MoneyWorks4Me

ONGC to invest Rs 8,110 crore to develop onshore wells in Andhra Pradesh

06 Oct 2025 Evaluate

Oil and Natural Gas Corporation (ONGC) is set to invest Rs 8,110 crore for onshore development and production of oil and gas from 172 wells in eight PML (production mining license) blocks in Andhra Pradesh.

Earlier in September 2025, committee under the Ministry of Environment, Forest and Climate Change has recommended Environmental Clearance for the project. While recommending the Environmental Clearance, the committee directed the company to comply with all the environmental protection measures and safeguards proposed in the documents submitted to the Ministry.

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 234.85
Oil India 489.10
Jindal Drilling&Inds 608.95
Deep Industries 739.85
Aban Offshore 14.25
View more..