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Raising production, reviving existing fields can multiply gains for ONGC

Rising global oil and gas prices are already benefiting the oil major and its overseas subsidiary

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ONGC Oil | ongc oil inda

Devangshu Datta  |  New Delhi 



ONGC
The company said it was investigating the cause of the fire.

India’s largest oil producer, ONGC, declared Q4 results reflecting the rise in global energy prices. The standalone results don’t take into account large subsidiaries such as OVL, HPCL, Petronet, and MRPL as well as several JVs and associates. While OVL is wholly-owned, ONGC’s majority shareholding in HPCL increased due to a buyback offer by the refining major.

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First Published: Fri, June 25 2021. 19:57 IST

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