Last 401.10 INR
Change Today -3.80 / -0.94%
Volume 3.4M
ONGC On Other Exchanges
Symbol
Exchange
Natl India
As of 7:06 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

oil & natural gas corp ltd (ONGC) Snapshot

Open
405.00
Previous Close
404.90
Day High
407.40
Day Low
399.20
52 Week High
06/9/14 - 472.00
52 Week Low
08/28/13 - 234.20
Market Cap
3.4T
Average Volume 10 Days
4.5M
EPS TTM
30.98
Shares Outstanding
8.6B
EX-Date
--
P/E TM
12.9x
Dividend
6.75
Dividend Yield
3.18%
Current Stock Chart for OIL & NATURAL GAS CORP LTD (ONGC)

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oil & natural gas corp ltd (ONGC) Details

Oil and Natural Gas Corporation Limited is engaged in the exploration, development, and production of oil and gas in India and internationally. The company’s products include crude oil, natural gas, liquefied petroleum gas, naphtha, ethane/propane, kerosene oil, low sulphur heavy stock, high speed diesel, motor spirit, aviation turbine fuel, mineral turpentine oil, and others. It is also involved in power generation, liquefied natural gas supply, and pipeline transportation activities; and the provision of petrochemicals. Oil and Natural Gas Corporation Limited was incorporated in 1993 and is based in Dehradun, India.

33,009 Employees
Last Reported Date: 09/5/11
Founded in 1993

oil & natural gas corp ltd (ONGC) Top Compensated Officers

Chairman and Managing Director
Total Annual Compensation: 730.0K
Director of Finance, Director and Member of P...
Total Annual Compensation: 2.4M
Director of Technology & Field Services and D...
Total Annual Compensation: 800.0K
Director of Human Resources, Director, Member...
Total Annual Compensation: 2.7M
Compensation as of Fiscal Year 2013.

oil & natural gas corp ltd (ONGC) Key Developments

Government Reportedly Plans To Sell Stakes In Firms Managed By Indian Railways

Indian government is planning to sell stake in Steel Authority of India Limited (BSE:500113), NHPC Ltd. (BSE:533098), Oil and Natural Gas Corp. Ltd. (BSE:500312), Power Finance Corporation Limited (BSE:532810), and Rural Electrification Corporation Limited (BSE:532955). The government also plans to divest its stake in certain infrastructure companies of Indian Railways. A source told PTI, “We are in talks with the Railway Board for sale of government equity in certain public sector units (‘PSUs) managed by Indian Railways.” There are about half a dozen companies which are managed by Indian Railways. These include RITES Ltd., Ircon International Limited, Indian Railway Finance Corporation Limited, Indian Railway Catering and Tourism Corporation Ltd., and RailTel Corporation of India Ltd. Since these firms are not listed it is likely that the initial public offer will be accompanied by government offloading its stake. Indian Railways is facing a cash crunch and is looking at various ways to mobilize resources for undertaking its expansion program. According to the news report, the government has already pitched for reforms in Railways by proposing Foreign Direct Investment and Public Private Partnership to meet the resource crunch. The source stated, “The disinvestment will be a part of the government exercise to engage private players in ancillary services as part of overall agenda.” The Finance Ministry plans to raise around INR 434 billion through disinvestment in PSUs in 2014.

Finmin To Outstrip Disinvestment Target

The Indian government's Financial Year 2015 proceeds from disinvestment could turn out to be even higher if a plan prepared by the finance ministry materializes. According to the ministry's internal estimate, reviewed by FE, from the stake sales being lined up for the year in 11 Public Sector Units, including Oil and Natural Gas Corp. Ltd. (BSE:500312), Coal India Limited (BSE:533278), Steel Authority of India Limited (BSE:500113) and NHPC Ltd. (BSE:533098), the government could fetch INR 137.32 billion more than the INR 434.25 billion budgeted.

Investors Reportedly Eye Stake In Murphy Oil's Malaysia Assets

Mitsubishi Corporation (TSE:8058) has submitted a non-binding bid to buy Malaysian oil and gas assets of Murphy Oil Corporation (NYSE:MUR) valued at about $2.5 billion, a person familiar with the matter told. Oil and Natural Gas Corp. Ltd. (BSE:500312) and Oil India Limited (BSE:533106) are among the other suitors preparing to submit bids for the Murphy Malaysia assets, separate sources said. It was not immediately clear if the two Indian companies would submit a joint bid. ONGC and Oil India are likely to submit preliminary bids for the Murphy stake by the end of July after getting mandatory internal approvals, said the sources. Kuwait Petroleum Corporation and Mitsui & Co. Ltd. (TSE:8031) were among the other suitors considering a bid. Mitsubishi, Mitsui and ONGC Videsh, the overseas business arm of ONGC spokesperson declined to comment. Kuwait Petroleum, Oil India and Murphy did not respond to e-mails seeking comment.

 

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