So, there has been an announcement that OIL and ONGC will not have to pay subsidy for the current fiscal for LPG. The Govt will take care of it.
After diesel was deregulated in October 2014, the subsidy sharing was limited to LPG and kerosene.
They will be paying for the kerosene though.
So what do they do with this cash?
Pay dividends? No...the Govt expects them to invest aggressively in exploration...good thought.
A positive news for these companies.
Will it go into your buy radar?
After diesel was deregulated in October 2014, the subsidy sharing was limited to LPG and kerosene.
They will be paying for the kerosene though.
So what do they do with this cash?
Pay dividends? No...the Govt expects them to invest aggressively in exploration...good thought.
A positive news for these companies.
Will it go into your buy radar?
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