Oil prices have a low probability of falling below $60 per barrel, according to ONGC’s finance chief. Despite recent drops, ONGC is focusing on cost control to mitigate impacts, while high domestic gas prices may cushion the company’s profits if oil prices remain under $70 per barrel.

Naveen Jindal’s Jindal Power and Sev.en Global Investments are vying to acquire the 1,320-MW Jhajjar thermal power project from Apraava Energy as coal power demand increases. The asset is valued at approximately Rs 4,000 crore, and both companies are undergoing due diligence.