By LiveMint-India
Upstream major ONGC will focus on exploration activities along the east coast, including the Mahanadi, Krishna-Godavari (KG) and Cauvery basins, and off the coast of the Andamans. It also struck a resource-sharing pact with RIL.
While order inflows were on the upside, L&T’s consolidated profit for the December quarter fell 4% y-o-y to ₹3,215 crore, weighed down by a one-time provision of ₹1,191 crore to comply with India’s new labour codes. Excluding that one-time provision, profit rose by a third y-o-y to ₹4,406 crore.
After nearly two decades of stop-start negotiations, India and the European Union have concluded their largest-ever free trade agreement, unlocking sweeping tariff cuts, deeper services access and a strategic economic partnership spanning nearly two billion consumers
The state-run firm is in talks with Danish shipping major Maersk, Italian major Mediterranean Shipping Company SA, and Germany's HAPAG-Lloyd to source crude oil from the planned LNG bunkering facility at Kerala's Vizhinjam port, Rahul Tandon, head of BPCL's gas business, told Mint.
