The oil and gas sector is among the eight core industries in India and plays a major role in influencing the decision-making for all the other important sections of the economy. The industry is expected to attract $25 billion investment in exploration and production by 2022. India is already a refining hub with 23 refineries, and expansion is planned for tapping foreign investment in export-oriented infrastructure, including product pipelines and export terminals.
IRCTC shares surge 3% after Q4 profit jumps 26% YoY to Rs 358 crore
IRCTC’s shares experienced a 3% surge following the announcement of a 26% YoY increase in consolidated net profit for Q4FY25, reaching Rs 358 crore. Revenue