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The joint bid by Reliance-bp and ONGC. NIFTY-25,964.60 CMP-2,989.95 INR Key highlights: ●Revival in investor interest: The oil and gas sector in India is witnessing a resurgence of investor interest after a period of stagnation. ●Joint bid by RIL-bp and ONGC: For the first time, Reliance-bp and ONGC have joined forces to bid for a block in the Gujarat-Saurashtra basin. ●Vedanta's aggressive bidding: Vedanta has placed bids for all 28 blocks under the latest OALP auction. ●Foreign giants staying away: Despite several incentives, foreign energy giants continue to avoid India's hydrocarbon assets. ●Government's efforts: The Indian government is actively promoting investment in the oil and gas sector and is expected to launch the tenth round of OALP bidding in early 2025. ●Reforms and incentives: The government is implementing reforms and offering attractive incentives, such as marketing and pricing freedom, to encourage investment. ●Domestic production and imports: India's domestic oil and gas production has stagnated or declined, leading to increased dependence on imports. ●Positive outlook: The article concludes with a positive outlook for the future of the oil and gas sector in India, citing the government's initiatives and the growing investor interest. #bid #vedanta #RIL #newsanalysis Rishabh Kale

Continuing our series on the Top 20 Profitable Public Companies in India, today we spotlight Oil India Limited / ऑयल इंडिया लिमिटेड (NSE: OIL). 🛢️📊 Oil India is a major player in the Indian oil and gas sector, engaged in exploration, production, and refining. Let’s dive into OIL’s latest metrics, recent developments, and future outlook. 📊 Key Metrics: 1. Total Market Cap: INR 1,02,005 Cr 💰 2. Earnings Per Share (EPS): ₹41.77 📈 3. Price-to-Earnings (P/E) Ratio: 15.01 🔢 4. Revenue: INR 9,582 Cr (June'24) 💼 5. Net Profit Margin: 21.04% 📊 6. Dividend Yield: 1.54% 💵 Shareholding Pattern: 1. Promoters: 56.66% 📊 2. Domestic Institutional Investors (DII): 8.6% 🏦 3. Foreign Institutional Investors (FII): 9.3% 🌍 Recent News: 1. Strategic Agreement: Oil India (OIL) and Indra Dhanus Gas Grid (IGGL) have signed a strategic agreement to enhance energy infrastructure in the North-East region of India. This collaboration will facilitate the evacuation of natural gas from OIL’s DSF block in Tripura through IGGL’s 86 km Agartala-Tulamura pipeline. 🔗 Comparative Insight: 1. OIL vs. ONGC: OIL’s P/E ratio of 15.01 is higher than ONGC’s 8.73, indicating a different market valuation approach. ONGC’s dividend yield of 3.97% is notably higher compared to OIL’s 1.54%, reflecting ONGC’s focus on returning more value to its shareholders. What are your thoughts on OIL India’s recent performance and strategic direction? Share your insights or ask questions in the comments below! 👇📢 Stay tuned for more insights into top-performing public companies! 📈 #OilIndia #EnergySector #Exploration #Infrastructure #StockMarket #FinancialAnalysis #StrategicGrowth #Investing #MarketInsights

🌍 ONGC: India's Energy Leader 🚀 ONGC continues to showcase its dominance in India's energy sector, with a reported revenue of ₹655,259 crore (~$79 billion) for FY 2024. Here's a quick overview: 📊 Key Financial Metrics (FY 2024): Total Sales: ₹591,396 Cr (-6.47% YoY) Net Margin: 7.12% Return on Equity: 14.60% 🛠️ Strengths: Leading 75% of India's crude oil production, strong brand presence, and impressive profit margins. ⚠️ Weaknesses: Operational inefficiencies due to bureaucracy, shrinking market share, and below-average profitability. 🌍 Opportunities: Exploring global markets, non-conventional energy sources, and benefiting from rising oil prices. 🔥 Threats: Intense competition, global oil price volatility, and regulatory risks. ONGC is making strategic moves, such as investing in a new refinery in UP and collaborating with BPCL. These initiatives could set them up for significant growth ahead. 🔍 What do you think? How do you see ONGC's future in the ever-evolving energy landscape? #OilAndGasIndustry #EnergyStocks #MarketAnalysis #InvestmentInsights #FinancialResearch #StockMarketNews #EnergySector #IndianEconomy #BusinessGrowth #EquityResearch #SustainableEnergy #CorporateFinance #OilIndustry #EmergingMarkets #IndiaBusiness

