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ONGC to double oil and gas production

19 Aug 2019 Evaluate

Oil and Natural Gas Corporation (ONGC) has set a target to double oil and gas output from its domestic and overseas fields. The company has expand its refining capacity three-fold alongside diversification into renewables in a new vision document for 2040.

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 230.80
Oil India 461.00
Jindal Drilling&Inds 515.00
Deep Industries 674.30
Asian Energy Service 407.65
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