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Is ONGC same as GAIL?

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Is ONGC same as GAIL?

PwC India is advising GAIL, India’s largest state-owned natural gas processing and distribution company, on the deal to acquire the stake in the gas-based power plant. If successful, the deal will give GAIL rights equal to Oil and Natural Gas Corporation (ONGC), which is the 50\% owner.

Is GAIL a good PSU?

GAIL was listed in the 131st position among India’s most trusted brands according to the Brand Trust Report 2014, a study conducted by the Trust Research Advisory. GAIL (India) Limited was incorporated in August 1984 as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG).

Is GAIL or NTPC better?

GAIL (India) Limited is most highly rated for Job security and advancement and NTPC Limited is most highly rated for Job security and advancement.

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How is HPCL different from ONGC?

ONGC holds a 71.63 per cent stake in MRPL. It holds a 51.11 per cent stake in HPCL. HPCL has 23.8 million tonnes of annual oil refining capacity. Together with 15 million tonnes refinery of MRPL, it will become India’s second-biggest state-owned oil refiner after Indian Oil Corp (IOC).

Is Oil India and ONGC same?

Oil and Natural Gas Corporation (ONGC) is an Indian government-owned crude oil and natural gas corporation….Oil and Natural Gas Corporation.

Type Government Corporation
Traded as NSE: ONGC BSE: 500312 BSE SENSEX Constituent NSE NIFTY 50 Constituent
ISIN INE213A01029
Industry Energy: Oil and gas
Founded 14 August 1956

Who is owner of HPCL?

Oil and Natural Gas Corporation
Hindustan Petroleum/Parent organizations

Hindustan Petroleum Corporation Limited (HPCL) is a subsidiary of Oil and Natural Gas Corporation which is under the ownership of Ministry of Petroleum and Natural Gas of the Government of India with its headquarters in Mumbai, Maharashtra.

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Should I buy ONGC stock?

ONGC’s share price has underperformed the benchmark over the past four years due to a decline in domestic oil & gas production. Due to lower production growth on a sustainable basis, despite cheaper valuations, the brokerage does not recommend that long term investors add the stock as it is a play on commodity prices.

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