Shares of Oil and Natural Gas Corporation fell over 3 per cent on Monday after the company posted halving of its December quarter net profit.
Equity benchmarks closed in the red for the first time this week on Friday as investors cashed in on recent gains amid subdued global market sentiment due to the coronavirus outbreak
ONGC's ratings may experience downward pressure if the sovereign rating is downgraded, ONGC increases its pace of acquisitions such that it results in higher business risk and a deterioration in its credit metrics, or oil prices decline on a sustained basis resulting in weak cash flow generation and a deterioration in ONGC's credit metrics, Moody's said.
A major fire broke out on Tuesday at ONGC's gas processing facility in Navi Mumbai's Uran. Two people are reported to be injured.
A major fire broke out on Tuesday at ONGC's gas processing facility in Navi Mumbai's Uran. PTI report says four persons have died and three more were taken injured in the tragedy.
As much as USD 400 million of royalty dues since July 2017 have not been paid to state-owned Oil and Natural Gas Corp (ONGC), sources in know of the development said.
During interrogation, they told the police that they were running a job racket for last two years and had duped 20 people so far by promising them jobs in ONGC.
Oil Minister Dharmendra Pradhan on Friday said the government will file an appeal in High Court against a ruling by an international tribunal which rejected its USD 1.55 billion claims against Reliance Industries for allegedly siphoning gas from fields operated by state-owned ONGC
In a written reply in Rajya Sabha, Pradhan said that based on the Final Partial Award (FPA) dated October 12, 2016, the Directorate General of Hydrocarbons (DGH) had on May 25, 2017, raised demand for USD 3.8 billion on ONGC, RIL and Shell towards government of India share of profit petroleum and royalty.
India's premier public sector company ONGC has invited applications for the 1032 posts on the basis of Graduate Aptitude Test in Engineering, GATE 2018 scores.
The chopper company is a 51:49 joint venture between the Civil Aviation Ministry and oil behemoth ONGC.
Prime Minister Narendra Modi, Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan and Deputy Supreme Commander of the UAE Armed Forces witnessed the signing of the historic agreement.
ONGC holds 13.77 per cent stake in nation's biggest refiner IOC, which at today's trading price is worth over Rs 26,200 crore. It also holds 4.86 per cent stake in gas utility GAIL India Ltd, which is worth over Rs 3,847 crore.
The BSE Sensex surged 286.43 points to close at 35,798.01 while the broader NSE Nifty ended at 10,966.20.
ONGC will pay Rs 473.97 per share for 77.8 crore shares of the government in Hindustan Petroleum Corp Ltd (HPCL), the company said in a stock exchange filing.
While the search is on for the remaining one person, the ill-fated Chopper’s VDR too has been recovered, ONGC said in a statement.
The Navy has widened its search operations for the missing crew members of the Pawan Hans helicopter which crashed off the Mumbai coast yesterday.