Skip to main content

MoneyWorks4Me

ONGC evacuates 480 employees before cyclone Fani makes landfall

02 May 2019 Evaluate

Oil and Natural Gas Corporation (ONGC) has evacuated 480 of its employees from rigs operating in the Bay of Bengal ahead of an impending cyclone that is expected to make landfall on Friday, May 03, 2019. The company has also moved at least four rigs to safer waters away from the path of severe cyclonic storm Fani.

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 227.95
Oil India 454.85
Jindal Drilling&Inds 511.50
Deep Industries 671.15
Asian Energy Service 399.25
View more..