SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ONGC to raise Rs 27,000 cr for funding projects

12 Jun 2009 Evaluate

State-run ONGC will borrow about Rs 27,000 crore over next three to four years to fund its projects, its chairman R S Sharma said. The company has already received a Rs 8,500 crore commitment for the petro chemical project at Dahej in Gujarat and another Rs 3,500 crore have been tied up for the power plant at Tripura.

 

The company will meet another Rs 6,000 crore for expansion of its Mangalore Refinery and additional Rs 4,000 crore for Mangalore SEZ. Besides, ONGC Videsh, the company's overseas arm, will need Rs 5,000 crore by January 2010 to repay the bridge loan it had taken for the acquisition of Imperial Energy.crackcrack

ONGC Share Price

280.70 -9.10 (-3.14%)
06-May-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 280.70
Oil India 449.80
Jindal Drilling&Inds 525.80
Deep Industries 456.75
Asian Energy Service 297.55
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×