ONGC Offers Stake in Deen Dayal Gas Field

26 Jun 2024 CW Team

ONGC, a major player in India's oil and gas sector, has decided to divest a portion of its stake in the Deen Dayal gas field, marking a strategic shift in its operations. This move is part of ONGC's broader strategy to optimize its portfolio and attract new investments.

The Deen Dayal gas field, located in the KG-D6 block in the Krishna Godavari basin, has been a key asset for ONGC, contributing significantly to the country's gas production. With this stake offering, ONGC aims to enhance operational efficiency and unlock additional value from its assets.

The decision to offer a stake in the Deen Dayal gas field comes at a time when the energy landscape is evolving rapidly, with a growing emphasis on cleaner fuels and sustainable practices. ONGC's move aligns with the industry's shift towards diversification and investment in renewable energy sources.

This development is expected to attract interest from domestic and international investors keen on participating in India's energy sector. It also reflects ONGC's commitment to leveraging opportunities for collaboration and growth in a dynamic market environment.

Key stakeholders, including government authorities and industry experts, are closely monitoring ONGC's stake offering in the Deen Dayal gas field, anticipating its impact on the energy sector's future trajectory. The outcome of this strategic move is poised to influence investment trends and operational strategies across the oil and gas industry.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..