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Oil and Natural Gas Corporation
BSE Announcements on ONGC
Posted by :
MMB MessengerTracked by: 0 Boarder
Oil & Natural Gas Corporation Ltd (ONGC) has informed BSE that Shri. S P Garg, ceased to be Company Secretary w.e.f. September 08, 2008, consequent upon his elevation. Shri. N K Sinha has joined as Company Secretary of ONGC w.e.f. October 01, 2008....
NSE Announcements on ONGC
Posted by : MMB MessengerTracked by: 0 Boarder
Oil & Natural Gas Corpn Ltd has informed the Exchange that: "Shri S.P.Garg, ceased to be Company Secretary w.e.f. 8th September, 2008, consequent upon his elevation. Shri N. K. Sinha has joined as Company Secretary of ONGC w.e.f. 1st October, 2008"....
Ongc may not fall below 1000....
Posted by : vkk43Tracked by: 0 Boarder
One boarder was talking of its coming down to 700/-. Do u think it could be possible during next 6-12 months even if market falls substantially....
In reply to:
Ongc may not fall below 1000....
Posted by : marketman
Yes,ongc has been doing better in these marekt conditions.... 
Ongc may not fall below 1000....
Posted by : marketmanTracked by: 0 Boarder
Yes,ongc has been doing better in these marekt conditions.......
In reply to:
Ongc may not fall below 1000....
Posted by : vkk43
Despite this, this share is relatively keeping itself firm.
Ongc may not fall below 1000....
Posted by : vkk43Tracked by: 0 Boarder
Despite this, this share is relatively keeping itself firm....
In reply to:
Ongc may not fall below 1000....
Posted by : marketman
Yes, ongc is a jewel of psus.... but the govt susidies and their poicies spoiing the investos` interest in the stock....
Ongc may not fall below 1000....
Posted by : marketmanTracked by: 0 Boarder
Yes, ongc is a jewel of psus.... but the govt susidies and their poicies spoiing the investos` interest in the stock.......
In reply to:
Ongc may not fall below 1000....
Posted by : sambala
ONGC find uranium traces in Gujarat, Rajasthan, AP
BS Reporter / Mumbai/ Lunej (khambhat) October 06, 2008
The Oil and Natural Gas Company (ONGC) has spotted traces of uranium in its existing wells in Gujarat, Rajasthan and Andhra Pradesh. Chairman and managing director of ONGC RS Sharma said this on the sidelines of golden jubilee celebration event of the company’s first oil well at Lunej in Gujarat
The board has given a go-ahead to the company’s proposed joint venture with Uranium Corporation of India for uranium exploration and we will soon sign an agreement,” Sharma said. The 50:50 joint venture company will utilise data from ONGC’s existing log of hydrocarbons which bears traces of uranium. Talking about the its upcoming ONGC Petro Additions Ltd (OPaL) project at Dahej, the chairman said that two consortiums have been zeroed in for the dual-feed cracker unit estimated to cost over Rs 6,000 crore with a capacity of about 11 lakh tones per annum (TPA).
“The dual feed cracker unit will be ONGC’s largest construction contract till date,” said A K Balyan, director (HR) of ONGC.
The rising input cost could see the cracker unit cost going well over Rs 7-8,000 crore, sources in the company said. Companies like GAIL and Petronet LNG have already picked 10 per cent and 5 per cent stake respectively in the project, sources said
Ongc may not fall below 1000....
