Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>The state-owned ONGC said the fire at its Surat plant is now under control.</li><li>No casualty or injury has been reported in the incident. </li><li>Watch the video showing massive flames at the ONGC’s Surat plant.</li></ul>A massive fire broke out in Hazira-based gas processing plant of Oil and Natural Gas Corporation (ONGC) in Surat in the early hours of Thursday. The blaze, which was preceded by three blasts, has been extinguished, the official said, adding no one was hurt. The blaze was massive and could be seen from a distance of several km, eyewitnesses said. Some also posted videos of the explosions and the fire on social media. <div type="twitter" handle="ONGC_" handlename="ONGC" image="http://pbs.twimg.com/profile_images/1250694992252727296/DqOt5m01_normal.jpg" favoritecount="182" retweetcount="45" status="A fire was observed in the Hazira Gas processing plant in the morning today. Fire has been brought under control. T… https://t.co/xQJ2a85M9Z" createdat="1600912827000" id="1308949385473032192"></div> "The fire broke out in the inlet gas terminal after three massive blasts at 3.05 am. The compressed gas was depressurised to bring the fire under control," Surat District Collector Dhaval Patel said. <div type="twitter" handle="ANI" handlename="ANI" image="http://pbs.twimg.com/profile_images/1497864299/ani_mic_logo_normal.jpg" favoritecount="149" retweetcount="48" status="#WATCH Gujarat: A fire breaks out at an Oil and Natural Gas Corporation (ONGC) plant in Surat. Fire tenders present… https://t.co/JS0p9k0rJ0" createdat="1600901995000" id="1308903952973520897"></div> Fire vehicles of the ONGC, Surat Municipal Corporation and local industrial units rushed to the spot and brought the blaze under control, he said. The inlet gas terminal where the fire broke out was cordoned off and the plant secured, he said, adding the cause of the fire will be ascertained after cooling operations are completed. No other industry in the area was affected, he said. There was no confirmation from the district administration of reports that the fire was apparently caused by a rupture in the 36-inch Uran-Mumbai gas pipeline. The ONGC in a tweet said, "A fire was observed in the Hazira Gas processing plant in the morning today. Fire has been brought under control. There is no casualty or injury to any person." "Fire has been completely extinguished. Efforts are being made to resume normal operations at the earliest," it said in another tweet. (with inputs from PTI) SEE ALSO: <a href="https://www.businessinsider.in/careers/news/yes-bank-is-hiring-again-for-the-coming-year-after-workforce-shrinks-by-1000-since-march/articleshow/78287419.cms" data-type="tilCustomLink">EXCLUSIVE: YES Bank's workforce shrank by 1,000 employees since March but now it's hiring again for the coming year</a> <a href="https://www.businessinsider.in/business/news/list-of-indias-most-powerful-business-women-of-2020/slidelist/78277386.cms" data-type="tilCustomLink">Roshni Nadar, Divya Gokulnath, Ameera Shah and Vinati Saraf — India’s most powerful businesswomen of 2020, according to Forbes</a>

Massive fire at ONGC’s Surat plant, no casualties reported

The key Indian equity indices continued its recent bear run on Thursday with a gap-down opening. <keyword id="53232" type="COMPANY" weightage="20" keywordseo="BSE-sensex">BSE Sensex</keyword> plunged 575 points and the Nifty50 fell below the psychological mark of 11,000. Domestic indices were weighed down by a sell-off in the <keyword id="35189" type="COMPANY" weightage="20" keywordseo="asian-markets">Asian markets</keyword>. The sell-off in the Indian market was led by auto, consumer durables, metal and finance stocks. Around 10.10 a.m., Sensex was trading at 37,092.84, lower by 575.58 points or 1.53 per cent from its previous close of 37,668.42. It opened at 37,282.18 and has so far touched an intra-day high of 37,304.26 and a low of 37,058.79 The Nifty50 on the National Stock Exchange was trading at 10,961.65, lower by 170.20 points or 1.53 per cent from the previous close. Manish Hathiramani, technical analyst with <keyword id="1693325" type="COMPANY" weightage="20" keywordseo="Deen-Dayal-Investments">Deen Dayal Investments</keyword> said: "The index continues to remain weak and any rally up can be used to short this market. 10,900-10,950 is a support range for the market so traders can book profits at the current juncture and use any opportunity to short the October series futures contract at higher levels for a target of 10,750. The resistance on the upside is at 11,300." SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/top-stock-movers-ril-future-retail-ircon-international-dr-reddys-lab-ongc-hdfc-and-more/articleshow/78288918.cms" data-type="tilCustomLink"> Top stock movers — RIL, Future Retail, Ircon International, Dr Reddy's Lab, ONGC, HDFC and more</a> <a href="https://www.businessinsider.in/india/news/massive-fire-at-hazira-based-gas-processing-plant-ongc-in-surat-updates/articleshow/78287631.cms" data-type="tilCustomLink">Massive fire at ONGC’s Surat plant, no casualties reported</a>

