Latest news with #OilAndNaturalGasCorporation
Reuters
17-07-2025
- Business
- Reuters
India's ONGC explores setting up 200,000-240,000 bpd refinery in Gujarat state, source says
NEW DELHI, July 17 (Reuters) - India's state-run Oil and Natural Gas Corporation ( opens new tab is exploring building a 200,000-240,000 barrels per day refinery at Jamnagar in the western Indian state of Gujarat, a company source said on Thursday. The company is doing a pre-feasibility study for the project, the source told reporters. The source declined to be identified as the matter is not yet public. India, the world's third-biggest oil importer and consumer, wants to position itself as a global refining hub and is expanding capacity.
Economic Times
18-06-2025
- Business
- Economic Times
Buy ONGC, target price Rs 290: Anand Rathi
Anand Rathi has a buy call on Oil And Natural Gas Corporation with a target price of Rs 290. The current market price of Oil And Natural Gas Corporation is Rs 252.6. Time period given by the analyst is a month when Oil And Natural Gas Corporation Ltd. price can reach defined target. ONGC, incorporated in 1993, is a Large Cap company with a market cap of Rs 322558.36 crore, operating in the Gas & Petroleum sector. ADVERTISEMENT Oil And Natural Gas Corporation Ltd. key Products/Revenue Segments include Oil Crude, Gas Natural, Naphtha, Ethane, Propane, Butane, Subsidy, Aviation Turbine Fuel (ATF), Other Operating Revenue, LSHS, Electricity, Mineral Turpentine Oil (MTO), HSD, Processing Charges, Others for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 173788.62 crore, up 3.13 % from last quarter Total Income of Rs 168507.77 crore and up 2.30 % from last year same quarter Total Income of Rs 169875.25 crore. Company has reported net profit after tax of Rs 8217.12 Crore in latest quarter. The company's top management includes Kumar Singh, Singh, Rai, Jaitly, Pareek, Mr.V Ajit Kumar Raju, Ghosh, Kumar, Rawat, Prakash Singh, Patil, Mr.V C Tongaonkar, Mal Khanooja. Company has S Bhandari & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 1,258 Crore shares outstanding. Investment Rationale ONGC recently broke out of its narrow consolidation range between 220 and 252, indicating strength. The stock is now trading above this range, supported by a base formation around the 200-day EMA high/low band, reinforcing bullish sentiment. Additionally, the daily RSI has moved above the 50 mark after a prolonged period, signaling a shift in momentum. Given these technical developments, a long position is advisable in the Rs 257-253 zone, with a target of Rs 290. A daily close below Rs 235 should be used as a stop-loss to manage risk. Promoter/FII Holdings Promoters held 58.89 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.1 per cent, DIIs 19.88 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
18-06-2025
- Business
- Time of India
Buy ONGC, target price Rs 290: Anand Rathi
Anand Rathi has a buy call on Oil And Natural Gas Corporation with a target price of Rs 290. The current market price of Oil And Natural Gas Corporation is Rs 252.6. Time period given by the analyst is a month when Oil And Natural Gas Corporation Ltd. price can reach defined target. ONGC , incorporated in 1993, is a Large Cap company with a market cap of Rs 322558.36 crore, operating in the Gas & Petroleum sector. Oil And Natural Gas Corporation Ltd. key Products/Revenue Segments include Oil Crude, Gas Natural, Naphtha, Ethane, Propane, Butane, Subsidy, Aviation Turbine Fuel (ATF), Other Operating Revenue, LSHS, Electricity, Mineral Turpentine Oil (MTO), HSD, Processing Charges, Others for the year ending 31-Mar-2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mae Suai: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 173788.62 crore, up 3.13 % from last quarter Total Income of Rs 168507.77 crore and up 2.30 % from last year same quarter Total Income of Rs 169875.25 crore. Company has reported net profit after tax of Rs 8217.12 Crore in latest quarter. The company's top management includes Kumar Singh, Singh, Rai, Jaitly, Pareek, Mr.V Ajit Kumar Raju, Ghosh, Kumar, Rawat, Prakash Singh, Patil, Mr.V C Tongaonkar, Mal Khanooja. Company has S Bhandari & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 1,258 Crore shares outstanding. Live Events Investment Rationale ONGC recently broke out of its narrow consolidation range between 220 and 252, indicating strength. The stock is now trading above this range, supported by a base formation around the 200-day EMA high/low band, reinforcing bullish sentiment. Additionally, the daily RSI has moved above the 50 mark after a prolonged period, signaling a shift in momentum. Given these technical developments, a long position is advisable in the Rs 257-253 zone, with a target of Rs 290. A daily close below Rs 235 should be used as a stop-loss to manage risk. Promoter/FII Holdings Promoters held 58.89 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.1 per cent, DIIs 19.88 per cent.
