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Last 272.70 INR
Change Today +1.80 / 0.66%
Volume 2.9M
As of 7:06 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

oil & natural gas corp ltd (ONGC) Snapshot

Open
271.50
Previous Close
270.90
Day High
276.50
Day Low
271.10
52 Week High
09/9/14 - 458.95
52 Week Low
07/28/15 - 263.45
Market Cap
2.3T
Average Volume 10 Days
4.2M
EPS TTM
21.43
Shares Outstanding
8.6B
EX-Date
--
P/E TM
12.7x
Dividend
9.50
Dividend Yield
3.39%
Current Stock Chart for OIL & NATURAL GAS CORP LTD (ONGC)

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oil & natural gas corp ltd (ONGC) Details

Oil and Natural Gas Corp. Ltd. explores, develops, and produces oil and gas in India and internationally. It operates through Exploration & Production, and Refining segments. The company’s products include crude oil, natural gas, and value added products, such as liquefied petroleum gas, naphtha, superior kerosene oil, high speed diesel, and aviation turbine fuel. It is also involved in the refining and processing of crude oil and natural gas; oil field services; the transportation of oil and natural gas; petrochemicals; and unconventional and alternate sources of energy, as well as electric power generation through 726MW gas based power project at Tripura and wind power electricity generation through installing a 51 MW wind power project at Bhuj, Gujarat. The company was incorporated in 1993 and is based in Dehradun, India.

33,009 Employees
Last Reported Date: 09/5/11
Founded in 1993

oil & natural gas corp ltd (ONGC) Top Compensated Officers

Chairman, Managing Director, Member of Health...
Total Annual Compensation: 340.0K
Director of Technology & Field Services, Dire...
Total Annual Compensation: 3.8M
Director of Offshore, Director, Member of Hum...
Total Annual Compensation: 510.0K
Compensation as of Fiscal Year 2014.

oil & natural gas corp ltd (ONGC) Key Developments

Gujarat Government Moves Supreme Court against British Gas, ONGC and Reliance Industries Ltd over Sales Tax

The Gujarat government on Thursday moved the Supreme Court stating that British Gas, ONGC and Reliance Industries Ltd-are liable to pay sales tax for bringing gas to Hazira from the Panna-Mukta-Tapti (PMT) field, situated off the west coast of India. The state government is claiming that sales tax dues of around INR 40 billion is payable between 1998-2015 by the three companies, which had entered into the production sharing contract (PSC) with the Centre, for capital investment and exploration. The state government had assessed the sales tax of around INR 15 billion from 1997 to 2001 on the three contractors while stating that the gas was delivered and sold to GAIL from the territorial region of Gujarat. However, the companies are contesting the demand notices on the ground that the Gujarat government has no jurisdiction to levy sales tax from them because the delivery point is located 32 nautical miles away from Hazira port in Surat, and hence it does not fall within the territorial waters of India and is also outside Gujarat. Besides, British Gas is announced that the gas is technically an import, as it could have gone anywhere in the world but due to contract obligations with GAIL, it was brought to Hazira. The HC had in May rejected the state government's argument, saying the gas sales have not taken place within the state and the Gujarat government had no authority to levy the sales tax under the provisions of the Gujarat Sales Tax Act, 1969 on the transactions. It also asked the state government to refund the amount with interest at the rate of 9% per annum deposited by the contractors while seeking interim relief. Challenging the Gujarat HC's order, the Gujarat government in its appeal said that the movement of goods from the continental shelf or exclusive economic zone to Hazira onshore being within the customs frontier is not import into the territory of India and the sales in question are, therefore, chargeable to sales tax under the GST Act. According to the appeal, when the government of India, which is a signatory to the PSC, has specifically stated that the sale has taken place on-shore, that is, at Hazira, a unilateral assertion made by the contractors that the sale has taken place on the high seas cannot be accepted. The provisions of the Customs Act have been made applicable to the area of Panna and Mukta and by virtue of the notification issued by the central government, the customs frontiers have been extended to Panna-Mukta area and, therefore, for the purpose of the Customs Act, Panna-Mukta is a part of India, it said. Anything sent to Panna-Mukta from anywhere in the country will not be subject to customs duty as also anything brought from Panna-Mukta to the land area of India will also not be subjected to customs duty. Therefore, the crude and oil produced at Panna-Mukta is considered to have been produced in India, the state government stated.

ONGC Announces Operating Results for the First Quarter Ended June 2015

ONGC announced operating results for the first quarter ended June 2015. For the quarter, the company has achieved 100.3% of crude oil production target in April-June quarter. The company drilled 5.568 million tone crude oil in the three months against a target of 5.552 million tone. It had produced 5.504 million tone crude oil in the first quarter of the last fiscal. ONGC's oilfields in the offshore areas achieved 101% of the target in the first quarter of 2016 by producing 4.13 million tons compared with a target of 4.07 million tons. Production from offshore fields was up 5.14% year-over-year. ONGC's natural gas production, however, was 98% of the target in the April-June quarter. It produced 5.486 billion cubic meters (bcm) natural gas against a target of 5.604 bcm. The gas production in the first quarter was less 3% year-over-year to 5.653 bcm in the first quarter of 2015. The drop in natural gas production was due to less output from onshore gas fields.

ONGC Seeks Acquisitions

Oil and Natural Gas Corp. Ltd. (NSEI:ONGC) is considering acquisition of stakes in Rosneft projects: Vankor, Yurubcheno-Tokhom and Far Eastern LNG.

 

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