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
Among large-caps, Kotak Mahindra Bank, HDFC, ONGC and Maruti Suzuki among most-bought shares; ITC tops sell list
RuPay aims to empower every Indian with a world class payment solution
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
Gas accounts for 58 per cent of domestic gas production for ONGC
The number of buybacks dropped from seven in FY21 to just one in FY22.
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
The firm had in December 2020 opened the eighth Indian Basin the Bengal Basin, when commercial oil production started from Ashok Nagar discovery
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
Through the OFS, the government has divested 1.5 per cent stake in ONGC to raise Rs 3,000 crore.
CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla
#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
Unsubscribed shares in retail category, if any, will be allotted to non-retail investors
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.
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
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
Shares of ONGC are likely to be in focus as the government will sell 1.5 per cent stake in the oil producer through an offer for sale (OFS) over the next two trading sessions at Rs 159 per share.
The Offer For Sale by the govt will be open on March 30 and 31, says ONGC; the floor price for the OFS has been set at Rs 159 per share
This marks the first purchase of Sokol crude by HPCL. BPCL had previously purchased the grade in 2016
Indian companies' value of investments in Russia's oil and gas fields could be impaired as import bans and international sanctions may constraint future cash flow generating capacity: Moody's