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The Latest Breaking News from ONGC

ONGC Q4 Results: Cons PAT jumps 46% YoY to Rs 10,820 crore, revenue up 4%

Oil & Natural Gas Corporation (ONGC) reported a significant 46% surge in consolidated net profit to Rs 10,820 crore for the March-ended quarter. This growth was driven by a 4% increase in revenue from operations, reaching Rs 1,73,805 crore. The company also recommended a final dividend and approved a joint…

The Economic Times

Stocks in news: Premier Energies, Suzlon Energy, Paytm, Hindalco, ONGC

Indian markets saw a strong rebound on Monday. The Nifty index surpassed 24,000 and is expected to move higher. Premier Energies saw a large promoter stake sale. Suzlon Energy reported its Q4 results. ONGC is expanding its partnership with BP. IRFC entered metro rail financing. Paytm is investing in its…

The Economic Times

After Mumbai High, ONGC brings in BP in other western offshore oil, gas fields

In a strategic alliance, ONGC has teamed up with BP to enhance the extraction of oil and gas from its aging offshore fields in the west. This partnership is aimed at revitalising production levels, drawing from the encouraging outcomes observed in their earlier collaboration at Mumbai High.

The Economic Times

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Petrol, Diesel price hike: Fuel rates increased for fourth time in less than two weeks

Petrol, Diesel price hike Today: Fuel prices have seen another hike. Petrol and diesel rates have gone up, marking the fourth increase in under two weeks. This rise reflects global crude oil price surges and ongoing geopolitical tensions. Oil companies have been facing significant daily losses. India has largely shielded…

The Economic Times

RIL, foreign firms refute in SC Centre's claim of 'unjust' extraction of gas from KG basin

Reliance Industries and its offshore partners are strongly denying allegations of siphoning gas from ONGC fields. The companies are in the Supreme Court challenging a High Court verdict that overturned an arbitral award in their favor. The Centre had demanded over a billion dollars for gas allegedly migrated from ONGC…

The Economic Times

Capitalmind Flexi Cap Fund exits RIL and 2 others, hikes stake in Titan Company, MCX and 16 other stocks in April

Capitalmind Flexi Cap Fund exited Reliance Industries, Bank of Baroda, and L&T Finance in April. The fund also increased stakes in Titan Company, MCX, and 16 other stocks, including NTPC and ONGC. It added MTAR Technologies, Tata Steel, and Kirloskar Oil Engines as new holdings, expanding its portfolio to 42…

The Economic Times

Crude@$100+: The Rs 3 lakh crore power boom you might be missing

The US-Israel-Iran conflict has significantly boosted India's power and energy stocks, with Nifty Energy's market cap rising by Rs 3 lakh crore as Brent crude exceeds $100. Foreign investors are pouring into power generation and transmission, viewing it as a macroeconomic hedge. Companies like Adani Power and BHEL are leading…

The Economic Times

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ONGC shares rally 6% after govt cuts crude oil royalty; CLSA explains why it’s a big boost

ONGC shares surged 6% after CLSA termed the government’s decision to cut crude oil and natural gas royalty rates a major positive for upstream producers. The brokerage said the move could raise ONGC’s fair value by 7-9% and Oil India’s by 9-11%. Oil India shares also gained 7.5%, while CLSA…

The Economic Times

From J&K statehood to BHU polls: 699 Parliamentary assurances the government never delivered

In 2016, the petroleum ministry was asked in the Rajya Sabha if it would act against officials from the government-owned Oil and Natural Gas Corporation and its regulator Directorate General of Hydrocarbons for “inaction”. This was a case of alleged gas flow from an ONGC block to a Reliance Industries…

Newslaundry

Years before NEET row, NTA contracted 2 exam firms with murky record

Imagine spending years preparing for a job exam, only to discover that the process was flawed from the start. India has seen many such cases over the years, including those where assessment agencies were granted exam contracts despite their murky record.

