Common

Is ONGC same as GAIL?

by Author

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.

READ ALSO:   Is a path of practice and spiritual development leading to insight into the true nature of reality?

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.

READ ALSO:   Is it important to have a good teacher?

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.

https://www.youtube.com/watch?v=tALQqC3D9lo