Oil and Natural Gas Corporation (ONGC) has received approval from the Expert Appraisal Committee (EAC) under the Ministry of Environment, Forest and Climate Change for additional development drilling of 72 wells in the Krishna-Godavari basin. The project is related to the additional development drilling of 72 wells in East Godavari, West Godavari and Krishna districts of Andhra Pradesh with an investment outlay of Rs 792 crore.
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.
| Company Name | CMP |
|---|---|
| ONGC | 280.95 |
| Oil India | 456.55 |
| Jindal Drilling&Inds | 532.50 |
| Deep Industries | 454.00 |
| Asian Energy Service | 294.30 |
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