Ak Hazarika

In an interview to CNBC-TV18, AK Hazarika, chairman, ONGC said, the company can file the RHP within 24 hours notice. According to him, there is positive sentiment for the FPO so far.

ONGC aims to sell deepwater stakes to oil giants

Oil and Natural Gas Corp is in talks with BG, Eni and Shell to sell stakes in deepwater developments off the country's resource-rich eastern coast, the Financial Times said on Monday.

ONGC Q1 rises 12%, boosted by higher subsidy payments

State-owned Oil and Natural Gas Corporation (ONGC) has reported a rise of nearly 12% (YoY) in its first quarter of FY12 net profit. During the period, net profit of the company has risen to Rs 4,095 crore against Rs 3,661 crore in the corresponding quarter of last fiscal.

ONGC FPO unlikely to hit market before mid-August

The much talked about Rs 11,500 crore share sale of state-run Oil and Natural Gas Corp (ONGC) has been deferred again and is unlikely to hit the market before mid-August.

ONGC board approves follow-on share sale offer

State-run explorer Oil and Natural Gas Corp's board on Tuesday approved a follow-on share sale plan, but the company will file papers with the markets regulator only after it gets the greenlight from the government, its chairman said.

Upstream companies may bear 33% subsidy in Q1: ONGC

In an interview to CNBC-TV18, he said, "The government has taken a two-prong strategy by which they have also reduced their own revenue by reducing the duties of the various commodities as well as some of the burden have been passed onto the public by increasing the price of diesel, kerosene and LPG."

How are oil firms reading the fuel price hike?

Bringing some respite to the bleeding oil marketing companies, the Empowered Group of Ministers on fuel, which met today, announced a Rs 3 per litre hike in prices of diesel. It has also increased the rates of kerosene by Rs 2 a litre and LPG by Rs 50 per cylinder. How are

ONGC 'still considering' July 5 as FPO date

The ONGC follow on public offer (FPO), one of the most anticipated one from the Finance Ministry’s divestment calendar is scheduled on July 5. Maintaining that the Department of Divestment (DoD) will take the final call on the FPO, AK Hazarika the chairman of the oil major, says he is “still considering” July 5 will be the FPO date.

ONGC Q4 woes: Chairman says higher subsidy burden culprit

Speaking to CNBC-TV18, chairman AK Hazarika said the additional subsidy burden borne by the company has dented its profits.

FPO may be impacted if subsidy burden is increased: ONGC

The government has increased upstream subsidy share to 38.5% of its total subsidy in this fiscal, reports CNBC-TV18 quoting sources. It is learnt that due to this move, upstream oil companies will have to bear Rs 30,000 crore in FY11.

FPO on July 5? ONGC chief awaits final word from govt

In an interview with CNBC-TV18, AK Hazarika, chairman of ONGC, spoke about the company’s FPO plans and other important issues.

Expect EGoM to hike fuel prices on May 11: ONGC

State-owned Oil and Natural Gas Corp's (ONGC) Rs 11,500 crore public offer is finally on track with a possible July opening after being deferred twice due to weak market.

ONGC hopes share sale in June-July

State-run energy explorer Oil and Natural Gas Corp hopes to launch its follow on share sale in June-July, Chairman AK Hazarika said on Friday.

Why will ONGC's issue not happen by first week of April?

AK Hazarika, the new Chairman of ONGC, spoke to CNBC-TV18 about the controversy surrounding the company's FPO route. "The decision on the FPO lies with the government. However, we do expect it to take place in the first quarter of FY12," he said.

You have to be patient, ONGC FPO may hit only in FY12

The much-awaited FPO of state-run explorer ONGC may have caught in another logjam. In an interview to CNBC-TV18, AK Hazarika, Chairman of the company said that FPO is unlikely to be launched in the first week of April.

ONGC eyes technical alliance for deep water exploration

ONGC doesn't think the geopolitical tension in Libya and Bahrain will impact investment sentiment in the sector. The upstream major says it’s on track to hit the capital markets with its FPO on March 15.