SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ONGC awards $290 million contract to consortium led by Afcons Infrastructure

22 Jan 2013 Evaluate

State-run, Oil & Natural Gas Corporation (ONGC) has awarded a $290 million contract to develop its HRD process platform. The state-run firm has awarded the contract to consortium led by Shapoorji Pallonji group’s Afcons Infrastructure. The other consortium members include Technip KT India and THHE Malaysia.

The scope of the work includes engineering, procurement, installation and commissioning of the project, which is expected to be completed within 28 months. The process platform is having well fluid processing capacity of 55,000 barrels and gas compression of 3.2 million cubic meters per day.

The major fabrication works would be undertaken at PTSE yard in Vietnam and NPCC yard in Abu Dhabi. Kawasaki Heavy Industries (KHI), Japan are the suppliers of gas compression system.

ONGC Share Price

287.50 0.95 (0.33%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 287.50
Oil India 477.40
Jindal Drilling&Inds 547.00
Deep Industries 462.80
Asian Energy Service 300.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×