ONGC is an Indian public sector multinational crude oil and gas company based in New Delhi. It is owned by the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. More
HPCL is the nation's second-biggest oil retailer. It owns two refineries – a 7.5 million tonnes unit in Mumbai and another 8.3 million tonnes facility at Visakhapatnam in Andhra Pradesh.
The government had offered 11 blocks for exploration and production of oil and gas in the fifth bid round under the Open Acreage Licensing Policy (OLAP).
Downward revision in gas prices negative for upstream gas players, but positive for downstream gas marketing companies, fertilisers, tiles and power sectors
The price of new gas from difficult fields such as deepsea has also been cut to $4.06 per mmBtu from $5.61
The Ministry of Petroleum and Natural Gas has formed a panel to study the plan and explore other options to make gas production remunerative
A massive fire broke out at the gas processing plant of ONGC at Hazira in Gujarat's Surat district on September 24
Motilal Oswal is bullish on ONGC recommended buy rating on the stock with a target price of Rs 105 in its research report dated September 02, 2020.
HDFC Securities recommended reduce rating on ONGC with a target price of Rs 78 in its research report dated September 03, 2020.
Emkay Global Financial is bullish on ONGC has recommended buy rating on the stock with a target price of Rs 100 in its research report dated September 02, 2020.
The ED had reportedly filed a case against Bhandari late in July, in connection with a Rs 6,744 crore-deal with ONGC
Standalone revenue from operations during the quarter stood at Rs 13,011.3 crore, down by 39.4 percent
The board will also consider and approve the company's financial results for the June quarter on the said date, ONGC said in a BSE filing.
Prices of natural gas, which is used to produce fertiliser and generate electricity and is also converted into CNG for use in automobiles as fuel and cooking gas for households, are set every six months -- on April 1 and October 1 each year.
The firm's cash and cash equivalent including other bank balances rose to Rs 968 crore as on March 31, 2020, up from a record low of Rs 504 crore a year back.
Given the near-term uncertainty, we would recommend only long-term investment in these two stocks, with a preference for ONGC over Oil India
Oil Minister Dharmendra Pradhan and other senior officials of the ministry "reviewed the ongoing oil and gas projects started by PSUs since the resumption of economic activities from April 20, 2020".
Motilal Oswal is bullish on ONGC recommended buy rating on the stock with a target price of Rs 105 in its research report dated June 30, 2020.
As per Emkay, key risks for the company are adverse oil-gas prices, policy issues, divestment, cost overruns, COVID-19-led delays and exploration failures whereas duty relief and gas pricing reforms are the key triggers.
While ONGC was the sole bidder for six blocks, OIL was the lone bidder in all the four blocks it bid for, DGH said.
CLSA has reiterated sell call on the stock with a target at Rs 55 per share.
Revenue from operations during the quarter declined 19.8 percent year-on-year to Rs 21,456.2 crore, while the quarter-on-quarter fall was 9.5 percent.
Two ONGC employee bodies in separate letters claimed that the infection had spread either due to lack of proper guidelines or because the company had not adhered to rules
Oil and Natural Gas Corp (ONGC) and NTPC Ltd "entered into a memorandum of understanding (MoU) on May 21, 2020 in New Delhi to formalize this arrangement," ONGC said in a statement.