Page 2 - Ongc

ONGC trails Zomato in mcap despite assets worth over one-third its value

State-owned ONGC, valued at around Rs 3.10 lakh crore, now trails food delivery firm Zomato despite its stakes in subsidiaries and minority investments accounting for over a third of its market capitalisation, indicating India's largest oil and gas producer is potentially undervalued. At the close of trading on Friday, Oil and Natural Gas Corporation (ONGC) had a market value of Rs 3.097 lakh crore, lower than Rs 3.36 lakh crore of Eternal Ltd (formerly known as Zomato), Hindustan Aeronautics Ltd (Rs 3.23 lakh crore) and Titan Company (Rs 3.13 lakh crore), according to BSE data. ONGC was India's most valuable company with a market capitalisation of Rs 2.44 lakh crore in 2012, ahead of IT giant TCS and energy major Reliance Industries. While ONGC's market capitalisation rose by just 26 per cent over the past 13 years, other listed firms have seen quantum jumps. Reliance has seen its valuation soar from Rs 2.43 lakh crore in July 2012 to Rs 18.7 lakh crore at Friday's close. Tata ...

ONGC likey to provide first guarantee in 15 years for unit's bond sale

ONGC Petro Additions Ltd (OPAL), in which ONGC owns more than 95% stake, is looking to raise 50 billion rupees ($563.22 million) through a multiple-tranche bond sale, they said

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

ONGC to invest ₹8,110 cr to develop onshore wells in Andhra, gets EAC nod

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 (production mining license) 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 measu

Setback for Vedanta as govt rejects extension of Cambay oil, gas block

In a setback for mining baron Anil Agarwal's group, the government has rejected Vedanta group firm's application for extension of contract for a key Cambay basin oil and gas block. Vedanta Cairn Oil and Gas, a unit of Mumbai-listed Vedanta Ltd, was the operator of the Gujarat offshore block CB-OS/2 with a 40 per cent stake. State-owned Oil and Natural Gas Corporation (ONGC), which holds 50 per cent interest in the block, in a stock exchange filing, said the Ministry of Petroleum and Natural Gas has, in a September 19 letter, told the partners that the application for extension of the production sharing contract (PSC) for CB-OS/2 has not been accepted. ONGC, which has been asked to take over the operations in the interim period, did not state the reason for the move. PSC is an agreement between the government and a resource extraction company. It gives the company time-specified right to explore, develop and produce resources in exchange for a pre-agreed share of the produced output

Stocks to Watch today, Sept 22: IT stocks, Oil India, SCI, Ola Electric, Vi

Stocks to Watch today, September 22, 2025: From IT stocks to MRF, here is a list of shares that will remain on investors' and traders' radar on Monday

ONGC, OIL aim to launch ₹3,200 cr stratigraphic drilling campaign next year

State-run oil explorers ONGC and Oil India Ltd are planning to begin a Rs 3,200 crore stratigraphic drilling campaign in untapped offshore areas early next year, as part of efforts to discover new hydrocarbon reserves and cut reliance on imports, officials said. In the first phase, four wells will be drilled in deepsea of Andaman, Mahanadi, Saurashtra and Bengal sedimentary basins. Global energy giant BP will provide technical expertise in identifying the locations as well as drilling, officials said. Stratigraphic drilling - also known as a stratigraphic test well - is a type of exploratory drilling aimed at studying underground geological formations rather than producing oil or gas. These wells are drilled to gather data on subsurface layers through continuous coring, petrophysical logging, and seismic data integration. The objective is to build a detailed geological profile to support future hydrocarbon exploration, without any immediate intent to extract resources. This will he

Oil India targets ₹1.3 trillion capex by 2030, says CMD Ranjit Rath

Oil India chief expects that the construction of Mozambique LNG project will resume by the end of this year

'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

ONGC plant fire: CNG availability may be impacted in Mumbai, says MGL

The fire at ONGC's Uran gas processing plant has impacted MGL's gas supply to its city gate station at Wadala, while the supply to CNG stations may be affected. Mahanagar Gas Limited (MGL) is ensuring that the supply to its domestic PNG consumers is maintained as a priority without interruption. A fire broke out in the ONGC plant at Uran in neighbouring Navi Mumbai around 3 pm. It was doused by Oil and Natural Gas Corporation's fire brigade service after around two hours, police said. Nobody was injured in the incident. MGL is ensuring that the supply to its domestic PNG consumers will be maintained on a priority without interruption, but CNG stations' supply may be impacted. "A disturbance at ONGC's Uran gas processing facility, prompting MGL to prioritise uninterrupted supply to domestic PNG consumers while cautioning that low pipeline pressure could impact CNG availability across Mumbai," the MGL said in a statement on Monday night. The MGL also urged industrial and commercial

Mitsui to operate ONGC's ethane carriers, equity plan under discussion

Japanese shipping firm Mitsui O.S.K. Lines will operate two very large ethane carriers for Oil and Natural Gas Corporation (ONGC) to import petrochemical feedstock for a subsidiary of the state-owned company, sources said. ONGC has entered into a partnership to build, own and operate two very large ethane carriers (VLECs). The two firms are currently discussing equity structure of the joint venture, two sources with direct knowledge of the matter said. Mitsui is likely to own majority stake in the ships that would be built in Korean shipyards, they said adding the exact equity structure would depend on ONGC's appetite. The specialised ships, with an estimated cost of USD 370 million for the pair, are intended to secure the petrochemical feedstock for ONGC Petro Additions Ltd's (OPaL) Dahej facility, with ethane imports beginning around mid-2028. Sources said it would take about two-and-half-years to build the VLECs. Mitsui and its partners currently own and operate four liquefied

Low prices, high GST: Double whammy for upstream energy companies

GST Council recommends raising GST on oil and gas exploration services from 12% to 18%, potentially impacting the margins of Indian upstream companies facing declining energy prices

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

ONGC Videsh eyes banking channel to recover $350 mn stuck in Russia

India's flagship overseas firm ONGC Videsh is hopeful that the opening of banking channels with Russia and a sanctions waiver on Venezuelan oil will allow it to recover pending dues in both countries, a senior official said on Friday. OVL, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has about USD 350 million in dividend income stuck in Russian banks that it can't repatriate because of western embargo. The firm has another USD 600 million stuck in Venezuela due to sanctions. OVL managing director Rajarshi Gupta said about USD 350 million in dividend income from the company's interest in oil and gas assets in Russia is lying in the company's bank account in Russia. "We believe resolution will happen soon and we should be able to get the money soon," he said. Indian state oil firms have invested USD 5.46 billion in buying stakes in four different assets in Russia. These include a 49.9 per cent stake in the Vankorneft oil and gas field and anothe

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

Here are 15 PSU stocks for your portfolio with high dividend yields

Coal India and NMDC lead the list, each with a dividend yield of seven per cent, making them the most attractive dividend plays among government-backed companies

Lower crude oil prices point to further downsides for ONGC stock

For ONGC Videsh or OVL, oil and gas production in the quarter stood at 1.75 mmt (down 2 per cent Q-o-Q) and 0.7 bcm (down 13 per cent Q-o-Q)

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.