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Oil & Natural Gas Corp. Ltd. ( (IN:ONGC) ) has shared an announcement.
ONGC, in collaboration with BP Exploration (Alpha) Ltd and Reliance Industries Limited, has signed a Joint Operating Agreement for the exploration of an offshore block in the Saurashtra Basin. This agreement, part of India’s Open Acreage Licensing Policy, aims to explore and harness hydrocarbon resources, marking a significant step towards enhancing India’s energy security and achieving long-term energy goals.
More about Oil & Natural Gas Corp. Ltd.
Oil & Natural Gas Corporation Limited (ONGC) operates in the energy sector, focusing on the exploration and production of oil and natural gas. It is a key player in India’s energy market, contributing significantly to the country’s energy security.
Average Trading Volume: 543,097
Technical Sentiment Signal: Hold
Current Market Cap: 3021.8B INR
See more insights into ONGC stock on TipRanks’ Stock Analysis page.