Oil and Natural Gas Corporation Ltd.

Infrastructure key to India's growth: ONGC chief

18 Nov 10 02:52 PM
ET
BANGALORE: India's ability to sustain a high growth rate would be determined by the pace of infrastructure development and stability in the country, a top official said on Thursday.

"Infrastructure development pace and social-political stability in the country will be key to sustain the high grow..

Simpler subsidy maths to jazz up ONGC, IOC floats

30 Oct 10 10:23 AM
ET
NEW DELHI: India’s largest share sale-Indian Oil Corp’s (IOC) Rs 19,000-crore issue-as well as Oil & Natural Gas Corp’s (ONGC) offering next year will get a shot in the arm as the government is preparing to make its ad hoc subsidy-sharing scheme more systematic and transparent, making the blue-chip ..

Govt expects Rs 18,737 cr from ONGC, IOC share sale

27 Oct 10 10:09 AM
Money Control
After a stellar performance from Coal India IPO, the government is considering to dilute 5% in India's largest PSU oil & gas exploration company ONGC via a follow-on public offer. The ONGC FPO is likley to take place in the financial year 2010-11.

The government will also start the process for a..

Oil ministry wants clarity on subsidy regime ahead of ONGC, IOC selloff

07 Aug 10 10:14 AM
ET
NEW DELHI: The petroleum ministry will support disinvestment in two state-owned oil majors ONGC and Indian Oil Corporation only after there is clarity on the subsidy sharing formula even as the ministry is examining a proposal by the disinvestment department.

“IOC is bleeding due to the heavy sub..

Price hike to fuel follow-on public offer for ONGC, IOC

29 Jun 10 09:46 AM
ET
oNEW DELHI: The government plans to sell shares in Oil & Natural Gas (ONGC) and Indian Oil (IOC) to capitalise on the “feel good” mood among investors after raising petroleum product prices last week.

The petroleum ministry wants the department of disinvestment (DoD) to consider stake sales in th..