Oil in India! Yes! Hardeep Singh Puri, India's Union Minister for Petroleum and Natural Gas, has just unveiled the initiation of the first-ever oil extraction in the Bay of Bengal, 30 kilometers off the captivating coast of Kakinada in the Krishna Godavari basin. State-owned ONGC is making waves with the successful commencement of 'First Oil flow to FPSO' from Krishna Godavari Deep-Water Block 98/2. 🚀🌊 This marks a game-changing achievement, propelling India towards self-reliance and economic prosperity.  Phase 3 is already in full swing, paving the way for peak oil and gas production by June 2024. Brace yourselves for an impressive boost in ONGC’s total oil and gas production by 11% and 15%, respectively! As the world's third-largest oil importer and consumer, this development signifies a shift in our energy dynamics. No more reliance solely on global markets;  India is charting its course towards energy independence with this indigenous resource. Anticipated is a daily production of 45,000 barrels, contributing significantly to an energy 'Aatmanirbhar Bharat'.  This project is set to add seven percent to national oil production and seven percent to national natural gas production. Let's celebrate this milestone as India takes a giant leap towards rewriting its energy narrative! What do you think of this? Will this help the economy?  #oilrevolution #energyindependence #aatmanirbharbharat #oilgasindustry #ongc

𝐎𝐍𝐆𝐂 𝐒𝐭𝐫𝐢𝐤𝐞𝐬 𝐎𝐢𝐥 (𝐅𝐢𝐧𝐚𝐥𝐥𝐲!): ⛽️ 𝐒𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐭𝐨 𝐒𝐡𝐨𝐰 𝐟𝐨𝐫 𝟑𝟐𝟓% 𝐒𝐡𝐚𝐫𝐞 𝐏𝐫𝐢𝐜𝐞 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞? 🕐1min Source: Economic Times Remember that Reliance gas fiasco that promised energy freedom but turned into a chai-spilling disappointment? Well, hold onto your samosas, because ONGC, India's oil giant, has finally started pumping oil from its own field next door, and the numbers are moo-ving! 𝐓𝐡𝐞 𝐆𝐨𝐨𝐝 𝐍𝐞𝐰𝐬: 👉 First oil from the KG-D5 block expected any day now! 👉 Production to ramp up quickly, reaching 45,000 barrels per day by 2025 (that's enough to fill 47 Olympic-sized swimming pools with oil every day!). 👉 Gas production also set to rise like a tandoori roti, hitting 10 million cubic meters per day next year! 𝐓𝐡𝐞 𝐁𝐢𝐠 𝐏𝐢𝐜𝐭𝐮𝐫𝐞: 👉 ONGC has been criticized for years for their declining production and reliance on aging fields, becoming more of a milking cow than a cash cow for the government. 👉 This new production could reverse the decline and make them a financial powerhouse again, potentially filling the government's coffers with more green than a field of fresh mint. ⚠️ But cautious optimism is key. ONGC's debt is still massive (think Himalayas, not molehills), and they need to avoid milking the cow before it's fully grown. Liabilities of INR 2.60 lakh crore, higher than its market cap of INR 2.69 lakh crore (yikes, that's a tight squeeze!) 𝐁𝐮𝐭 𝐖𝐚𝐢𝐭, 𝐓𝐡𝐞𝐫𝐞'𝐬 𝐌𝐨𝐫𝐞: ️👉 India still falls way short of domestic energy production targets. We're talking about missing the bullseye by kilometers, not millimeters. 👉 A huge chunk of potential blocks remain unexplored, like hidden treasure waiting to be found. 👉 Domestic gas demand is skyrocketing faster than a rocket fueled by chai, with gas prices up 380% in just 3 years! 𝐓𝐡𝐞 𝐁𝐨𝐭𝐭𝐨𝐦 𝐋𝐢𝐧𝐞: ONGC's new oil find is a big udder-ly step in the right direction for India's energy independence. But to truly tap into this potential, they need to: ⛏️ 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐞 𝐞𝐱𝐩𝐥𝐨𝐫𝐚𝐭𝐢𝐨𝐧, like a herd of hungry wildebeests searching for the tastiest grass. 𝐌𝐚𝐧𝐚𝐠𝐞 𝐭𝐡𝐞𝐢𝐫 𝐝𝐞𝐛𝐭 𝐰𝐢𝐬𝐞𝐥𝐲,lest the government comes along with a giant straw and drains the milk before it has time to churn into butter. 𝐑𝐢𝐝𝐞 𝐭𝐡𝐞 𝐠𝐚𝐬 𝐝𝐞𝐦𝐚𝐧𝐝 𝐰𝐚𝐯𝐞, like a surfer catching the perfect chai-colored wave. So, the Question: Do you think the Govt will continue to use ONGC as its ATM, just as it did to buy out its stake in HPCL and plunge ONGC into debt? Share your thoughts and help build this community of informed and updated corporate professionals! P.S. Want the full scoop on the numbers, challenges, and opportunities? Check out the original article here: https://lnkd.in/gtpZgqwH #ONGC #Oil #Gas #India #EnergyIndependence #Debt #ChaiTime #businessnews #news

