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ONGC restores operations in Bay of Bengal after cyclone Fani makes landfall

04 May 2019 Evaluate

Oil and Natural Gas Corporation (ONGC) has restored operations at its fields in the Bay of Bengal after a category-4 cyclone made landfall without causing any disruption to its offshore installations. As a precaution the company had halted operations, evacuated some 500 employees and towed rigs to safer waters ahead of the cyclone.

Fani or the 'Hood of Snake', labelled as a category 4 storm on a scale of 1 to 5, made landfall in Puri, with roaring winds flattening huts, enveloping the pilgrim town in sheets of rain, and submerging homes in residential areas.

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.

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Company Name CMP
ONGC 229.45
Oil India 460.50
Jindal Drilling&Inds 512.30
Deep Industries 676.50
Asian Energy Service 400.45
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