Oil and Natural Gas Corporation (ONGC) is planning to invest up to Rs 40,000 crore in the Krishna-Godavari (KG) basin, off the Andhra Pradesh coast. The company will make the said investment in a phased manner over the next four years.
Moreover, the state-run explorer is targeting to extract 25 million standard cubic meters a day of gas in the KG Basin by 2018 and will also look into exploration of oil by 2019. ONGC is also keen on being partners in the new Petroleum University coming up in the State.
Further, the company has outlined plans to invest in corporate social responsibility (CSR) initiatives in Krishna, East and West Godavari districts in partnership with the Andhra Pradesh State Skill Development Centre.
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 | 285.45 |
| Oil India | 474.00 |
| Jindal Drilling&Inds | 533.70 |
| Deep Industries | 507.30 |
| Asian Energy Service | 313.55 |
| 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: