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ONGC to procure equipment, services worth over Rs 30,000 crore

05 Jul 2021 Evaluate

Oil and Natural Gas Corporation (ONGC) is planning to procure equipment and services worth over Rs 30,000 crore to support its oil and gas exploration and production operations, which will provide local entities business and support 'Aatmanirbhar Bharat' initiative. The company is going all out in its efforts to realise the dream of Aatmanirbhar Bharat. At the heart of its endeavours is enhanced transparency and streamlined contracting practices, which will enable the promotion of a business friendly environment for ONGC's business partners.

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 235.50
Oil India 485.05
Jindal Drilling&Inds 598.10
Deep Industries 729.95
Aban Offshore 14.21
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