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ONGC makes four oil discoveries in Ashokenagar, awaits mining lease from West Bengal govt

ONGC makes four oil discoveries in Ashokenagar, awaits mining lease from West Bengal govt

Thu, Nov 28, 2024

The discovery, he said was the outcome of continuous exploration efforts of ONGC in the Bengal sedimentary basin over five decades.

Corporate Infotech bags 7-year contract from ONGC for IT infra services

Corporate Infotech bags 7-year contract from ONGC for IT infra services

Tue, Nov 19, 2024

This project is aimed at augmenting ONGC's IT hardware infrastructure across its Corporate Infocom Data Centre (CIDC) in Delhi as well as the disaster recovery site in Vadodara, Gujarat, the Noida-based company said.

ONGC Dividend: Shares of largecap PSU trade ex-date today - Check record

ONGC Dividend: Shares of largecap PSU trade ex-date today - Check record

Tue, Nov 19, 2024

ONGC Dividend: Shares of Oil and Natural Gas Corporation Limited (ONGC) are trading ex-date today for an interim dividend. Here's every detail you need to know about this stock.

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ONGC Petro stake buy: Aramco leads; Kuwait Petroleum too in race

ONGC Petro stake buy: Aramco leads; Kuwait Petroleum too in race

Thu, Sep 20, 2018

The race for a strategic stake in ONGC Petro Additions Ltd (OpaL) is leading by Aramco, Saudi Arabia’s state-owned oil company.

ONGC Q1FY19 profit soars massively to Rs 6,144 cr, but misses estimates

ONGC Q1FY19 profit soars massively to Rs 6,144 cr, but misses estimates

Thu, Aug 02, 2018

ONGC Q1FY19 profit was below analysts estimate, as a Bloomberg poll of experts predicted net profit to come in at Rs 6,700 crore.

ONGC prefers to sell its entire 49 pct stake in Pawan Hans: Jayant Sinha

ONGC prefers to sell its entire 49 pct stake in Pawan Hans: Jayant Sinha

Wed, Aug 01, 2018

According to the minister, the shortlisting process of the interested bidders is underway. Citing a guidance note on strategic disinvestment issued by the Department of Investment and Public Asset Management (DIPAM), Sinha said that the transaction advisor should strictly maintain the confidentiality of the potential bidders.

Reliance Industries, Infosys among key stocks trending on Dalal Street today

Reliance Industries, Infosys among key stocks trending on Dalal Street today

Thu, Jul 26, 2018

On Wednesday, the Dow Jones Industrial Average rose 0.68 per cent to 25,414.1, the S&P 500 gained 0.91 per cent to 2,846.07 and the Nasdaq Composite added 1.17 per cent to 7,932.24. But S&P 500 E-mini futures turned lower Thursday morning in Asia, falling 0.2 per cent to 2836.25.

After ONGC-HPCL deal, another mega PSU merger on the cards worth Rs 18,200 crore

After ONGC-HPCL deal, another mega PSU merger on the cards worth Rs 18,200 crore

Wed, Jul 25, 2018

Investors have shown mixed emotions over this deal as they boosted NHPC share price but sold NTPC shares heavily.

BSNL sold 4000 satellite phones; targeting 10000 units by March 2019

BSNL sold 4000 satellite phones; targeting 10000 units by March 2019

Mon, Jul 23, 2018

"The satellite phone business is doing well, and we have sold 4,000 satellite phone handsets to defense, army, Border Security Force (BSF), disaster management agencies, ONGC (Oil and Natural Gas Corporation), Railways and some in the private sector," Shrivastava told PTI.

This stock was the star performer of the day even as Sensex tanked 146 points

This stock was the star performer of the day even as Sensex tanked 146 points

Wed, Jul 18, 2018

The Sensex and Nifty pared all their early gains to settle lower on Wednesday. However, there was one stock that held its ground all through the day, rising as much as 5.5 per cent and settling nearly 3 per cent higher. Needless to say, the stock was the top gainer on both Sensex and Nifty.

Govt defers oil, gas field auction by a month

Govt defers oil, gas field auction by a month

Sun, Jun 24, 2018

The government has deferred the bidding for 60 oil and gas fields being offered in the second round of bidding for Discovered Small Field (DSF) by a month

How demands from Centre slashed ONGC funds from whopping $4.3 bn to just $148 mn

How demands from Centre slashed ONGC funds from whopping $4.3 bn to just $148 mn

Mon, Jun 11, 2018

ONGC’s largest shareholder, Prime Minister Narendra Modi’s government, has been tapping state-run companies including India’s biggest energy explorer to bridge its fiscal deficit. That’s left the company with depleting cash at a time when it has been ordered to boost investment to help cut the nation’s crude imports. ONGC paid 426 billion rupees last fiscal year as dividend to the government and to buy its stake in the refiner.

