Live Breaking News & Updates on Oil And Natural Gas Corp
Stay updated with breaking news from Oil and natural gas corp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Oil and Natural Gas Corp (ONGC) reported a 14% decline in profit to ₹9,536 crore in the October-December quarter due to lower production and oil and gas prices. Gross revenue also fell by 10% to ₹34,789 crore during the same period. ....
ONGC, IOC, and other oil PSUs plan to invest Rs 1.2 lakh crore in oil and gas exploration, refineries, petrochemicals, and pipelines in the coming fiscal year. ONGC s capital spending will be Rs 30,800 crore, slightly higher than the previous year. OVL, ONGC s overseas arm, will invest Rs 5,580 crore abroad. IOC will invest Rs 30,910 crore, primarily in refinery expansion. BPCL plans to spend Rs 13,000 crore, while HPCL will invest Rs 12,500 crore. ....
Bpcl: Oil and Natural Gas Corp (ONGC) has a planned capital spending of INR 30,800 crore in the next financial year. This expenditure in finding new reserves of oil and gas and bringing to production discoveries it has already made, is slightly higher than INR 30,500 crore capex in 2023-24 fiscal (April 2023 to March 2024). It is developing discoveries on both east and west coasts of the country. ....
The loan will strengthen ONGC Videsh s available cash as it contends with shrinking free cash. Merchant bankers said last month that the company was likely to issue bonds to raise funds, and Venezuela provided some respite in January by agreeing to give ONGC Videsh some oil in lieu of $600 million dividend dues. ....