Oil & Natural Gas Corporation Ltd.

BSE: 500312 | NSE: ONGC

Large Cap | Oil Exploration

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2.10 (0.89%)

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ONGC awards contract to Baker Hughes, McDermott, LTHE

Date: 04-10-2018

Oil and Natural Gas Corporation (ONGC) has awarded a contract for development of its mega KG-D5 oil and gas fields to a consortium of Baker Hughes, McDermott International and L&T Hydrocarbon Engineering (LTHE). The contract value is Rs 11,740.86 crore.

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.