22 crore in the Qtr of Dec 2007 compared to Rs 1371.57 crore in QOQ Dec 2006 .
Chennai Petroleum Corporation net profit rose 826.57% to Rs 225.62 crore in the Qtr of Dec 2007 compared to Rs 24.35 crore in QOQ Dec 2006 . Sales rose 20.03% to Rs 7060.11 crore in the Qtr of Dec 2007 compared to Rs 5881.92 crore in QOQ Dec 2006 .
Nocil Clarifioes on news item that
NOCIL is not a part of Mukesh Ambani led Reliance Industries and NOCIL Petrochemicals is not a subsidiary of NOCIL and hence the question of shareholders of NOCIL getting new shares of NOCIL Petrochemicals does not arise at all. The Company further clarified that NOCIL does not own large tract of land in the Thane Belapur Industrial belt in Navi Mumbai as wrongly stated in the said article.
After the Company clarified on news item yesterday , the stock saw lower circuit today in the opening market, i hold 75 shares of Nocil.
Deep Industries has obtained the LOI (Letter of Intent) in respect of contract with Gujarat State Petronet Ltd for Compression of Natural Gas at Olpad for the period of 5 years. The approximate Contract value for gas compression is around RS 30 Crore.
Shiv Vani Oil & Gas Exploration Services Ltd has informed the bourses that it has bagged contracts from Oil India Ltd for charter hire of 4 (four) rigs of 1500 HP / 2000 HP, period fo execution is for two years.The revenue of 261 crores will be spread over 2 years.
India Glycols Ltd has raised by 5 percent after it informed the market that the Company has acquired 3,17,24,200 Equity Shares of Rs 10/- each of M/s. Shakumbari Sugar and Allied Industries Ltd, which is 96.56% of the total paidup Share capital of the Company and has takenover the management of the Company.
Maharashtra Seamless Ltd (MSL) has announced the marke that the Company has received export orders worth USD 40 Million from USA & Latin America. These supplies would support the drilling programmes of Oil & Gas majors in the above region. With the exploration & drilling activities on the rise, the demand for Seamless Pipes is expected to rise significantly and MSL is better positioned to get some major pipes contracts in the coming time.The EPS for the company is at 33 rs annualy and with a pe of 17 this is a good stock to buy below 610 rs.
Gail India Ltd is up fromt he opening of the market by almost 5 percetn after it announced that the Company and Reliance Gas Transportation Infrastructure Ltd (RGTIL) have signed an Agreement for Transmission of natural gas from the Krishna Godavari (KG) basin.
Asian Oilfield Services Ltd has informed the market that it has secured two orders from ONGC India.
1.)One is a Rs 44.55 Crore order from ONGC Jorhat office for acquisition of 2D Seismic Data in Nagaland to be executed within 400 operating days of the issue of the Award of Contract. This order is extendable further to acquire more data at mutually agreed terms & conditions.
2.)The other order is from the ONGC Baroda office for Rs 15.17 Crores for providing Integrated Seismic Job Services & Shot Hole Drilling Services. The work on this project will start in December 2007 and will continue for Field season 2007-08 & 2008-09.
So more orders may comein from ONGC if this goes well.
Hindustan Dorr-Oliver bags order worth 111.50 crore order from HPCL for design, supply, engineering and construction of integrated effluent treatment plantbut the stock declined 3.29% to Rs 160 at 11:31 IST on BSE, The order value is close to Rs 111.50 crore. The contract is to be executed within 18 months.
The stocks of the oil marketing companies soared on hopes that the government may give some tax benefits or increase oil bonds, which will bring down the burden of rising crude oil prices on them.
Oil Index was up by .5 percent
>Bongaigaon Refinery & Petrochemicals (BRPL)surged 30.13% to Rs 104.95
>Mangalore Refineries and Petrochemicals (MRPL) rose 22.09% to Rs 127.95
>Bharat Petroleum Corporation rose 18.02% to Rs 427
>Hindustan Petroleum Corporation (HPCL) rose 14.89% to Rs 299.85
>Chennai Petroleum Corporation rose 11.81% to Rs 400.95
Essar Oil surged by 58 percent on a single dat to Rs 139.90 on huge volumes of 1.88 crore shares on BSE. The company and RIL have reportedly increased petrol and diesel prices by Rs 4.50 to Rs 5 per litre. As the international crude oil prices are hovering around the $100 a barrel mark, oil companies in the country are finding it difficult to maintain the profitability. The private sector fuel retailers will lose market share to the government-owned companies as PSUs sell at a lesser price.
Jaihind Projects has informed the market that the Company has been
awarded order of Rs 14.85 Crores from Maharashtra Natural Gas Ltd for
CNG & City Gas Distribution Project at Pune.
Bharat Petroleum Corporation Ltd (BPCL) has announced the following Unaudited results for the quarter ended September 30, 2007:
The Company has posted a net profit after tax of Rs 10382 million for the quarter ended September 30, 2007 as compared to Rs 12585 million for the quarter ended September 30, 2006. Total Income has decreased from Rs 267381 million for the quarter ended September 30, 2006 to Rs 255356 million for the quarter ended September 30, 2007.
Bongaigaon Refinery & Petrochemicals has posted a net profit of Rs
1132.30 million for the quarter ended September 30, 2007 as compared
to Rs 502.90 million for the quarter ended September 30, 2006. Total
Income has decreased from Rs 17614.80 million for the quarter ended
September 30, 2006 to Rs 14077.60 million for the quarter ended
September 30, 2007.
ONGC has posted a net profit of Rs 50974.80 million for the quarter
ended September 30, 2007 as compared to Rs 41739.80 million for the
quarter ended September 30, 2006. Total Income has increased from Rs
150082.60 million for the quarter ended September 30, 2006 to Rs
166238.90 million for the quarter ended September 30, 2007.
Chennai Petroleum Corporation has posted a net profit of Rs 2302.60
million for the quarter ended September 30, 2007 as compared to Rs
972.50 million for the quarter ended September 30, 2006. Total Income
has decreased from Rs 66215.30 million for the quarter ended September
30, 2006 to Rs 63751.70 million for the quarter ended September 30,
2007.
HPCL has posted a net profit of Rs 8530.30 million for the
quarter ended September 30, 2007 as compared to Rs 12219.80 million
for the quarter ended September 30, 2006. Total Income has increased
from Rs 245060.00 million for the quarter ended September 30, 2006 to
Rs 245152.00 million for the quarter ended September 30, 2007.
