|Bid||180.05 x 0|
|Ask||180.10 x 0|
|Day's Range||176.55 - 181.70|
|52 Week Range||155.20 - 212.85|
|PE Ratio (TTM)||11.27|
|Forward Dividend & Yield||6.05 (3.48%)|
|1y Target Est||227.97|
India is poised to lift its domestic natural gas price to the highest in at least two years, boosting earnings of producers like Oil and Natural Gas Corp., according to a survey of analysts and industry ...
The Oil and Natural Gas Corp (ONGC) is set to hire international oil service giants for the first time to boost output from domestic oil fields in response to a government push to increase local supplies and cut expensive imports. ONGC, India's biggest explorer, has shortlisted U.S. oil service companies Halliburton, Schlumberger and GE subsidiary Baker Hughes to submit proposals on boosting production from two onshore fields, according to a document seen by Reuters. The three companies have until May to submit their proposals for what ONGC is calling a "production enhancement contract" for an oilfield in Assam and another in Gujarat.
India's Oil and Natural Gas Corp is set to hire international oil service giants for the first time to boost output from domestic oil fields.
(Reuters) - India's top explorer Oil and Natural Gas Corp Ltd reported a 15 percent rise in third-quarter profit on Friday, but missed analysts' expectations. Standalone net profit rose to 50.15 billion ...
NEW DELHI (Reuters) - India's top explorer Oil and Natural Gas Corp (ONGC) has secured a $2.83 billion loan from three banks to part fund its $5.8 billion acquisition of state-refiner Hindustan Petroleum ...
Shares of Oil and Natural Gas Corp Ltd jumped as much as 6.3 percent on Monday after the explorer said it would buy a majority stake in refiner Hindustan Petroleum Corp Ltd for a smaller premium than expected. The gains, which took ONGC's shares to their highest in nearly one year, came after India's biggest explorer said on Saturday it would pay 369 billion rupees ($5.77 billion) for a 51.1 percent stake in HPCL from the government at 473.97 rupees per share. HPCL shares, however, fell as much as 4.3 percent as the premium paid was only about 14 percent higher than Friday's closing price, smaller than expected.
India's biggest explorer Oil and Natural Gas Corp (ONGC) (ONGC.NS) has agreed to buy the government's majority stake in state-refiner Hindustan Petroleum Corp (HPCL.NS) for 369 billion rupees ($5.78 billion or 4.17 billion pounds), ONGC said on Saturday. It will pay a premium of about 14 percent on HPCL's current market price for the 51.1 percent stake, the company said in a statement to the stock exchange. The deal is part of the government's objective to combine various public sector enterprises "to give them the capacity to bear higher risks" and create more value for shareholders, ONGC said.
Oil and Natural Gas Corporation Limited (NSEI:ONGC) saw a double-digit share price rise of over 10% in the past couple of months on the NSEI. As a large-cap stock withRead More...
Venezuelan state oil-firm PDVSA has not made debt payments to India's top oil producer ONGC (ONGC.NS) for six months, and has previously used a Russian state-owned bank and another Indian energy company as intermediaries to make payments, two sources familiar with the transactions said on Wednesday. ONGC Videsh, the overseas investment arm of ONGC, confirmed that PDVSA had fallen behind on the payments, but declined to give details on the delays. "They have got certain challenges at this stage," ONGC Videsh said in an emailed response to Reuters' questions.
India's ONGC Videsh has turned its focus to buying stakes in overseas producing oil and gas assets to meet output targets after a delay by Iran in awarding development rights for a gas field, its managing director said on Thursday. Indian firms led by ONGC Videsh, the foreign investment arm of Oil and Natural Gas Corp, have been negotiating with Iran for development rights of Farzad B gas field since its discovery in 2008.