India’s Integrated Energy Company, Oil and Natural Gas Corporation celebrated its 63rd anniversary on Tuesday across all regions and work centres in the country.
Govt is considering listing ONGC on an overseas exchange. ONGC could be listed in Singapore or on the London Stock Exchange.
Virtually rejecting ONGC’s demand, Hindustan Petroleum Corp Ltd (HPCL) has said it is acting as per its understanding of the statute in not recognising the new majority shareholder as its promoter.
The board of ONGC has, for the second time in just over a month, approved selling its entire 49 per cent stake in helicopter service provider Pawan Hans alongside government’s privatisation bid, officials with direct knowledge of the development said.
Oil and Natural Gas Corp’s (ONGC) highest ever pre-tax quarterly profit (EBITDA) provides cash flow to the state-owned firm to reduce borrowings, Moody’s Investors Service said today.
State-owned Oil and Natural Gas Corp (ONGC) has asked refiner Hindustan Petroleum Corp Ltd (HPCL) to rectify its stock exchange filings to reflect the true promoter after government exit, people with direct knowledge of the development said.
Indian state-owned upstream company Oil & Natural Gas Corp. said that its crude production during the April-June quarter registered a 3.5% year on year fall to 6.2 million mt (499,407 b/d). Natural gas output, on the other hand, rose 3.2% on the year to 6.2 Bcm.
India will appeal against a ruling by an international tribunal in favour of Reliance IndustriesNSE 0.19 % Ltd and its international partners in a dispute over gas migration from fields operated by state-owned Oil and Natural Gas Corp Ltd.
India’s state-owned petroleum explorer Oil and Natural Gas Corporation (ONGC) today reported a 58 per cent jump in net profit for the quarter ended June at Rs 6,144 crore on the back of higher volumes and improved crude price realisation.
State-owned ONGC prefers to sell its entire 49 per cent stake in Pawan Hans and exit the helicopter services provider simultaneously along with the government, the Rajya Sabha was informed today.