Page 15 - Ongc

Making PSUs board-yukt and sarkar-mukt

PSUs have played a well-defined role in India's progress over 74 years. Some have delivered sterling outcomes that the return-seeking, capital-poor private sector would have been unable to do

CCI approves Summit India's 23.5% stake-buy in ONGC Tripura Power Company

The transaction represents a credible business opportunity for Summit India (Tripura)

ONGC Videsh arm hopes for a turnaround with hike in Russian field output

In 2015, OVL started to set up this utilisation plant to extract the heavier components from Associated Gas and make value-added products

Getting a breather: High commodity costs give debt relief to PSUs

Combined net debt stood at Rs 6.83 trillion at the end of March 2021

Stocks to watch: India Pesticides, HDFC, Avenue Supermarts, HCL Tech, ONGC

Commercial vehicle major Ashok Leyland on Friday said it has appointed former Aston Martin chief Andy Palmer as Executive Vice Chairman and CEO of its electric vehicle arm Switch Mobility

ONGC charts Rs 30,000 cr capex for FY22 with 50% in turnkey projects

It is aiming at 22.56 million tonnes of crude oil and 24.89 billion cubic metres of gas production during the year

ONGC's rating downgraded in line with India's sovereign rating

State-run Oil and Natural Gas Corporation Ltd (ONGC) and its subsidiary ONGC Videsh have witnessed a ratings downgrade with a negative outlook, courtesy a similar Indian sovereign rating.

Domestic gas price to be raised by 60% from Oct: ONGC's Subhash Kumar

This will offer relief to exploration companies that have found it hard to sustain profitability in the face of low domestic price

Fitch downgrades ONGC, OVL and ONGC Videsh Vankorneft ratings to BBB-

This makes it harder for ONGC's two arms to raise money for financing their projects. OVL is currently said to be in the process of raising $500 mn for repaying existing debt

Dharmendra Pradhan puts ONGC, OIL on notice: Perform or get shipped out

Petroleum Minister Dharmendra Pradhan on Tuesday put state-owned ONGC and OIL on notice saying oil and gas reserves they hold need to be monetised through joint ventures with domain experts

Top headlines: India approves Moderna vaccine; Sebi announces reforms

Business Standard brings you the top news of the evening

ONGC's improved earnings outlook for 12-18 months to support deleveraging

The rating agency has revised Brent crude oil price expectations for the rest of 2021 to $65 per barrel from $60 per barrel earlier

OVL on an oil slick, struggles with geopolitical and domestic challenges

Covid-19 has added to these issues. It has not only impacted the demand for fuel but also made the acquisition process slower.

State-owned ONGC reports Q4 profit at Rs 6,734 crore on high realisation

State-owned Oil and Natural Gas Corporation (ONGC) has reported a profit after tax at Rs 6,734 crore for the January to March quarter as compared to a loss of Rs 3,214 crore in the year-ago period

Stocks to watch: ONGC, BHEL, LIC Housing, Ashok Leyland, PTC India, RailTel

State-owned Union Bank of India has raised Rs 850 crore by issuing Basel-III-compliant bonds on a private placement basis

Second wave of Covid-19 pandemic delays work under new OALP blocks

In most cases the pandemic and subsequent lockdowns have stalled the development of the fields awarded from 2018 onwards

Third round of discovered small field auctions begins

Production from DSF-1 Elao field in Cambay basin expected to being in a weeks

Oil in dangerous waters

Data for the financial year 2020-21 revealed that domestic oil production fell again by 5% to 30.5 mn tonnes. This is the lowest in this century

IAS officers Avinash Joshi, Niraj Verma among 10 in fray for ONGC top job

ONGC is India's largest oil and gas producer

Farzad-B gas field: India one of the losers in energy politics of West Asia

Last week, after chasing India to develop the field for 13 years, Iran announced that it will develop the offshore gas field, which runs along the country's maritime border with Saudi Arabia