BML 5.77 Decreased By ▼ -0.04 (-0.69%)
BOP 14.34 Increased By ▲ 0.08 (0.56%)
CNERGY 7.28 Increased By ▲ 0.30 (4.3%)
CPHL 90.37 Increased By ▲ 1.80 (2.03%)
DCL 13.66 Increased By ▲ 0.77 (5.97%)
DGKC 207.47 Increased By ▲ 18.86 (10%)
FCCL 54.55 Increased By ▲ 3.48 (6.81%)
FFL 16.71 Decreased By ▼ -0.08 (-0.48%)
GCIL 28.10 Increased By ▲ 0.32 (1.15%)
HUBC 164.00 Increased By ▲ 1.15 (0.71%)
KEL 5.28 Increased By ▲ 0.11 (2.13%)
KOSM 6.82 Increased By ▲ 0.07 (1.04%)
LOTCHEM 21.70 Increased By ▲ 0.10 (0.46%)
MLCF 103.70 Increased By ▲ 7.84 (8.18%)
NBP 149.83 Increased By ▲ 0.80 (0.54%)
PAEL 46.75 Decreased By ▼ -0.08 (-0.17%)
PIAHCLA 19.60 Decreased By ▼ -0.20 (-1.01%)
PIBTL 12.98 Increased By ▲ 0.82 (6.74%)
POWER 17.10 Increased By ▲ 1.20 (7.55%)
PPL 178.85 Increased By ▲ 1.31 (0.74%)
PREMA 40.50 Decreased By ▼ -0.41 (-1%)
PRL 30.63 Increased By ▲ 0.24 (0.79%)
PTC 22.76 Decreased By ▼ -0.33 (-1.43%)
SNGP 115.95 Increased By ▲ 0.80 (0.69%)
SSGC 40.11 Decreased By ▼ -0.04 (-0.1%)
TELE 8.19 Increased By ▲ 0.06 (0.74%)
TPLP 10.28 Decreased By ▼ -0.07 (-0.68%)
TREET 23.90 Increased By ▲ 0.10 (0.42%)
TRG 56.82 Decreased By ▼ -0.40 (-0.7%)
WTL 1.48 Increased By ▲ 0.04 (2.78%)
BML 5.77 Decreased By ▼ -0.04 (-0.69%)
BOP 14.34 Increased By ▲ 0.08 (0.56%)
CNERGY 7.28 Increased By ▲ 0.30 (4.3%)
CPHL 90.37 Increased By ▲ 1.80 (2.03%)
DCL 13.66 Increased By ▲ 0.77 (5.97%)
DGKC 207.47 Increased By ▲ 18.86 (10%)
FCCL 54.55 Increased By ▲ 3.48 (6.81%)
FFL 16.71 Decreased By ▼ -0.08 (-0.48%)
GCIL 28.10 Increased By ▲ 0.32 (1.15%)
HUBC 164.00 Increased By ▲ 1.15 (0.71%)
KEL 5.28 Increased By ▲ 0.11 (2.13%)
KOSM 6.82 Increased By ▲ 0.07 (1.04%)
LOTCHEM 21.70 Increased By ▲ 0.10 (0.46%)
MLCF 103.70 Increased By ▲ 7.84 (8.18%)
NBP 149.83 Increased By ▲ 0.80 (0.54%)
PAEL 46.75 Decreased By ▼ -0.08 (-0.17%)
PIAHCLA 19.60 Decreased By ▼ -0.20 (-1.01%)
PIBTL 12.98 Increased By ▲ 0.82 (6.74%)
POWER 17.10 Increased By ▲ 1.20 (7.55%)
PPL 178.85 Increased By ▲ 1.31 (0.74%)
PREMA 40.50 Decreased By ▼ -0.41 (-1%)
PRL 30.63 Increased By ▲ 0.24 (0.79%)
PTC 22.76 Decreased By ▼ -0.33 (-1.43%)
SNGP 115.95 Increased By ▲ 0.80 (0.69%)
SSGC 40.11 Decreased By ▼ -0.04 (-0.1%)
TELE 8.19 Increased By ▲ 0.06 (0.74%)
TPLP 10.28 Decreased By ▼ -0.07 (-0.68%)
TREET 23.90 Increased By ▲ 0.10 (0.42%)
TRG 56.82 Decreased By ▼ -0.40 (-0.7%)
WTL 1.48 Increased By ▲ 0.04 (2.78%)
BR100 15,085 Increased By 112.5 (0.75%)
BR30 44,012 Increased By 987.7 (2.3%)
KSE100 148,618 Increased By 1274.3 (0.86%)
KSE30 45,248 Increased By 370.7 (0.83%)

A cyclone intensified over the Bay of Bengal on Wednesday, forcing a southern Indian oilfield to shut and cut its gas output, and the evacuation of some 50,000 people in the region, officials said. Officials also voiced concerns the cyclone, with wind gusts of up to 155 kph (100 mph), could slow the progress of the monsoon rains, vital for India's trillion-dollar economy.
Tropical Cyclone Laila was set to hammer the coast of the southern state Andhra Pradesh on Thursday, prompting Reliance Industries to stop oil production and reduce gas output from the region by 10 percent, company sources said. "We are monitoring the situation and if we find that the cyclone will directly hit our facilities, then our FPSO (Floating Production Storage and Offloading facility) may have to be taken to a safer location," said a company source, who declined to be named as he is not authorised to speak to the media.
The cyclone is forecast to move towards Orissa after striking Andhra Pradesh, but it is likely to weaken by the time it reaches the Paradip port, a hub for iron ore exports. G.K. Biswal, deputy conservator of Paradip port, said port authorities were on alert although they did not expect any disruption.

Copyright Reuters, 2010

Comments

Comments are closed.