Oil And Natural Gas Corporation Ltd. News and Updates

Name: Latest research reports of Oil And Natural Gas Corporation Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Oil And Natural Gas Corporation Ltd.
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Author: Motilal Oswal

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Oil And Natural Gas Corporation Ltd.

12 Nov 2024

241.80

-0.83%

Volume growth key catalyst in FY26

Buy: Oil And Natural Gas Corpor...

Target

Motilal Oswal

ONGC’s reported EBITDA stood at INR182b (flat YoY) in 2QFY25, in line with our estimate. PAT was 30% above our estimate, mainly aided by higherother income.

Number of FII/FPI investors decreased from 884 to 817 in Dec 2024 qtr

Oil And Natural Gas Corporation Ltd.

11 Nov 2024

241.80

-0.83%

ONGC ex-manager Sonkar convicted in graft case after 16 year trial

Business Standard

A special CBI court in Ahmedabad has sentenced a former ONGC manager to three years of rigorous imprisonment in a 2006 case of amassing assets disproportionate to his known sources of income, officials said here. The court also imposed a fine of Rs 25 lakh on the accused, Kishanram Hiralal Sonkar, after the protracted trial. The Central Bureau of Investigation had registered an FIR against Sonkar, then Manager, F&A, ONGC, Ankleshwar in 2006 for allegedly amassing illicit assets to the tune of Rs 14.11 lakh between 2002 and 2006 which were 84 per cent over his known sources of income. During the investigation, the CBI detected nearly eight lakh worth of disproportionate assets, taking the total illicit wealth to Rs 22.15 lakh under his possession, they said. The CBI had filed a chargesheet in 2008 after which a long legal battle ensued, culminating in Sonkar's conviction by the special court in Ahmedabad, they said.

Oil And Natural Gas Corporation Ltd.'s price crossed below 50Day SMA today

ONGC Q2 results: Net profit up 17% at Rs 11,948 cr on lower windfall tax

Business Standard | 11 Nov 2024

Oil And Natural Gas Corporation Ltd.

08 Nov 2024

241.80

-0.83%

ONGC Earnings Lean On Two Factors And Neither Is Holding Up

NDTV Profit

Oil & Natural Gas Corp. has not only seen declining oil production but has also consistently missed oil guided targets for the past six years.

Oil And Natural Gas Corporation Ltd. is trading below its 50 day SMA of 243.6

Oil And Natural Gas Corporation Ltd.

07 Nov 2024

241.80

-0.83%

Gas Ramp-Up From ONGC's KG-Block Further Delayed; Likely To Start From Next Fiscal

NDTV Profit

The $5 billion project which started production of natural gas in 2021, was expected to reach a peak capacity of 10 million metric standard cubic meters per day (mmscmd) by 2024.

Number of FII/FPI investors decreased from 884 to 817 in Dec 2024 qtr

Oil And Natural Gas Corporation Ltd.

04 Nov 2024

241.80

-0.83%

ONGC, NTPC form joint venture to advance renewable, new energy interests

Business Standard

ONGC Green Energy Ltd and NTPC Green Energy Ltd to collaborate on solar, wind, green hydrogen, and SAF

Geojit BNP Paribas decreased Buy price target of Oil And Natural Gas Corporation Ltd. to 261.0 on 07 Mar, 2025.

Oil And Natural Gas Corporation Ltd.

03 Nov 2024

241.80

-0.83%

ONGC fails again to attract bids for stake in Deen Dayal gas field

Business Standard

State-owned Oil and Natural Gas Corporation's (ONGC) third attempt to get a partner to rescue the Deen Dayal gas field in the KG basin in Bay of Bengal has met with the same fate as previous efforts as it got no bids, sources said. The tender offering stake to technical and financial partners in the Deen Dayal field, which ONGC had acquired from a Gujarat government firm for USD 1.2 billion, received no bids, two sources aware of the matter said. ONGC on June 12 sought expression of interest from "global oil and gas companies with requisite technical expertise and financial strength to join as partner (with participative interest) for firming up a viable strategy" for the field, according to the tender document. Bids closed on September 12. The field has produced negligible quantities of gas since ONGC in January 2017 acquired Gujarat State Petroleum Corporation's (GSPC) 80 per cent interest in the KG-OSN-2001/3 block off the east coast of India. The block contains the Deen Dayal W

Oil And Natural Gas Corporation Ltd.'s price crossed below 50Day SMA today

ONGC draws a blank on offer of stake in Deen Dayal gas field

Business Line | 03 Nov 2024

Oil And Natural Gas Corporation Ltd.

27 Oct 2024

241.80

-0.83%

ONGC chairman should also lead as subsidiary HPCL's head: Synergy panel

Business Standard

The oil and Natural Gas Corporation Chairman and Managing Director should also be the chair of the firm's subsidiary Hindustan Petroleum Corporation in line with the universal practice of a corporate group having only one chairman, a panel appointed to work out synergies between the two firms said in its report. India's top oil and gas producer Oil and Natural Gas Corporation (ONGC) had, in January 2018, bought the government's entire 51.11 per cent stake in HPCL for Rs 36,915 crore. The nation's third-biggest oil refining and fuel marketing company thereafter became a subsidiary of ONGC. But Hindustan Petroleum Corporation Ltd (HPCL), which initially did not even recognise the new owner, continues to be headed by a chairman and managing director, who does not report to parent firm ONGC or its board. ONGC has got just one board position on HPCL following the acquisition. On a prod from the Ministry of Petroleum and Natural Gas, ONGC appointed a three-member panel to work out synergi

Oil And Natural Gas .. has an average target of 307.80 from 6 brokers.

ONGC head should be chairman of subsidiary HPCL, says synergy panel

Business Line | 27 Oct 2024

Oil And Natural Gas Corporation Ltd.

15 Oct 2024

241.80

-0.83%

ONGC Hikes Stake In Petchem Subsidiary OPaL To 94.04% For Rs 5,594.80 Crore

NDTV Profit

On Sept. 25, ONGC's board had approved investments in equity shares of OPaL for Rs 10,501 crore, in one or more tranches.

Oil And Natural Gas Corporation Ltd.'s price crossed below 50Day SMA today

Oil And Natural Gas Corporation Ltd.

13 Oct 2024

241.80

-0.83%

ONGC May Set Up Mini-LNG Plants Across Five States To Evacuate Gas From Isolated Fields

NDTV Profit

It has identified two sites at Rajahmundry in Andhra Pradesh, one each at Ankleshwar and Cambay in Gujarat, and one in Jharkhand's Bokaro to set up the plants.