The capacity of the proposed facility, part of Indian Oil's Rs 56,000-cr investment plan during the 12th Plan, will be five mt a year.
Dabhol power plant is a lesson on what to avoid while setting up large infrastructure projects.
Market cap of government companies has remained unchanged in the past 8 years.
Indian equity markets registered their highest single-day percentage gains since early October.
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
In the last fiscal, the government had originally budgeted a dividend income of Rs 27,178 crore (Rs 271.78 billion) from PSUs.
Metal shares were the top gainers with Hindalco up over 5%.
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
The 30-share Sensex provisionally ended up 46 points to end at 28,122 and the 50-share Nifty gained 20 points to close at 8,514.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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Three PSUs, three private firms join bid to acquire 40% stake in Haldia Petrochem.
As the Sensex continued with its record-breaking show, over 750 stocks hit one-year high levels on the Bombay Stock Exchange on Friday.
Custom duties, a major concern for the oil sector.
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
The 30-share Sensex ended down 297 points at 27,438 and the 50-share Nifty closed 93 points lower at 8,305.
If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy. Here are his replies to some of the 'buy, sell, hold, avoid or exit?' e-mails that we have received.
At the close, the 50-share NSE Nifty was at 8,611.15, up 19.90 points, or 0.23 per cent, after moving between 8,637.15 and 8,555.20.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
Of the 30-share Sensex pack, 15 today closed in the red
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
The NSE Nifty, comprising 50 shares, breached the 8,300-mark for the first time to hit a new lifetime high of 8,330.75.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.
Hopes that better-than-forecasted monsoon may help the RBI cut rates sooner than expected, too triggered buying activity.
The 30-share barometer started higher, but lost its way soon after the railway budget.
Sensex ended in green on Friday amid heavy buying.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
Oil India is set to usher in a new era with a road map drawn to ramp up production and diversification plans to foray into liquefied natural gas
Investors were anxious concerned about the uncertainties over the timing of Us Federal Reserve rate hike, US policies under President Donald Trump, the upcoming French election and rising crude price that could impact inflation, going ahead. A weak closing in Asia tracking overnight losses in the US owing to all these unknowns triggered selling, brokers said.
TCS, Wipro and Infosys dropped by up to 4.47 per cent, dragging down the BSE IT index by 2.96 per cent
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
Interest rate sensitive stocks gain ground post decision
Reliance Industries has regained the top slot among Indian energy companies on the Platts global list
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