Sensex tanks nearly 600 points, Nifty dips below 11,000 led by finance and auto stocks

<ul><li>At 7:45 am, the SGX Nifty was down 1.14%, indicating a negative start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>The Indian stock market is likely to open in red on Thursday, amid the weak sentiments from the global market. At 7:45 am, the SGX Nifty was down 1.14% pointing towards a negative start for Nifty50. In global markets, the US stocks resumed their heavy sell-off amidst weak macroeconomic indicators and overshadowed recovery outlook on Wednesday. The Dow Jones Industrial Average ended up 525.05 points lower, and the S&amp;P 500 was down 2.37%. These are the stocks to watch out for during the trading session on September 24: Zydus Wellness Zydus Wellness board has approved and authorised the opening of the Qualified Institutional Placement issue at ₹1,775.85 per share on September 23. The shares of Zydus Wellness ended 4% lower yesterday. HDFC Limited Housing Development Finance Corporation Ltd (HDFC) is looking to raise up to ₹5,000 crore by issuing bonds on a private placement basis. The issue size for the secured redeemable Non-Convertible Debentures (NCDs) will be ₹2,500 crore with an option to retain oversubscription of up to ₹2,500 crore, it said in a regulatory filing to stock exchanges. The shares of HDFC Limited ended 0.4% lower yesterday. Infrastructure Leasing &amp; Financial Services (<keyword id="6357293" type="UNKNOWN" weightage="20" keywordseo="ILFS">IL&amp;FS</keyword>) The government of India has extended the term of Uday Kotak as non-executive chairman of debt-ridden IL&amp;FS group by one year. Kotak is also the managing director and chief executive officer of Kotak Mahindra Bank. The shares of IL&amp;FS Transportation Networks ended 4% lower yesterday. Tata Consultancy Services IT major Tata Consultancy Services (TCS) along with the US-based Yale University announced the launch of a new framework that could help ensure privacy and trust in peer-to-peer digital networks. The company said this would be a critical element in enhancing blockchain solutions for greater adoption by consumers. The shares of TCS ended 3% lower yesterday. Future Consumer Future Consumer promoter, Future Capital, invoked 36.6 lakh pledged equity shares. The shares of Future Consumer ended 4% lower yesterday. Sun Pharma Sun Pharma voluntarily recalled one lot of RIOMET ER (metformin hydrochloride for extended-release oral suspension), to the consumer level. The reason for the recall by Sun Pharma came after testing showed high levels of N-nitrosodimethylamine (NDMA), which is above the USFDA norms. The shares of Sun Pharma ended 1.3% lower yesterday. ONGC A fire broke out on Thursday morning at ONGC’s Surat plant. According to <a href="https://www.ndtv.com/india-news/massive-fire-breaks-out-at-ongc-plant-in-gujarats-surat-after-gas-pipeline-blast-2300194">reports</a>, three consecutive blasts took place at two terminals of the Hazira-based ONGC plant in Surat at around 3:30 am. The shares of ONGC ended 2.3% lower yesterday. Angel Broking IPO The ₹600 crore IPO of Angel Broking closes today. The issue was subscribed 1.45 times, a retail portion at 2.8 times on day 2, yesterday. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/airbnb-ceo-brian-chesky-on-the-companys-ipo-when-the-markets-ready-for-airbnb-it-will-go-public/articleshow/78276873.cms" data-type="tilCustomLink">Airbnb CEO Brian Chesky on the company's IPO⁠— 'When the market's ready for Airbnb, it will go public'</a> <a href="https://www.businessinsider.in/business/corporates/news/tech-mahindra-subsidiary-sells-stake-in-altiostar-to-rakuten-for-45-million/articleshow/78273567.cms" data-type="tilCustomLink">Tech Mahindra subsidiary sells stake in Altiostar to Rakuten for $45 million</a>

