With not much upside in output and gas prices weak, earnings are expected to be under pressure
The company is scheduled to announce its April-June quarter (Q1FY21) result on Friday, September 11.
ONGC has managed to save its golf courses in Ahmedabad and Vadodara after the department of disinvestment dropped a proposal to divest the company of the 'non-core' assets, sources said.
"Capex flow will get pushed to next fiscal," Subhash Kumar said adding FY21 capex would be around Rs 26,500 crore
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Standalone gross revenue came in at Rs 13,011 crore, down 51 per cent YoY from Rs 26,555 crore posted in Q1FY20
Gross revenue for the quarter at Rs 62,496 crore, down 43% from Rs 1,09,546 crore during the first quarter of FY20
Singh, who completes his five-year term as managing director and CEO next month, took home a record Rs 1.8 crore in fiscal 2019-20 (April 2019 to March 2020)
BHEL's stock has provided a breakout from a falling wedge pattern on the daily chart
From asking students to stay in India to learning more about the plight of migrant workers forced to walk home during the pandemic
Governments have followed different rules for different banks at different times
Says listing regulations don't apply to it as govt makes board appointments
Fresh guidelines will be issued to make them much more stringent for strategic sectors, say sources
ONGC recruitment 2020: ONGC has invited applications for 4,182 apprentice posts. Know important dates, eligibility, stipend and other details
Union Finance Minister Nirmala Sitharaman had earlier this week asked public sector companies to undertake half their capex for the current year by September.
Not just for cost-effectiveness, public sector firms turn to China for lack of domestic qualified bidders, technology
Analysts feel company's stock is already discounting crude price recovering to $48/barrel.
He allegedly received kickbacks worth $4.99 million from Samsung in 2009 to influence government officials in awarding a Rs 6,744 crore contract to a company promoted by PSUs including ONGC
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ONGC had logged a profit before tax (PBT) of Rs 11,691 crore in the corresponding period of FY19.