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OPAL NEGATIVE EBITDA
- Hormuz crisis lifts ONGC oil business, squeezes petrochemical unit as feedstock costs surge
The financial landscape for ONGC's petrochemical unit OPaL is alarming, as it faces considerable losses amid skyrocketing naphtha and gas p...
ONGC shares down over 3%; Axis Capital initiates 'sell' rating with 14% downsideONGC shares fell over 3% after Axis Capital initiated coverage with a sell rating and a Rs 205 target, citing production decline, weak oil ...
US LNG contracts swap to help GAIL avoid a big hitCredit Suisse in a note released last August said that GAIL might have to bear an annual loss of $300 million due to the US LNG contracts.