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ONGC’s arm posts 4.7% rise in oil & gas production in FY19

31 May 2019 Evaluate

Oil and Natural Gas Corporation’s (ONGC) overseas subsidiary -- ONGC Videsh has registered increase in production of Oil & Gas by 4.7% with net production of 14.833 MMTOE in FY19, as compared to 14.164 MMTOE in FY18.

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 234.50
Oil India 462.80
Jindal Drilling&Inds 511.35
Deep Industries 676.05
Asian Energy Service 398.00
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