Top stocks to watch— TCS, Future Consumer, ONGC, Zydus Wellness, HDFC, IL&FS, Angel Broking, Sun Pharma and others

<ul><li>The 30-share BSE index was trading 1.52% lower; while the Nifty50 cracked 150 points at 10:05 am. </li><li>These were the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market index Sensex tumbled over 500 points on Tuesday, led by massive sell-off in global stocks amid heavy foreign fund outflow. The 30-share BSE index was trading 1.52% lower; while the Nifty50 cracked 150 points at 10:05 am. These were the top losers and gainers in the Nifty pack: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Infratel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Dr. Reddy's Laboratories </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindalco </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Power Grid </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Finance </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kotak Mahindra Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zee Entertainment Limited </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">- </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors </td></tr></tbody></table>*as of September 24, 10:00 am RIL and Future Retail trade in red RIL shares down 1%, while Future Retail lost 5% as the Competition Commission of India (CCI) will examine the online and offline aspects of the Reliance-Future Group deal – separately and together – to ascertain their effect on competition, according to <a href="https://economictimes.indiatimes.com/industry/services/retail/competition-commission-reviewing-both-online-offline-aspects-of-reliance-future-deal/articleshow/78280366.cms?from=mdr">reports</a>. RIL’s retail arm sought the CCI approval for its ₹24,713 crore acquisition of the online and offline businesses of Future Retail. Ircon International shares gains 2% The shares of Ircon International surged 2% in an otherwise weak market after it secured contracts worth over ₹400 crore from the Ministry of Railways. The contracts pertain to works of nine roads over bridges. Dr Reddy's Lab shares up 1% The shares of Dr Reddy's Labs were trading 1% higher after the company received US Food and Drug Administration nod for its hyperparathyroidism drug, Cinacalcet Tablet. HDFC Limited shares down 1% The shares of Housing Development Finance Corporation was down 1% after the company said it is looking to raise up to ₹5,000 crore by issuing bonds on a private placement basis. ONGC shares down 2% The shares of state-owned Oil and Natural Gas company was down 2% after a massive fire broke out in its Surat-based <a href="https://www.businessinsider.in/india/news/massive-fire-at-hazira-based-gas-processing-plant-ongc-in-surat-updates/articleshow/78287631.cms">Hazira gas processing </a>plant in the early hours of Thursday. The reason and the damage due to the fire at ONGC plant are yet to be ascertained. Tata Motors DVR shares up 2% The shares of Tata Motors DVR 'A' Ordinary were up 2% after the parent company Tata Sons bought 37.63 lakh shares in the company at ₹59.83 per share on the NSE. Future Consumer shares down 4% Kishore Biyani owned Future Consumer shares shed 4% value during the early trade hours after the promoter entity Future Capital Investment invoked 36.6 lakh pledged equity shares of Future Consumer. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/yes-bank-is-hiring-again-for-the-coming-year-after-workforce-shrinks-by-1000-since-march/articleshow/78287419.cms" data-type="tilCustomLink">EXCLUSIVE: YES Bank's workforce shrank by 1,000 employees since March but now it's hiring again for the coming year</a> <a href="https://www.businessinsider.in/business/ecommerce/news/online-grocery-market-is-booming-huls-shikhar-app-now-gets-double-the-orders-big-baskets-rakes-in-thrice-the-volume/articleshow/78288794.cms" data-type="tilCustomLink">Online grocery market is booming – HUL's Shikhar app now gets double the orders, Big Baskets rakes in thrice the volume</a>

Top stock movers — RIL, Future Retail, Ircon International, Dr Reddy's Lab, ONGC, HDFC and more

