ONGC Shares: At 12:35 pm, the shares had been buying and selling at Rs 66.55, down 1.63 per cent on the BSE,
Oil and Pure Gasoline Company (ONGC) shares fell greater than Three per cent after a hearth broke out at its Hazira gasoline processing plant in Gujarat on Thursday morning, which was later introduced underneath management. The shares of ONGC fell as a lot as 3.2 per cent to the touch an intra-day low of Rs 65.45 on the BSE in early buying and selling. Nevertheless, they recouped some losses thereafter, and at 12:35 pm, had been buying and selling at Rs 66.55, down 1.63 per cent on the BSE, as in opposition to a per cent decline on the benchmark indices.
ONGC has shut the plant, which will get gasoline from its western offshore fields to provide liquefied petroleum gasoline and different merchandise like naphtha.
ONGC has mentioned there have been no casualties or accidents, the fireplace has been extinguished and it’s making efforts to renew regular operations on the plant.”A fireplace was noticed within the Hazira Gasoline processing plant within the morning as we speak. Hearth has been introduced underneath management. There isn’t any casualty or harm to any particular person,” the corporate mentioned in a tweet.
ONGC is the biggest built-in oil and gasoline firm in India and is owned by the federal government.
The BSE Sensex was buying and selling at 36,875.45, weaker by 791.45 factors or 2.09 per cent and the NSE Nifty was at 10900.85, down 230.65 factors or 2.07 per cent on the time.