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ONGC may buy all of the governments 51.11 per cent stake in HPCL

ONGC may sell IOC, GAIL stakes to fund HPCL acquisition

ONGC holds 13.77 per cent stake in India's biggest refiner IOC, which at market price is worth about Rs 26,600 crore.

28 Sept 2017 10:00 AM

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

Govt plans to sell stake in ONGC oilfields to private firms

ONGC produces 87 per cent of its 25.53 million tonnes of oil from fields given to it on nomination basis.

27 Sept 2017 2:35 PM

Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals (MRPL) to bring all the refining assets of ONGC under one unit.

ONGC to acquire HPCL in bulk or block deal in Nov-Dec

Government's 51.92 crore shares could be sold to ONGC using either the bulk or block deal.

25 Sept 2017 8:27 AM

Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals (MRPL) to bring all the refining assets of ONGC under one unit.

JM Financial to advise govt on HPCL stake sale to ONGC

The merchant banker will assist the government on "modalities of disinvestment and the timing.

3 Sept 2017 6:27 AM

ONGC may buy all of the governments 51.11 per cent stake in HPCL

HPCL continues to not recognise ONGC as its promoter

ONGC earlier this year bought the government's entire 51.11 per cent stake in HPCL for Rs 36,915 crore.

31 Oct 2018 12:37 PM

The markets would have to contend with any contagion effect of the troubles in the Turkish economy and weakness in global economy on escalation of global trade issues.

Five of top-10 companies add Rs 31,381 crore in market capitalisation

While HUL, ITC, Infosys, Kotak Mahindra Bank and ONGC saw addition in their m-cap for the week ended Friday.

21 Oct 2018 12:11 PM

The Centre aims at creating two or three large entities with integrated operations across oil exploration, refining and marketing. (Photo: DC)

Govt plans to end anti-competitive, complex cross-holding in oil PSUs

Government divests its stake by taking the entire proceeds from sale of shares cross held by oil PSUs.

15 Oct 2018 3:16 AM

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC not in a hurry to offload stake in IOC, GAIL

ONGC holds 13.77 per cent stake in oil refiner IOC and 4.86 per cent in gas utility GAIL India.

2 Oct 2018 8:59 AM

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC ordered to pay Rs 242 crore to Mumbai Port Trust

A sum of Rs 173.69 cr has to be paid to MbPT by ONGC in lieu of wharfage compensation charges since 2013-14.

22 Nov 2018 9:01 AM

Oil and Natural Gas Corp (ONGC) has become Indias first company to hold a meeting of its Board of Directors at high sea. (File Photo)

ONGC frames strategy for higher output growth

The company has seen almost flat growth in crude oil production in the last five years.

16 Nov 2018 11:35 AM

ONGC may buy all of the governments 51.11 per cent stake in HPCL

Govt may sell 149 ONGC fields to private firms

This is the second attempt by the oil ministry to take away some of the fields of ONGC for private and foreign...

12 Nov 2018 5:57 AM

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Moody's affirms ONGC's stable ratings following HPCL buy

Moody's Investors Service, affirmed ONGC 'Baa1' local and foreign currency issuer ratings.

31 Jan 2018 5:41 AM