[ad_1] Brokerage firm Jefferies reiterated its “buy” recommendation on shares of Oil & Natural Gas Corporation Ltd. (ONGC), the state-run upstream oil explorer on Friday, March 28, after hosting the management in the US post a roadshow. Jefferies has a price target of ₹375 on the stock, which implies a potential upside of 56% from […]
ONGC to invest ₹3,300 crore in arm ONGC Green for Ayana acquisition – CNBC TV18
[ad_1] State-owned Oil and Natural Gas Corporation Ltd (ONGC) on Tuesday (March 25) said it has approved an investment of ₹3,300 crore in its wholly owned subsidiary, ONGC Green Limited (OGL), through a rights issue to fund the acquisition of 100% equity stake in Ayana Renewable Power Private Limited. The acquisition will be carried out […]
ONGC receives ₹22 crore GST demand order, plans to appeal – CNBC TV18
[ad_1] State-owned Oil and Natural Gas Corporation Ltd (ONGC) on Monday (March 17) said it has received a Goods and Services Tax (GST) demand order amounting to ₹22 crore from the Joint Commissioner, State Tax, Circle C, Jodhpur, for the period between April 1, 2020, and May 14, 2020. “An Order, dated 25.02.2025 has been […]
ONGC’s OPaL exits from Dahej SEZ, to operate as domestic tariff area unit – CNBC TV18
[ad_1] State-owned Oil and Natural Gas Corporation Ltd (ONGC) on Friday (March 7) said its subsidiary ONGC Petro Additions Ltd (OPaL) has received the final approval for its exit from the Dahej Special Economic Zone (SEZ). The clearance was granted through a letter from the Development Commissioner of Dahej SEZ, dated March 7, 2025. “It […]
ONGC approves ₹1,200 crore investment in ONGC Green for PTC Energy acquisition – CNBC TV18
[ad_1] State-owned Oil and Natural Gas Corporation (ONGC) on Monday (February 24) said it has approved an investment of ₹1,200 crore in its wholly owned subsidiary, ONGC Green Ltd (OGL), through a Rights Offer of equity shares. The decision was taken at the company’s Board meeting on February 24, 2025. Company Value Change %Change “In […]
The Nifty PSE index is down 7% this week but only one stock has held on to gains – CNBC TV18
[ad_1] The Nifty PSE index, one which comprises of the top 20 state-run companies of the country, is down 7% so far this week. This is the second instance in the last four weeks when the index has declined 6% or more. For the week that ended on December 22, the index had declined over […]
ONGC hikes stake in subsidiary OPaL to 95.69% via ₹4,906-crore rights issue – CNBC TV18
[ad_1] State-owned Oil and Natural Gas Corporation (ONGC) on Tuesday (December 3) said it has raised its equity stake in its subsidiary, ONGC Petro Additions Ltd (OPaL), from 94.57% to 95.69% through the subscription of 490.6 crore equity shares at ₹10 each via a rights issue. The investment amounted to ₹4,906.20 crore. Company Value Change […]
ONGC Videsh acquires additional stake in Azerbaijan’s ACG oil field and BTC pipeline – CNBC TV18
[ad_1] State-owned Oil and Natural Gas Corporation (ONGC) on Friday (November 29) said its wholly-owned subsidiary ONGC Videsh Ltd has finalised the acquisition of a 0.615% participating interest (PI) in the offshore Azeri-Chirag-Gunashli (ACG) oil field in Azerbaijan from Equinor. The transaction also includes acquiring a 0.737% shareholding in the Baku-Tbilisi-Ceyhan (BTC) pipeline company through […]
ONGC gets government approval to invest upto ₹10,501 crore in OPaL – CNBC TV18
[ad_1] State-owned Oil and Natural Gas Corporation (ONGC) on Friday (August 9) said it has received government approval to invest up to ₹10,501 crore in ONGC Petro Additions Ltd (OPaL). “It is informed that the company has received a letter dated 09.08.2024 from Ministry of Petroleum & Natural Gas, Govt of India(GoI), conveying approval of […]
ONGC Q1 Results | Net profit dips 15%, beats low-key estimates – CNBC TV18
[ad_1] State-owned Oil and Natural Gas Corporation (ONGC) on Monday (August 5) reported a 15% year-on-year (YoY) decline in net profit at ₹8,938.10 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, Oil and Natural Gas Corporation posted a net profit of ₹10,526.78 crore, the company said in a regulatory […]