This decision follows a five-year interval since the government's previous move to sell its 51.1% stake in HPCL to ONGC for Rs 36,915 crore
According to news reports, Indian Oil and BPCL have already approved rights issues, while HPCL has been instructed to make a preferred share distribution to the government.
To facilitate the interconnection, GAIL will undertake the pipeline laying process, estimated to cost Rs 15.16 crore
Petrol and Diesel prices in cities across India on 31-07-2023
The stations are Anakapalle, Bhimavaram Town, Eluru, Kakinada Town, Narsapur, Nidadavolu, Ongole, Singarayakonda, Tadepelligudem, Tenali, and Tuni
Recommendation: Buy; target price: Rs 770
Recommendation: Add; target price: Rs 110
The euro gained 0.05% to $1.1020 and remained on track for a 1% monthly gain
These changes are set to take effect from August 1 and will directly report to CEO Krithivasan
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