Oil and Natural Gas Corporation (ONGC) is reportedly planning to buy 27 drilling rigs, in a bid to replace nearly half of its ageing onland rigs. The estimated cost would be around Rs 3000-3500 crore. The new drilling rigs will help the company to make things more competent.
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 |
| View more.. | |
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