Bhagawati Gases enters into MOU with Russian co

MUMBAI: Bhagawati Gases has entered into an agreement with Russian company, Rotor-1, for detection of direct hydrocarbon in South Kadi Area of Western Onshore Basin in Gujarat.

The tender was awarded by Oil and Natural Gas Corporation for low frequency passive seismic survey, for contract value of $8,85,300.

On Tuesday, Bhagawati Gases shares closed up 3.98 per cent at Rs 10.45 and ONGC closed up 7.25 per cent at Rs 1074.95 on BSE.