MoneyWorks4Me

Govt planning to sell ONGC’s 149 fields to private companies

12 Nov 2018 Evaluate

The government is planning to sell as many as 149 small and marginal oil and gas fields of Oil and Natural Gas Corporation (ONGC) to private and foreign companies.  The government is also planning to allow the state-owned firm to focus only on big fields.

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.

Peers
Company Name CMP
ONGC 221.80
Oil India 450.65
Jindal Drilling&Inds 594.65
Deep Industries 792.45
Asian Energy Service 470.70
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