Oil output from flagship KG-DWN-98/2 has slipped to around 20,000 bpd against a 45,000-bpd peak target, with complex reservoir geology posing a challenge to sustaining production
The brokerage attributed OINL's stronger stock performance in part to the broader preference for mid-cap stocks over large-caps.
ONGC struck gas at its first Mahanadi Basin well, MN-DW18-1-H-D, at a depth of 1,441-1,452 metres, around 43 km off Konark.
ICICI Securities sees the momentum of Oil India's share price sustaining as the delivery of expansion plans in both upstream and downstream segments comes to fruition over FY27-29E.
Among the new additions, Laurus Labs saw its market-cap rise 92 per cent to ₹1.03 trillion from ₹53,546 crore as of March 30, 2026
Elevated crude prices amid West Asia tensions could boost ONGC and Oil India earnings, with the latter offering greater upside on stronger production growth
Oil India Ltd chairman and managing director Ranjit Rath is among more than half a dozen candidates who have applied for the top job at state-run Oil and Natural Gas Corp (ONGC), people familiar with the matter said. Rath, 54, is seeking the ONGC chairman and managing director's post for a second consecutive year after the government relaxed eligibility criteria, including the maximum age for the position. The Oil India chief was among the candidates shortlisted for the ONGC post last year, but the government chose to extend the tenure of incumbent Arun Kumar Singh by a year. Rath has headed Oil India, India's second-largest state-run oil and gas explorer, since August 2022. Others who have applied include ONGC Videsh Ltd managing director Rajarshi Gupta, who became eligible after the government raised the maximum entry age to 59 years. Gupta, 59, who is due to superannuate in July 2027, is the senior-most among all the internal candidates applying for the position. ONGC's direct
Higher crude realisations lifted ONGC's Q1 earnings above estimates, but sustained oil and gas production growth remains the key catalyst for any meaningful stock rerating
ONGC has approved a 1.75-million-tonne expansion of India's strategic oil reserves at Mangaluru, as the government moves to strengthen energy security after the Iran war exposed supply risks
Thus far in the calendar year 2026, the stock price of HPCL, BPCL and IOC plunged between 17 per cent and 22 per cent, as against a 8.9 per cent decline in BSE Sensex.
The facility would expand India's existing strategic storage capacity of 5.33 MMT by roughly one-third amid geopolitical conflicts and oil supply disruptions
Oil India reported a 62 per cent YoY growth in Q4 consolidated net profit, backed by 4.4 per cent increase in revenue from operations. The stock has rallied 15 per cent in the last five days.
ONGC has cancelled four tenders to hire 15 jack-up rigs since 2014, according to a report
The Government of India has not announced any windfall tax on domestic crude realisations; this is a key positive for ONGC and Oil India, believe analysts.
Thus far in the calendar year 2026, ONGC stock has outperformed the market by soaring 15 per cent, as against 12.8 per cent decline in the BSE Sensex.
At 01:58 PM on Thursday, the Nifty CPSE index was the the top gainer among sectoral and thematic indices, up 2.8 per cent, as compared to 0.4 per cent rise in the Nifty 50.
The prospects for OIL and ONGC may improve - with volume growth, stronger gas realisations and delta from refining/downstream subsidiaries likely aiding consolidated earnings momentum, say analysts.
ONGC's Q3 was weighed down by lower crude realisations, but improved gas realisations, rising new well gas share and upcoming projects may bolster medium-term production
Overlooking the Arabian Sea and just a 15-minute ferry ride away from leading beachside resorts, a 4,000-seat convention centre has been built in pristine south Goa to host large conferences and marquee events, including Filmfare-scale award functions. State-owned Oil and Natural Gas Corporation (ONGC) has an Advanced Training Institute (ATI) at Betul in South Goa for training its personnel in safety and HSE practices. Its campus is spread over 1 million square metres, or roughly 250-270 acres, with the training centre being housed in a small portion. Back in 2023, a make-shift conference centre at the unused portion of the vast land at ATI hosted a second edition of India Energy Week, as convention centres that could hold an event of that size elsewhere in the country were unavailable. And there germinated the idea of building a permanent facility to add another chapter to Goa's tourism. Before the fourth edition of IEW at the end of January this year, the convention centre was ...
At 11:21 AM on Wednesday; the BSE Oil & Gas index was the top gainer among sectoral indices, up 2.4 per cent, as compared to 0.16 per cent decline in the BSE Sensex.