Search For "omc"
Oil Marketing Companies to ration LPG supplies amid West Asia conflict; Do
Updated : 3 days ago IST
Due to the current West Asia geopolitical situation and blockade on LPG imports, available supplies are being carefully rationed to ensure wider coverage, with domestic households being the top priority. The three major state-run oil marketing companies (OMCs) have initiated a judicial distr
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UBS flags margin risks for Indian OMCs as crude volatility intensifies ami
Updated : 5 days, 8 hours ago IST
A research note from UBS has flagged rising risks for India's state-owned oil marketing companies as crude oil market volatility intensifies due to geopolitical tensions in West Asia.
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India's LPG prices still lower than neighbours despite price hike
Updated : 6 days, 22 hours ago IST
Despite the Rs 60 increase in the Domestic 14.2 kg Liquefied Petroleum Gas (LPG) cylinder, LPG prices in India remain lower than in several neighbouring countries, people familiar with the matter told ANI. On Saturday, 14.2 kg cylinder prices were increased by Rs 60, costing about Rs 913 in
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Oil PSUs LPG losses stands at Rs 53,700 cr, likely to get Govt subsidy of
Updated : 3 months, 3 weeks ago IST
Oil Marketing Companies (OMCs) continue to face heavy financial pressure from LPG under-recoveries, even as the government prepares to release subsidies over the coming months, highlighted a report by Nuvama Research.
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Despite US sanctions on Russian crude, margins of Indian oil companies to
Updated : 3 months, 3 weeks ago IST
The margins of India's oil marketing companies (OMCs) are unlikely to come under significant pressure despite the United States imposing sanctions on two of Russia's largest crude oil producers, Rosneft and Lukoil, according to a report by Fitch Ratings.
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India poised to lead global decentralized energy race: OMC Power CEO Rohit
Updated : 4 months, 2 weeks ago IST
India's distributed and decentralized energy sector is entering a transformative phase driven by innovation in storage, grid stability, and renewable integration, said Rohit Chandra, Co-Founder and CEO of OMC Power, in an exclusive interaction with ANI.
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OMC Power targeting 1 GWp RE capacity, attracts investment from Honda
Updated : 4 months, 2 weeks ago IST
In a notable development for India's clean energy and storage landscape, Honda Motor Co. Ltd. has made a strategic equity investment in OMC Power, a distributed renewable energy (DRE) company driving energy transition at grass roots. This partnership brings together Honda's global technol
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LPG losses of oil companies narrows 35% QoQ in Q1FY26: Report
Updated : 6 months, 2 weeks ago IST
The LPG under-recovery for Oil Marketing Companies (OMCs) witnessed a sharp decline in the first quarter of FY26, narrowing by nearly 35 per cent quarter-on-quarter, according to a report by Care Edge Ratings.
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Hardeep Singh Puri hails Centre's Rs 30000 crore compensation to oil compa
Updated : 7 months, 1 week ago IST
Despite a 63% hike in Saudi CP, the Modi government has kept LPG prices stable, insulating mothers and sisters from the price rise. Oil Marketing Companies (OMCs) have suffered heavy losses to make LPG available to kitchens at nearly half the cost at which it is sold in neighbouring count
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Minister Hardeep Puri reviews LPG portability policy in meeting with energ
Updated : 8 months, 4 weeks ago IST
Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas, on Tuesday held a meeting with the officials of the Ministry and Chief Managing Directors (CMDs) of India's energy sector Public Sector Units (PSUs) to discuss policy of portability from one OMC to another for the consumers.
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Any escalation in Middle-East crisis or sharp rise in crude prices will im
Updated : 9 months ago IST
Any further escalation in the Middle-East crisis or a sharp rise crude prices could pose a serious risk to earnings, especially for Indian Oil Marketing Companies (OMCs) and gas companies.
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TruAlt Bioenergy Secures Oil Marketing Company (OMC) Status, Set to Launch
Updated : 9 months ago IST
Bengaluru (Karnataka) [India], June 12: In a landmark development for India's energy transition, TruAlt Bioenergy Limited, India's largest ethanol producer and one of the country's leading integrated biofuels companies, has been officially granted authorisation as an Oil Marketing Company (O
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