New Delhi, Mar 25 () With the unprecedented nationwide lockdown shutting down factories, ONGC has been forced to cut natural gas production by up to one-tenth as customers refused to take supplies because of business disruption.Oil and Natural Gas Corp (ONGC), which produced 64.5 million standard cubic meters of gas per day till earlier this week, has reduced the flow to 59.8 mmscmd on Wednesday, and will further cut by another 3 mmscmd on Thursday, sources aware of the development said.The company has received requests from customers for reduction in gas supplies of around 7.7 mmscmd.Besides this, another 4-5 mmscmd supply reduction requests have been lodged with the gas transporter GAIL.The sources said these customers are largely small companies whose business has been completely shut because of the lockdown, and city gas distributors who have seen volumes vanish after CNG vehicles went off-road.In the most far-reaching measure undertaken by any government to check the spread of coronavirus pandemic, Prime Minister Narendra Modi on Tuesday evening announced a three-week-long nationwide lockdown. The lockdown meant offices and factories, barring those involved in essential supplies business, are shut and people asked to stay at home.So far, 562 persons are reported to have infected with the virus and as many as 9 killed.Some states like the national capital Delhi had last week declared lockdown and now this has been extended nationwide.While factories across sectors have been shut down following the lockdowns, the ones seeking stoppage or reduction in gas intake are mostly in the Gujarat region.Out of the 7.7 mmscmd gas reduction request received by ONGC, 6 mmscmd has come from the Hazira region, the sources said, adding the remaining reduction was sought by factories in Andhra Pradesh and adjoining areas.Besides, GAIL has been piled with requests for cut in supplies for another 4-5 mmscmd along its Hazira-Vijaipur-Jagdishpur pipeline.It is the principal transporter of natural gas in India and also ships gas produced by ONGC.GAIL would accommodate 4-5 mmscmd of reduction by cutting the use of imported liquefied natural gas (LNG) and fuel sourced from fields other than of ONGC, they said.Gas is used as a fuel in a variety of industries - from glass to fertilizer plants. Large factories such as fertilizer plants continue to use gas as they have been classified in essential commodities.The demand for gas has also been hit by all vehicles, barring ones used by law enforcement agencies and that used in maintaining essential supplies, going off-road. This meant vehicles run on compressed natural gas (CNG) too have gone off-road in cities ranging from Delhi to Mumbai to Ahmedabad.Lesser CNG vehicles meant lesser need of gas and so city gas distributors too have sought a reduction in the volumes they used to take from GAIL/ONGC, the sources said.Indraprastha Gas Ltd, the company that retails CNG to automobiles and piped cooking gas to households in the national capital and adjoining cities, has already shut two-third of its CNG dispensing pumps in view of the demand constraints.The sources said more factories and businesses are likely to be impacted by the shutdown in the coming days. ANZ BAL

ONGC gas output drops by one-tenth as shut factories refuse supplies

Oil and Natural Gas Corporation (<keyword id="6354737" type="CITY" weightage="20" keywordseo="ONGC">ONGC</keyword>) got a relief of Rs 1,000 crore as the <keyword id="6360101" type="ORGANIZATION" weightage="20" keywordseo="Gujarat-High-Court">Gujarat High Court</keyword> upheld the company’s plea in a dispute with the <keyword id="6370685" type="ORGANIZATION" weightage="20" keywordseo="Gujarat-Government">Gujarat government</keyword>. The state government had asked for <keyword id="6505571" type="ORGANIZATION" weightage="20" keywordseo="Value-Added-Tax">value added tax</keyword> (<keyword id="6370857" type="ORGANIZATION" weightage="20" keywordseo="VAT">VAT</keyword>) worth Rs 1,000 crore. 
 
A division bench of Justice Akil Kureshi and Justice VM Pancholi held that the state government could recover VAT only on the basis of subsidised rates and not on the basis of original rates at which the company sold its petroleum products. The state-run company had moved the High Court following dismissal of its plea by a VAT tribunal. 
 ONGC supplies natural gas to <keyword id="157501" type="ORGANIZATION" weightage="20" keywordseo="Gas-Authority-of-India-Limited">Gas Authority of India Limited</keyword> (<keyword id="6358765" type="CITY" weightage="20" keywordseo="GAIL">GAIL</keyword>) from its Surat plant. It also supplies LPG, kerosene, diesel and naphtha to various oil marketing companies (OMCs). The Union government had ordered ONGC to provide certain products OMCS at subsidised rates, but the Gujarat government demanded VAT on the basis of original rates.

You Searched For "ONGC hazira surat plant" and got 6 results

Massive fire at ONGC’s Surat plant, no casualties reported

Navdeep Yadav

Sensex tanks nearly 600 points, Nifty dips below 11,000 led by finance and auto stocks

IANS

Top stocks to watch— TCS, Future Consumer, ONGC, Zydus Wellness, HDFC, IL&FS, Angel Broking, Sun Pharma and others

Navdeep Yadav

Top stock movers — RIL, Future Retail, Ircon International, Dr Reddy's Lab, ONGC, HDFC and more

Navdeep Yadav

ONGC gas output drops by one-tenth as shut factories refuse supplies

PTI

Gujarat High Court Order Gives ONGC Rs 1,000-crore Relief On VAT

BI India Bureau

Popular Keywords

Buying Guides