Stock Report

ONGC Mumbai High a national treasure: Petroleum Minister Hardeep Puri

Posted On : 2024-02-19 16:48:32( TIMEZONE : IST )

ONGC Mumbai High a national treasure: Petroleum Minister Hardeep Puri

The successful completion of Mumbai High's 50 years marks an extraordinary and glorious journey, complimented Hon'ble Minister of Petroleum & Natural Gas and Housing and Urban Affairs Shri Hardeep Singh Puri on 18 February 2024. Mr. Puri emphasized Mumbai High's pivotal role as a beacon for future exploration, urging ONGC to embrace cutting-edge technologies like AI and Data Analytics for sustainability and reduced environmental impact. He expressed satisfaction with ONGC's efforts in bringing new discoveries into production, signaling a strategic path for further advancements to bolster the nation's growth.

Encouraging ONGC to lead exploration in the sedimentary basin, Mr. Puri stressed the importance of blending experience with fresh perspectives to enhance production and rejuvenate plans. He commended the new ISPHEM facility in Goa, acknowledged as a world-class establishment ensuring safety in the E&P industry, with recognition from the Hon'ble Prime Minister.

ONGC commemorated the occasion by honoring past leaders and young achievers contributing to Mumbai High's development. Additionally, a short film titled "ONGC Promise" depicted the company's journey, past, present, and future, through the perspective of a veteran ONGCian portrayed by actor Paresh Rawal.

In his welcome address, the Chairman assured intensified production plans and significant investments for exploration, expressing hope for discovering a new field akin to Mumbai High soon. The Chairman reiterated ONGC's commitment to exhaustively explore every opportunity within Mumbai High until every last drop of oil is recovered, underscoring the company's dedication to maximizing resource utilization.

Shares of Oil & Natural Gas Corporation Limited was last trading in BSE at Rs. 274.70 as compared to the previous close of Rs. 274.50. The total number of shares traded during the day was 728822 in over 6387 trades.

The stock hit an intraday high of Rs. 279.05 and intraday low of 272.50. The net turnover during the day was Rs. 201261773.00.

Source : Equity Bulls


OilandNaturalGasCorporation INE213A01029 ONGC MumbaiHigh NationalTreasure PetroleumMinister HardeepPuri