10 stories mentioning NSE:ONGCUpdated 15d ago
Every FINWIRES story that references NSE:ONGC, newest first.
Seamec (NSE:SEAMECLTD, BOM:526807) said its vessel SEAMEC PALADIN has resumed its long-term charter with Oil and Natural Gas (NSE:ONGC, BOM:500312) after completing regulatory formalities.The vessel was placed on hire effective July 15, according to a same-day stock exchange filing.Seamec shares rose 2% in recent trade.
Fitch Ratings affirmed Oil and Natural Gas Corporation's (NSE:ONGC, BSE:500312) long-term foreign-currency issuer default rating at BBB- with a stable outlook.The agency also raised the company's standalone credit profile to bbb+ from bbb.Fitch said the upgrade reflects its expectation that ONGC's EBITDA net leverage will remain well below 2.0x despite higher capital expenditure.It expects stable EBITDA from the company's vertically integrated operations and production, with production stabilizing as crude oil prices remain elevated.The ratings agency expects ONGC's annual capital expenditure to increase to about 675 billion rupees from fiscal 2027 to 2029, up from 540 billion rupees in fiscal 2026.Fitch said ONGC's overall rating remains constrained by India's sovereign rating because of the government's majority ownership and the company's strategic role in the country's energy security.
State-owned explorer Oil and Natural Gas Corporation (NSE:ONGC, BOM:500312) has received board approval for the development of a petroleum reserve with a capacity of 1.75 million metric tons in Mangalore, India, according to a Thursday filing to the Indian stock exchanges.The company said the project, along with associated facilities, will be developed as a project of national importance under the directives of the Ministry of Petroleum and Natural Gas.ONGC's board also directed the company to take up with the Government of India the issue of broadening commercial utilization opportunities for the strategic petroleum reserve, along with the required regulatory support.
Oil and Natural Gas Corporation (NSE:ONGC, BOM:500312) has appointed Anupam Agarwal, director (finance), as the chief financial officer and key managerial personnel of the company with immediate effect, according to a Thursday filing to the Indian stock exchanges.Agarwal has over 35 years of experience and takes over the position from Yogish Nayak S., who was appointed as CFO in May.
Oil and Natural Gas (NSE:ONGC, BOM:500312) has an average rating of overweight and mean price target of 312.25 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Oil and Natural Gas (NSE:ONGC, BOM:500312) has an average rating of overweight and mean price target of 313.19 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Oil and Natural Gas (NSE:ONGC, BOM:500312) has an average rating of overweight and mean price target of 312.66 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Oil and Natural Gas (NSE:ONGC, BOM:500312) has an average rating of overweight and mean price target of 313.92 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Desco Infratech (BOM:544387) secured an order worth 166.7 million Indian rupees from state-owned explorer Oil and Natural Gas Corporation (NSE:ONGC, BOM:500312), according to a BSE filing to the BSE.The contract is for the replacement of 24-inch crude oil transfer pipelines from ONGC Trombay terminal to the refineries of Bharat Petroleum Corporation (NSE:BPCL, BOM:500547) and Hindustan Petroleum Corporation (NSE:BPCL, BOM:500547) refineries in the Uran plant in Maharashtra, India.The company's shares were up over 1% in recent trade.
Oil and Natural Gas (NSE:ONGC, BOM:500312) has an average rating of overweight and mean price target of 306.84 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
