ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, will invest close to $150 million in the seven oil and gas blocks it recently acquired in Cuba.
Oil and Natural Gas Corp is spending 93 per cent of its total capital expenditure of Rs 10,850 crore (Rs 108.50 billion) in the current fiscal on its core activities of oil and gas exploration and production, according to its chairman and managing di
Oil and Natural Gas Corporation said on Thursday that it would like to acquire public sector oil companies -- Hindustan Petroleum Corporation and Bharat Petroleum Corporation.
Oil and Natural Gas Corporation would go ahead with its proposed investment of Rs 2,000 crore (Rs 20 billion) in Assam, its chairman and managing director Subir Raha said in Kolkata on Friday.
Eminent economists, during a panel discussion on Friday warned that India's GDP is likely to grow at a lower 5.6-6.25 per cent this year but said inflation would stabilise at 6-7 per cent in the country.
He succeeds Subir Dutta, who has been appointed Member of the Union Public Service Commission.
The Oil and Natural Gas Corporation made a net profit of Rs 12,500 crore (Rs 125 billion) in the last financial year and Rs 30,000 crore (Rs 300 billion) in last three years, chairman-cum-managing director Subir Raha said.
State-owned National Thermal Power Corporation said on Tuesday that it received 13 bids, including 11 from overseas companies, for constructing the main dam for its 800 MW hydropower project.
Oil and Natural Gas Corporation expects to hit the market with a public offering of ten per cent government equity by early March, a top official said on Wednesday.
Bureaucratic delays are stifling growth in the sector. India should be far more aggressive in launching 'look alike' biological molecules in a fast track manner.
The Oil and Natural Gas Corporation on Friday said the Mangalore Refineries and Petrochemicals Ltd would make profits during the current fiscal if the Karnataka government considered its request of correcting anomalies in duties and taxes.
Rating agency Crisil on Friday said growth rates witnessed in the current fiscal in several sectors are expected to continue for 3-5 years, even as it predicted rising wages in the information technology sector by 2007-08.
Kolkata Knight Riders' first home match in the seventh edition of the IPL, versus defending champions Mumbai Indians, on May 14 has been shifted to Cuttack due to the inability of the police authorities to deploy adequate personnel.
State-run Oil and Natural Gas Corp is in the race for picking up Canadian firm EnCana's stake in a cluster of oil fields in Ecuador and is also talking to Russia for picking up stake in assets of oil major Yukos.
FII's too have invested in huge amount in the country
ONGC is weighing the possibility of merging Mangalore Refinery and Petrochemicals Ltd with itself even as it has laid out capex plans of over Rs 500 crore for the refinery, including product upgrade to meet the Euro III norms.
Close on the heels of acquiring Jenson & Nicolson (Nepal) and auto and industrial coating business from ICI Paints, Berger Paints on Wednesday said it might pick up stake in its technical collaborator Nippon Paints of Japan.
Oil and Natural Gas Corporation is considering the option of setting up a joint venture or a wholly owned subsidiary for its petroleum retailing foray.
India Inc has learnt to take risks and compete with global players to create wealth, industry experts said on Monday.
Bajaj Auto's Rahul Bajaj, Sunil Mittal of Bharti and Oil and Natural Gas Corp's Subir Raha are among the 20 finalists announced by Ernst and Young for the E&Y Entreprenuer of the Year award.
State exploration firm Oil and Natural Gas Corp on Thursday said it will take 26 per cent equity in Bharat Petroleum Corp Ltd's upcoming 6 million tonnes refinery at Bina in Madhya Pradesh.
Oil and Natural Gas Corporation will award six small onshore oil fields this month to private companies for bringing them to production in the next two-three years
The Oil and Natural Gas Corporation will invest Rs 33,000 crore (Rs 330 billion) in the next five years on oil and gas exploration, discovery and asset building, a top company official has said.
State-owned exploration firm Oil and Natural Gas Corporation will begin retailing petrol and diesel from its own petrol stations by the year end, company chairman and managing director Subir Raha said on Thursday.
ONGC on Friday said it was not against the government's move to dilute its 5% stake in the public sector undertaking through an IPO or by diluting the cross holding of shares between ONGC, Indian Oil Corporation and Gail.
Oil and Natural Gas Corporation has discovered new reserves of oil in Assam, Subir Raha, chairman and managing director of the company, said on Wednesday.
Traditionally, Prime Minister picks the RBI Governor after consultation with the finance minister.
ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corp, is eyeing oil and gas properties in West Africa, CIS countries and Latin America with plan to invest one billion dollars a year in acquiring equity oil.
State-run Oil and Natural Gas Corp will invest around $15 million in developing Chinnewala Tibba oil and gas discovery in Jaisalmer district of Rajasthan.
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