GAIL India Ltd., the first Asian company to buy liquefied natural gas from the U.S., plans to take advantage of the lowest prices in 13 years to boost imports from America and revive sales growth at home.
Reliance Industries Ltd. , India’s biggest company by market value, may speed up natural gas production after the nation’s top court said the fuel should be sold at the government-approved price, an analyst said.
Petronet LNG Ltd., India’s biggest liquefied natural gas importer, plans to buy the fuel from Canada to meet surging demand as output from a block operated by billionaire Mukesh Ambani’s company falls.
Reliance Industries Ltd., India’s biggest company by market value, fell to the lowest in six weeks after a report said the government is taking action against the explorer for the decline in output from the country’s largest natural gas field.
Reliance Industries Ltd., operator of the world’s biggest refinery complex, declined to the lowest in 33 months on concern lower refining profits and falling natural gas output may drive down earnings.
Bonds of Indian Oil Corp. are headed for the first monthly drop this year on concern the state-run refiner’s debt burden will increase after policy makers said they won’t raise prices of diesel sold below cost.
Reliance Industries Ltd. may lift natural gas output at India’s biggest deposit after two years as it awaits ships that will connect deepwater wells drilled this year to pipelines, a person with knowledge of the matter said.