ONGC invest over $2 billion

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⭐ ONGC invest over $2 billion 

Oil and gas producer ONGC plans to invest $2 billion to drill wells in the Arabian Sea over the next three years.As per management, ONGC has three main assets off the west coast and has released 103 locations for drilling wells that could potentially add 100 million tonnes to production. 

⭐RVNL bags new order 

Government PSU Rail Vikas Nigam Limited has received ₹197 crore order from the power department of Madhya Pradesh. The project involves setting up of power lines and substations to be completed in 24 months. 

⭐ Sanofi India announces dividend 

Pharmaceutical firm Sanofi India has reported a 45% YoY rise in its net profit to ₹130 crore, which came on the back of exceptional items worth ₹13.9 crore related to sales of its distribution business. Meanwhile, its revenue from operations declined by 2.3% YoY to ₹671 crore for the fourth quarter ended 31 December 2022. The company also announced a dividend of ₹377 per share, including a special dividend of ₹183 per share.

Global markets (at 9:15 AM today)

Fact of the day

Amazon India has introduced a male voice option for Alexa virtual assistant technology.

Source: Business Standard