ONGC Share Price Live Updates: ONGC Trading Insights
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Time of India
3 days ago
- Time of India
ONGC scouts for local yards to build four platform supply vessels
MUMBAI: State-owned Oil and Natural Gas Corporation Ltd ( ONGC ), India's biggest oil and gas explorer, is scouting for public sector yards to build four so-called Platform Supply Vessels under a government-mandated plan to boost the domestic shipbuilding industry . Platform Supply Vessels are specially designed ships which provide various services and support to offshore oil and gas exploration and production activities. These vessels play a critical role in the logistics and operations of offshore oil and gas platforms. The cost of a new Platform Supply Vessel can vary significantly, ranging from $15 million to $53.6 million or more, depending on size, specifications, and the shipyard. A large PSV (4,500 dwt) could cost around $54 million, while a small to medium-sized one could come at a price tag of between $15 to $30 million, according to a ship broker. ONGC has started preliminary discussions with all the public sector shipyards for building the PSVs and a limited purpose tender is expected to be floated soon for finalising the contract, a source with knowledge of the plan said. The state-owned yards being sounded out for the order includes Cochin Shipyard Ltd , Hindustan Shipyard Ltd, Mazagon Dock Shipbuilders Ltd and Garden Reach Shipbuilders and Engineers Ltd. Following a request from an inter-ministerial joint working group set up last year, state-run oil companies have indicated that they require some 112 ships, including 30 Medium Range oil tankers, 24 very large gas carriers and four offshore vessels over the next 10-15 years. The joint working group has asked oil companies to float tenders for building ships locally and a technical working group has been set up to extend support in writing procurement and tender documents as they lack experience in this. The vessel specifications for MR tankers and very large gas carriers have been frozen, and the effort now is to draw up the procurement and tender documents. ONGC and Indian Oil Corporation Ltd will likely be the first among PSU oil companies to kick off government plans to build ships locally to support and grow the domestic shipbuilding industry. 'Currently, most of the ships required by ONGC are hired from the market, including those registered overseas. ONGC wants to own a few vessels of different categories as a strategic asset to avoid market fluctuations resulting in extremely high charter hire rates or non-availability of ships,' a government source said. The plan is being pursued very actively, the source said, noting that ONGC requires special purpose vessels such as diving support vessels, well stimulation vessels, geo technical investigation vessels, anchor handling tugs, platform supply vessels, offshore supply vessels and tankers to support its oil and gas exploration activities. ONGC could not be reached immediately for comment.
Time of India
4 days ago
- Time of India
ONGC Share Price Live Updates: ONGC experiences slight decline in returns
Discover the ONGC Stock Liveblog, your ultimate resource for real-time updates and insightful analysis on a prominent stock. Keep track of ONGC with the latest details, including: Last traded price 241.26, Market capitalization: 305386.28, Volume: 635055, Price-to-earnings ratio 8.42, Earnings per share 28.74. Our comprehensive coverage combines fundamental and technical indicators to provide you with a comprehensive view of ONGC's performance. Stay informed about breaking news that can sway ONGC's trajectory in the market. With our expert insights and stock recommendations, make well-informed financial decisions. Join us on this journey as we explore the exciting potential of ONGC. The data points are updated as on 09:41:12 AM IST, 30 Jul 2025 Show more Show less
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Business Standard
4 days ago
- Business Standard
Stocks to Watch today, July 30: RIL, NTPC, Star Health, Asian Paints
