logo
ONGC clears path for well-capping ops, residents beyond 500-metre radius allowed to return home

ONGC clears path for well-capping ops, residents beyond 500-metre radius allowed to return home

Time of India4 hours ago

In a step towards capping the
crude oil well
from which gas has been leaking for 11 days in Sivasagar district, energy major
ONGC
on Sunday said heavy equipment needed for the process is being mobilised.
It said after latest assessments, residents living beyond a 500-metre radius from the incident site have now been advised that it is safe to return to their homes and resume normal activities, including cooking and the use of electricity.
The blowout took place on June 12 at a well of
Rudrasagar oil field
of
ONGC
at Barichuk of Bhatiapar. A private firm, S K Petro Services, was operating the well on behalf of the state-owned company.
"Oil and
Natural Gas
Corporation Ltd (ONGC), in collaboration with international well-control experts from Cudd Pressure Control, has achieved a significant milestone in its ongoing operations at Well RDS#147A," it said in a statement.
Approximately 10 trailer loads of rig material have been successfully removed by ONGC's Crisis Management Team (CMT) and the expert crew, clearing the majority of the rig equipment from the site and paving the way for the upcoming well-capping operation.
"The necessary heavy equipment required for the capping process is currently being mobilised to the site," it said.
The team has conducted a detailed inspection of the elevated section of the rig mast to plan the safe removal of the tubing stacked in the derrick.
A specialised extra-long boom crane is being mobilised for this critical operation, with deployment scheduled at the earliest possible time, the ONGC said.
As a continuous safety measure, water blanketing of the well is being maintained, the statement said.
The ONGC has also been actively supporting the district administration at the relief camps.
More than 330 families from surrounding villages have been evacuated, and are being supported with basic relief and safety measures at a camp set up in nearby Bangaon, it said.
The
Assam government
has already announced a financial aid of Rs 25,000 each to the families affected by the blowout.
Chief Minister
Himanta Biswa Sarma
had on Friday said ONGC authorities have informed him that the entire crude oil well from where gas was leaking will be capped.
He said assessment of damages and compensation payment will be jointly carried out by ONGC and the district administration.
An official of ONGC had earlier said it was an old crude well without production, and a perforation job was underway for zone transfer at the time of the blowout.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Influx Healthtech IPO Allotment: A Step-By-Step Guide To Check Status Online Today, Know Latest GMP
Influx Healthtech IPO Allotment: A Step-By-Step Guide To Check Status Online Today, Know Latest GMP

News18

time43 minutes ago

  • News18

Influx Healthtech IPO Allotment: A Step-By-Step Guide To Check Status Online Today, Know Latest GMP

Last Updated: According to market observers, the GMP of the Influx Healthtech IPO is 22.92%, indicating decent listing gains for investors. Influx Healthtech IPO Allotment: The initial public offering of Influx Healthtech has received a whopping 201.35 times subscription, indicating huge interest from investors. Investors are now eagerly awaiting its allotment even its latest GMP shows a strong 22.92% listing gains. The allotment of the Influx Healthtech IPO is expected to be finalised today, Monday, June 23, in the evening. Once the IPO allotment is finalised, investors will start receiving bank debit messages, most probably in the evening. They can also check their allotment status on the websites of the NSE as well as registrar Maashitla Securities Private Limited. The allotment is expected to be finalised in the evening today, Friday, June 20. The allotment status can be checked by following these steps: Step 1: Visit Maashitla Securities' portal — Step 2: Under 'Select Company', choose 'Influx Healthtech Ltd'. Importantly, if the company's name is not visible in the drop-down list, it means the allotment has not been finalised yet. According to market observers, the GMP of the Influx Healthtech IPO is 22.92%, indicating decent listing gains for investors. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Influx Healthtech IPO Listing Date The shares of Influx Healthtech Ltd will be listed on the NSE Emerge on June 25. The Influx Healthtech IPO was open for subscription between June 18 and June 20. It is a book-built issue worth Rs 58.57 crore, comprising a fresh issue of 50 lakh equity shares worth Rs 48 crore and an offer for sale of 11 lakh shares aggregating to Rs 10.56 crore. On the final day of bidding on Friday, the SME IPO received an overwhelming 201.35 times subscription, garnering bids for 81,71,71,200 shares as against 40,58,400 shares on offer. The retail and NII participation stood at 117.68 times and 481.10 times, respectively. Its qualified institutional buyer (QIB) category got a 137.87 times subscription. The price of the Influx Healthtech IPO was fixed at Rs 96 apiece. Influx Healthtech Ltd's revenue increased 5% and its profit after tax (PAT) rose 19% between the financial year ending with March 31, 2025, and March 31, 2024. Rarever Financial Advisors Pvt Ltd is the book-running lead manager of the Influx Healthtech IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Influx Healthtech IPO is R K Stock Holding Private Limited. Influx Healthtech Ltd, founded in September 2020, is a healthcare-focused CDMO with three manufacturing units in Thane, producing tablets, capsules, powders, liquid orals, and softgels.

Good news for Anil Ambani, another company settles Rs 2730000000 loan of…, with…
Good news for Anil Ambani, another company settles Rs 2730000000 loan of…, with…

India.com

timean hour ago

  • India.com

Good news for Anil Ambani, another company settles Rs 2730000000 loan of…, with…

Anil Ambani was already in the news for settling down the debt of his many companies. Now once again it has settled the debt with another company. In a recent exchange filing it stated that it has fully settled a Rs 273-crore loan, including interest, owed by its wholly owned subsidiary JR Toll Road Pvt Ltd (JRTR) to Yes Bank Ltd. It stated, '' A wholly owned subsidiary of the Company (along with the Company as Corporate Guarantor), has entered into an addendum to the Settlement Agreement today with Yes Bank Limited (YBL) for the entire outstanding debt obligation of ~INR 273 crore (including interest) owed by JRTR to YBL, and has duly paid the entire settlement amount.'' Anil Ambani Company Debt Reduction Debt reduction has become a primary focus for Anil Ambani. Reliance Infrastructure: Paid off Rs 3,300 crore of debt in FY 2025, becoming debt-free. Rosa Power Supply Company: Cleared Rs 485 crore of debt, achieving debt-free status. Reliance Power: Settled a loan of Rs 3,872 crore earlier. JR Toll Road Pvt Ltd, a special purpose vehicle established by Reliance Infrastructure, is responsible for the development, operation, and maintenance of a 52-kilometer segment of National Highway 11, connecting Jaipur and Reengus in Rajasthan. The project was executed under the Design-Build-Finance-Operate-Transfer (DBFOT) model, featuring a highway expansion from four to six lanes. Operations commenced in 2013, coinciding with the start of toll collection.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store