Oil and Natural Gas Corporation (ONGC) expects output of natural gas to jump 81% to 116 million standard cubic meters per day by 2019. The company anticipates the jump in output after bringing newer fields in western and eastern offshore into production.
The increased production will come from Krishna Godavari basin gas block KG-DWN-98/2 as well as western offshore discoveries. The four projects with a capex of Rs 22,500 crore have been approved in past six months.
ONGC is an Indian multinational oil and gas company headquartered in Dehradun, India. It is India’s largest oil and gas exploration and production company. It produces around 69% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas.
| Company Name | CMP |
|---|---|
| ONGC | 286.20 |
| Oil India | 473.85 |
| Jindal Drilling&Inds | 541.55 |
| Deep Industries | 488.30 |
| Asian Energy Service | 313.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: