ONGC News
19-09-2024 – ONGC Windfall Tax News
ONGC Windfall Tax News – Windfall tax has made oil stocks fall, buy or sell or hold now?
After the Indian government made the windfall tax on crude oil zero, a downfall was seen in the oil stocks and gas stocks. In such a situation, the share of ONGC also fell by almost 1% and reached 292 rupees, but the next day this share opened at 297 rupees. Its 52 week low is Rs. 172.
In such a situation, should we buy this share or sell it or hold it? In such a situation, I do not think that it will be better to hold or buy this share, because the price of oil will come down. if it is there then it will be better to keep buying it.
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11-09-2024 – ONGC PSU Stock News
ONGC PSU Stock News – This high dividend yield falling from 8 days
ONGC shares have been falling every day for the past few days and it has fallen more than 12%, although some growth is being seen in it for the last 2 days. Stock market expert Nuresh Morani has suggested buying ONGC shares.
It is known that the market value of the oil and natural gas company is currently around Rs. 3,78,000 lakh crore. The government has a stake in this company included in Nifty 50 and a good increase can be seen in it in the coming days.
07-09-2024 – ONGC Mazagaon Dock News
Mazagaon Dock ONGC News – ONGC gave Mazagaon Dock a pipeline repair order of Rs 1,486 crore.
After the market closed on Friday 6th September 2024, Mazagaon Dock informed that it had received a pipeline repair order of Rs 1486 crore from ONGC. The company informed that Mazagaon Dock has received notification of the contract of Project 8 Group A for RPC reimbursable basis (OBE) for the replacement of pipelines by Oil and Natural Gas Corporation Limited.
This work is expected to be repaired by 28 February 2026. This is a domestic project between 2 government companies ONGC and MDL. In the 1st quarter of the financial year 2025, the income of Mazagon Dock has increased by 8.5% compared to last year, which has reached 2357 crore rupees. The order booking of Mazagaon Dock on 30th June has now reached 36,839 crore rupees.
Mazgaon Dock shares performance
On Friday, the share of Mazagaon Dock closed at 4403 rupees. It is expected that in the coming time, it will go higher. Now, for how much it will go higher and how much it will go down, you need to take advice from an expert.
ONGC Bihar News – ONGC is searching for gas in Samastipur and Baxar of Bihar, such search is happening after 24 years, and its result will come in 2025
ONGC Bihar News – Gold in Bihar? Yes, you heard it right, the possibility of finding gold in Bihar is almost zero but the possibility of finding black gold i.e oil and natural gas there is very high, and this is the reason that ONGC has started searching for oil and natural gas in Samastipur and Baxar of Bihar and its result will come in 2025.
The government has recognized the possibility of the existence of many types of natural resources in Banka, Jamui, and Navada of Bihar, and this is the reason why the government is conducting the auction process at these places this auction process will be completed by the 18th April 2024.
ONGC UP Prayagraj News
ONGC UP Prayagraj is going to set up a refinery worth Rs 70 thousand Crore
Friends, soon UP’s Prayagraj is going to become a very big fuel hub because now a petrol refinery is being set up there by ONGC, in which ONGC is going to spend Rs 70 thousand Crore. By doing this, Prayagraj will get a new identity in the country and the world.
This refinery will have the capacity to refine 90 lakh tones of crude oil annually. Setting up a refinery here is also easy for ONGC because this land is already with BPCL. And it has a very good location strategically too. Such oil can be easily sold in North India and Nepal and the business can be further expanded.
There is already an oil refinery in Mathura, UP, where 80 lakh tones of oil is refined every year, but this refinery belongs to Indian Oil, not ONGC.
02-09-2024 – ONGC News
Friends, the market value of ONGC has become Rs 4,12,200 crore in August 2024. Although the share has seen a decline of about 0.50% in the last 2 weeks, the share has also gone up by 1% in the previous 1 month. The share has gone up by about 20% in the last 3 months, and the share has gone up by 24% in the previous 6 months.
ONGC Dividend Payment Date
ONGC has announced a dividend of Rs 2.50 this year, which the company announced after its 32nd annual meeting.
ONGC found new oil and natural gas well
ONGC has recently also announced that they have discovered oil in the Krishna Godavari Basin in the Bay of Bengal, where they have found reserves of natural gas and oil.
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