Page 18 - Ongc

Top stock picks by Religare Broking: Buy Muthoot Finance, Havells India

Stock recommendation by Religare Broking

Corporate tax cut can improve India Inc dividend by 40%: ICICI Securities

ONGC, BPCL, Coal India, Hero Motocorp, NMDC, Power Grid and Infosys are the top picks for the brokerage in the high-dividend space

Govt cuts gas price by over 12%, first such rate reduction since April 2017

The government cut the price of gas produced from difficult fields to $8.43 from $9.32, the PPAC notification said

From ONGC to Coal India, PSUs set to pay higher dividend with tax savings

The PSU stocks, though, could see risk due to greater disinvestment for fiscal 2020, global financial firmBank of America Merrill Lynch said

ONGC signs MoU with Assam to invest Rs 13,000 cr for exploration

Oil and Natural Gas Corporation (ONGC) on Wednesday said it will invest over Rs 13,000 crore for exploration work across Assam in the next five years. The company said it has signed an agreement with the Assam government in this regard. "ONGC has signed an MoU with the Government of Assam for investing more than Rs 13,000 during next five years in Assam for enhancing its exploration and production (E&P) activities," ONGC said in a release. This investment is being made for drilling more than 220 oil and gas wells -- a mix of development and exploration ones -- across the state, it said. "ONGC is giving impetus to its activities in alignment with the Prime Minister's call for reducing import by 10 per cent by 2022, and the North East Hydrocarbon Vision 2030," the release said. The company recently received green nod to drill six development wells in five mining lease blocks in Jorhat and Golaghat districts of Assam at an estimated cost of Rs 240 crore, it said. ONGC .

ONGC to invest Rs 13,000 crore in Assam to drill over 220 wells

The company said in a statement that it has signed an MoU with the Assam government for enhancing its exploration and production activities in the state

Street gives thumbs up to ONGC even as stake sale remains a challenge

With Brent now trading lower, ONGC's realisations are expected to decline in the September quarter

From Coal India to ONGC, shares of PSUs log biggest gain in four months

Among its constituents Coal India rose 7.3 per cent, ONGC 5.3 per cent, BPCL 4.5 per cent, and Nalco and Indian Oil by above 3 per cent each

ONGC jumps 9% after clarification on fire incident in Navi Mumbai plant

The company further said the offshore crude supply remains unaffected and the impact of fire in local vicinity is nil

ONGC yet to get complete legal ownership of GSPC's KG Basin gas block

The right to operate a well, field, or other oil source continues to be with GSPC, according to the website of the Directorate General of Hydrocarbons

Four killed in major fire at ONGC's gas-processing facility in Mumbai

Blaze doused; CNG and PNG supply to the city disrupted, but now restored

After disruption, ONGC tries to ensure gas supply to households on priority

The Uran plant processes nearly half of the crude oil that ONGC sells to refineries and 12% of its natural gas sales

4 killed in fire at ONGC plant in Navi Mumbai; rescue operation underway

The blaze erupted around 7 am in the gas processing plant of the ONGC located in Uran area of neighbouring Navi Mumbai

ONGC overseas arm seeks 2-year extension to explore Vietnamese oil block

Officials said OVL has applied for a sixth extension to explore Block-128, the licence for which was valid till June 15, 2019

Govt may sell entire stake in BPCL worth Rs 40,000 cr, IOCL likely suitor

If it goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks, in three years

HPCL-MRPL merger next year; not right time for OVL listing, says ONGC chief

The largest hydrocarbon producer in India has lined up capital expenditure of Rs 32,921 crore during the financial year 2019-20, compared to Rs 29,449 crore during the previous fiscal

ONGC plans to borrow $2 billion through overseas debt programme

The funds so raised can be used to repay about Rs 15,000 crore of the company's existing borrowings, fund acquisitions or meet project/asset expenses

HPCL to invest Rs 74,000 crore in next five years to expand capacity

The Navaratna company plans to invest around Rs 14,900 crore in the current fiscal, chairman Mukesh Kumar Surana told shareholders

ONGC adopts Energy Strategy 2040; targets doubling of oil, gas production

State-owned Oil and Natural Gas Corp (ONGC) has set a target to double oil and gas output from its domestic and overseas fields and expand its refining capacity three-fold alongside diversification into renewables in a new vision document for 2040, its Chairman Shashi Shanker said. ONGC Energy Strategy 2040 envisions the company as "A diversified energy company with a strong contribution from non E&P business; 3x revenues and about 5-6x market capitalisation," he said. The firm produced 24.23 million tonnes of crude oil in the 2018-19 fiscal year and 25.81 billion cubic metres (bcm) of natural gas from its domestic fields. Another 10.1 million tonnes of oil and 4.736 bcm of gas were produced from its overseas assets. It had a turnover of Rs 109,654 crore and a net profit of Rs 26,715 crore in the year ended March 31, 2019. As on August 16, it had a market capitalisation of Rs 164,458 crore. In the company's latest annual report, Shanker said the ONGC board recently approved the ...

ONGC lines up Rs 83,000 crore investment for 25 new oil, gas projects

Cumulative oil and gas gain from around 15 of these projects is expected to be over 180 Million Metric tons of Oil equivalents (MTOE) in their life cycle