Oil India stock rallies 5%, hits new high ahead of 1:2 bonus; ONGC up 2%

Quick Summary:

The board of Oil India has fixed Tuesday, July 2, 2024 as record date to determine the eligibility of shareholders to receive bonus shares in the ratio of 1:2.

The government of India’s plan to more-than-double its exploration area of oil and gas to 0.5 million sq.km.by 2025 and to 1 million sq.km.by 2030 with a view to increase domestic output, which shall have far reaching ramifications for the energy landscape of the country.

The board has fixed Tuesday, July 2, 2024 as record date to determine the eligibility of shareholders to receive bonus shares.

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Article Details

Category: BusinessFinance

Markets: IndiaMali

Topics: ONGC Bonus issue Brent Crude Production of LPG Natural gas Crude oil Oil India share price Green hydrogen Markets Oil and Natural Gas Corporation Record date CBG Compressed Biogas

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 11:06:10 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 587 words

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News ID: 21407529

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