ONGC, IOC, and other oil PSUs intend to invest nearly Rs 1.2 lakh crore in the upcoming fiscal year towards oil and gas exploration, refineries, petrochemicals, and setting down pipelines to cater to the rapidly growing energy needs of India. According to the Budget 2024-25 documents, the investment for FY25 stood 5 per cent higher than the amount of Rs 1.12 lakh crore, spent by the firms in the ongoing fiscal year, reported PTI. Oil and Natural Gas Corp (ONGC) has set …
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Category: Oil and Natural Gas Corporation
ONGC, IOC, other oil PSUs to invest ₹1.2 lakh crore in FY25
ONGC, IOC and other oil PSUs will invest about ₹1.2 lakh crore in the coming fiscal starting April in oil and gas exploration, refineries, petrochemicals and laying pipelines to meet the needs of the world’s fastest-growing energy consuming nation. The investment proposed in 2024-25 is 5 per cent higher than ₹1.12 lakh crore spent by the State-owned oil firms in the current fiscal year that ends on March 31, according to Budget 2024-25 documents. Oil and Natural Gas Corp (ONGC) has a…
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ONGC share price target 2024: BUY, ADD say brokerages; stock above fair value – Expert view, Technical outlook
ONGC share price target 2024: Oil and Natural Gas Corporation (ONGC) is in focus over speculations that the government may consider disinvestment in some PSUs in case it returns to power after Lok Sabha Elections 2024. Last week, while speaking on ET NOW, ace investor Porinju Veliyath said that companies like ONGC have the potential to grow fast.ONGC share price target 2024: BUY, ADD say brokerages; stock above fair value – Expert view, Technical outlook Subscribe for latest updates …
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Growth robust; reforms yielding results, inflation manageable; open for SBI, ONGC disinvestment
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The Indian economy will maintain steady growth over the medium term, aided by continued structural reforms, with the government confident of containing inflation within manageable limits.
In an exclusive interview with Network18 Editor-in-chief Rahul Joshi, Sitharaman said the robustness of the economy has not gone…
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Govt open to divesting stake in SBI, ONGC: Nirmala Sitharaman | Indiablooms
New Delhi: Finance Minister Nirmala Sitharaman on Friday stated that the government is open to the concept of disinvesting equity stakes in prominent Public Sector Undertakings (PSUs), including the likes of State Bank of India (SBI) and Oil and Natural Gas Corp (ONGC). In an exclusive interview with Network18, she clarified that the government does not oppose the idea of maintaining a minority stake, which is less than 50 percent, in crucial strategic public sector enterprises. …
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Oil And Natural Gas Corporation Share Price Live Updates: Oil And Natural Gas Corporation Sees Impressive 71.06% 1-Year Returns
06:02:21 PM IST, 01 February 2024Oil And Natural Gas Corporation Share Price Updates: Oil And Natural Gas Corporation Stock Price History04:06:47 PM IST, 01 February 2024Oil And Natural Gas Corporation Share Price Updates: Oil And Natural Gas Corporation Bonus Updates03:33:25 PM IST, 01 February 2024Oil And Natural Gas Corporation Share Price Updates: Oil And Natural Gas Corporation Closes at Rs 248.0, Experiences 1.69% DeclineThe closing price of Oil And Natural Gas Corporation was Rs…
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Porinju Veliyath: Betting on ONGC & other oil & gas PSUs; Piramal Pharma can be a good compounder for next 5 years: Porinju Veliyath
Porinju Veliyath, Foundr & CEO, Equity Intelligence India, says , one segment is still to catch the fancy of the investing community – the oil and gas sector. Oil and gas PSUs, starting with ONGC and then HPCL, BPCL and many companies in that sector. Some of them are at single digit PEs, and with a very high dividend yield. So these companies are not going to close down. They are very relevant, they have huge cash flow and companies like ONGC there is a possibility that their earnings are…
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Announcements Updates: Compliances-Reg. 39 (3) – Details of Loss of Certificate / Duplicate Certificate
06:18:37 PM IST, 31 January 2024Announcements Updates: Compliances-Reg. 39 (3) – Details of Loss of Certificate / Duplicate Certificate06:01:55 PM IST, 31 January 2024Oil And Natural Gas Corporation Share Price Today Updates: Oil And Natural Gas Corporation Stock Price History04:06:57 PM IST, 31 January 2024Oil And Natural Gas Corporation Share Price Today Updates: Oil And Natural Gas Corporation Bonus Updates03:33:31 PM IST, 31 January 2024Oil And Natural Gas Corporation Share Price Today…
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MRPL’s VC Tongaonkar set to be next Director (Finance) of ONGC
MRPL’s VC Tongaonkar set to be next Director (Finance) of ONGC New Delhi: Vivek Chandrakar Tongaonkar is set to be the next Director (Finance) of Oil & Natural Gas Corporation Limited (ONGC), a Mahartana PSU under the Ministry of Petroleum & Natural Gas (MoPNG). He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel on Wednesday. Presently, he is serving as Director (Finance) & Chief Financial Officer, Mangalore Refinery & Petrochemicals Limited…
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Reliance: Reliance & ONGC expected to remain strong from growth perspective: Probal Sen
Probal Sen, VP Equity Research, ICICI Securities, says “for ONGC and Reliance, earnings growth will continue to be very strong. Reliance very clearly, with the multiple levers of growth from retail, from the improvement that is expected by our telecom team in Jio in terms of tariffs, as well as subscriptions, the momentum that they continue to show in the retail business, we believe that EPS can continue to grow for a company even on this very high base at about 15% CAGR over the next…
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