Mumbai: State-owned ONGC on Thursday announced a buyback of 1.97 per cent equity shares at a price of Rs 159 per stock for a consideration not exceeding Rs 4,022 crore. The buyback decision was taken by the company’s Board in its meeting held on Thursday. “The company has fixed January[Read More…]
Tag: ONGC
ONGC board okays exiting Pawan Hans, to sell 49% stake
New Delhi: The ONGC board has approved exiting helicopter service provider Pawan Hans by selling its entire 49 percent stake as with an aim to cut debt and consolidate resources in core oil and gas business, officials with direct knowledge of the development said. Oil and Natural Gas Corp (ONGC) wants its[Read More…]
Five dead in ONGC tanker blast in Kerala
Five persons were killed and a dozen others injured in a blast inside an Oil and Natural Gas Corporation (ONGC) tanker at the Cochin Shipyard here in Kerala on Tuesday, police said. Those working at the time of the blast mostly included daily labourers and contract workers. Tuesday is a[Read More…]
Pawan Hans chopper with 7 crashes off Mumbai, 3 bodies found
A Pawan Hans helicopter with at least five ONGC officials and two pilots on board crashed shortly after take-off from Juhu Airport here on Saturday. In a massive sea and aerial search operation launched by the Indian Coast Guard (ICG) and other agencies, three bodies were found beside some parts[Read More…]
Pawan Hans chopper missing off Mumbai, 5 on board
A Pawan Hans helicopter with at least five persons, including ONGC officials, on board has gone missing shortly after take-off from Juhu Airport here on Saturday, an official said. The Dauphin chopper, VT PWA, took off at 10.20 a.m. Just 15 minutes later, it suddenly lost contact with both the[Read More…]
Cabinet gives in-principle nod for sale of government’s stake sale in HPCL to ONGC
The Union Cabinet on Wednesday gave in-principle nod for sale of government’s stake in HPCL to ONGC. ONGC will not have to make open offer post buying 51.11 per cent government stake in HPCL, reported PTI Cabinet gives in-principle nod for sale of government's stake in @HPCL to @ONGC_ . — Press Trust[Read More…]
KG basin block: ONGC to acquire 80% stake of GSPC with operatorship rights
The plan to secure the entire 80 per cent participating interest of Gujarat State Petroleum Corporation Ltd’s (GSPC) block was approved by state-run Oil and Natural Gas Corporation Ltd (ONGC) in the Krishna- Godavari basin at $995.26 million on Friday. ONGC, the largest producer of crude oil and natural gas[Read More…]