Oil and Natural Gas Corporation’s (ONGC) wholly-owned subsidiary -- ONGC Videsh has made new discoveries in Colombia and Brazil. ONGC Videsh has recorded discoveries of oil in its onshore exploration block CPO-5, Colombia in the Llanos basin and major gas in the deep offshore exploration block BM-SEAL4, Brazil in the Sergipe Alagoas Basin.
ONGC Videsh has a significant presence in oil & gas sector of Brazil and Colombia. It holds stakes in seven exploratory blocks.
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.
| Company Name | CMP |
|---|---|
| ONGC | 233.20 |
| Oil India | 407.50 |
| Jindal Drilling&Inds | 552.75 |
| Deep Industries | 475.55 |
| Asian Energy Service | 368.45 |
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