ONGC CMD Sudhir Vasudeva told CNBC-TV18 that the company is in talks with ministries on reduction of subsidy burden.
In an interview to CNBC-TV18, RS Sharma, Former Chairman of ONGC spoke about the current environment in the oil and gas space
TK Ananth Kumar, director-finance, Oil India said, "Every one dollar hike will translate to over Rs 400 crore growth in topline.†He also said that the hike will lead to higher investment in exploration activities of the company."
After the hike in gas prices, EPS estimates for Reliance, ONGC and Oil India will go up, but the main thing to be looked at is what kind of subsidy the government levies on these upstream companies, says Prayesh Jain, AVP- Research Analyst, IIFL.