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ONGC hits 52-week high, Oil India jumps as crude oil soars amid Red Sea crisis

ONGC hits 52-week high, Oil India jumps as crude oil soars amid Red Sea crisis

Mon, Jan 29, 2024

Domestic brokerage Motilal Oswal Financial Services upgraded state-run OMC HPCL to ‘buy’ with a target of Rs 530, after the company reported its December quarter results.

There will be re-rating of the stock of this oil company due to the announcements in the budget, do SIP. Cheap stock in your budget

There will be re-rating of the stock of this oil company due to the announcements in the budget, do SIP. Cheap stock in your budget

Mon, Jan 29, 2024

'Cheap shares in your budget'... Get cheap budget shares with strong fundamentals... This stock will get a boost from budget announcements, why will the focus be on ONGaC in Budget 2024?

Hardeep Puri inaugurates ONGC Digital Corporate Visualisation Centre

Hardeep Puri inaugurates ONGC Digital Corporate Visualisation Centre

Thu, Jan 25, 2024

The inauguration was attended by Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas; Rajesh Kumar Singh, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT); and Arun Kumar Singh, Chairman and CEO, ONGC.

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ONGC buys 15% stake in Namibia offshore block from Tullow

ONGC buys 15% stake in Namibia offshore block from Tullow

Tue, Nov 21, 2017

ONGC Videsh Ltd (OVL), the overseas investment arm of the country`s top explorer Oil and Natural Gas Corp , said on Tuesday it had acquired a 15 percent stake in Namibia`s offshore Block 2012A from Tullow Oil .

6 of top-10 most valued companies lose Rs 60,422 crore in market cap

6 of top-10 most valued companies lose Rs 60,422 crore in market cap

Sun, Nov 12, 2017

While Reliance Industries Ltd (RIL), HDFC Ltd, ITC, HDFC Bank, Maruti Suzuki India and ONGC suffered losses in their market capitalisation (m-cap) for the week ended Friday, TCS, HUL, Infosys and State Bank of India (SBI) saw a jump in their valuation.

ONGC plans to raise oil output by 4 million tonnes by 2020

ONGC plans to raise oil output by 4 million tonnes by 2020

Sun, Oct 22, 2017

ONGC has drawn a blueprint to raise crude oil production by 4 million tonne (MT) and almost double natural gas output by 2020 to meet Prime Minister Narendra Modi's target of cutting India's import dependence by 10 per cent, Chairman Shashi Shanker has said.

Govt invites private players to buy out 51% in helicopter service firm Pawan Hans

Govt invites private players to buy out 51% in helicopter service firm Pawan Hans

Fri, Oct 13, 2017

The government plans to raise Rs 15,000 crore via strategic sale in the current fiscal out of its total disinvestment target of Rs 72,509 crore.

Natural gas price increases by 17% to $2.89; first rise in 3 years

Natural gas price increases by 17% to $2.89; first rise in 3 years

Fri, Sep 29, 2017

Between November 2014 - September 2017, the domestic natural gas prices have declined by nearly 51%. The ministry will release the new price of this indicator for October 2017 - March 2018 period.

Govt plans to sell stake in ONGC oilfields to private firms

Govt plans to sell stake in ONGC oilfields to private firms

Wed, Sep 27, 2017

Sources said initially ONGC got service companies involved in raising output by offering them incentive if production was raised by pre-set milestones over and above the current levels.

Sensex climbs over 110 points after Asian uptrend

Sensex climbs over 110 points after Asian uptrend

Thu, Aug 24, 2017

dian stocks today shrugged off weakness in US markets as the Sensex surged over 110 points, with domestic investors doing the job amid positive Asian cues.

GAIL, GSPL fight over who will transport ONGC gas

GAIL, GSPL fight over who will transport ONGC gas

Sun, Aug 06, 2017

GAIL says its pipeline would cost Rs 85.36 crore while GSPL India Transco Ltd's pipeline would cost Rs 250 crore.