Posted by : sambalaTracked by: 0 Boarder
ONGC find uranium traces in Gujarat, Rajasthan, AP
BS Reporter / Mumbai/ Lunej (khambhat) October 06, 2008
The Oil and Natural Gas Company (ONGC) has spotted traces of uranium in its existing wells in Gujarat, Rajasthan and Andhra Pradesh. Chairman and managing director of ONGC RS Sharma said this on the sidelines of golden jubilee celebration event of the company’s first oil well at Lunej in Gujarat
The board has given a go-ahead to the company’s proposed joint venture with Uranium Corporation of India for uranium exploration and we will soon sign an agreement,” Sharma said. The 50:50 joint venture company will utilise data from ONGC’s existing log of hydrocarbons which bears traces of uranium. Talking about the its upcoming ONGC Petro Additions Ltd (OPaL) project at Dahej, the chairman said that two consortiums have been zeroed in for the dual-feed cracker unit estimated to cost over Rs 6,000 crore with a capacity of about 11 lakh tones per annum (TPA).
“The dual feed cracker unit will be ONGC’s largest construction contract till date,” said A K Balyan, director (HR) of ONGC.
The rising input cost could see the cracker unit cost going well over Rs 7-8,000 crore, sources in the company said. Companies like GAIL and Petronet LNG have already picked 10 per cent and 5 per cent stake respectively in the project, sources said
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In reply to:
Ongc may not fall below 1000....
Posted by : marketman
The stock of ongc need not fall below 1000 ahead of its q2 results.... the psu oil company which will continue to genrate profits in comfortable way....
To invest Rs 5000 cr with in 4 years
Posted by : radhika_nandlalTracked by: 0 Boarder
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In reply to:
To invest Rs 5000 cr with in 4 years
Posted by :
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To invest Rs 5000 cr with in 4 years
Posted by :
YnglingTracked by: 0 Boarder
Does any of you guys have any idea how the drilling on Cauvery is going? They should have reached total depth by now. With success it could mean 1,6 billion boe from this prospect alone, and 2,4 billion boe from the licene area....
In reply to:
To invest Rs 5000 cr with in 4 years
Posted by : rvk41
Oil and Natural Gas Corporation of India will invest more than Rs 5,000 crore over the next four years to revamp three of their main assets and one sub-asset, said A. K. Hazarika, Director, On-shore Manager to Business Line.
The installments at Ankleshwar, Ahmedabad and Mehsana have been in use for around four decades now and need to be replaced, said a company spokesperson.
“We will change some of them and bring in new technology in other places as they have become obsolete. This will help us to improve the quality of oil that we are refining. All the changes should be completed in the next three to four years,” said Hazarika, at the sidelines of the foundation laying ceremony of the company’s de-salter plant at Kheda district, Ahmedabad.
The company will invest Rs 38.8 crore over the next two years to upgrade the plant in association with Hyderabad-based contractors Sairama Engineering Enterprises. “The crude of North Gujarat is high in saline content and processing it can be a challenging job. Last year we had to pay Rs 65 crore in penalty for not being able to provide good quality of oil to the refineries. These additional upgradation will help in meeting the requirements of the purity of oil by reducing the water content in it,” he said
Laying the foundation stone, the Gujarat Minister for Oil and Natural Gas, Dinsha Patel, said that revamp of all the 17 refineries, which work with the government, will be soon undertaken in order to increase the production of indigenous oil.
“Of the total requirement of oil in India today, we are indigenously producing only around 28 to 30 per cent, rest is imported. In order to increase our current capacity, which is at 150 million tonnes, we will undertake the upgradation of all the refineries.”
ONGC owns and operates more than 15,000 km of pipelines in India, and reported a turnover of Rs 59,848 crore for the year ended March 2008.
For information,with regards
rvk41
To invest Rs 5000 cr with in 4 years
Posted by : rvk41Tracked by: 0 Boarder
Oil and Natural Gas Corporation of India will invest more than Rs 5,000 crore over the next four years to revamp three of their main assets and one sub-asset, said A. K. Hazarika, Director, On-shore Manager to Business Line.
The installments at Ankleshwar, Ahmedabad and Mehsana have been in use for around four decades now and need to be replaced, said a company spokesperson.
“We will change some of them and bring in new technology in other places as they have become obsolete. This will help us to improve the quality of oil that we are refining. All the changes should be completed in the next three to four years,” said Hazarika, at the sidelines of the foundation laying ceremony of the company’s de-salter plant at Kheda district, Ahmedabad.