Oil and Natural Gas Corporation (ONGC), one of India’s leading state-owned oil and gas companies, has declared the highest-ever standalone net profit of Rs 40,526 crore in FY24! This significant achievement underscores the company’s robust performance and resilience. 💰 This record-breaking profit comes after a challenging period marked by high NPAs and losses due to previous policies. Today, we celebrate a remarkable turnaround that has seen ONGC recover and thrive. The company’s consolidated net profit reached a new high of Rs 57,101 crore in FY24. This financial health improvement is set to boost credit availability to the poor, MSMEs, and farmers, thereby contributing to the nation's overall economic growth. 📈 Let’s applaud ONGC for this incredible achievement and look forward to more such milestones in the future. Here’s to continued growth and prosperity! 🥂 #ONGC #RecordProfit #FinancialTurnaround #EconomicGrowth #IndustryLeadership #BusinessMilestone 

Dear #linkdinfamily 🛢️ Exciting News in the Energy Sector! 🌐 I am thrilled to share a momentous development in India's energy landscape! Honorable Petroleum and Natural Gas Minister Hardeep Singh Puri has officially confirmed that the state-owned oil giant, ONGC, has successfully initiated oil production from the Krishna Godavari Deepwater Block 98/2 in the Bay of Bengal. 🌊1) Located 30 kilometers off the coast of Kakinada in the Krishna Godavari basin, this marks a significant milestone as a new crude oil discovery for our nation. 2)Anticipated production stands at an impressive 45,000 barrels per day, alongside over 10 million cubic meters of gas per day. This achievement holds promising prospects for our energy needs and underscores the strategic importance of the region. 💼 Economically, the impact is substantial, with several benefits for our nation. 1)Expected to contribute 7% to our current national crude oil production and gas, this venture is poised to become a game-changer. 2) It comes at a crucial time for India, the world's third-largest oil importer and consumer, ensuring a more secure and sustainable energy future. 📈 The 98/2 project is set to augment ONGC's total oil and gas production by an impressive 11% and 15%, respectively. These figures are not just statistics but a testament to the relentless efforts and commitment of the entire ONGC team. 🌐 This positive news is a beacon for the Indian economy, fostering growth and reducing dependence on external sources. As the project progresses, we anticipate further strides in the sector, with the production likely to soar by June 2024. #EnergySector #ONGC #OilandGas #KrishnaGodavariBasin #EnergyIndependence #IndianEconomy #SustainableFuture #OilDiscovery #Economy #india #growth #andhrapradesh #Education

