Indian Oil Corp buys its first Johan Sverdrup crude cargoes – sources
State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway’s Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters.
IOC will take delivery of two million barrels of the North Sea crude in each of May and June, one of the sources said. Further details on the trades were not yet clear.
The move follows the Indian government’s call to cut dependence on crude from the Middle East in an escalating stand-off between India, the world’s third-largest crude importer, and Saudi Arabia, the de-facto leader of the Organization of Petroleum Exporting Countries (OPEC).
Billionaire Gautam Adani s ports-to-energy conglomerate has become India s third group to cross USD 100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday. The total market cap of Adani Group s six listed companies at the close of trading on Tuesday was Rs 7.84 lakh crore or USD 106.8 billion, according to stock exchange data.
Adani Group is the third Indian conglomerate to cross the USD 100 billion market cap mark after Tata Group and Reliance Industries Ltd. After starting out as a commodities trader in the late 1980s, Gautam Adani has over two decades built an empire that now spans from mines, ports and power plants to airports, data centre, city gas and defence.
Adani Group third Indian conglomerate to cross $100 billion in m-cap
The total market cap of Adani Group s six listed companies at the close of trading on Tuesday was Rs 7.84 lakh crore or $106.8 billion, according to stock exchange data
PTI | April 6, 2021 | Updated 20:33 IST
Adani Group is the third Indian conglomerate to cross the $100 billion market cap mark after Tata Group and Reliance Industries Ltd
Billionaire Gautam Adani s ports-to-energy conglomerate has become India s third group to cross $100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday.
The total market cap of Adani Group s six listed companies at the close of trading on Tuesday was Rs 7.84 lakh crore or $106.8 billion, according to stock exchange data.Adani Group is the third Indian conglomerate to cross the $100 billion market cap mark after Tata Group and Reliance Industries Ltd.
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