At the time of its launch in April 2018, ONGC had said the estimated capital expenditure would be $5.07 billion and operational expenditure would be $5.12 billion over a field life of 16 years
In a statement, ONGC said net profit for the fiscal FY22 (April 2021 to March 2022) soared 258 per cent to Rs 40,305.74 crore from Rs 11,246.44 crore in the previous financial year.
Recently, a media report quoting sources said that the company has submitted a bid to buy Pawan Hans, JSW Steel informed the stock exchanges.
In the current fiscal year (2022-23), crude oil production is slated to rise to 22.823 million tonnes and gas to 22.099 bcm
In a statement, ONGC said its board held a meeting on Thursday to firm up its 'Future Exploration Strategy'.
Andhra Pradesh State-Level Environment Impact Assessment Authority (SEIAA) in a meeting held last month cleared two separate proposals put up by the ONGC for environmental clearance.
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