Is ONGC Under debt?

How Much Debt Does Oil and Natural Gas Carry? As you can see below, at the end of March 2021, Oil and Natural Gas had ₹1.24t of debt, up from ₹1.17t a year ago. However, it does have ₹191.7b in cash offsetting this, leading to net debt of about ₹1.05t.

Is ONGC central government?

Oil and Natural Gas Corporation (ONGC) is an Indian government-owned crude oil and natural gas corporation. Its registered office is in New Delhi. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India.

Is ONGC loss making company?

ONGC has been incurring losses on the 65 million standard cubic meters per day of gas it produces from domestic fields after the government in November 2014 introduced a new gas pricing formula that had “inherent limitations” as it was based on pricing hubs of gas surplus countries such as the US, Canada, and Russia.

Is Gail a government company?

GAIL (India) Limited (formerly known as Gas Authority of India Ltd.) is a government owned natural gas corporation responsible for natural gas processing and distribution in India headquartered in GAIL Bhawan New Delhi, India. It is under the ownership of Ministry of Petroleum and Natural Gas , Government of India .

Who is owner of ONGC?

Government of India
Ministry of Petroleum and Natural Gas
Oil and Natural Gas Corporation/Parent organizations

What is the full form of BPCL?

Bharat Petroleum Corporation Limited (BPCL) is an Indian government-owned oil and gas corporation. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India, headquartered in Mumbai, Maharashtra.

Which is better GAIL or ONGC?

Gail offers better volume growth whereas legacy fields keep production growth uncertain for ONGC, it said. Gail is trading well below its average PE while ONGC is at a big premium to its history. Gail also offers a better dividend yield, it added.

What does ONGC stand for?

A STUDY ON FINANCIAL PERFORMANCE OF OIL AND NATURAL GAS CORPORATION (ONGC) AARIF KHAN Ratio analysis project on ONGC of year 2010-11 & 2011-12 Arjun Negi What to Upload to SlideShare

What does ONGC believe in corporate governance?

ONGC strongly believes that Corporate Governance in any organisation derives its genesis from culture and mindset of the organisation and is based on the principles of integrity, fairness, equity, transparency, accountability and commitment to the values. It is a way of life rather than a mere legal compulsion.

What is the fraud prevention policy of ONGC?

The Fraud Prevention Policy shall help in strengthening the overall fraud risk management framework of ONGC and seeks to:  Promote an ethical and fraud-free environment at ONGC.  Create a culture at ONGC that promotes fraud prevention by all stakeholders;

When did ONGC acquire majority stake in HPCL?

On 1 November 2017, the Union Cabinet approved ONGC for acquiring majority 51.11\% stake in HPCL (Hindustan Petroleum Corporation Limited). On Jan 30th 2018, Oil & Natural Gas Corporation acquired the entire 51.11\% stake of Hindustan Petroleum Corporation.