ONGC gets govt’s approval to invest ₹10,501 cr in OPaL; here’s how stock reacts
With this additional investment, OPaL will become subsidiary of ONGC with 95.69% equity stake.
oil and natural gas corporation
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May 2018
ONGC shares snap 2-session losses; jump 4% post Q1
The share price of the oil and gas major has fallen nearly 10% in the past two sessions.
ONGC shares decline 4% after ₹247 cr loss in March quarter
The company has attributed the disputed service tax and GST on royalty as the reason behind its loss in the March quarter.
ONGC shares hit 52-week high on discovery of offshore oil blocks in Mumbai
The state-owned oil and gas major has discovered crude oil and natural gas in 'Amrit' and 'Moonga' blocks in Mumbai offshore.
This PSU declares 135% dividend; share hits 4-month high
The public sector oil and gas major has declared an interim dividend of ₹6.75 on each equity share of ₹5, resulting in a total payout of ₹8,492 crore.
What makes PSUs the jewels of Fortune India 500
Public sector companies, in many ways, are the true jewels of the 500 list, and prove to be the best bets for those who want to earn steady returns on investments in the form of equity dividends.
Meeting the govt’s ₹1.05 lakh crore sell-off target
The easiest way to meet or even exceed the disinvestment target is for the government to reduce its stake to 49% in various central public sector units.
Reducing India’s crude oil import dependency
The government has devised a three-pronged strategy to bring down its crude oil import bill and achieve energy security.
PSU losses: Rs 1 lakh crore and counting...
Public sector enterprises are bleeding crores, and there seems no end in sight. Is there a case for these companies anymore?
The PSU muddle
Editor’s letter from the March 2018 issue
