Manish Mohnot, MD, Kalpataru Power says the company recently won transmission line projects in Malawi and Kuwait worth Rs 594 crore and another pipeline project from ONGC worth Rs 187 crore

Gas price cut: Fertiliser cos gain; ONGC, OIL, GAIL to hurt

It will have a positive impact on interest costs as our subsidy comes down to that extent, and also our cash flow for buying raw materials also comes down, Kapil Mehan of Zurai Agro said, adding that it was a marginal positive for the fertiliser industry in general

Govt cuts natural gas prices by 16% to $4.24 per mmBtu

Speaking to CNBC-TV18, Ex-ONGC head, RS Sharma said the development is a big negative and the government will have to work to revive formulation in order to promote the exploration and production (E&P) sector.

Crude fall, write-off led to weak Q4, capex on track: ONGC

In an interview with CNBC-TV18‘s Sonia Shenoy and Anuj Singhal, ONGC CMD DK Sarraf explained why the firm‘s fourth quarter earnings released yesterday came in way below estimates.

ONGC's FY16 net realisation could be $ 61/bbl: Former CFO

Aloke Kumar Banerjee is confident that ONGC's share price will get boosted once subsidy sharing formula is finalised. Government should not go for divestment until clear cut subsidy mechanism in place, he added.

Ad-hoc subsidy mechanism needs to be resolved: RS Sharma

RS Sharma Former Chairman, ONGC, says the news is very positive for upstream companies. However, he adds that the ad-hoc subsidy mechanism needs to be resolved.

No sell-off in Coal India for next 6 mnths: Divestment Secy

Falling crude prices is one of the main reasons for the ONGC divestment getting delayed, Johri said

Eye better Q4, clarity on subsidy formula soon: ONGC

The company paid Rs 9,458 crore in fuel subsidy during the quarter when its average crude oil price realisation fell to USD 76 per barrel from USD 108.19 in October-December 2013.

Fix subsidy formula at $65 for project completion: Ex-ONGC

The Oil Ministry proposed a new subsidy sharing proposal by which upstream companies ONGC and Oil India would not make any contributions towards subsidy burden if crude prices are at or below USD 60 per barrel.

Improved revenue, PAT seen on new gas price: ONGC

In what comes as more positive news for the company, DK Sarraf, chairman, ONGC says the hiked prices will allow for further exploration and production.

Net realisations should rise despite falling crude: ONGC

ONGC chairman and managing director DK Sarraf told CNBC-TV18 that the company will start producing gas from KG basin in June 2018.

Will diesel price deregulation drive re-rating for OMCs?

Sudhir Vasudeva, former chairman and managing director of ONGC says cost of gas production needs to be raised from USD 4.4 mmBtu soon. He believes gas pricing is the biggest issue faced by oil and gas companies now and an increase in prices is a must at this point.

Crude may trade near $100/bbl in medium to long-term: ONGC

Oil marketing companies have come into favour ever since the government signaled its intension to switch to market-linked soon, helped by a softening of global crude oil prices.

Gas price to be next big trigger for sector: Moody's

Credit rating agency Moody's in a recent note has said that it expects credit profile of OMCs to improve over the next 12 months on the back of falling crude prices and subsidy burden.

ONGC, Oil India to buy 5% stake each in IOC at Rs 220/share

ONGC will have to shell out a little more than Rs 2,500 crore. Sudhir Vasudeva, former ONGC chairman does not see strain on cash positions on balance sheet post the buy. He believes ONGC will be able to enter FY15 with comfortable cash positions.

Not upset by 5% stake sale, IOC always a good buy: ONGC

ONGC is likely to close the year with a cash balance of around Rs 5000 crore.

IOC buy will leave us with only Rs 2500 cr cash: ONGC exec

Following a weak response to the proposed divestment in IOC, and also opposition from the oil ministry on selling stake at depressed valuations, the government has decided to ask state-owned companies ONGC and OIL India to pick up stake in IOC.

Move to hike LPG cylinder cap will hit working capital: IOC

Oil minister Veerappa Moily on Friday had said that the cap would be raised. This followed Congress leader Rahul Gandhi‘s speech at the AICC session in which he proposed that the government should raise the cap.

No lock-in period for IOC shares, says ONGC CMD

In an interview to CNBC-TV18, Sudhir Vasudeva, CMD, ONGC spoke about the EGoM approving a 10 percent government stake sale in Indian Oil Corp (IOC) to ONGC and OIL and the road ahead.

See net profit at Rs 2400 cr post gas price revision: ONGC

With regards to IOC stake, AK Banerjee, Director-Finance, ONGC said the company has not yet been officially conveyed to buy the stake yet.

ONGC can book profit in IOC when it rallies: Oil Secy

Oil Secretary, Vivek Rae says the company that has bought a sister company‘s stocks is free to sell it in the open market once the stock prices rise.

Expect diesel deregulation to continue into 2014: ONGC

With diesel under-recoveries still at a steep Rs 10.5 per litre, it is only a matter of time before the government does away completely with price controls, believes Sudhir Vasudeva, CMD, Oil and Natural Gas Corporation.

Indian mkt needs hostile takeovers: Grant Thornton

Speaking to CNBC-TV18, Harish HV, partner-India Leadership Team,Grant Thornton, says there has been a significant jump in private equity (PE) deals and the interest in outbound deal continues by India Inc.

RIL gas price hike will help industry more than co: ONGC

R S Sharma, former chairman, ONGC says the government‘s move is logical and practical, keeping in mind the fact that the case is was under arbitration and that retrospective recovery from consumers would've been a massive issue.

Gas price hike to add Rs 4,400cr to profit: ONGC

In an interview to CNBC-TV18, Sudhir Vasudeva, CMD of ONGC spoke about the latest happenings in the company and the road ahead.