ONGC is planning to set up a new ‘basin’ in Agartala by the end of next year as it looks to focus more on exploration of oil and gas in the North-East region. Construction work is going on as earlier there was no proper building to start functioning of a 'basin' in Agartala.
ONGC’s North East operations are divided into two areas -- Assam Shelf from Jorhat to Duliajan and Assam Fold Belt from Silchar to Agartala.
ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India with current market capitalization of about $31 billion.
| Company Name | CMP |
|---|---|
| ONGC | 266.30 |
| Oil India | 491.85 |
| Jindal Drilling&Inds | 634.95 |
| Deep Industries | 521.40 |
| Asian Energy Service | 371.05 |
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