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Read more about Praj Ind jumps on bagging HPCL order on Business Standard. Praj Industries gained 1.15% to Rs 184.80 after the company said it secured a breakthrough order from HPCL to set up compressed biogas plant in Uttar Pradesh.
Lubricants Market Revenue Worth $115,350.6 Million by 2030, Globally: P&S Intelligence
NEW YORK, March 9, 2021 /PRNewswire/ From 66 million in 2005, worldwide vehicle sales jumped to 91 million in 2019, as per Organisation Internationale des Constructeurs d Automobiles (OICA). Due to the expanding automotive industry, the global lubricants market is predicted to grow from $95,403.9 million in 2019 to $115,350.6 million by 2030, witnessing a 2.3% CAGR between 2020 and 2030, according to the market research report published by P&S Intelligence.
The automotive sector is one of the biggest end users in the lubricants market, as such fluids find widespread application in automobiles. The crankcases of engines are widely lubed in order to reduce friction between components that are in contact. This not only reduces wear and tear, but also keeps the vehicle running smoothly and with the optimum mileage. With people s rising disposable income and strict norms regarding vehicular emission
Read more about Hindustan Petroleum Corporation Ltd stays slippery on Business Standard. Hindustan Petroleum Corporation Ltd is quoting at Rs 235.45, down 3.17% on the day as on 13:19 IST on the NSE. The stock jumped 11.56% in last one year as compared to a 42.9% rally in NIFTY and a 54.07% spurt in the Nifty Energy index.
Bharat Petroleum plunge 5% amid reports of the company selling 4% of treasury shares
IANSMar 9, 2021, 16:16 IST
Pixabay
Bharat Petroleum Corporation Ltd (
BPCL) falling over 5 per cent.
At 2.16 p.m., BPCL shares on the BSE were trading at ₹441.05, lower by ₹25.95 or 5.56 per cent from its previous close. Its shares fell amid reports of the company selling 4 per cent of treasury shares worth ₹3,774 crore in a bulk deal.
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Indian Oil Corporation Ltd (
IOCL) trading 3.67 per cent lower at ₹99.75 per share. Hindustan Petroleum Corporation s (
HPCL) shares were trading at ₹234.60, lower by 3.62 per cent from its previous close.
Further, revenues of OMCs are likely to remain under pressure for some time now as official sources indicated that with fuel price rise becoming an election issue, the Centre would not like to further escalate the matter with more increases in the auto fuel prices required in the wake of firming of prices in the global oil