This stock tanked 20% on alleged Rs 80 crore scam linked to ONGC

This stock tanked 20% on alleged Rs 80 crore scam linked to ONGC

Mon, Jun 04, 2018

CBI has registered a case against 13 officials of Oil and Natural Gas Corp and Deep after ONGC’s vigilance department filed a complaint regarding a contract with Deep Industries.

Petrol, diesel price dilemma: From saviour to sacrificial lamb, will ONGC bear subsidy burden?

Petrol, diesel price dilemma: From saviour to sacrificial lamb, will ONGC bear subsidy burden?

Mon, Jun 04, 2018

From May 14 prices started to increase and reached new heights till date, and now both petrol and diesel prices have soared from Rs 3 per litre to Rs 4 per litre.

Petrol, diesel price at record high; Will ONGC provide relief to fuel prices?

Petrol, diesel price at record high; Will ONGC provide relief to fuel prices?

Sat, Jun 02, 2018

Companies like Reliance Industries, Cairn India Ltd, Oil India, Oil and Natural Gas Corporation (ONGC) among others in this sector are responsible for producing oil in its crude form.

Top 5 stocks in news on June 1: PNB, Idea Cellular, Bayer Crop Science, ONGC and Fortis Healthcare

Top 5 stocks in news on June 1: PNB, Idea Cellular, Bayer Crop Science, ONGC and Fortis Healthcare

Fri, Jun 01, 2018

Punjab National Bank (PNB): The lender has revised upwards the marginal cost of funds based lending rate (MCLR) for select tenors by 0.05-0.10 per cent, a move that will lead to costlier loans. It has also increased its base rate by 1 per cent and with this, the base rate went up to 9.25 per cent

ONGC share price gains 2% post Q4 results

ONGC share price gains 2% post Q4 results

Thu, May 31, 2018

State-owned ONGC's net profit in three-months to March 31, 2018, jumped 37 per cent on back of higher oil prices.

Petrol, diesel prices soar to records; here is why Centre's windfall tax solution may not work

Petrol, diesel prices soar to records; here is why Centre's windfall tax solution may not work

Fri, May 25, 2018

The government plans to levy a windfall tax on oil producers like Oil and Natural Gas Corp (ONGC) as part of a permanent solution, it is working on for moderating the spiralling retail prices of petrol and diesel.

Petrol, diesel price hikes to hit ONGC as Centre to slap tax, share price plunges 11%

Petrol, diesel price hikes to hit ONGC as Centre to slap tax, share price plunges 11%

Thu, May 24, 2018

The Centre levies Rs 19.48 as excise duty on a litre of petrol and Rs 15.33 on diesel. State sales tax or VAT varies from state to state. Unlike excise duty, VAT is ad valorem and results in higher revenues for the state when rates move up.

IOC, BPCL and HPCL tank up to 8% despite surge in petrol, diesel prices

IOC, BPCL and HPCL tank up to 8% despite surge in petrol, diesel prices

Wed, May 23, 2018

Oil explorers such as ONGC and OIL India also dipped up to 3 per cent after Moody’s Investors Service said they face increasing risk that govt will require them to share fuel-subsidy burden as oil prices rise.

ONGC, OIL face risk of subsidy sharing: Moody's

ONGC, OIL face risk of subsidy sharing: Moody's

Tue, May 22, 2018

As oil prices rise, Moody's Investors Service said state-owned oil producers ONGC and Oil India Ltd face increasing risk of the government once again requiring them to share the fuel subsidy burden.

Five of 10 most valued cos lose Rs 57,333 cr in market valuation

Five of 10 most valued cos lose Rs 57,333 cr in market valuation

Sun, May 20, 2018

The combined market valuation of five of the 10 most valued Indian companies dropped by Rs 57,333.55 crore last week, with Reliance Industries Ltd (RIL) taking the steepest hit

ONGC clocks 6.3% rise in gas production

ONGC clocks 6.3% rise in gas production

Mon, May 07, 2018

ONGC has stepped up on bringing newer fields into production after Prime Minister Narendra Modi set a stiff target of reducing oil import dependence by 10 per cent by 2022. India currently imports over 80 per cent of its oil needs.

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