Page 2 - Oil & Natural Gas Corpn Ltd News

Indian Oil Corporation soars 5%; ONGC hits 4-month high; here's why

Oil & Gas stocks rally on D-Street: At 12:38 PM; BSE Oil & Gas was up 2.5 per cent, as compared to 0.42 rise in the BSE Sensex.

Buy or Sell? How to trade Reliance, ONGC, OMC shares amid Russian oil ban

Crude Oil prices have soared 7% in the last two weeks following fresh US sanctions on Russian oil imports. Back home, shares of oil exploration and marketing companies look favourably placed on charts

OPaL plans to raise up to Rs 1,000 crore via 5-year bonds on Tuesday

The issuance is backed by an unconditional and irrevocable corporate guarantee from ONGC

ONGC plans 15% cost reduction to prepare for $60 per barrel crude price

Of the Rs 9,000 crore savings forecast, ONGC expects savings of Rs 4,300 crore by March 2026 as it implements 20 initiatives to boost cost efficiency

ONGC to invest ₹8,110 cr to develop 172 onshore wells in Andhra Pradesh

Oil and Natural Gas Corporation Limited (ONGC) is set to invest Rs 8,110 crore for onshore development and production of oil and gas from 172 wells in eight PML (petroleum mining lease) blocks in Andhra Pradesh. A committee under the Ministry of Environment, Forest and Climate Change has recommended Environmental Clearance for the project in a meeting held last month. The estimated project cost is Rs 8110 crore. Capital cost of EMP (Environment Management Plan) would be Rs. 172 crore and recurring cost for EMP would be Rs. 91.16 Crores per annum. Industry proposes to allocate Rs. 11 crores for commitments made in Public Hearing, Expert Appraisal Committee said in the minutes of the meeting. While recommending the EC, the committee directed the ONGC to comply with all the environmental protection measures and safeguards proposed in the documents submitted to the Ministry. All the recommendations made in the EIA/EMP in respect of environmental management, and risk mitigation measures

Attractive valuations largely limit downside risks for upstream players

Despite weak crude prices and policy risks, ONGC and Oil India trade at steep discounts to global peers, with growth projects and NWG premiumisation offering upside potential

'No blast, no supply hit': ONGC clarifies after Uran plant fire near Mumbai

A fire broke out at ONGC's Uran gas plant on Monday, sparking supply concerns, but the company said there was no blast and gas distribution to consumers remained unaffected

Maximize your returns: Here's 10 stocks with the highest dividend yields

Coal India tops the list of high dividend yield stocks, followed by PTC India, Gujarat Pipavav Port, ONGC, REC, GAIL, PFC, HCL Tech, TCS, and Petronet LNG

Dividend stocks: Oil India, NTPC, ONGC, 60 others to remain in focus today

Here is the complete list of stocks that will remain in focus today as they are set to trade ex-dividend tomorrow, Thursday, September 4, 2025

Centre to launch first bidding round under Deepwater Mission soon

National Deepwater Mission aims to boost hydrocarbon output, cut imports

ONGC plans to set up trading unit for crude, refined fuels for group firms

ONGC Videsh is the overseas investment arm of ONGC and annually produces about 10 million tonnes of oil through its assets

Stocks to Watch today, Aug 26: Tata Motors, Paytm, ONGC, Sai Life Sciences

Stocks to Watch today, Tuesday, August 26, 2025: Here is the complete list of stocks to watch during today's trading session

Mixed signals after ONGC Q1 nos; what's the best move for investors now?

On a standalone basis, ONGC's gross revenue dropped 9.3 per cent Y-o-Y to ₹32,003 crore, while net profit fell 10.2 per cent to ₹8,024 crore from ₹8,938 crore last year.

Q1 results today: Ashok Leyland, Vodafone Idea, Indian Oil on Aug 14

Q1 FY26 company results, August 14: Glenmark Pharma, Patanjali Foods, Borosil, Essar India, Inox Wind, and Redtape will also release their April-June quarter earnings reports today

ONGC Q1 results: Net profit falls 10% to ₹8,024 cr on lower oil prices

State-owned Oil and Natural Gas Corporation (ONGC) has reported a 10 per cent decline in its June quarter net profit on lower oil prices and stagnant production from its aging fields. The company reported a net profit of Rs 8,024 crore in the first quarter of 2025-26 fiscal year, compared to Rs 8,938 crore earning in the same period last year, a company statement said. The firm realised USD 67.87 for every barrel of crude oil it pumped out of ground and below seabed from sale to refiners, who convert it into fuels like petrol and diesel, as compared to USD 80.64 per barrel realisation in April-June 2024. Price of natural gas, which is used to generate electricity, produce fertiliser or turned into CNG and piped cooking gas, marginally rose to USD 6.64 per million British thermal units in Q1 from USD 6.5 in last year. ONGC said gas from new wells it drills is eligible for a 20 per cent premium over the government set price, called APM. "ONGC is actively working to boost output from

Q1 results today: HAL, Nykaa, ONGC, Jindal Steel, 580 others on Aug 12

Q1 FY26 company results: Apollo Hospitals, Honasa Consumer, Aavas Financers, Alkem Laboratories, and Cochin Shipyard are also to release their April-June quarter earnings reports today

ONGC to invest ₹4,600 crore to drill 10 wells, other infra in KG Basin

The oil and gas major ONGC will be investing over Rs 4,600 crore to drill 10 development wells, to set up two unmanned platforms, to lay an offshore pipeline, and to establish an onshore gas processing facility in Konaseema District of Andhra Pradesh. Oil and Natural Gas Corporation Limited (ONGC) has approached the Ministry of Environment and Forests seeking fresh environmental clearance for the proposed project, an Experts Appraisal Committee (EAC) under the ministry said in the minutes of its meeting held on July 24. Letter of Award (LOA) for Offshore Oil and Gas Contract areas KG/OSDSF/CHANDRIKA/2021 (Chandrika) comprising an area 697 sq km and KG/OSDSF/GS49/2021 (GS49) comprising an area of 148 sq km in East coast were issued by Director General of Hydrocarbons in September 2022 under under DSF-III (Discovered Small Field-III). "Total land area required is 26.3 hectares (Odalarevu Terminal) for the proposed installation. Greenbelt will be developed in a total area of 8.7 ...

Tariff on Russian Oil: RIL, HPCL, BPCL, IOC can dip up to 18%, say charts

The Nifty Oil & Gas index is seen testing the 200-DMA support on charts; break below the same could weigh on the sentiment at Reliance, ONGC and Oil marketing companies counters.

ONGC, RIL, HPCL: Nifty Oil & Gas slips 1%; check reasons, recommendations

Oil & Gas stocks declined in trade after US President Donald Trump threatened to raise tariffs in Indian imports over the purchase of a "massive" amount of Russian crude oil