ONGC-HPCL deal: Is the deal fair for HPCL shareholders?

ONGC-HPCL deal: Is the deal fair for HPCL shareholders?

Thu, Jul 20, 2017

Union Cabinet gave in-principle nod for sale of government's stake in HPCL to ONGC. Post ONGC buying government stake, HPCL will become subsidiary of India's largest oil producer but its board will continue to be in place.

Cabinet gives in-principle nod to 51% HPCL stake sale to ONGC

Cabinet gives in-principle nod to 51% HPCL stake sale to ONGC

Wed, Jul 19, 2017

Post ONGC buying government stake, HPCL will become subsidiary of India's largest oil producer but its board will continue to be in place.

HPCL to invest Rs 61,000 crore by 2021 on expansion projects

HPCL to invest Rs 61,000 crore by 2021 on expansion projects

Sun, Jul 16, 2017

HPCL is upgrading both its Mumbai and Visakh refineries to produce fuel meeting Euro-VI emission norms.

Mukesh Ambani-led Reliance Industries, BP withdraw gas price challenge against Govt

Mukesh Ambani-led Reliance Industries, BP withdraw gas price challenge against Govt

Fri, Jun 23, 2017

Mukesh Ambani-led Reliance Industries and its partner BP have withdrawn a legal challenge against the government over delay in gas price revision, which will now entitle the two companies to marketing and pricing freedom on the natural gas they produce from newer fields in the deepsea at an investment of Rs 40,000 crore by 2022.

Natural gas production no longer profitable business, says ONGC chairman & MD Dinesh K Sarraf

Natural gas production no longer profitable business, says ONGC chairman & MD Dinesh K Sarraf

Sat, May 27, 2017

ONGC's head Dinesh K Sarraf has said that producing natural gas is no longer a profitable business for the company as the government-mandated gas price is significantly below the cost of production.

Exclusive talk with D K Sarraf, Chairman, MD, ONGC

Exclusive talk with D K Sarraf, Chairman, MD, ONGC

Sat, May 27, 2017

Exclusive talk with D K Sarraf, Chairman, MD, ONGC. Watch this special segment and get to know more here.

SBI is most-valued PSU firm again, beats ONGC

SBI is most-valued PSU firm again, beats ONGC

Thu, Apr 20, 2017

Shares of SBI today rose by 0.25 per cent to close at Rs 284.90, while ONGC ended at Rs 179.45, down 0.22 per cent on BSE.

RIL instructed to give 30 crore to ONGC

RIL instructed to give 30 crore to ONGC

Wed, Apr 05, 2017

RIL instructed to give 30 crore to ONGC

Sensex, Nifty down 0.17%; Reliance shares gain 2%

Sensex, Nifty down 0.17%; Reliance shares gain 2%

Wed, Apr 05, 2017

Gaurav Dua, Head – Research of ShareKhan Limited said, “ The forthcoming RBI policy review and the result season would provide direction to markets going ahead.”

ONGC submits revised plan for Farzad gas field in Iran

ONGC submits revised plan for Farzad gas field in Iran

Tue, Apr 04, 2017

India is the second-largest buyer of Iranian crude, and was among the few countries to continue trade with Iran while the country faced Western sanctions over its nuclear programme.

Sensex crosses 29,000-mark, Tata Motors rise3%

Sensex crosses 29,000-mark, Tata Motors rise3%

Thu, Mar 02, 2017

Analysts at HDFC Securities said, "The markets are likely to open positive today, driven by positive domestic and global cues, following US President Donald Trump's Joint Congress address. Realty and Metal is expected to trade in positive zone, while Auto and Energy sectors are likely to trade in the negative zone."

ONGC may acquire HPCL in Rs 44,000 crore deal

ONGC may acquire HPCL in Rs 44,000 crore deal

Mon, Feb 27, 2017

India's biggest oil and gas producer ONGC may buy all of the government's 51.11% stake in Hindustan Petroleum Corporation Ltd (HPCL).

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