Page 6 - Oil And Natural Gas Corporation
ONGC adopts Energy Strategy 2040; targets doubling of oil, gas production
State-owned Oil and Natural Gas Corp (ONGC) has set a target to double oil and gas output from its domestic and overseas fields and expand its refining capacity three-fold alongside diversification into renewables in a new vision document for 2040, its Chairman Shashi Shanker said. ONGC Energy Strategy 2040 envisions the company as "A diversified energy company with a strong contribution from non E&P business; 3x revenues and about 5-6x market capitalisation," he said. The firm produced 24.23 million tonnes of crude oil in the 2018-19 fiscal year and 25.81 billion cubic metres (bcm) of natural gas from its domestic fields. Another 10.1 million tonnes of oil and 4.736 bcm of gas were produced from its overseas assets. It had a turnover of Rs 109,654 crore and a net profit of Rs 26,715 crore in the year ended March 31, 2019. As on August 16, it had a market capitalisation of Rs 164,458 crore. In the company's latest annual report, Shanker said the ONGC board recently approved the ...
 "ONGC adopts Energy Strategy 2040; targets doubling of oil, gas production")
HPCL plans to rectify shareholding pattern, accepts ONGC as a promoter
Sebi asked HPCL to re-file shareholding pattern to stock exchanges by August 13 for all quarters since Oil and Natural Gas Corp (ONGC) acquired government's entire stake in the refiner in January 2018
ONGC recruitment 2019: Know the last date to apply for 214 apprentice posts
Only residents of all districts of Maharashtra are eligible to apply for ONGC apprentice Jobs 2019
 "ONGC recruitment 2019: Know the last date to apply for 214 apprentice posts")
ONGC stock: Natural gas price revision, higher volumes are positives
Rising crude oil prices are positive for ONGC. The company has already seen its net realisation for oil, at $74.2 a barrel, rise 46 per cent year-on-year in the June quarter
 "ONGC stock: Natural gas price revision, higher volumes are positives")
ONGC declares second interim dividend of Rs 2.25 per share at 45%
The Record date for distribution of dividend has been fixed for March 14
 "ONGC declares second interim dividend of Rs 2.25 per share at 45%")
Whistle-blower flags irregularities, corruption in ONGC, alleges victimisation
He had apprised company authorities about irregularities and corrupt practices but was 'advised' to 'refrain' from further highlighting incidents to higher authorities
 "Whistle-blower flags irregularities, corruption in ONGC, alleges victimisation")