Page 25 - Ongc

Former ONGC chairman Shashi Shanker joins Adani Total Gas Ltd board

Shashi Shanker, former chairman and managing director of Oil and Natural Gas Corporation, has been appointed as an independent director on the board of Adani Total Gas Ltd (ATGL), the company said in a regulatory filing. Shanker, who superannuated as the head of India's largest oil and gas producer on March 31, 2021, was appointed to the board of ATGL on May 4. "This is to inform that, on the recommendation of Nomination & Remuneration Committee, the Board of Directors of the company have appointed Shashi Shanker, as an Additional Director (Non-Executive, Independent) of the company," the filing said. He was chairman and managing director of state-owned ONGC from October 1, 2017 to March 31, 2021. ATGL is a joint venture of billionaire Gautam Adani-led infrastructure-to-energy conglomerate and Total of France for city gas business entailing the sale of CNG to automobiles and piped natural gas to households and industries. The company board is headed by Adani and includes his ...

How much value Russia is adding to ONGC subsidiary OVL's product basket

ONGC subsidiary OVL derives significant value from its oilfields in that country

Pawan Hans disinvestnent unwise, should have been merged with ONGC: Cong

The government has decided to sell 51 per cent stake in Pawan Hans to Star9 Mobility Private Ltd for Rs 211.14 crore

ONGC commissions Rs 6,000 crore projects to boost oil, gas output

State-owned Oil and Natural Gas Corporation (ONGC) has commissioned two projects costing Rs 6,000 crore to add 7.5 million tonnes of oil production and 1 billion cubic meters of gas output over the life of the Mumbai High fields, as it doubles down efforts to raise productivity from mature and aging fields. A Rs 3,740-crore spend has been made on a state-of-the-art 8-legged water injection-cum-living quarter platform, as part of the Mumbai High South Redevelopment Phase-IV, while Rs 2,292.46 crore have been spent on Cluster-8 marginal field development project at Mumbai High, the company said in a statement. "The two projects will result in an incremental gain of 7.5 million tonnes of oil and more than 1 BCM of gas," it said. Oil Minister Hardeep Singh Puri dedicated the two major projects to the nation at Western offshore on April 23. He was accompanied by chairman Alka Mittal, Director (T&FS) O P Singh and Director (Offshore) Pankaj Kumar. "The minister expressed his ...

ONGC drills three gas wells using new MPD technology in Tripura

The new technology - Managed Pressure Drilling (MPD) proved to be beneficial in the state because conventional drilling could not be used in these geographical locations, said ONGC

MFs pump Rs 22,000 cr into stocks in March amid extreme market volatility

Among large-caps, Kotak Mahindra Bank, HDFC, ONGC and Maruti Suzuki among most-bought shares; ITC tops sell list

A brave new world for the rupee

RuPay aims to empower every Indian with a world class payment solution

Oil and gas price hike supports upstream profitability of producers: Fitch

The more than doubling of natural gas prices and rise in oil prices will boost the profitability of oil and gas producers like ONGC and Reliance Industries Ltd, Fitch Ratings said on Tuesday

ONGC to see $3 bn rise in earnings, Reliance $1.5 bn from gas price hike

Gas accounts for 58 per cent of domestic gas production for ONGC

IPOs and buybacks go missing from 2021-22 disinvestment drive

The number of buybacks dropped from seven in FY21 to just one in FY22.

Uncertainty mars divestment plan: Govt misses target for 2nd time in 3 yrs

The Centre has missed its revised divestment target for the second time in three years even after slashing the target by 55 per cent to Rs 78,000 crore in the Union Budget

ONGC to open Vindhyan Basin in Madhya Pradesh for gas production

The firm had in December 2020 opened the eighth Indian Basin the Bengal Basin, when commercial oil production started from Ashok Nagar discovery

Govt doubles gas price to record levels for 6 months; CNG rates may go up

The price of gas produced from old regulated fields, such as the nation's largest gas field of Bassein of ONGC, will rise to a record high of $6.1 per mmBtu from the current $2.90 per mmBtu

ONGC OFS's retail portion subscribed 72%

Through the OFS, the government has divested 1.5 per cent stake in ONGC to raise Rs 3,000 crore.

RIL, HDFC Bk drag Sensex 115pts, Nifty holds 17,450; indices up 19% in FY22

CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla

BS 1000: Most Valuable Indian Companies

#BS1000 | The financial year 2020-21 was one of recovery for corporates after the outbreak of the Covid-19 pandemic in the last quarter of FY20 and the subsequent national lockdown brought economic activity to a halt in the April-June 2020 quarter. The combined revenues of BS1000 companies were down just 6.1 per cent in FY21 over the previous year, despite a complete washout in the first quarter of the financial year. Top companies cornered a bigger chunk of revenues in many industries. Take a look at India's most valued companies

ONGC OFS subscribed 1.6 times; will be open to retail investors on Thursday

Unsubscribed shares in retail category, if any, will be allotted to non-retail investors

Bonanza for RIL, ONGC: Gas price to more than double this week, says report

Reliance Industries is set to get a record price of around $10 per MMBtu for the KG gas, while ONGC is likely to fetch more than double the rate for its Mumbai High and other fields, sources said.

Amid record high prices, are industrial metals the new oil in India?

Data providers such as Reliance Jio, Airtel and large tech startups such as Flipkart, Paytm have yet to earn big profits, while metal giants are becoming important in an emerging low-carbon world

Sensex soars 740 pts; Nifty nears 17,500; banks, auto shine, metals sink

CLOSING BELL: Reliance Industries, HDFC twins, ICICI Bank, and Bajaj Finance lifted the benchmark S&P BSE Sensex 740 points higher to end at 58,684