Newslaundry

Andhra Pradesh CM to inaugurate Juvvaladinne fishing harbour on March 12

Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy will inaugurate the Juvvaladinne fishing harbour in Bogole mandal of Nellore district in virtual mode from his camp office at Tadepalli on March 12 (Tuesday).

The Hindu

ONGC puts seismic survey in Eastern Offshore block in Krishna Godavari basin on hold

The Oil and Natural Gas Corporation (ONGC) has put on hold a seismic survey, scheduled to be carried out between the first week of March and July 2024, in the Krishna-Godavari-DWN-98/2 block (Cluster-II), 65 km off Kakinada coast in the Eatern Offshore.

The Hindu

ONGC provides artificial limbs, tricycles to the needy in Vizianagaram

ONGC distributes tricycles and artificial limbs to physically-challenged persons in Vizianagaram district, promoting CSR and self-reliance.

The Hindu

Ankita Raina and Riya Sachdeva power ONGC to women’s final

Ankita Raina and Riya Sachdeva lead ONGC to victory in PSPB inter-unit tennis tournament semifinals.

The Hindu

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The Hindu

When the Cooum turned radioactive

The major flap in the 1990s when radioactive material was dumped in the Cooum river and the subsequent retrieval efforts.

The Hindu

Protests after ONGC exploration blasts damage buildings

Several houses in an area of Tripura’s Sepahijala district have developed cracks due to exploration activities carried out by the ONGC in search of gas reserves

The Hindu

ONGC-funded drinking water project inaugurated

Transport Minister and MP inaugurate 60,000-litre storage tank in Amalapuram for safe drinking water supply.

The Hindu

ONGC pays ₹2,000 crore in royalty, tax to Andhra Pradesh for operations on Krishna-Godavari basin

ONGC pays ₹2,000 crore in royalty and tax to the A.P. govt. in 5 years. Plans are under way to increase daily gas production.

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The Hindu

Silkyara tunnel rescue operation keeps homestays, hotels in Uttarkashi busy

Hotels/homestays near Silkyara tunnel site hosting officials from multiple agencies for rescue op. Top State/govt officials staying at Anantam Residency in Bramhkhal. 10 villages in Uttarkashi district providing accommodation to rescue teams. ONGC officers staying at Monal Hotel.

The Hindu

ONGC project: A.P. Chief Minister releases fourth tranche of compensation to fishermen of Kakinada and Konaseema districts

A.P. Chief Minister Y.S. Jagan Mohan Reddy releases fourth tranche of compensation to fishermen of Kakinada and Konaseema districts, who lost their livelihood because of the ONGC pipeline project. An amount of ₹161.86 crore has been deposited directly into the accounts of 23,458 fishermen families. The ONGC is footing the…

The Hindu

ONGC pipeline | Andhra Pradesh CM Jagan Mohan Reddy releases compensation of ₹161.85 crore to fishermen

The State government has released ₹161.86 crore to the fishermen who lost their livelihood due to pipeline works of the Oil and Natural Gas Corporation in Dr. B.R. Ambedkar Konaseema and Kakinada Districts.

The Hindu

ONGC to begin exploration for rare earths in Kerala-Konkan basin soon

The Hindu

Do not allow hydrocarbon projects in Ramanathapuram, says Vaiko

Vaiko urges TN govt not to give permission to ONGC for hydrocarbon projects. Recalls Sultan Ahmed Ismail committee's recommendations against such projects. ONGC had submitted application to State Environmental Impact Assessment Agency. TN govt should not grant permission to ONGC projects in Ramanathapuram & Ariyalur.

The Hindu

Oil companies keen to set up compressed biogas plants in 10 districts

Oil cos to set up CBG units in 10 Kerala districts. BPCL-Kochi Refinery to lay foundation stone in Jan. GAIL to set up 3 CBG plants, ONGC to invest ₹3,500 cr. Zero investment projects for State govt, regular supply of waste to treatment plants. Civic bodies to benefit from project.

The Hindu

Palaniswami urges DMK regime to reject ONGC’s application

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