Ongc Buyback
ONGC fails again to attract bids for stake in Deen Dayal gas field
State-owned Oil and Natural Gas Corporation's (ONGC) third attempt to get a partner to rescue the Deen Dayal gas field in the KG basin in Bay of Bengal has met with the same fate as previous efforts as it got no bids, sources said. The tender offering stake to technical and financial partners in the Deen Dayal field, which ONGC had acquired from a Gujarat government firm for USD 1.2 billion, received no bids, two sources aware of the matter said. ONGC on June 12 sought expression of interest from "global oil and gas companies with requisite technical expertise and financial strength to join as partner (with participative interest) for firming up a viable strategy" for the field, according to the tender document. Bids closed on September 12. The field has produced negligible quantities of gas since ONGC in January 2017 acquired Gujarat State Petroleum Corporation's (GSPC) 80 per cent interest in the KG-OSN-2001/3 block off the east coast of India. The block contains the Deen Dayal W
 "ONGC fails again to attract bids for stake in Deen Dayal gas field")
Coal India achieves remarkable growth without major management rejig
Despite significant management restructuring, government-run mining company ONGC could not deliver a notable increase in output
 "Coal India achieves remarkable growth without major management rejig")
ONGC share buyback opens today. Should you tender your shares?
On business front, ONGC's Q2FY19 result was above market expectation with net realisations at US$73.1/bbl with nil subsidy burden
 "ONGC share buyback opens today. Should you tender your shares?")
ONGC board approves Rs 40 billion buyback at Rs 159 apiece; shares end flat
The company has fixed January 4, 2019 as the record date for determining eligible shareholders who can participate in the buyback.
 "ONGC board approves Rs 40 billion buyback at Rs 159 apiece; shares end flat")