Economic Times
26-05-2025
- Business
- Economic Times
I-Sec maintains Buy on ONGC, lowers target price to Rs 350
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities has a buy call on Oil And Natural Gas Corporation with a revised target price of Rs 350 (Earlier Rs 365). The current market price of Oil And Natural Gas Corporation is Rs 243.15. ONGC , incorporated in 1993, is a Large Cap company with a market cap of Rs 307260.74 crore, operating in Gas & Petroleum sector. Oil And Natural Gas Corporation Ltd. key Products/Revenue Segments include Oil Crude, Gas Natural, Naphtha, Ethane, Propane, Butane, Subsidy, Aviation Turbine Fuel (ATF), Other Operating Revenue, LSHS, Electricity, Mineral Turpentine Oil (MTO), HSD, Processing Charges, Others for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 173788.62 crore, up 3.13% from last quarter Total Income of Rs 168507.77 crore and up 2.30% from last year same quarter Total Income of Rs 169875.25 crore. The company has reported net profit after tax of Rs 8217.12 crore in latest company?s top management includes Kumar Singh, Singh, Rai, Jaitly, Pareek, Mr.V Ajit Kumar Raju, Ghosh, Kumar, Rawat, Prakash Singh, Patil, Mr.V C Tongaonkar, Mal Khanooja. Company has S Bhandari & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 1,258 crore shares Q4FY25 saw adjusted EBITDA/PAT (standalone) of Rs 181 billion/Rs 64.5 billion (9%/-35% YoY) with 7% revenue growth YoY. However, this was offset by sharply higher exploration write-offs, denting net earnings. Consol. EBITDA/PAT stood at Rs 263/Rs 73 billion (+10%/-35% YoY). FY25 EBITDA/PAT (standalone) of INR 724/INR 356bn, rose 4.6%/fell 10% YoY. Oil & gas output for Q4/FY25 slipped 1.8%/1.7% YoY to 10.3mt/41.1mt. Management guidance remains bullish for oil & gas output with ~15?18mmscmd gas production growth and ~20kb/d of oil production growth over FY26?28. Realisations trends, however, are bearish; our revised estimate is $67?70/bbl for FY26?27, driving EPS downgrades of 18.1%/15.5% for FY26E/FY27E (FY28E of Rs 51.4/share introduced). Target price was revised to Rs 350 (earlier Rs 365). The brokerage has retained a BUY held 58.89 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.1 per cent, DIIs 19.88 per cent.
Time of India
26-05-2025
- Business
- Time of India
I-Sec maintains Buy on ONGC, lowers target price to Rs 350
ICICI Securities has a buy call on Oil And Natural Gas Corporation with a revised target price of Rs 350 (Earlier Rs 365). The current market price of Oil And Natural Gas Corporation is Rs 243.15. ONGC , incorporated in 1993, is a Large Cap company with a market cap of Rs 307260.74 crore, operating in Gas & Petroleum sector. Oil And Natural Gas Corporation Ltd. key Products/Revenue Segments include Oil Crude, Gas Natural, Naphtha, Ethane, Propane, Butane, Subsidy, Aviation Turbine Fuel (ATF), Other Operating Revenue, LSHS, Electricity, Mineral Turpentine Oil (MTO), HSD, Processing Charges, Others for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 173788.62 crore, up 3.13% from last quarter Total Income of Rs 168507.77 crore and up 2.30% from last year same quarter Total Income of Rs 169875.25 crore. The company has reported net profit after tax of Rs 8217.12 crore in latest quarter. The company?s top management includes Kumar Singh, Singh, Rai, Jaitly, Pareek, Mr.V Ajit Kumar Raju, Ghosh, Kumar, Rawat, Prakash Singh, Patil, Mr.V C Tongaonkar, Mal Khanooja. Company has S Bhandari & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 1,258 crore shares outstanding. Investment Rationale ONGC?s Q4FY25 saw adjusted EBITDA/PAT (standalone) of Rs 181 billion/Rs 64.5 billion (9%/-35% YoY) with 7% revenue growth YoY. However, this was offset by sharply higher exploration write-offs, denting net earnings. Consol. EBITDA/PAT stood at Rs 263/Rs 73 billion (+10%/-35% YoY). FY25 EBITDA/PAT (standalone) of INR 724/INR 356bn, rose 4.6%/fell 10% YoY. Oil & gas output for Q4/FY25 slipped 1.8%/1.7% YoY to 10.3mt/41.1mt. Management guidance remains bullish for oil & gas output with ~15?18mmscmd gas production growth and ~20kb/d of oil production growth over FY26?28. Realisations trends, however, are bearish; our revised estimate is $67?70/bbl for FY26?27, driving EPS downgrades of 18.1%/15.5% for FY26E/FY27E (FY28E of Rs 51.4/share introduced). Target price was revised to Rs 350 (earlier Rs 365). The brokerage has retained a BUY rating. Promoter/FII Holdings Promoters held 58.89 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.1 per cent, DIIs 19.88 per cent.
