What is the future of ONGC?
What is the future of ONGC?
It recently adopted Energy Strategy 2040, which, as CMD Shashi Shanker stated in the annual report, “envisions ONGC as a diversified energy company with strong contribution from non-E&P businesses; 3x revenues and 5-6x market capitalisation.” Shanker further stated that Strategy 2040 aims to transform ONGC into a …
Why is ONGC in loss?
Natural gas output fell to 5.7 billion cubic metres (bcm) from 5.9 bcm in July-September 2019 after demand fell due to the COVID-19-induced lockdown. During April-September (H1), net profit fell 72.6 per cent to Rs 3,374 crore. Revenue slumped 41.4 per cent to Rs 29,927 crore.
What is the purpose of ONGC?
To plan, promote, organize and implement programmes for the development of Petroleum Resources and the Production and Sale of Petroleum and Petroleum Products produced by it and for all matters connected therewith. 3.
Is it good to buy ONGC?
ONGC’s share price has underperformed the benchmark over the past four years due to a decline in domestic oil & gas production. Due to lower production growth on a sustainable basis, despite cheaper valuations, the brokerage does not recommend that long term investors add the stock as it is a play on commodity prices.
Is ONGC recruiting through GATE 2021?
About ONGC ONGC ranks 18th in ‘Oil and Gas operations’ and 183rd overall in Forbes Global 2000. It is inviting applications for recruiting Graduate Trainees at E-1 level in Engineering & Geo-Sciences through GATE 2021.
Is ONGC a loss making company?
ONGC has been incurring losses on the 65 million standard cubic meters per day of gas it produces from domestic fields. Every dollar reduction in gas price leads to a revenue loss of about Rs 5,200 crore and a Rs 3,500 crore on profit.
Is ONGC a good company?
A huge organisation for india’s energy needs and for its mission to achieve self sufficiency. Ongc is indias foremost exploration and production company. Overall it is a good organisation which offers a variety of experiences and a nice learning curve for ones career growth.
Which is biggest oil company in India?
Maharatna ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production.
Is ONGC undervalued?
Both these stocks are available at very attractive valuations, and there is no reason why the discounting should be so low. For example, ONGC trades at a p/e of just 5-6 times, one year forward earnings. In terms of price to book value too, these stocks are highly undervalued at around 0.50 to 0.60 times.
What is stop-loss in share?
A stop-loss order is an order placed with a broker to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed to limit an investor’s loss on a security position. If the stock falls below $18, your shares will then be sold at the prevailing market price.
What is the salary of chemist in ONGC?
| DESIGNATION | LEVEL | Pay Scale |
|---|---|---|
| (**) Officer/Assistant Executive Engineer/Geophysicist/Geologist/Chemist | E-1 | Rs.60000-180000 |
| Assistant (**)Officer/Assistant Engineer/Personal Secretary | E-0 | Rs.50000-160000 |
| Chief Superintendent/Senior Foreman | S-IV | Rs.32000-56000 |
| Senior Superintendent/Senior Foreman | S-III | Rs.28000-52500 |
Where can I download the tender documents of ONGC Petro additions Limited?
Tender documents can be downloaded from ONGC Petro additions Limited website address www.opalindia.in. 4. OPaL expects the bidder to comply with the tender specification/conditions. OPaL may or may not seek any clarification after opening of the bids.
Is ONGC planning to restructure?
While ONGC did not provide details of the proposed restructuring, sources in the company said an advisor would be appointed to suggest possible options. GAIL had in 2008 picked up 19 per cent stake in ONGC Petro-additions Ltd (OPaL), which was then building the mega petrochemical complex at Dahej in Gujarat.
How did Gail get involved in ONGC Petrochem project?
GAIL had in 2008 picked up 19 per cent stake in ONGC Petro-additions Ltd (OPaL), which was then building the mega petrochemical complex at Dahej in Gujarat. OPaL’s 1.1 million tonnes capacity petrochem plant at Dahej in Gujarat was commissioned last year and has reached 100 per cent capacity in February.
Who is ONGC’s new managing director Avinash Verma?
ONGC Petro additions Limited (OPaL) has announced appointment of Avinash Verma as Managing Director. The nation’s largest oil and natural gas producer is keen that its recent diversification into refining business as also petrochemicals is leveraged to full by integrating them with its core business.
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