Page 26 - Ongc

Rising oil and gas prices can lead to greater gains in ONGC stock

Demand and pricing environment remains positive; any reversal in energy prices could hurt sentiment

Ukraine-Russia tensions send indices in tailspin; Sensex cracks 1,747 pts

The NSE Nifty50, on the other hand, breached below the 16,850-mark to end 532 points, or 3.06 per cent, lower at 16,843. This was the indices biggest intra-day fall since November 26, 2021

ONGC soars 5%, hits fresh 32-month high post Q3 results, high oil prices

In Q3FY22, ONGC's net profit jumped 597 per cent YoY to Rs 8,764 crore, as against Rs 1,258 crore in the corresponding quarter of previous fiscal (Q3FY21).

ONGC Q3 results: Net profit surges seven-fold to Rs 8,764 cr

The nation's top oil and gas producer got $75.73 for every barrel of crude oil it produced and sold in Q3FY22 as compared to $43.20 a barrel realisation in the same period of 2020-21

Sensex slides 773pts, Nifty ends below 17400 amid global pullback; IT bleed

All the sectoral indices settled in the negative territory today with technology and public sector banks being the worst hit. The IT and PSB indices dropped nearly 3% and 2%, respectively

After no-show for 8 months, panel to choose ONGC chairman and MD

Eight months after its headhunter failed to find any suitable candidate for top job at ONGC, the government will deploy a sparingly used committee approach to find a new chairman and managing director of India's top oil and gas producer. Most board level appointments at public sector companies are done on the basis of recommendations of the Public Enterprise Selection Board (PESB) but the government headhunter had in June last year did not find anyone suitable from nine candidates, including two serving IAS officers, to head Oil and Natural Gas Corporation (ONGC). "Keeping in view the strategic importance and vision for the company and its future, the Board did not recommend any candidate and decided to constitute a Search Committee," PESB had said in a notice after interviews on June 5, 2021. The panel was constituted after eight months of that recommendation on February 4. "The Appointments Committee of the Cabinet (ACC) has approved selection to the post of Chairman & Managing .

ONGC, IOC, others to spend Rs 1.11-trn capex in FY23

ONGC has planned a capital expenditure (capex) of Rs 29,950 crore in FY23, marginally lower than the revised estimated expenditure of Rs 30,500 crore in the current fiscal

Market wrap: Sensex pares gains to end 77 points down; Nifty holds 17,100

Bharti Airtel rises 6% on Google's $1-bn investment plan, erases gains later; PSE stocks surge ahead of Budget; CPSE index gains 1%; Adani Wilmar IPO subscribed 1.08 times on day 2

L&T bags 'large' offshore contract from ONGC for pipeline project

Larsen & Toubro (L&T) on Friday said that its wholly-owned arm has bagged a large offshore contract from ONGC for the seventh development phase of their pipeline replacement projects. This contract, awarded through international competitive bidding, reposes ONGC's confidence in L&T Hydrocarbon Engineering (LTHE) capabilities and commitment to support ONGC in strategic oil and gas sector, and contribute to country's energy security. "LTHE, a wholly owned subsidiary of Larsen & Toubro, has secured a contract from...ONGC for the seventh development phase of their Pipeline Replacement Projects (PRP-VII)," the company said in a statement. The contract involves engineering, procurement, construction, installation and commissioning of 350 km subsea pipelines and related offshore works spread out across country's west coast offshore fields of ONGC. Organised under offshore, onshore, construction services, modular fabrication and advanced value engineering & technology ...

ONGC soars to a 32-month high, up 5% on improved outlook

Higher oil realisations and modest production would spur up ONGC's earnings before interest tax and depreciation and amortization (EBITDA) by 1.8x in the October-December quarter.

Crude trumps $90: ONGC may see 15% upside; OMCs indicate a mixed trend

The two major OMCs were exhibiting a mixed trend on the charts, with HPCL reflecting positivity, while BPCL struggling to hold ground.

India's oil production continues to slip, ONGC output down 2% in Dec

India's production of crude oil, which is refined to produce petrol and diesel, continued to decline in December 2021

What makes ONGC's first woman CMD more the exception than the norm

Rising share of listed public sector companies don't have a single woman director

IL&FS Group sells stake in ONGC Tripura to GAIL for Rs 319 crore

The 26 per cent stake that IL&FS had in OTPC has been valuated at Rs 1,227 crore for this transaction

ONGC appoints Alka Mittal as company's first ever female Chairman & MD

She was the senior-most ONGC Board Member after Kumar's retirement

ONGC without a chairman as Subhash Kumar retires; no replacement appointed

India's most valuable public sector firm ONGC became a company with no chairman and MD after incumbent Subhash Kumar superannuated and the government did not immediately name his replacement

CAG pulls up ONGC for flaring high-pressure gas from Mumbai High Field

CAG pulled up ONGC for flaring of high-pressure gas valued at Rs 816.08 crore in the Mumbai High Field during 2012-13 to 2019-20

Stocks to Watch: Airtel, ICICI, Hindalco, Shriram Properties, ONGC, Cipla

Consumer Durable stocks are also likely to be in focus on Monday after the company have hiked prices for the third time this year

ONGC scripts turnaround of subsidiaries, OPaL reports first profit

ONGC holds 49.36 per cent stake in the 1.1 million tons per annum capacity OPaL, GAIL has 49.21 per cent and GSPC the remaining 1.43 per cent.

No proposal to transfer ONGC's assets to OIL: Govt tells Rajya Sabha

Assam CM had earlier this year written to PM Modi requesting him to consider transferring all assets of ONGC in the northeastern region to Oil India Ltd