CPMA Member Companies
Latest News of CPMA Member Companies
ONGC seeks shareholder nod to help OPAL raise ₹2,680 cr
The board of Oil and Natural Gas Corporation (ONGC) has offered to help ONGC Petro Additions Ltd (OPAL) raise debt resources of ₹2,680 crore.
ONGC may buy CCDs of its unit
Oil and Natural Gas Corp. Ltd (ONGC) may buy ₹5,615 crore worth of compulsorily convertible debentures (CCDs) of ONGC Petro additions Ltd (OPaL) after failing to find an equity investor for its petrochemicals arm, said two people directly aware of the matter.
India’s Opal shuts PP unit: Update
Indian state-controlled petrochemical producer ONGC Petro Additions (Opal) shut its 340,000 t/yr polypropylene (PP) unit earlier this week because of a technical issue.
DCM Shriram Limited Board Recommends Final Dividend of Rs. 1.60
The Board of Directors of DCM Shriram Limited has recommended final dividend of 80% i.e. Re.1.60 per Equity Share of face value of Rs.2/� each for the financial year ended 31.3.2019 at. Therefore, the total dividend for the Financial Year 2018-19 aggregates to 490% i.e. Rs. 9.80/- per equity share of Rs.2/- each (including two interim dividends aggregating to 410% i.e. Rs.8.20 per Equity Share Rs.2/� each)..
Gujarat State Fertilizers & Chemicals Ltd announces maintenance of plant
The annual shutdown of Gujarat State Fertilizers & Chemicals Ltd's (GSFC) Ammonia - IV plant of Baroda Unit will start from 13th April 2019 for a period of 50 days i.e. till 1st June 2019. Due to this, Urea-II plant will also undergo shutdown due to non-availability of CO2 gas which is by product of Ammonia-IV plant. Few other connected plants like Caprolactam-I, AS-II and SA-II will also be stopped for planned maintenance.
‘Buy’ ONGC shares, OPaL’s prospects make for a positive
The company is in process of converting its INR loans to USD, as it can provide a natural hedge against its exports, resulting in savings of Rs 2 bn.