The company will invest Rs 38.8 crore over the next two years to upgrade the plant in association with Hyderabad-based contractors Sairama Engineering Enterprises. “The crude of North Gujarat is high in saline content and processing it can be a challenging job. Last year we had to pay Rs 65 crore in penalty for not being able to provide good quality of oil to the refineries. These additional upgradation will help in meeting the requirements of the purity of oil by reducing the water content in it,” he said
Laying the foundation stone, the Gujarat Minister for Oil and Natural Gas, Dinsha Patel, said that revamp of all the 17 refineries, which work with the government, will be soon undertaken in order to increase the production of indigenous oil.
“Of the total requirement of oil in India today, we are indigenously producing only around 28 to 30 per cent, rest is imported. In order to increase our current capacity, which is at 150 million tonnes, we will undertake the upgradation of all the refineries.”
ONGC owns and operates more than 15,000 km of pipelines in India, and reported a turnover of Rs 59,848 crore for the year ended March 2008.
For information,with regards
rvk41...
market Crumble
Posted by : vkk43Tracked by: 0 Boarder
Despite so much turbulence in the market, this is one scrip which has been holding itself. Even if crude cracks down to 80$, which it may in all probability, I do not think that ONGC could slip to a level of 700-750 only on this ground. Having said this, if however, market goes below 10000 then also I think it should hold and should not go below 800/-. However, there is no harm in booking profits in ONGC at above 1050 level, which is a right level to book profits in this share under the present market conditions. Thanks for your views....
In reply to:
market Crumble
Posted by : psgs
ongc's performance is good so far. even in this turbulant markets, the stock is holding its gains and outperforming the whole market. but if crude cracks, it will be a big shock for the company. one way it is good as subsidies may come down in the long term. but as of now this govt. will not reduce ongc's subsidiary. so in the short term if crude cracks down to 80$ levels then ongc will be in trouble as it will only lose from the falling crude prices in the near term. better to book profits in the short term in ongc. but at lower levels. if sensex has to come down to 10k levels as all the analysts are anticipating, then ongc has to fall to 700-750 levels. so better to exit this counter by booking profits.
market Crumble
Posted by : psgsTracked by: 0 Boarder
ongc's performance is good so far. even in this turbulant markets, the stock is holding its gains and outperforming the whole market. but if crude cracks, it will be a big shock for the company. one way it is good as subsidies may come down in the long term. but as of now this govt. will not reduce ongc's subsidiary. so in the short term if crude cracks down to 80$ levels then ongc will be in trouble as it will only lose from the falling crude prices in the near term. better to book profits in the short term in ongc. but at lower levels. if sensex has to come down to 10k levels as all the analysts are anticipating, then ongc has to fall to 700-750 levels. so better to exit this counter by booking profits.
...
In reply to:
market Crumble
Posted by : vkk43
Because it has already made a sharp upmove last few days, whereas equity has already fallen substantially.
market Crumble
Posted by : vkk43Tracked by: 0 Boarder
Because it has already made a sharp upmove last few days, whereas equity has already fallen substantially....
In reply to:
market Crumble
Posted by : Guest
why should gold tumble when the equity markets are tumbling
Ongc may not fall below 1000....
Posted by : marketmanTracked by: 0 Boarder
The stock of ongc need not fall below 1000 ahead of its q2 results.... the psu oil company which will continue to genrate profits in comfortable way.......
In reply to:
Ongc may not fall below 1000....
Posted by : marketman
Yes samba,ongc is a great company.... the only problem is it is psu company and sharing lot of unknown subsidy burden regularly....
market Crumble
Posted by : GuestTracked by: 0 Boarder
why should gold tumble when the equity markets are tumbling...
In reply to:
market Crumble
Posted by : vkk43
I agree, Gold should also follow downward journey.
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