𝗢𝗶𝗹 𝗮𝗻𝗱 𝗡𝗮𝘁𝘂𝗿𝗮𝗹 𝗚𝗮𝘀 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 (𝗢𝗡𝗚𝗖): 𝗔 𝗠𝗶𝘅𝗲𝗱 𝗕𝗮𝗴 𝗼𝗳 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗮𝗻𝗱 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗦𝗻𝗮𝗽𝘀𝗵𝗼𝘁 (as of Sept 25, 2024): 📊 Market Cap: ₹3.71 Trillion 💰 Dividend Yield: 4.16% (TTM) ⚖️ P/E Ratio: 8.34x 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀: 🔻 Falling Oil Prices due to government caps. ⚠️ Declining Production from aging oilfields. 💸 Increased Capex in renewables pressuring core operations. 📉 Weak Subsidiary Performance affecting dividends. 𝗣𝗼𝘀𝗶𝘁𝗶𝘃𝗲𝘀: 💡 Inexpensive Valuation vs peers. 🌱 Renewable Energy Focus for future sustainability. 💵 Focus on Dividends remains a key driver. 𝗢𝘂𝘁𝗹𝗼𝗼𝗸: ONGC faces headwinds but holds potential if it manages dividends and transitions successfully. #ONGC #Energy #Oil #Investing #India #SmartInvest #MarketAnalysis #StockMarket #WealthCreation #financeshastra

𝗛𝗦𝗕𝗖 𝗗𝗼𝘄𝗻𝗴𝗿𝗮𝗱𝗲𝘀 𝗢𝗡𝗚𝗖 𝘁𝗼 ‘𝗥𝗲𝗱𝘂𝗰𝗲,’ 𝗖𝗶𝘁𝗲𝘀 𝟮𝟮% 𝗗𝗼𝘄𝗻𝘀𝗶𝗱𝗲 𝗔𝗺𝗶𝗱 𝗢𝗶𝗹 𝗣𝗿𝗶𝗰𝗲 𝗗𝗿𝗼𝗽 𝗮𝗻𝗱 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 HSBC has downgraded ONGC from 'Hold' to 'Reduce,' forecasting a 22% drop with a target price of ₹230. The downgrade stems from falling oil prices, declining production volumes, and delays in key projects like KG-DWN-98/2. Rising capital expenditure in renewable energy adds to short-term risks, despite its long-term potential. ONGC's earnings remain vulnerable to oil price volatility and weaker subsidiary performance. #finance #news #ONGC #OilPrices #EnergyTransition Source:- https://lnkd.in/gNwaEc5V

Exciting News in India's Oil Sector! 🛢️ "Indian Oil PSUs Set Ambitious Investment Plan of Nearly US$15 Billion for FY 2024-25 to Boost Energy Infrastructure" State-owned oil giants, including ONGC and IOC, plan a significant investment of nearly US$15 billion in FY 2024-25, marking a 5% increase from the current fiscal year. This substantial investment will fuel exploration, refineries, petrochemicals, and pipeline infrastructure to meet the growing energy needs of our booming economy. Here's a snapshot of the major players: ONGC: Allocating Rs308 billion for FY2024-25, ONGC focuses on discovering new reserves and production, with ONGC Videsh boosting overseas operations by 68%. IOCL: India's leading oil refiner, IOCL, leads investments with Rs309.1 billion, primarily for refinery expansion, petrochemicals, and oil and gas exploration. BPCL: Increasing capital spending by 30% to Rs130 billion, BPCL emphasizes refining business. GAIL: Anticipating reduced investment to Rs80 billion, GAIL nears completion of pipeline grid expansion projects. HPCL: A marginal increase sees HPCL investing Rs125 billion in FY25, emphasizing sustained growth. OIL: Oil India Limited plans to raise investment to Rs68.8 billion, reflecting continued commitment to oil production. MRPL: In a strategic move, MRPL secures a five-year gas supply agreement with BPCL, reinforcing its position in the industry. BPCL will supply 0.43 million m3/d of re-gasified liquefied natural gas to MRPL's refinery. Exciting times ahead for India's oil and gas sector! 🚀 #OilandGas #Investment #EnergySector #IndianEconomy #OilandGasInvestment #EnergyInvestment #IndianEconomy #ONGCInvestment #IOCLExpansion #RefineryInvestment #PetrochemicalsGrowth #PipelineInfrastructure #BPCLInvests #GAILIndia #HPCLGrowth #OilIndiaLimited #MRPLDeal #GlobalInvestments #EconomicDevelopment #FuelingGrowth #InvestmentOpportunities #EnergyDemands #SustainableDevelopment #IndianBusinessNews