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ONGC’s CMD R S Sharma on Monday said the royalty issue on Cairn India’s oil field in Barmer, Rajasthan, should be resolved before the state-run company hits the capital market with its follow on public offer. ...
Profitability at two of the top state-run oil firms is being hurt at a time of high global crude costs, as the government delays increasing set fuel prices due to political pressure from high inflation. SV Narasimhan, ...
State-owned upstream company Oil and Natural Gas Corp (ONGC) today signed a cooperation agreement with another PSU GAIL India Ltd, who is leading marketer of the gas in the country giving the gas utility exclusive marketing ...
The central government has approved splitting of a share of the oil and gas behemoth Oil & Natural Gas Corp (ONGC) into two, making it attractive and affordable for retail investors ahead of the follow-on public ...
State-run oil and gas behemoth ONGC has appointed two auditors to quantify its oil and gas reserves ahead of a planned follow on public offer (FPO) sale, Chairman RS Sharma said. “We have appointed D&M (DeGolyer and ...
Former CMD of the country’s largest power producer NTPC, R.S. Sharma, who recently retired is likely join Jindal Power Ltd (JPL) as managing director, two persons familiar with the development said. JPL is a subsidiary of Jindal ...
Country’s largest power generation utility NTPC is looking to buy stakes in two Indonesian coal mines and also plans to invite global bids for more overseas assets, its chairman said on Monday. NTPC aims to lock-in fuel ...
NTPC  wants to offer up to 49 per cent equity stake to Qatar Petroleum in its gas-based project at Kayamkulam in Kerala, to secure fuel supply for its power plant. “We have offered Qatar Petroleum less than ...
The central government is planning to dilute its equity in the oil and gas behemoth ONGC by five per cent during the current fiscal. Confirming the government’s plan ONGC’s chairman R S Sharma said, “At the current ...
State-owned oil an gas behemoth ONGC plans to spend around US $5 billion to develop gas fields to boost output by almost 60 per cent over six years. The explorer sought permission from the oil and ...