Stocks to Watch Today, Wednesday, July 30, 2025: The benchmark Indian equity indices may open on a flat to negative note today, with GIFT Nifty futures trading 35 points lower at 24,803 as of 08:04 AM. Asia-Pacific markets traded mixed on Wednesday after US Commerce Secretary Howard Lutnick confirmed that President Donald Trump's Friday tariff deadline would not be extended. Japan's Nikkei 225 was flat, Australia's ASX 200 rose 0.64 per cent, South Korea's Kospi gained 0.64 per cent, and China's Shanghai Composite edged up 0.43 per cent. Overnight in the US, Wall Street ended lower as the S&P 500 and tech-heavy Nasdaq slipped 0.38 per cent and 0.39 per cent, respectively, retreating from record highs. The Dow Jones fell 0.46 per cent amid weak corporate earnings and caution ahead of the Federal Reserve's policy statement. Track Stock Market LIVE Updates Meanwhile, here is the list of stocks to watch during today's trading session: NTPC: State-owned power giant NTPC reported an 11 per cent year-on-year (Y-o-Y) increase in its consolidated net profit to ₹6,108.46 crore in the first quarter of financial year 2025-26 (Q1FY26), compared to ₹5,506.07 crore reported in the corresponding quarter of the previous fiscal year. The company's revenue from operations, however, declined to ₹47,065.36 crore in Q1FY26 from ₹48,528.88 crore in Q1FY25. However, other income rose to ₹755.75 crore from ₹452.80 crore Y-o-Y. Reliance Industries (RIL): The Mukesh Ambani-led company has announced that it has entered into a joint operating agreement with Oil and Natural Gas Corporation (ONGC) and BP Exploration (Alpha) Limited (BP) for the exploration of Block GS-OSHP-2022/2. According to the exchange filing, this block is located off the western coast in the Saurashtra basin and was awarded to RIL, ONGC, and BP as part of the Hydrocarbon Exploration and Licensing Policy. Deepak Fertilisers: The company reported a 22.14 per cent Y-o-Y increase in consolidated net profit to ₹243.86 crore in Q1FY26, compared to ₹199.65 crore in Q1FY25, driven by higher sales. The company's total revenue during the quarter under review rose 16.54 per cent Y-o-Y to ₹2,658.75 crore from ₹2,281.33 crore in the year-ago period. Star Health & Allied Insurance: The company reported a 17.68 per cent Y-o-Y decline in net profit in Q1FY26 to ₹262.52 crore, compared to ₹318.93 crore in Q1FY25. However, the company stated that profit as per IFRS increased by 44 per cent to ₹438 crore. The combined ratio stood at 99.6 per cent. Star Health Insurance recorded a Gross Written Premium (GWP) of ₹3,936 crore in Q1FY26, marking a 13 per cent Y-o-Y increase. Retail GWP grew by 18 per cent Y-o-Y, with fresh retail premiums rising by 25 per cent. Varun Beverages: The company reported a 5 per cent increase in net profit in Q1FY26 to ₹1,317 crore from ₹1,253 crore in Q1FY25, despite a decline in revenue. The company's revenue fell 2.5 per cent Y-o-Y to ₹7,017 crore, compared to ₹7,197 crore a year ago. However, operating performance remained steady, with earnings before interest, tax, depreciation and amortisation (Ebitda) inching up 0.4 per cent to ₹1,999 crore from ₹1,991 crore. Asian Paints: The paintmaker has sanctioned the merger of its subsidiary, Asian Paints (Polymers), with the parent company to streamline synergies across procurement, logistics, supply chain, technology, and shared services. GAIL (India): The company has signed a Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) for the transfer of two gas-based power plants (330 MW in Dholpur and 270.5 MW in Ramgarh) to the JV, subject to due diligence. The JV will also develop 750 MW of solar and 250 MW of wind power projects in Rajasthan, complementing the existing gas-based plants. Shareholding in the JV will be 50 per cent each for GAIL and RVUNL. L&T Finance: The company has allotted 25,000 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs), each having a face value of ₹1,00,000, aggregating to ₹250 crore, on a private placement basis to identified investors on July 29, 2025. Q1FY26 results today Among the companies announcing their Q1FY26 results today are Jio Financial Services, Power Grid, Tata Steel, Computer Age Management Services, IIFL Finance, Indraprastha Gas, and Indus Towers. In addition, InterGlobe Aviation, Kaynes Technology, KPIT Technologies, NHPC, and Punjab National Bank will also release their Q1FY26 results today.
