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ONGC to invest Rs 13,000 crore in Assam in next 5 years

11 Sep 2019 Evaluate

Oil and Natural Gas Corporation (ONGC) is planning to invest more than Rs 13,000 crore in exploring oil and gas by drilling over 220 wells across Assam in the next five years. The company has signed MoU with the Assam government for enhancing its exploration and production activities in the state.

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 224.00
Oil India 445.20
Jindal Drilling&Inds 589.75
Deep Industries 751.15
Asian Energy Service 464.15
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