MoneyWorks4Me

ONGC to invest Rs 7327 crore for development of 5 projects

24 Feb 2017 Evaluate

Oil and Natural Gas Corporation (ONGC) has received approval for development of five projects with an aggregate investment of Rs 7327 crore which will lead to production of 14.969 MMT of Oil and 2.972 BCM of Gas. The Board of Directors at its meeting held on February 23, 2017 has approved for the same. 

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.

Peers
Company Name CMP
ONGC 221.65
Oil India 452.60
Jindal Drilling&Inds 598.50
Deep Industries 797.15
Asian Energy Service 480.45
View more..